Libyan officials are targeting British investors for new renewable energy projects aimed primarily at powering upstream oil operations, freeing up oil and gas for more profitable uses.
During a promotional event in London on 26 November, officials from the Renewable Energy Authority of Libya (REAOL) rolled out several projects aiming to generate up to 850MW of solar and wind energy. This comes as part of a national strategy that was launched in late 2023 with the aim of achieving a 22% share of the power mix for renewables by 2035 (MEES, 15 December 2023). (CONTINUED - 1287 WORDS)
