The Ernst & Young renewable attractiveness index highlightsNorth Africa’s renewable energy potential. That region has an abundance of solar resources together with some wind resources, and these are expected to attract a significant amount of investment once political stability is restored.
In terms of the various countries of the region, Algeria’s legislative framework for the renewable energy sector is praised as being one of the more progressive in the middle east and north Africa region. However, delays in implementation have stunted the growth of renewable energy’s proportion of the country’s energy supply. Algeria remains committed to its ambitious targets of 20% of energy supply from renewable energy sources by 2030. It has publicly stated that it will be investing US$120 billion into renewable energy projects. Wind energy potential is relatively low, yet several small-scale wind projects with capacities of 10 MW to 20 MW are planned to be constructed over the next three years, mostly near the northern coastline. It is solar where the greatest potential lies, as Algeria has an abundance of the resource… Read more