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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.