Tag: north africa

Greening Energy Mix: <strong>Investments focus on increasing renewables in Tunisia</strong>

Greening Energy Mix: Investments focus on increasing renewables in Tunisia

February 15, 2023 |

To meet the increasing demand for electricity, enhance energy security and promote the use of cleaner energy resources to reduce carbon emissions over the next decade, the Tunisian government, in June 2022, raised its 2030 renewable energy target to 35 per cent from 30 per cent of power generation. The previous target was included in the renewable energy law of 2015. The new target translates to a renewable capacity addition of 4 GW during the 2022-30 period, a tenfold jump from the installed capacity of 472 MW as of March 2022.

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EIB and AllianzGIto invest $100 million in renewable energy

EIB and AllianzGIto invest $100 million in renewable energy

November 17, 2022 |

At the United Nations COP27 conference, the European Investment Bank (EIB) and AllianzGI have announced the mobilisation of $100 million to Alcazar Energy Partners II, a fund that facilitates the development, construction, and operation of renewable energy projects in the Middle East, North Africa, Eastern Europe, and Central Asia.

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Assessing EU plans to import hydrogen from North Africa

Assessing EU plans to import hydrogen from North Africa

May 18, 2022 |

Hydrogen is expensive to distribute via shipping and pipeline, which is why today the large majority of it is manufactured at the point of consumption. Realistically, is Europe going to be willing to pay that very significant price difference? North African governments and firms should therefore be wary of promises of large export markets for expensive to manufacture and ship green hydrogen, and the synthetic fuels made from it.

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Algeria to launch tender for 1 GW of solar power projects

Algeria to launch tender for 1 GW of solar power projects

October 1, 2021 |

The energy ministry of Algeria has announced its plans to invite tenders for the deployment of 1 GW of solar energy projects. The tender is expected to be launched by the end of October 2021. The tender is likely to conclude with prices ranging from DZD 5 per kWh to DZD 7 per kWh.

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EBRD to provide a $4.2 million loan for a corporate PPA-based solar project in Egypt

EBRD to provide a $4.2 million loan for a corporate PPA-based solar project in Egypt

December 14, 2020 |

The European Bank for Reconstruction and Development (EBRD) is providing an initial $4.2 million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary. This loan will support one of the first green private-to-private projects in the country and is part of a financing package of up to $10 million to expand TAQA Arabia’s private-to-private renewable energy business.

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Renewable energy potential in North Africa remains largely untapped: IEA

Renewable energy potential in North Africa remains largely untapped: IEA

September 22, 2020 |

As the necessity of energy system transformation gathers pace at a global level, North African countries are increasingly making efforts towards their respective clean energy transitions. Clean energy transitions offer opportunities for North African countries to transform their energy infrastructure in ways that can meet the region’s growing energy demand, create much-needed jobs and promote equitable socio-economic development, diversify their economies, and build climate change resilience, all while achieving low-carbon, sustainable, inclusive economic growth.

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MENA Solar and Renewable Energy Report, 2019-2020

MENA Solar and Renewable Energy Report, 2019-2020

September 3, 2020 | ,

Renewable energy usage has been growing significantly over the past 12 months. This trend will continue to increase as solar power prices reach grid parity. Within the Middle East and North Africa (MENA) region, the increased industrial activity and drive towards renewables is reflected in each country’s strategy.

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