Morocco: British investors prospecting in Dakhla, a megaproject already planned

The British firm plans to launch in Dakhla, a province of Morocco, twenty projects on a total area of 200,000 hectares, for a total amount of 28 billion dollars, learned the AIB from the online media Le360.

These projects cover:

– a 2.4 GW to 6 GW solar panel assembly plant per year: 500 million dollars and 550 jobs.

– a green hydrogen/green ammonia synthesis: 4.4 billion dollars and 250 jobs.

– a seawater desalination plant of 5,000 to 10,000 m2: 68 million dollars and 36 jobs.

– a solar photovoltaic and wind power plant with energy storage: 13 billion dollars and 1,200 jobs.

– a green glass manufacturing plant: 145 million dollars and 168 jobs. – a lithium battery manufacturing plant: 850 million dollars and 550 jobs.

– Manufacturing of wind turbine blades and masts on site: 870 million dollars and 385 jobs.

– a lithium battery production plant: 7.4 billion dollars and 250 jobs.

An identical amount, i.e. 28 billion dirhams, is scheduled for around twenty other projects in Laâyoune, in the municipality of El Marsa:

– a solar panel factory: 500 million dollars and 550 jobs.

– a new deep-water port capable of handling ISO containers and green hydrogen/green ammonia in bulk: 690 million dollars and 56 jobs.

– a green hydrogen/green ammonia synthesis: 4.4 billion dollars and 250 jobs.

– a seawater desalination plant of 5,000 to 10,000 m2: 68 million dollars and 36 jobs.

– a solar photovoltaic and wind power plant with energy storage: 13 billion dollars and 1,200 jobs.

– a green glass manufacturing plant: 145 million dollars and 168 jobs.

– a lithium battery manufacturing plant: 850 million dollars and 550 jobs.

– Manufacturing of wind turbine blades and masts on site: 870 million dollars and 385 jobs.

– a lithium battery production plant: 7.4 billion dollars and 250 jobs.

The promoters of the Oblin project highlight the importance of local industrial integration.

“The solar panels will be built in Morocco, without depending on imports from China and Southeast Asia”, insists the interlocutor of the media Le360.

Better, he adds, the land needs of the project are of a similar scale to those of the Xlinks project (150,000 hectares) but Oblin Green produces five times the energy promised by the Xlinks startup.

On the financing side, Le360 has learned that contacts have been established with the Crédit Agricole du Maroc group, which would have liked to enter into a consortium with other local banks.

The Oblin group ensures that its project is attracting the interest of investors from the United States, Canada, Asia and Oceania, and says it is open to any other financing option (equity contribution, debt, etc.).

Finally, it should be noted that these projects are still at the intention stage, like the other megaprojects announced in recent months by the world giants of renewable energies (Total Eren, Xlinks, CWP, Adani, etc.). Their realization will depend on the negotiations in progress (or to come) with the Moroccan authorities.

Source: Burkina Information Agency

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