KfW lines up new loans and guarantees

In the latest round of its substantial financing for Moroccan energy projects, German development bank KfW has received approval from the Moroccan Ministry of Finance for guarantee and loan agreements with Office National de l’Electricité et de l’Eau Potable (ONEE) and Moroccan Agency for Sustainable Energy (Masen) to be backed by a Moroccan Treasury guarantee. The ONEE facility comprises guarantees to support two loans for a total €130m ($138m) for the state utility’s 1GW integrated wind power programme.