Latest news with #EnergyServicesCompany
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
