Algeria reboots renewables sector
A 1GW solar auction and commitments by Eni to develop clean hydrogen have given the sector fresh momentum after years of stalled progress
A flurry of activity at the end of 2021 saved it from being another year of disappointment for Algeria’s underdeveloped clean energy sector. Late December saw the government make good on 18 months of promises to hold a second solar auction with a tender from the newly created Algerian Renewable Energy Company (Shaems) to install 1GW of PV across the inland north. Two weeks earlier, Italy’s Eni, the main foreign player in the country’s upstream oil and gas industry, committed to partner government-owned Sonatrach in the development of clean hydrogen and other elements of the decarbonised energy value chain. Algeria has no shortage of conventional energy resources, possessing some of the world
Also in this section
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies