OCP Green Water (OGW) has secured funding of 6 billion dirhams, approximately 620 million dollars, to support the development of new desalination capacity. This fundraising, conducted with institutional partners and led by CDG Capital, is part of the OCP Group’s strategy to sustainably secure its water resources and meet the growing demand for unconventional water.
The project will enable OGW to achieve a production capacity of 630 million cubic meters of desalinated water by 2030. This production is primarily intended to cover the OCP Group’s future needs for its industrial activities while also contributing to the water supply for surrounding urban and agricultural areas, amidst increasing scarcity of conventional water resources.
The operation is part of the strategic partnership between CDG Group and OCP Group, aiming to deploy financing solutions tailored to OCP’s new operational model, particularly through capital markets. It also illustrates CDG Capital’s commitment to supporting impactful economic and environmental projects.
Beyond the scope of OCP Green Water, this fundraising aligns with the overarching strategy of CDG Group, which actively supports national initiatives to secure water supply and promote responsible and sustainable water resource management.
Conducted as a private placement with qualified institutional investors, the operation received approval from the Moroccan Capital Market Authority (AMMC), confirming its compliance with the current regulatory framework.