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.

What is ACWA Power & gotion high-tech doing in Morocco?

The project includes a 500-megawatt (MW) wind power plant paired with a 2,000 megawatt-hour (MWh) energy storage system Acwa Power has partnered with Gotion High-Tech’s Moroccan subsidiary to launch an $800 million wind power project, aiming to drive Morocco’s electric vehicle (EV) battery production forward.

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.

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.

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.

How many jobs will Morocco's new EV battery plant create?

The facility is expected to create 17,000 direct and indirect jobs, including 2,300 highly skilled positions, and export roughly 85% of its output, strengthening Morocco’s role as an emerging EV battery production hub.