- May 7, 2020
- ABBC admin
- Business Reports
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Algerian REN market
Prepared by:
Renewable Energy Partner
for Algeria British Business Council
May 2020
Opportunities
- Undoubtedly, the whole Algerian REN market (15,000 megawatts (MWs) by 2035 — revised down from 22,000 by 2030 (initial target in 2011)) still represents a huge opportunity
- Solar PV tenders up to 200MWs (150MWs IPP / 50MWs EPC) at end of 2018 / early 2019
- Mildly successful in light of local political events of 2019
- All EPC projects were tendered although work has yet to properly commence
- However only one IPP bid for 50MWs retained. Still doubts whether this project will go ahead
- Very recently announced solar projects up to 4000MWs by 2024
- 400/ 500MW per project
- Implication of Sonatrach and Sonelgaz
- No other details provided at this stage
Challenges:
- Very slow uptake since 2011 despite a lot of talk about REN in Algeria
- Consistency in the policy and implementation has been problematic
- Too many stakeholders and a lack of coherence. More generally, the inexperience of the stakeholders in REN needs to be addressed.
- The regulatory environment needs general improvement
- Financing solutions need to be found in order to unlock projects
- Political events of 2019 and more recent events (Covid 19 & very low O&G prices) mean that REN is low on the Gvt agenda
Renewable Energy Partner
UK company devoted to carrying out project development in Middle East and Africa on our own or alongside local partners. Also run an advisory boutique firm specialised in renewable energy providing a full range of services at all stages of the development of renewable energy projects from sourcing opportunities to providing local partner services
We have been present in Algeria since 2013. Only UK company operating on the Algerian renewable energy market. Expanding across the Maghreb (Morocco in 2016 and Tunisia in 2018) as well as our continuing presence in other African markets via our local partners (Benin, Burkina Faso, Guinea, Nigeria and Zimbabwe)
We create a long-term relationships with our partners and provide a continuous, dedicated and high quality support to their projects or investments