Image: Ministry of Investments, Convergence and Public Policy Evaluation of Morocco
Moroccan Minister Karim Zidane has signed an investment agreement with GPM Holding Group to set up a polysilicon production plant in Morocco.
Under the terms of the agreement, the polysilicon plant will be located in the Al-Watiya industrial zone in the southwestern province of Tan-Tan. Local press has reported that GPM Holding, a Morocco-based solar energy company, has pledged $800 million for the facility.
According to a statement from the Moroccan Ministry of Investments, Convergence and Public Policy Evaluation, the plant will have a production capacity of up to 30,000 tons per year, of which 85% will be for export to international markets. The project is expected to create 1,500 direct jobs and 2,000 indirect jobs.
“This promising investment will contribute to consolidating Morocco’s leadership in renewable energy and the development of associated industrial value chains, especially with regard to the production of solar panel components, strengthening the Kingdom’s position as a key factor in the global energy transformation path,” the ministry said.
There is also an institutional cooperation protocol for the project, signed between the ministry, GPM Holding, Tan-Tan Province and the Wilaya Administrative Region of Guelmim-Oued Noun, in an effort to support the development of an industrial ecosystem and local training efforts.
The polysilicon project was classified as of strategic importance by Morocco’s National Investment Commission in February 2024.
Earlier this month, a study by the Rabat-based Imal Initiative for Climate and Development found that Morocco could develop a $31 billion solar market.
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