Investments in renewable energy remains marginal in Algeria

The former director general of local authorities, Azzedine Belkacem speaking on the International Congress on Renewable Energy, Energy Security….

 

The former director general of local authorities, Azzedine Belkacem speaking on the International Congress on Renewable Energy, Energy Security, and Food Security, stressed that the energy transition assumes that a high priority is given to the development of local resources, centralized management energy has prevailed in Algeria, lagging behind other countries of comparable level.

Senior expert approved by the European Union (EU), Mrs. Aicha Adamou, noted that investments in renewable energy remain “marginal” in Algeria compared to the potential of the country and the objective set in the National Program, reported by APS Online.

She reported that in 2017, more than USD 387 billion was invested worldwide, or 7,000 terawatt hours (tWh) of installed capacity generating about 10 million jobs. Yet, the cost of PV investment in Africa has dropped by about 62 percent since 2012, with a downward trend of around 59 percent for decades to come.

According to her, today the rate of integration of renewable in the national balance sheet does not exceed 2 percent.

Messaoud Boumaour, a researcher at the Research Center for Semiconductor Technology (CRTSE), said that energy is a crucial issue at the heart of economies with a strong geopolitical dimension. “Algeria, endowed with remarkable potential with one of the highest solar deposits in the world, immeasurable reserves of silica ore and other materials, and a pool of multidisciplinary skills, faces the dilemma of its development in a critical context of drying up of its hydrocarbon revenues, “he observed.

The solar potential of Algeria represents 10 times the world consumption of electricity

The international energy consultant, Mr. Tewfik Hasni, said that the energy mix must be a guarantee of Algerian security both in terms of supply and energy independence. He further added that the solar thermal potential of Algeria represents 10 times the world consumption of electric energy, as per APS Online.

According to him, the export of this electricity could bring home tens of billions of dollars.

For his part, the Director General of the EnRs Development Center (CDER), Nourredine Yassaa, explained that the ENRs are at the heart of energy and economic policies led by Algeria.

According to him, their deployment will inevitably ensure the energy independence of the country and generate in its wake, a dynamic of economic development through the establishment of industries that create wealth and jobs.

 

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