The partnership emphasizes Libya as a massive renewable energy potential and the interest of global investors in this sector.
The Renewable Energy Authority of Libya (REAOL) agreed to a partnership with the organizers of the Libya Energy & Economic Summit (https://LibyaSummit.com/) that will highlight Libya’s renewable energy opportunities and promote a better understanding of the sector for international and local investors.
REAOL is key and instrumental in forming policies that promote renewable energy production in Libya. With the push for the adoption of clean energy, it has become crucial that the adoption of renewable energy is maximized.
The organization implements projects, supports and encourages the renewables industry, and evaluates the potential for future projects. It is a key factor in providing a secure energy supply in Libya and, in the future, further afield.
The summit that is set to take place on 8-9 November 2023, is expected to place strong emphasis on renewable energy, as well as hydrocarbons, financing, infrastructure and more as Africa seeks to achieve a Just Transition.
The Libya Energy & Economic Summit is organized by Energy Capital & Power (ECP) (https://www.EnergyCapitalPower.com/) and is now in its second edition in 2023 with plans to further make discussions more action focused towards resilience.
In the inaugural 2021 conference, TotalEnergies signed an agreement with the General Electricity Company of Libya (GECOL) to build 500 MW of solar generation capacity that is fully renewable energy.
The initiative was later launched by TotalEnergies, GECOL, and REAOL in June 2022 with the goal of attaining clean energy goals to keep at par with the transition of energy being witnessed.
The summit will take place on 8-9 November 2023 and will place a strong emphasis on renewable energy, as well as hydrocarbons, financing, infrastructure, and more.
According to REAOL’s Chairman Abdusalam Elansari, this summit is aimed at increasing the adoption of renewable energy. Affirming that his team is ready and met with James Chester, Senior Director of ECP; local partner Ahmed Al Ghazali, VP of AmCham Libya; and Debbie Hirst, President of AmCham Libya.
