Ashurst with lenders MASEN and Bank of Africa on solar power plants projects
Ashurst advised Moroccan Agency for Sustainable Energy (MASEN) and Bank of Africa in connection with their role as senior lenders in the financing of six photovoltaic solar power plants across various regions of the Kingdom. The sites in question are located in Aïn Béni Mathar (Jerada Province), Boudnib (Errachidia Province), Bouanane (Figuig Province), Enjil (Boulemane Province), Tata (Tata Province), and Tan-Tan (Tan-Tan Province).
The financing of the program combines concessional financing provided by KfW and the European Investment Bank, as well as commercial financing provided by Bank of Africa.
The Ashurst team
Managing partner Ouns Lemseffer (pictured) led the Ashurst Casablanca team on the matter, working alongside senior associate Meriem Komiha, who handled the structuring of the financing documentation, and associate Silvija Jurgsaityte, overseeing the due diligence review of the project documentation. Associate Yasmine Hitane was also involved in all aspects of the project through to financial close, assisted by junior associate Lilian Decot.
