In a bid to meet rising domestic demand for electricity Algeria has revealed a plan to utilize 4GW of solar PV capacity by 2024 .The project will be installed between 2020 and 2024.
The Prime Minister, Abdelaziz Djerad said, “The project will require an overall investment of between USD 3.2 billion and USD 3.6 billion.”
Apart from covering domestic demand, it will be used for export to international markets, as well.
The project is named “Dubbed TAFOUK1” which is part of the government’s efforts to boost generation from renewables and preserve fossil fuel resources. The park will be located within more than 10 provinces termed as wilayas covering a total area of around 15,815 acres.
As part of its national renewable energy and energy efficiency development plan adopted in 2015, Algeria has set a goal to lift the share of renewables in its total power generation to 27% by 2030 by adding 22 GW of renewables capacity. Of the total, more than 13.5 GW will be from solar PV.
The country is presently planning to diversify its economy by transfering its focus to renewable energy. It has set a a target last decade to achieve green energy of 22GW capacity by 2030.