PVTIME – Morocco has formally signed a major investment agreement with the US-based company GPM Holdings to develop a new polysilicon production facility in the Tan-Tan region.
The total investment is valued at 8 billion Moroccan dirhams (around $800 million). The project will create 1,500 direct jobs and over 2,000 indirect roles, and will have an annual production capacity of 30,000 tonnes, 85% of which is earmarked for the international market.
As a core material for solar panels, its development closely aligns with Morocco’s national renewable energy strategy, having been designated a national strategic project by the National Investment Commission in February 2024. The project’s primary objectives are to strengthen the solar energy value chain, improve panel module manufacturing capabilities, and establish Morocco as a leader in the global energy transition. This development represents a notable breakthrough for the Middle East and North Africa in the upstream industries of new energy, given that China currently accounts for over 90% of global polysilicon capacity.
A supporting protocol outlines commitments to local assistance, regional economic integration, and industrial ecosystem development, as well as targeted training for young talent in collaboration with educational institutions. According to the Ministry of Investment and Policy Evaluation, the project upholds King Mohammed VI’s directive on productive investment, easing employment pressures, reducing regional development disparities, and boosting growth in Morocco’s southern provinces.
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