HomeBusinessMorocco Secures Funding for Africa’s First Battery Gigafacto
Business

Morocco Secures Funding for Africa’s First Battery Gigafactory

The African Development Bank has approved a €100 million loan to launch an integrated lithium iron phosphate battery plant in the Rabat-Salé-Kénitra Free Trade Zone. This facility marks the first of its kind across Africa and the MENA region, positioning Morocco as a cornerstone of the global electric vehicle supply chain.

Morocco Secures Funding for Africa’s First Battery Gigafactory

Led by the Chinese manufacturer Gotion High-Tech, the project will initially produce 10 gigawatt-hours of battery cells and packs. Plans for future expansion target a capacity of 100 GWh, turning the site into a major hub for clean-energy technology. African Development Bank Vice President Kevin Kariuki emphasized that battery storage is vital for stabilizing grids reliant on solar and wind power, noting that the plant itself will operate primarily on renewable energy.

The venture is expected to generate 600 direct jobs while achieving a local industrial integration rate of 70 percent. By fostering a domestic ecosystem for engineering, logistics, and mineral processing, the project aims to keep the value of critical resources within the continent. This investment strengthens Morocco’s industrial ambitions and aligns with the bank's broader strategy to accelerate regional decarbonization and infrastructure development.

Comments (0)

Leave a comment

No comments yet. Be the first!