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Why pay attention to the Moroccan solar pump market?

Why pay attention to the Moroccan solar pump market?

Update Time:2019-09-19


Q: Why pay attention to the Moroccan solar pump market?

A: From 2018 to 2024, Africa's solar pump system market revenue is expected to grow at a compound annual growth rate of 20%, and Morocco is undoubtedly one of the markets that deserves priority attention.

The 56 amendments to the Moroccan 2019 Financial Act state that sales of solar water pumps used in the agricultural sector will be exempt from VAT. And the Moroccan government is expected to invest $233 million in solar projects to serve agricultural growth. It is expected that Morocco will install a large number of pumps in the next few years.

 

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