SIE secures US$965,000 grant from SEFA to support its transition into the first Super ESCO

MOROCCO – Morocco’s Société d’Ingénierie Energétique (SIE) has secured US$965,000 grant from The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa. As a Super ESCO, the SIE should be able to overcome many of the challenges in scaling up energy efficiency investments. It will also open market opportunities for local ESCOs, offer quality assurance support and build their reputation among end-users and investors. Super ESCOs are vehicles for channelling funds into public sector energy…

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