Search

US backs Morocco solar pivot with $870mn polysilicon play to loosen China’s grip

Solar farm. Photo by Michael Förtsch @ Unsplash
Solar farm. Photo by Michael Förtsch @ Unsplash
  • US approves early funding for Morocco polysilicon plant tied to solar and chips
  • Project targets China’s dominance over polysilicon used in solar supply chains

 

The United States has approved financing support for an $870mn polysilicon project in Morocco, underscoring a strategic push to diversify solar and semiconductor supply chains away from China.

The project, led by Morocco’s Sondiale SA, has received a $4.75mn pre-investment grant from the US International Development Finance Corporation (DFC) and could eventually draw up to $550mn in American-backed financing, signalling deepening US involvement.

Recent Business

Pile of gold bullion coins and bars. Photo by Zlaťáky @ Unsplash
DR Congo opens first gold refinery to enhance value addition
Read More »
Oil train. Photo by Jakub Pabis @ Unsplash
Iran war shock: Why Africa’s economies are suddenly in the firing line
Read More »
The Central Business District of Kigali, Rwanda. Photo by Andreas @ Pixabay
Rwanda’s Development Bank launches $17.7m sustainability-linked bond to deepen green finance
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights