Synergy is proud to announce that the Casablanca IWP Project has successfully reached the final milestone of Financial Close process

от | Июл 11, 2025 | Новости

Synergy is proud to announce that the Casablanca IWP Project has successfully reached the final milestone of Financial Close process, with hedging arrangements executed earlier last week.

A first-of-its-kind desalination project in Morocco, the Casablanca IWP has been procured by @ONEE, the country’s public electricity and water utility, and will be developed under a public private partnership by a leading consortium comprising @Acciona and @Green of Africa.

With a gross capacity of over 838,000 m³ per day, this project will provide vital drinking water to the Casablanca-Settat region, reinforcing water security for Morocco’s largest urban center. It is not only Africa’s largest desalination plant, but also the world’s largest to be powered entirely by renewable energy, representing a total investment of €613 million. Commercial operation is expected to begin by end Dec 2026.

The project is financed by a strong group of lenders, including:

  • FIEM (through ICO)
  • Société Générale, with support from CESCE under the Green Investment Policy
  • Banque Centrale Populaire, Bank of Africa, and Attijariwafa bank
  • Caixa Bank

Synergy would like to extend its sincere thanks to all stakeholders whose commitment and collaboration made this milestone possible — marking a new benchmark for PPP desalination projects in the region.

ONEE Team:

  • ONEE Branche Eau – Tarik Hamane, Mohammed Serraj, Nawal Khalifa, Mohamed El Ouazzani, El Houssin Zidouri, Adil Hasnaoui, Rachid Belfqih, Brahim Ramdane, Farah Alami Aroussi
  • ONEE Financial Advisor – Синергия Консалтинг : Karim Benjelloun, Mahdi Harrouchi, Mickael Wanang, Pablo Santiago, Mehdi Benjelloun
  • ONEE Legal Advisor – MJB Consulting: Maria Bahnini, Abdellah Majidi
  • ONEE Technical Advisor – Conseil, Ingénierie et Développement (CID): Mohamed Moumine and the rest of the team

Sponsor Team:

  • Sponsors –  Acciona: Laura de Andres and the rest of the team
  • Sponsors – Green of Africa: Ahmed Nakkouch, Said El Hassak
  • Sponsor’s Financial advisor – Deloitte: Anass Nadem, Kiwan Kiwan, Karim Laraqui Houssaini
  • Sponsor’s Legal advisor – Clifford Chance: Ouns Lemseffer, Youssef Tork

Special mention to @Mahdi Harrouchi, @Michael Wanang, @Pablo Bouley de Santiago and @ Mehdi Benjelloun on Synergy side, as well as to @Karim Benjelloun for his leadership.