Algeria power capital limited

Does Algeria need more solar power?

With domestic gas consumption rising, the country must reduce internal demand if it is to sustain its export volumes. To that end, Algeria has set a target of 22 gigawatts of renewable capacity by 2030, focusing on solar photovoltaic (13.5 GW), wind (5 GW), concentrated solar power (2 GW) and biomass (1 GW).

How much does solar power cost in Algeria?

Algeria’s Hamdi Eurl won two 80 MW plants and domestic PV panel maker Zergoun, alongside Ozgun, secured 80 MW in Guerara. The 19 projects represent an investment of €1.8 billion ($1.96 billion) and the solar power prices proposed by the bidders ranged from €0.54/W to €0.81/W, with an average price of €0.625/W.

How much energy does Algeria produce a year?

The country has an average of 3,000 hours of sunshine per year and global horizontal irradiation of almost 1,700 kWh/m²/year in the north and 2,263 kWh/m²/year in the south. Nevertheless, nearly 100% electrified Algeria generates 99% of its energy from domestic gas.

Is Algeria a key natural gas supplier to Europe?

Unauthorized access or electronic forwarding, even for internal use, is prohibited. Algeria, long renowned for its abundant hydrocarbon resources, is now navigating a dual path: sustaining its role as a key natural gas supplier to Europe while rapidly accelerating its energy transition ambitions.

Can Algeria become a leader in the emerging hydrogen economy?

Given Algeria’s geographical proximity to Europe, coupled with its renewable energy potential, the country is well situated to become a leader in the emerging hydrogen economy. The agreement not only strengthens Algeria’s ties to Europe but also underscores the potential for green hydrogen to become a pillar of its future economy.

What is Algeria's Energy Transition Strategy?

One of the most ambitious elements of Algeria’s energy transition strategy is the development of the SoutH2 Corridor, aimed at supplying Europe with green hydrogen.