Wednesday, Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) revealed that its German solar photovoltaic partner Asola reached an exclusive agreement to form a joint venture in Morocco.
Under the contract, Asola and the Moroccan partner, Majdaline Holding will implement a solar module manufacturing facility, with an initial capacity of 30 MW solar modules, and with a potential to generate revenues in excess of $100 million annually in Casablanca.
The company noted that Asola would hold a controlling stake in the joint venture.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.