On December 2, 2025, the Japan Bank for International Cooperation (JBIC) held a meeting with the Ministry of Energy Transition and Sustainable Development (Ministère de la Transition Énergétique et du Développement Durable, MTEDD) of the Kingdom of Morocco to promote energy transition in the country. The meeting is based on a Memorandum of Understanding (MOU) signed by JBIC and MTEDD in November 2024, which aims to strengthen cooperation toward energy transition and sustainable development, taking the opportunity of COP29*1. It also seeks to explore opportunities for Japanese companies to participate in projects contributing to Morocco’s energy transition.
On the day of the meeting, approximately 35 participants attended from JBIC, MTEDD, and six Japanese companies.
Following an introduction to Morocco's energy policy by MTEDD, Japanese companies interested in the cooperation areas defined in the MOU gave presentations on the solutions they could offer. These cooperation areas include renewable power generation, transmission and distribution, decarbonization of industrial supply chains, energy efficiency, development of climate-resilient infrastructure, sustainable waste management in the context of the circular economy, development of international integrated hydrogen and ammonia supply chains, as well as AI, semiconductors, and digital infrastructure. In addition, JBIC introduced financial schemes available to support future project development by Japanese companies, along with its track record in other countries. The meeting concluded with an interactive Q&A session, providing an opportunity to exchange views toward the structuring of specific projects.
The government of Morocco has promoted industrial decarbonization with the announcement of the National Low Carbon Strategy 2050 in 2023. It has set a goal to phase out coal-fired power generation in the 2040s and to increase the share of renewable energy from 45% in 2025 to 96% by 2050. At the meeting, MTEDD expressed its expectations for Japanese companies to contribute to the Ministry’s energy transition goals through investment and equipment exports.
As Japan’s policy-based financial institution, JBIC will continue to actively leverage its strong relationships with the governments, government agencies, and local companies in host countries to create business opportunities for Japanese companies operating in those countries. Through these efforts, JBIC aims to contribute to global environmental conservation and the promotion of sustainable development.
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