Marrakech — ICIEC, as a multilateral credit and political risk insurance corporation, plays a catalytic role in facilitating Renewable Energy projects in its member countries.

On the margins of COP22, which took place in Marrakech, Morocco, on November 15, 2016, ICIEC organized a high panel discussion (HPD) under the theme “ECA Risk Mitigation in Renewable Energy Investments”. The side event offered a valuable opportunity to showcase the benefits extended by ICIEC in cooperation with its partners to Host Countries, Investors, Lenders and Contractors involved in renewable energy Projects.

“Facilitating the financing of Renewable Energy projects in our member countries will play an important role in mainstreaming climate investments by developing innovative and scalable pilot projects, and investing in renewable energy projects,” said Mr. Oussama A. Kaissi, Chief Executive Officer of ICIEC.

ICIEC has an important role in boosting the flow of such important investments in the Member Countries by offering to the foreign investors coverage against the political risks. This coverage is an essential tool of risks mitigation, which encourage equities holders and lenders to participate in the Renewable Energy projects.