PVTIME – According to reports from Moroccan outlet Lavieeco, Morocco’s Minister-Delegate for Investment, Public Policy Coordination and Evaluation, Karim Zidane, and the CEO of US-based GPM Holding signed an agreement in Tan Tan, a key city in Western Sahara, on 22 November. The US firm plans to invest around USD 800 million in building a polysilicon plant dedicated to producing solar photovoltaic modules.
The facility will have an annual production capacity of 30,000 tonnes, around 85% of which is intended for export, and it is expected to generate approximately 3,500 direct and indirect jobs. Designated a strategic project by Morocco’s National Investment Commission in February 2024, the development is a key part of the country’s renewable energy and energy transition strategy. Once operational, it will strengthen the localisation of the solar industrial chain and reinforce Morocco’s status as a global production and supply platform for the energy transition.
Alongside the investment agreement, an institutional cooperation pact was signed by Morocco’s Ministry of Investment, the Regional Council of Guelmim Oued Noun, the Prefecture of Tan-Tan, and GPM Holding. This covers support for project implementation, the development of an integrated local industrial ecosystem, and the enhancement of workforce quality and employment capacity in the southern region through vocational training partnerships for local youth.
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