Agadir – Morocco has been identified as one of the primary markets targeted by a proposed $200 million African energy transition fund to finance renewable energy and other low-carbon infrastructure projects across the continent.
According to an Environmental and Social Management System (ESMS) assessment by the African Development Bank (AfDB), the African Transition Acceleration Fund (ATAF) is targeting $200 million (MAD 1.85 billion), with a hard cap of $300 million (MAD 2.78 billion). The fund will be managed by African Infrastructure Investment Managers (AIIM), an established African infrastructure investment manager.
ATAF plans to invest in 10 to 15 projects over a five-year investment period, with individual investments typically ranging from $10 million (MAD 92.7 million) to $45 million (MAD 417.2 million). The fund will have a 10-year investment horizon, with the possibility of three additional one-year extensions subject to approval by its Limited Partner Advisory Committee.
Morocco is listed among ATAF’s 13 primary investment markets, alongside Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Namibia, Nigeria, Senegal, South Africa, Tanzania, Uganda, and Zambia.
The fund’s investment strategy is organized around three main themes. These include renewable energy generation, battery energy storage systems, electricity transmission, energy efficiency, and power-to-X technologies.
A second focus area covers green hydrogen, green ammonia, biofuels, biomethane, biogas, and related technologies. The third targets electric mobility, electric vehicle fleets, and charging infrastructure.
The AfDB assessment said ATAF is designed to provide early-stage development and growth capital to infrastructure platforms and growth-stage companies to scale commercially viable energy transition investments across Africa.
The fund seeks to address what the AfDB describes as a critical financing gap for Africa’s energy transition by directing capital toward sectors where private investment remains limited, while targeting competitive financial returns alongside measurable climate, environmental, and social outcomes.
