Energy efficiency: Soon an insurance mechanism for energy savings in Morocco

Result of a partnership between the SIE and the Swiss Foundation BASE

The Energy Engineering Company (SIE), Super Esco, in charge of the implementation of energy efficiency projects in Morocco, mobilizes a donation from the “Rapid Response Facility” mechanism, with the support of the British Embassy in Morocco and the Climate Energy Collaboration Group (CECG). This initiative of the Cop 26 Energy Transition Council tends to develop a new model of energy savings guarantee (Energy Savings insurance-ESI). “The world is facing catastrophic climate change and a profound energy transformation and we have no time to lose to take the necessary measures.

Thanks to the Energy Transition Council, our joint and coordinated work in Morocco, with ministries, agencies including the Energy Engineering Company, donors, development banks and international partners, has made it possible to share expertise and support priorities of the new development model to accelerate the transition to clean, affordable and resilient electricity systems as part of a green economic recovery from the global pandemic,” said Simon Martin, UK Ambassador to Morocco. To this end, the SIE and the Swiss Foundation BASE, a specialized partner of the United Nations Environment Program, held their kick-off meeting to define the actions to be implemented and determine a framework for collaboration of the various stakeholders in the program. aimed at deploying the Energy Savings Guarantee (ESI) model in Morocco for the energy efficiency (EE) sector. “With our partners and the support of the Ministry of Energy Transition and Sustainable Development, we are taking the initiative to make available to the market, in particular private SMEs, a new model which aims to provide more security to contracts. of energy performance in Morocco. We hope that this initiative will be heard by the market and are convinced that it will bring all its usefulness to the national EE ecosystem”, says Ahmed Baroudi, general manager of the SIE.

For his part, Daniel Magallón, Managing Director of BASE, affirms that “the ESI model presents a proven and unique approach, based on the market, which uses commercial channels and instruments already available on the market to overcome the obstacles associated with projects. energy efficiency”. Indeed, the ESI model will make it easier for SMEs to invest in energy efficiency projects. These are the tools that the SIE is undertaking to put in place to further open the market to private investment. This new mechanism will facilitate access to financing for SMEs for their energy efficiency project involving banks, insurance companies and technology suppliers. It will thus allow the establishment of an insurance contract covering the performance risk of the solutions provided by SMEs. Four main components are defined in this sense.

Examples include the contract between technology providers and SMEs, energy savings insurance, technical validation, and financing. It should be noted that the SIE will coordinate this program in Morocco in its role of Super Esco, in accordance with its mission of supporting the national ecosystem of the energy efficiency sector. She will develop the mechanisms specific to the model, coordinate the commitments of stakeholders, launch the first pilots and ensure that the model is properly understood through specialized training.

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