Will Saudi Arabia build a 500MW wind power plant in Morocco?
The Saudi Arabian power producer and developer has signed a joint development agreement with Gotion Power, Chinese battery manufacturer Gotion High-Tech’s subsidiary in Morocco, for a 500MW wind power plant with 2,000MWh of battery energy storage system (BESS) technology.
How much does a new EV battery Gigafactory cost in Morocco?
The project will feed energy to Gotion Power’s new electric vehicle (EV) battery gigafactory in the northwestern Moroccan city of Kenitra. The renewables-plus-storage plant has an expected investment cost of around US$800 million, ACWA Power said.
What is gotion power Morocco?
The Moroccan project, led by Gotion’s wholly-owned subsidiary Gotion Power Morocco S.A., will be located in the Rabat region. Designed for phased development over five years, it aims to integrate battery cell production with a localized raw material supply chain, leveraging Morocco’s strategic industrial base and regional advantages.
Can Morocco be a leader in EV battery manufacturing?
The investment is the first of its kind in Africa and the Middle East and represents Morocco’s push to be a leader in EV battery manufacturing. The gigafactory will create around 17,000 direct and indirect jobs, including 2,300 highly skilled positions.
How much does gotion Power Invest in Morocco?
The total investment is estimated at CNY19.1 billion ($2.63 billion). The Moroccan project, led by Gotion’s wholly-owned subsidiary Gotion Power Morocco S.A., will be located in the Rabat region.
Will Morocco be the first battery Gigafactory in the Middle East?
The Moroccan government noted that this would be the first battery gigafactory in the entire Middle East and Africa region, supporting the country’s shift to electrification of transport and creating economic opportunities.
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