Algiers – 21 September 2023
Renpower Algeria – Paving the way for 15 GW of renewable projects by 2030
Back to March 2023, Algeria’s state-owned utility Sonelgaz has issued a tender for the development and construction of 15 solar plants with a combined capacity of 2 GW. The projects will be built in 11 locations, with capacities ranging from 80 MW to 220 MW.
Indeed, Algeria aims to reach 15,000 megawatts of electricity generation capacity based on renewable resources by 2035, with a growth rate of 1000 MW/year. Furthermore, around 1000 MW of off-grid renewable energy installations are expected to be put on stream by 2030.
A second call for tenders for the construction of solar power plants with a capacity of 2000MW will be launched in November 2023.
Algeria has so far used its hydrocarbon resources to meet an ever-increasing domestic energy demand. To continue exporting its dwindling hydrocarbons, the country now needs to reconsider the role of renewables and add significant renewable resources to its power generation mix by 2035 in order to be able to meet domestic electricity demand. Oil and gas exports generate 95% of the country’s foreign exchange earnings, and this is an important catalyst for promoting the development of renewable resources across the country.
Over the past two years, the Algerian government has taken further steps, carrying out feasibility and deployment studies, and has created a Ministry of Energy Transition and Renewable Energy as well as the Algerian Renewable Energy Company (Shaems).
These new developments in the production of energy and its distribution are as many opportunities in terms of investment needs, contribution of new technology, local partnership and financing for the national and international bidders interested: consulting , engineering, development, construction, logistic, transport, finance, etc. Be on the lookout!
Join us at RENPOWER ALGERIA 2023.
Be part of the conversation, network and learn about the latest developments and business opportunities ahead.
Date: 21 September 2023
Time: 09:00 – 18:00
Venue: Algiers, Algeria (in-person)
Featuring 20+ speakers and experts, the program is spread over 6 sessions covering timely topics such as:
- Kickstarting Algeria’s renewable energy success story
- Sunny side up future : Algeria’s plans to achieve its Paris Accord goal of 15,000MW of renewable power by 2035
- Carbon capture and Energy Efficiency – the Algeria’s National Energy Management Program (PNME) on all fronts
- Algeria’s assets to become a major regional player in the development of green hydrogen
- Introducing the latest technology : energy storage, new inverter techniques, digitalization and smart grids
- Financing & Investing in Algeria’s journey towards a sustainable renewable energy market
This business development platform will be a not-to-be-missed market place for the whole value chain and stakeholders already involved or looking to the country.
Attending: Key stakeholders including representatives from the government, International Finance Institutions (IFIs), policy makers, international and local developers, EPC contractors, independent power producers, engineering, legal and advisory services, manufacturers, banking and private equity entities.
Agenda and registration – The detailed agenda, speaker line-up and registration form will be available upon your written inquiry.
For more information, please contact:
Michel Masquelier
Event Manager
administration@euroconventionglobal.com
+32 2 662 16 12
