OCP Green Water (OGW), a subsidiary of the OCP Group focused on non-conventional water production, has obtained MAD 6 billion (approximately USD 620 million) in financing. This funding was facilitated with the support of the Caisse de Dépôt et de Gestion (CDG) Group.
The fundraising, organised by CDG Capital, was conducted through a private placement aimed at qualified institutional investors. The operation received approval from the Moroccan Capital Market Authority (AMMC) and is intended to boost OCP Group’s desalination capabilities.
This financial move is in line with OCP Group’s broader sustainability strategy and its drive for greater industrial efficiency. OGW has set a target of reaching an annual desalinated water production capacity of 630 million cubic meters by 2030. This output would cover the Group’s entire non-conventional water needs while also supplying nearby cities and agricultural regions.
Through capital market mobilization, OGW secures favourable conditions to support its growth and enhance the Group’s independence in water sourcing.
The initiative also reflects CDG Group’s dedication to advancing Morocco’s water security and backing national efforts for sustainable water resource management.
“This financing marks a key milestone in our sustainable water strategy. It reinforces our shared commitment with CDG Group to take concrete steps toward strengthening Morocco’s water resilience,” said Mr. Ahmed Znibar, CEO of OGW.
“Today’s financing is fully aligned with CDG Group’s strategy to support its institutional partners in mobilizing financing for the development of strategic national projects, with a particular focus on securing water supply and promoting the responsible management of resources,” said Mr. Mehdi Bouriss, CEO of CDG Capital.
