- 17:25Morocco's University Enrollment Soars to 1.3 Million as Medical Education Debate Intensifies
- 17:15Diplomatic Efforts Amid Escalating Tensions: Blinken's Visit to Israel and Lebanon
- 17:00Morocco Secures Strategic Gas Supply Through ONHYM-ONEE Pipeline Agreement
- 16:45Harris and Cheney Unite: A Bipartisan Appeal in the Final Stretch of the Presidential Race
- 16:10Morocco's Sacred Recovery: Over 1,150 Earthquake-Damaged Mosques to Welcome Worshippers for Ramadan
- 16:00Tragic End: Liam Payne's Untimely Death Linked to Drug Use
- 15:20Morocco Advocates for Digital Equity at Global AI Conference, Highlighting Africa's Tech Gap
- 15:00King Charles and Queen Camilla Conclude Australian Tour with Enthusiastic Public Engagements
- 14:40Pizza with a Dangerous Twist: Düsseldorf Restaurant's Secret Menu Item Leads to Drug Bust
Follow us on Facebook
China's Aeolon Invests €220M in Moroccan Wind Farm, Boosting Renewable Energy
China's Aeolon is making waves in Morocco's renewable energy sector with its groundbreaking €220.8 million investment in a wind turbine blade factory. This move signals a significant vote of confidence in Morocco's potential to lead sustainable power production across Europe, Africa, and the Middle East.
Scheduled to commence operations by the end of 2024, the expansive Nador facility is expected to employ over 3,300 individuals, churning out 600 sets of blades annually for both offshore and onshore wind farms. Aeolon anticipates an annual revenue of €626 million from this venture.
Positioned strategically in Morocco, the factory capitalizes on the country's advantageous location for cost-effective distribution to European and MENA markets. This strategic advantage is further enhanced by Morocco's participation in China's global trade initiative and domestic incentives that have attracted numerous investments in green energy.
According to an Aeolon spokesperson, Morocco's stable climate, robust support infrastructure, and access to skilled human resources make it an ideal hub to cater to the burgeoning regional demand for renewable energy. Minister Mohcine Jazouli echoed these sentiments, highlighting the project's potential to create jobs and stimulate economic growth beyond the city of Nador.
Set to be operational by January 2025, industry analysts view this state-of-the-art plant as a pivotal moment in Morocco's renewable energy journey. Approved as one of the first major projects under the kingdom's new investment charter, Aeolon's significant investment paves the way for Morocco to solidify its position as a global leader in sustainable power generation.
