Is Morocco preparing to launch a 1.6 GW Bess project?

Morocco is preparing to launch a massive foray into clean energy with its ambitious 1.6 GW BESS projects. The National Office for Electricity and Drinking Water (ONEE) is expected to invite tenders for battery energy storage systems (BESS) totaling nearly 1,600MW.

How much did Morocco invest in a battery factory?

In June, the Moroccan government signed an investment agreement with Gotion for a battery factory with a total investment of 12.8 billion dirhams ($1.3 billion) and an initial battery capacity of 20 GWh.

How much money will gotion invest in Morocco?

On November 13, Gotion signed a memorandum of understanding with Moroccan investment agency CDG Group, which plans to invest 300 million euros ($280 million) in the first phase of Gotion's Moroccan project, according to an announcement today.

Will CDG support gotion's project in Morocco?

CDG, Morocco's largest public financial investment institution, will support Gotion's operations of the project in Morocco. The first phase of the project, which covers power batteries, energy storage batteries and cathode and anode materials, is expected to directly create more than 2,000 local jobs, Gotion said.

What are Morocco's Bess projects?

Morocco’s 1.6 GW BESS projects represent a key step in its clean energy ambitions. The facilities will electrify key urban areas and firm up the grid. Although the initial focus is in the northwest, the government aims nationwide. Furthermore, the projects align with Morocco’s ambitions to generate 52% of its electricity from renewables by 2030.

Will gotion be a benchmark for energy transformation in Morocco?

Gotion's chairman, Li Zhen, said the company will bring its advanced production lines, technology, and management to Morocco and work with CDG to make this project a benchmark for energy transformation in Morocco.