Latest news with #DecreeNo.2-24-153
Maroc
a day ago
- Business
- Maroc
INEE Certified as Morocco's First Energy Services Company
Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to obtain official accreditation as an Energy Services Company (ESCO). This certification was granted by the Ministry of Energy Transition and Sustainable Development, within the framework of Decree No. 2-24-153, which implements Law No. 47-09 on energy efficiency, according to a press release from INEE. Specializing in energy efficiency solutions, renewable energy production, and decarbonization, INEE is now positioned as a key player for contracting energy efficiency projects through Energy Performance Contracts, based on a structured partnership model. The company deploys high value-added technical solutions and commits to delivering actual energy performance, enabling stakeholders to secure their efficiency objectives while benefiting from integrated, measurable, and long-term support. Through its integrated approach, INEE contributes to the structuring of a national energy efficiency ecosystem, supporting the scaling up of sustainable projects, says the same source. In doing so, it fully aligns with the Kingdom's ambition to strengthen its energy sovereignty, accelerate its decarbonization, and consolidate the resilience of its economy in the face of climate challenges. As the first ESCO certified under the new national legal framework, INEE affirms its role as a trusted partner to assist public and private stakeholders in their decarbonization journey. This also confirms the CDG Group's structured and long-term commitment to the energy transition and territorial development. The company intervenes across the entire value chain—from energy audits to real-time operation and monitoring—by integrating financing, engineering, and project structuring. It also supports its partners in change management and in obtaining energy efficiency certifications and labels. It operates in strategic sectors such as Smart City, industry, tertiary (services), logistics, agriculture, and in the implementation of the Exemplary Administration Pact. (MAP: 02 June 2025)
Morocco World
a day ago
- Business
- Morocco World
INEE Becomes Morocco's First Accredited Energy Services Company
Doha – Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to benefit from official accreditation as an Energy Services Company (ESCO) in Morocco. The Ministry of Energy Transition and Sustainable Development issued this authorization on May 20, as part of Decree No. 2-24-153, implementing Law No. 47-09 on energy efficiency. The ministry stated this development represents an important step in operationalizing the regulatory framework for energy efficiency, building on their ongoing efforts. INEE is the first ESCO approved under the new national legal framework. The company specializes in energy efficiency solutions, renewable energy production, and decarbonization. According to company information, INEE operates across the entire value chain, from energy audits to real-time monitoring and operation. Their services integrate financing, engineering, and project assembly for clients in both public and private sectors. 'This recognition allows INEE to contract energy efficiency projects through Energy Performance Contracts based on a structuring partnership model,' the company stated. These contracts connect ESCOs to their clients through measurable objectives, with payment directly linked to actual energy savings achieved. The ESCO business model is designed to reduce financial risk for clients while helping to cut energy consumption. According to INEE, they deploy technical solutions with a commitment to achieving energy performance targets. The company reports operating in sectors including Smart City development, industry, tertiary services, logistics, and agriculture. It also works on implementing the Administration's Exemplarity Pact. Energy efficiency is emerging as a driver of job creation in the sector. The new regulatory framework aims to develop a national ecosystem of specialized companies while promoting skills training. INEE states that through its approach, it contributes to structuring a national energy efficiency ecosystem. This work supports Morocco's efforts to strengthen energy sovereignty, accelerate decarbonization, and build economic resilience against climate challenges. The ministry has already authorized 25 companies responsible for mandatory energy audits. It has expressed commitment to supporting companies wishing to join this ecosystem and contribute to building a more sustainable economy. As a wholly-owned subsidiary of CDG Developpement, INEE's new status reflects the CDG Group's involvement in energy transition and territorial development in Morocco. Tags: Energy Services CompanyEnergy transitionESCO
Ya Biladi
21-05-2025
- Business
- Ya Biladi
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.
Morocco World
20-05-2025
- Business
- Morocco World
Morocco Grants First ESCO Authorization to Boost Energy Efficiency
Doha – Morocco's Ministry of Energy Transition and Sustainable Development has issued the country's first Energy Services Company (ESCO) authorization. This development implements Decree No. 2-24-153, applying Law No. 47-09 on energy efficiency published in the Official Bulletin last November. This authorization represents an important step in operationalizing the regulatory framework for energy efficiency. It builds on the ministry's ongoing efforts, including the decree on accreditation of organizations responsible for mandatory energy audits, which has already authorized 25 companies. ESCOs are a new generation of energy specialists designed to transform how buildings and facilities manage energy consumption. These companies provide comprehensive services, including energy audits, system design, implementation of efficiency measures, and ongoing monitoring. Their business model centers on energy performance contracts where payment is directly linked to actual energy savings achieved, reducing financial risk for clients. Through these performance-based contracts that connect ESCOs to their clients through measurable targets, these companies will actively work to cut energy consumption and optimize usage across various sectors including industrial, commercial, and residential buildings. Through energy performance contracts that bind ESCOs to their clients based on measurable objectives, these companies will actively help reduce energy consumption and optimize usage across various sectors. Energy efficiency is now recognized as a major driver of job creation in the sector. New careers are emerging, ranging from energy maintenance to home automation. This new regulatory framework aims to foster the development of a national ecosystem of specialized companies while promoting skills training and creating high-value economic opportunities. The Ministry reaffirmed its commitment to supporting any company wishing to join this ecosystem and contribute to building a more sustainable and energy-efficient economy. Tags: Energy Services CompanyEnergy transitionESCO
