Morocco issues first ESCO authorization, boosting energy efficiency and job creation
The Ministry of Energy Transition and Sustainable Development (MTEDD) has announced the issuance of Morocco's first Energy Services Company (ESCO) authorization. This milestone is part of the implementation of Decree No. 2-24-153, enacted under Law No. 47-09 on energy efficiency and published in the Official Bulletin last November.
This initial authorization represents a key step in operationalizing the regulatory framework for energy efficiency. It builds on the momentum generated by the ministry, notably through the decree regulating the accreditation of entities responsible for mandatory energy audits, under which 25 companies have already been approved.
ESCOs are a new generation of energy actors expected to play a pivotal role in Morocco's energy transition. Through energy performance contracts, binding them to clients with clear, measurable targets, these companies aim to reduce energy consumption and optimize usage across various sectors.
Energy efficiency is increasingly recognized as a key driver of job creation, giving rise to a range of fast-growing professions, from energy maintenance to home automation. The new regulatory framework is designed to support the development of a national ecosystem of specialized companies, while fostering skill development and unlocking high-value economic opportunities.
The MTEDD also reaffirmed its commitment to supporting all companies seeking to join this ecosystem and contribute to building a more sustainable, energy-efficient economy.
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Morocco issues first ESCO authorization, boosting energy efficiency and job creation
The Ministry of Energy Transition and Sustainable Development (MTEDD) has announced the issuance of Morocco's first Energy Services Company (ESCO) authorization. This milestone is part of the implementation of Decree No. 2-24-153, enacted under Law No. 47-09 on energy efficiency and published in the Official Bulletin last November. This initial authorization represents a key step in operationalizing the regulatory framework for energy efficiency. It builds on the momentum generated by the ministry, notably through the decree regulating the accreditation of entities responsible for mandatory energy audits, under which 25 companies have already been approved. ESCOs are a new generation of energy actors expected to play a pivotal role in Morocco's energy transition. Through energy performance contracts, binding them to clients with clear, measurable targets, these companies aim to reduce energy consumption and optimize usage across various sectors. Energy efficiency is increasingly recognized as a key driver of job creation, giving rise to a range of fast-growing professions, from energy maintenance to home automation. The new regulatory framework is designed to support the development of a national ecosystem of specialized companies, while fostering skill development and unlocking high-value economic opportunities. The MTEDD also reaffirmed its commitment to supporting all companies seeking to join this ecosystem and contribute to building a more sustainable, energy-efficient economy.
