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Jet Energy lists at discount in Morocco

By , based on Telquel

Map: Morocco

Jet Energy, a Moroccan company specialising in solar power and storage, is listing on the stock exchange at a discount of 14% to 26%. The company has an order book worth 1.49 billion dirhams and is targeting a Moroccan solar market valued at 36 billion dirhams in 2030, according to TelQuel.

Jet Energy, a Moroccan company specialising in solar solutions, is listing on the stock exchange at a discount of between 14% and 26%, TelQuel reports. The company has an order book worth 1.49 billion dirhams and intends to use the operation to accelerate its development in Morocco’s solar market.

The Moroccan solar energy market is estimated at 36 billion dirhams by 2030. Jet Energy is presenting a cautious development plan, while its executives consider its valuation generous and want to share the company’s growth with investors, according to TelQuel.

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