Morocco Emerges as Green Tech Hub: Chinese Billions Fuel Clean Energy Boom

The report titled "China’s Green Leap Forward: The Rapid Expansion of Chinese Investment in Clean Tech Manufacturing" states that Morocco "ranks first in terms of total Chinese investment in clean technologies, mainly due to large-scale investments in battery materials, supported by its significant phosphate reserves, as well as in green hydrogen. Its proximity to Europe, combined with trade agreements and favorable industrial policies, make it an increasingly strategic location for Chinese green technology manufacturers seeking to expand their access to the EU market".

The document notes a rapid increase in foreign investments by Chinese companies specializing in green technologies, specifying that "since 2022, investments have exceeded $220 billion US, covering sectors such as batteries, solar energy, wind energy, new energy vehicles (NEVs) and green hydrogen". The Johns Hopkins University Industrial Policy Lab added that "battery materials manufacturing has become the most important sector for Chinese investment in green technologies. Considering the 2025 agreements, the announced commitments exceed $62 billion, although the sector has slightly fewer projects than solar energy".

"ASEAN countries host the largest number of projects; however, the share of the Middle East and North Africa has increased in 2024 to over 20% of new transactions, while over 75% of projects are concentrated in countries in the South or emerging markets," the report further states, stressing that one of the main drivers of Chinese investment in a country lies in its ability to access the markets or raw materials of that country or third countries.