Morocco is building a polysilicon production plant with an annual output of 30,000 tons

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According to foreign media reports, on November 24, Moroccan Minister Karim Zidane signed an investment agreement with GPM Holdings Group; the two parties will build a polysilicon production plant in Morocco with an annual output of 30,000 tons. Under the terms of the agreement, this polysilicon plant will be built in the Ouarzazate industrial zone in the Tantan province in southwestern Morocco, with an annual production capacity of up to 30,000 tons, of which 85% will be exported to international markets. Local media reports also indicate that GPM Holding Group, a solar energy company based in Morocco, has pledged to invest $800 million (approximately 5.676 billion yuan) in this project. Meanwhile, the Moroccan Ministry of Investment, Integration, and Public Policy Evaluation stated that \"this promising investment will help consolidate Morocco’s leadership in the field of renewable energy and develop its related industrial value chains, particularly in the manufacturing of solar panel components.\" ” Earlier, in early November, a study by the Imar Initiative for Climate and Development based in Rabat indicated that Morocco has the potential to develop into a solar energy market worth $31 billion.