New Jersey-based company Nano PV Global is planning to invest $181 million in solar energy in the port city of Tangier, on the Strait of Gibraltar, reports say.
The American company is planning to set up a solar energy plant in Tangier by the end of the year, Moroccan L’Economiste newspaper reports.
The future plant to cost $182 million will generate 660 jobs by it full completion.
Nano PV Global is a leading global company specialized in making solar panels and highest energy delivery.
The company, according to L’Economiste, has chosen the city of Tangier for specific reasons namely the city’s logistical assets, such as the Tanger-Med port, known as one of the largest ports on the Mediterranean and in Africa.
Morocco is a suitable investment environment for Nano PV Global for its orientation towards promoting green and sustainable energy.
Nano PV Global is not the only company targeting Morocco’s market and the city of Tanger. Siemens earlier this year announced construction of solar energy plant of wind-generator blades, to cost €110 million.
