Algeria to spend $20bn on renewables
Country aims to hit 40pc renewables by 2030
Algeria is to invest more than $20bn in renewable electricity over the next 20 years in an effort to push production from green sources.
Nordine Bouterfa, head of the Sonelgaz group, told a press conference: “The total sum of electricity production development between 2011 and 2021 is nearly $35.4bn, $20bn of which will be dedicated to renewable energy. By 2030, some 40 per cent of electricity production for national consumption will come from renewable energy.”
Currently, most of Algeria’s electricity is produced through natural gas, although earlier this year the country launched a hybrid plant that boosts gas-fired production with solar panels.