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Table 4 Best case financing cost assumptions for specific RES-E technology investments in Morocco. Source: Own calculation based on [78,79,80,81,82,83,84,85,86,87,88], as well as personal discussions with developers (Masen, ACWA Power), International Technical advisory providers (Intec Gopa and Suntrace), and Moroccan Investment Banks (Upline Investment)

From: Morocco’s sustainable energy transition and the role of financing costs: a participatory electricity system modeling approach

Technology

Share of debt financing

Share of equity financing

Debt interest rate

Equity rate of return

(%)

(%)

(%)

(%)

CSP

86.00

14.00

3.1

14

Wind

80.00

20.00

4.0

14

Geothermal

80.00

20.00

4.0

20

PV

86.00

14.00

3.1

14

Biogas

80.00

20.00

4.5

15

Reservoir hydro

82.00

18.00

5.0

15

Pumped-hydro storage

80.00

20.00

4.0

20

Hard coal

79.30

20.70

4.0

15

Natural gas

75.08

24.92

4.0

12

Oil

79.30

20.70

4.5

15