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Solar power agency Masen issues Morocco's first green bond

Reuters    Translate This Article
7 November 2016

On 7 November 2016 Reuters reported: The Moroccan Agency for Solar Energy (Masen) has issued Morocco's first green bond to help to finance the country's development of solar power, it said on Monday. The 1.15 billion dirham ($118 million) bond issue will help to fund three schemes that form part of the NOOR PV 1 solar power project. The schemes are to be developed in Laayoune, Boujdour, and Ouarzazate with total capacity of at least 170 megawatts. Green bonds are a fixed-income security designed to raise capital for low-carbon or clean energy investments. Global Good News service views this news as a sign of rising positivity in the fields of science and business, documenting the growth of life-supporting, evolutionary trends.

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