African fund targets Morocco for energy projects — TradingView News

By N Saeed

Morocco has been identified as one of the primary markets targeted by a proposed $200 million African energy transition fund to finance renewable energy and other low-carbon infrastructure projects across the continent.

According to an assessment by the African Development Bank (AfDB), the African Transition Acceleration Fund (ATAF) is targeting $200 million with a hard cap of $300 million. The fund will be managed by African Infrastructure Investment Managers (AIIM), an established African infrastructure investment manager.

The report, published by Morocco World News, said ATAF plans to invest in 10 to 15 projects over a five-year investment period, with individual investments typically ranging from $10 million to $45 million.

The fund will have a 10-year investment horizon, with the possibility of three additional one-year extensions subject to approval by its Limited Partner Advisory Committee.

Morocco is listed among ATAF’s 13 primary investment markets, alongside Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Namibia, Nigeria, Senegal, South Africa, Tanzania, Uganda, and Zambia, the report noted.

The fund’s investment strategy is organized around three main themes including renewable energy generation, battery energy storage systems, electricity transmission, energy efficiency, and power-to-X technologies.

A second focus area covers green hydrogen, green ammonia, biofuels, biomethane, biogas, and related technologies. The third targets electric mobility, electric vehicle fleets, and charging infrastructure.

(Writing by N Saeed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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