Will GECOL build a solar plant in Libya?

A recent MOU between UAE-based Alpha Dhabi Holding and GECOL aims to construct two additional solar plants in Libya, with a target capacity of 2 GW. Notably, Libya’s vision for its renewable energy sector transcends its borders and aims to capitalize on its strategic position as the North African gateway to Europe.

Will Libya achieve 4GW of solar and wind power by 2035?

The Government of National Unity in Libya has initiated the National Strategy for Renewable Energy and Energy Efficiency, outlining plans for achieving 4 GW of combined solar and wind capacity by 2035.

How much solar power does Libya have?

In terms of solar power potential, Libya boasts approximately 3,200 annual brightness hours and an average radiation of 6 KWh per m2 per day. For reference, each km2 of desert in the country receives solar energy equivalent to 1.5 million barrels of crude oil annually.

Will Libya build a 500 MW solar park?

General Electricity Company of Libya (Gecol), a state-owned utility, plans to build a 500 MW solar park in the Sadada region, 280 kilometers southeast of Tripoli, in partnership with French energy giant TotalEnergies.

How much solar power will Libya have in 2025?

Under the first pillar, Libya aims to deploy 1.7 GW of solar photovoltaic (PV) capacity from 2023 to 2025, with a subsequent target of reaching 3.3 GW by 2035. An additional 600 MW is planned from wind power, with the first 50 MW set to be operational within the next two years.

What is Libya Energy & Economic Summit 2024?

The Libya Energy & Economic Summit 2024 represents the second edition of this important investment platform. Organized by Energy Capital & Power, LEES 2024 takes place from 13 – 14 January, with the endorsement and support of the Office of the Prime Minister, the Ministry of Oil and Gas, and the National Oil Corporation.