Background

Due to the risk involved debt financing for renewable energy (RE) and energy efficiency (EE) projects in Egypt Morocco and Tunisia typically requires substantial proportions of equity and grants in the financing structure. This may strain the developers' capital resources. Innovative structures are needed to close the gap between equity and debt available to RE and EE projects and increase the leverage of scarce public funds.

Purpose

To develop a financing instrument to improve financing possibilities for RE and EE projects in the southern Mediterranean region.

Implementor

Equiter S.p.A. - Intesa Sanpaolo