Chinese Aeolon’s first overseas plant, based in Nador Industrial Acceleration Zone (North of Morocco), will be operational by the end of 2024, as per the company’s press release.
The project, which will cover 50 hectares for 1.749 billion RMB (approximately 220.8 million Euro), represents an important step in the company’s venture in European, African, and Middle Eastern wind power markets.
Aeolon Morocco capitalizes on the country’s strategic advantages, such as low transportation costs, proximity to major markets, and government policy support.
With an annual production capacity of 600 sets of wind turbine blades, the plant aims to fill a supply gap in Europe and America. The new company is expected to employ 3,332 people and generate 626 million Euros in revenue.
The Moroccan plant will be one of the largest wind turbine blade production sites in Europe, Africa, and the Middle East, showcasing Aeolon’s commitment to increasing its global market share and improving supply chain capabilities.
The project will help promote sustainable energy and local economic development, strengthening Morocco’s position as a leader in renewable energy.