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June 11, 2021

Algeria prepares 1GW solar tender

Scheme forms initial phase of a 4GW programme until 2024.

By MEED   

Algeria’s Energy Transition and Renewable Energies Ministry is preparing to issue the tender to develop 1GW of solar generation capacity.

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The scheme, to be split into ten 100MW projects, is part of a programme called Tafouk 1, which aims to increase domestic solar photovoltaic (PV) capacity to 4GW by 2024.

Algeria’s installed solar PV capacity, as of end 2019, stood at 458MW, or roughly 2% of total installed power generation capacity.

The government agency, which the Algerian Government recently authorised to manage and supervise the procurement process, is understood to be drafting the power-purchase agreements (PPAs) for the projects which will be developed using an independent power producer (IPP) model.

Algeria expects the project to generate between $3.2bn and $3.6bn in investment.

The country’s National Renewable Energy and Efficiency Development Plan, announced in 2015, aims to increase the domestic renewable generation capacity to 22GW, or 27% of the total domestic generation capacity, by 2030.

Solar PV is expected to contribute more than 13.5GW of the total.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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