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Algeria Aims To Build $3.6B USD Solar Power Projects

OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand.

The solar power facilities are expected to have a combined installed capacity of 4,000 megawatts (MW), the office of Prime Minister Abdelaziz Djerad said in a statement.

The OPEC member, which generates most of its electricity from natural gas, plans to have those solar PV plants installed between 2020 and 2024, the prime minister’s office said. The project for the new solar power plants, called TAFOUK1, is part of the government’s plan to boost power generation from renewable energy sources.

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