Country Report Libya February 2011

Economic policy: Libya targets renewables

Following through with plans to develop a viable renewable energy industry, the Libyan government announced in late January that a proposal to build a wind farm near Dernah would go ahead. The 61.75-mw scheme will be built by Amtors, a Spanish firm, and will take just short of two years to complete, at a cost of LD180m (US$143m). The farm is the first phase of a 120-mw project planned at Dernah. The Renewable Energy Authority of Libya (REAOL) expects that by 2015 wind farms will provide 500 mw of power. This will double by 2020, as part of a broader policy to generate 10% of Libya's electricity from renewable energy sources by 2020. Currently, less than 1% of Libya's total power output comes from renewable sources.

As part of the wider energy diversification scheme, Libya also plans to build three solar photovoltaic plants, each capable of producing 15 mw of power.

A family-owned investment group from Abu Dhabi, Al Maskari, announced in late December that it was investing up to US$3bn in Libya to help the country establish itself as a renewable energy hub in North Africa.

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