The company is a special purpose vehicle (SPV) owned by the Moroccan Agency for Sustainable Energy (MASEN) and EDF Renewables.
The EBRD loan is part of a senior debt provided by a group of international and Moroccan banks: Société Générale, Attijariwafa Bank, Banque Centrale Populaire and Bank of Africa. EBRD will also provide a EUR 5 million loan, while the Climate Investment Funds' (CIF) Climate Technology Fund (CTF) will provide a EUR 4.5 million loan to MASEN to finance its equity contribution to the project SPV.
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