Aeolon builds the first overseas MW wind turbine blade production base in Morocco

Aeolon plans to start construction of its first overseas plant in Morocco, aiming to create a wind turbine blade production base for markets in Europe, Africa and the Middle East. The project is located in Morocco's Nador （Betoya） Industrial Acceleration Zone, covering an area of 50 hectares, with a total investment of 1.749 billion RMB(about 220.8 million Euro). The annual production capacity is expected to reach 600 sets of blades, planned to hire 3,332 employees and expected to reach a revenue of 626 million Euro.

The project has completed the signing of an investment agreement with the Moroccan government in October 2023, is scheduled to start construction at the end of 2023, and expected to complete construction and put into operation at the end of 2024. This marks the official launch of Aeolon's ambitions in Morocco, injecting new impetus into the future development of the wind power industry.

Aeolon (Morocco )fully relies on Morocco’s advantages, including but not limited to:

Low Transportation Costs: close to Europe and Middle East, which helps Aeolon achieve nearby production, supply and service.

v  Supply Gap: Both Europe and America area have a great demand for blades.  Aeolon(Morocco) could fill this gap.

v  Policy Support: Morocco has actively participated in China’s “Belt and Road” economic policy and adopt a number of incentive policies, providing a good environment for company development.

v  Location: Morocco is strategically located and connected to the markets of the European Union, the Middle East and Africa.

v  Stable Economic Environment: Morocco has attracted a large amount of foreign investment because of the stable environment.

v  New Energy Policy Support: Morocco government strongly encourage the development of new energy project and industries.

v  High-Quality Human Resources: Morocco has rich labor resources and high-quality talents, and the government has provided a number of preferential policies and training opportunities to olve the employment problem.

Once completed, the plant is expected to become one of the largest wind turbine blade production sites in Europe, Africa and the Middle East, providing strong support to meet the growing demand of the wind power market in this region.

This move is one of the key measures to expand Aeolon’s global market share, improve its supply chain and service capabilities, and is also an important strategic layout for the future development of sustainable energy industry. The landing of this major project indicates the further rise of Morocco in the field of new energy, and will also create more opportunities for local economic development and employment, indicating the further rise of Morocco in the field of new energy.

Aeolon Renewable Energy (Morocco) Limited company was registered and set up an office in Nador City in May 2023,.

President Li Chuansheng visited Mr. Mohsin Jezouli, Ministerial representative of the Head of Government of Morocco.

Mr. Ni Minghua was met and photographed with Chairman Zhao Leji of National People's Congress Standing Committee during his visit to Morocco.

Land leveling of Morocco plant started on Oct 3^rd 2023

Nodex team visited Aeolon Renewable Energy (Morocco) Limited Company.

Design effect picture of Aeolon (Morocco) MW blade factory.