Hareon Solar Technology Co Ltd. has agreed to form joint venture with Societe d'Investissement Energetique and JET Contractors for the development of solar products in Morocco. The joint venture company is known as Hareon Jet Solar SA. Under the terms, Hareon Jet Solar will manufacture and sell solar modules. Hareon Jet Solar is capitalized at MAD 300,000 (USD 31,597.5) and Hareon Solar Technology will hold 40% interest in the company.