TAQA Morocco and JBIC sign a Memorandum of Understanding to explore financing opportunities for renewable energy, water and infrastructures development projects
Casablanca, Morocco – December 1, 2025 : TAQA Morocco and Japan Bank for
International Cooperation (JBIC) have signed a Memorandum of Understanding to
study financing opportunities for power, water, and infrastructure projects to be
developed by TAQA Morocco by 2030.
This MoU between TAQA Morocco and JBIC focuses on the potential participation in
financing projects that will support decarbonization and diversification of TAQA
Morocco’s portfolio and contribute to Morocco’s sustainable development roadmap.
It will provide access to competitive financing conditions and timelines to accelerate
the implementation of these strategic projects, which are essential to strengthen the
domestic economy in terms of power and water supply and to achieve the Morocco’s
sustainability objectives.
Hiroyuki Suzuki Director General of New Energy and Power Finance Department
II, JBIC
«Strengthening JBIC’s partnership with TAQA Morocco will further advance Japan–
Morocco bilateral relations and support Japanese companies’ business activities in
the Kingdom of Morocco, while contributing to the country’s energy transition and
sustainable development. In addition, building on the longstanding and deep
relationships among Japan-Morocco-UAE, JBIC aims to foster enhanced strategic
collaboration on energy security across the MENA region through solutions
contributed by Japanese companies. »
Abdelmajid Iraqui Houssaini CEO and Chairman of the Management Board of
TAQA Morocco:
« TAQA Morocco is on track to sustainably transform its power capacities to reduce
carbon intensity and support the Kingdom of Morocco’s climate roadmap and industrial
competitiveness. JBIC’s contribution to financing these projects would be a major
asset given its experience in the national context through the multi-currency project
finance for the construction of Jorf Lasfar 5&6, amounting to USD 1.4 billion.»