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    Signature(s)

    Amount
    € 6,500,000
    Countries
    Sector(s)
    Morocco : € 6,500,000
    Services : € 6,500,000
    Signature date(s)
    5/12/2008 : € 6,500,000
    Link to source

    Summary sheet

    Release date
    17 November 2008
    Status
    Reference
    Signed | 05/12/2008
    20080347
    Project name
    Promoter - financial intermediary
    Fonds Capital Carbone Maroc

    Morocco's Caisse de Dépôt et de Gestion (CDG)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    The amount of the Bank’s investment will not exceed the equivalent of EUR 6.5m or, if this amount is lower, 25% of the Fund’s capital.
    The Fund will have a minimum capital of EUR 18m at the first closing. The promoters' target size is EUR 26m.
    Location
    Sector(s)
    Description
    Objectives

    The operation consists of the Bank's acquisition of an equity participation with EU budgetary resources (risk capital managed by the Bank under Regulation 1638/2006 of 24 October 2006) in a newly-created carbon fund.

    The objective of this Fund is to support investment in clean technology projects in Morocco through the purchase of carbon credits.

    Environmental aspects
    Procurement

    This project will promote (i) the global market in greenhouse gas reductions, (ii) the use of the Clean Development Mechanism in Morocco and the region, and (iii) investment in key sectors in Morocco such as renewable energy, landfill management and energy efficiency.

    Not applicable.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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