Invest in the infrastructure shaping Morocco tomorrow.

Qudwatt is an investment structure designed to broaden access to the assets that produce the Kingdom’s electricity — from private wealth clients to professional investors, in Morocco and across the diaspora.

Under the leadership of His Majesty King Mohammed VI, Morocco is accelerating its energy and industrial transformation. Qudwatt aims to contribute to this momentum by creating a complementary channel for financing the productive economy.

Accessible from MAD 10,000

Explore the references →Discover the model

Prototype: the operations and investment terms presented are illustrative. Actual access will depend on the applicable regulatory framework.

Qudwatt at a glance

A new gateway to productive investment.

Return-oriented

Each simulated transaction is designed to generate a return for investors while supporting the economic and territorial benefits created by the infrastructure financed.

Tangible

Each investment is linked to an identifiable infrastructure asset, a territory, a technology and a real economic need.

Multi-investor

Private wealth clients, diaspora investors, companies, family offices and professionals may access tranches tailored to each transaction.

References & simulations

See what Qudwatt could make investable.

Real Moroccan assets are used to illustrate different investment structures. The financial parameters shown are simulated and do not constitute an offer.

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Complexe solaire NOOR Ouarzazate au Maroc

Strategic solar assetIllustrative image

Region · Drâa-Tafilalet

NOOR Ouarzazate IV

Masen · ACWA Power

Photovoltaic component of the NOOR Ouarzazate complex, one of the Kingdom’s flagship solar developments. A long-term asset at the heart of Morocco’s energy strategy.

Public source ↗Qudwatt simulation

Instrument Bullet bond

Interest rate 6.8% gross p.a.

Term 4 years

Return Annual interest

Principal 100% at maturity

Simulated complementary tranche (Qudwatt)28,6 M / 40 M MAD

72% raisedAlongside banking and institutional financiers

Complexe solaire hybride NOOR Midelt au Maroc

Large-scale hybrid infrastructureIllustrative image

Region · Drâa-Tafilalet

NOOR Midelt I

Masen · EDF Renewables · Masdar · Green of Africa

A project combining photovoltaics, concentrated solar power and storage, designed to provide more flexible and dispatchable renewable generation. It illustrates the technological upgrade of Morocco’s energy strategy.

Public source ↗Qudwatt simulation

Instrument Unlisted equity

Target return 9.0% target IRR

Term 6 years

Return Capitalised return, paid at maturity

Principal Principal paid at maturity

Simulated complementary tranche (Qudwatt)34,8 M / 50 M MAD

70% raisedAlongside banking and institutional financiers

Mature, contracted wind assetIllustrative image

Region · Laâyoune-Sakia El Hamra

Tarfaya wind farm

Nareva · ENGIE

A 301 MW wind farm operating on Morocco’s Atlantic coast. Its long-term contractual framework with ONEE makes it an example of a mature and stabilised renewable asset.

Public source ↗Qudwatt simulation

Instrument Amortising bond

Interest rate 7.2% gross p.a.

Term 5 years

Return Annual interest

Principal Progressive principal repayment

Simulated complementary tranche (Qudwatt)46,2 M / 60 M MAD

77% raisedAlongside banking and institutional financiers

Qudwatt Observatory

Two transformations to connect: energy and savings.

The Kingdom’s electricity consumption is accelerating, driven by industry, desalination and households, while record domestic savings remain concentrated in bank deposits. The Observatory brings these two trends into perspective.

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46,1 %of installed power capacity was renewable at the end of 2025, with a target above 52% by 2030.

1 030 Md MADin household bank deposits at the end of June 2026, including MAD 233bn held by Moroccans living abroad.

Why now

Four developments make the model relevant.

An industrialising country consumes more electricity. More generation therefore requires more investment — while abundant domestic savings remain only partially directed towards the productive economy.

Electricity demand

+7,3 %

Electricity is the foundation of every emerging economy.

Electricity demand rose by 7.3% in 2025, after 3.9% in 2024. Factories and gigafactories, desalination plants, better-equipped households and major sporting events all translate industrial and social progress into additional kilowatt-hours. An agreement signed at the end of 2025 alone provides for 5 GW of green electricity for Moroccan industry by 2030.

Generation capacity

+11,6 GW

The power fleet must almost double by 2030.

Solar, wind, storage and grids: ONEE’s investment plan adopted in July 2026 totals MAD 248bn, of which 72% is expected to be financed directly by the private sector. This is where the capital requirement lies.

Domestic savings

1 030 Md MAD

Record savings with limited returns.

Household deposits exceeded one trillion dirhams in 2026, including MAD 233bn from the diaspora. Depending on the product, these deposits earn roughly 1.8% to 2.6%. The challenge is to open additional destinations for these savings.

Diversification

Real assets

Diversify while taking part in Morocco’s strategic development.

Beyond property and listed markets, infrastructure investment can direct part of one’s savings towards real assets that strengthen the Kingdom’s energy autonomy, competitiveness and economic transformation.

Qudwatt’s role Create a clear bridge between savings, investment and the Kingdom’s strategic infrastructure.

A changing regulatory framework. Law 82-21 on electricity self-generation (Decree No. 2.25.100, effective June 2026) enables self-consumption and the resale of surplus power (up to 20% of generation, with tariffs set by ANRE). It is another signal of Morocco’s electricity sector opening further to private initiative.

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One platform, several access routes

Open productive investment without opposing digital channels and traditional networks.

Qudwatt is designed as a structure enabling anyone to invest in a fast-growing strategic sector — with a self-directed experience for those who want it and, over time, complementary distribution channels through financial partners.

Self-directed investment from MAD 10,000, subject to each transaction’s eligibility and the applicable regulatory framework.

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Private wealth clientsGradually access identified productive assets.

Moroccan diasporaHelp finance tangible infrastructure in Morocco.

Companies & professional investorsDiversify an allocation towards unlisted energy assets.

Financial networksOver time, distribute selected offerings to their clients within a dedicated framework.

Diversification

Diversify your wealth while investing in Morocco’s energy future.

Energy infrastructure offers another form of real asset: productive installations serving long-term structural needs, with measurable environmental, economic and territorial impact. It provides a way to diversify beyond real estate and listed markets while directing capital towards Morocco’s energy transformation.

View the investment journey →

Energy infrastructure

Real, productive assets — infrastructure that generates energy and economic cash flows.
Operating-linked revenues — performance linked to the project’s operations and life cycle.
Long-term horizon — assets designed to serve durable structural needs.
Measurable impact — contribution to the energy transition, local development and the Kingdom’s resilience.

The origins of Qudwatt

Experience built at the intersection of infrastructure finance, financial distribution and institutional dialogue.

The experience behind Qudwatt was built in particular at Lendopolis, a recognised European renewable-energy investment platform, through transactions across solar, wind, storage, batteries, hydropower and biogas.

This background represents more than €320 million of transactions supported and exposure to several landmark European energy projects, working alongside leading developers, private and professional investors, banking networks and institutional partners.

In Morocco, this experience is part of a broader reflection on how savings can be mobilised for the energy transition and productive investment, through discussions with several institutional and regulatory stakeholders in the Kingdom.

+€320 millionof transactions supported

France ↔ Moroccooperational and institutional experience

Explore the journey →