The idea of a Libyan renewable sector is not new. However, Libya’s traditional reliance on hydrocarbons has intensified due to damaged equipment in the war in 2011.
A few years back, an article appeared in the Tripoli Post outlining Libya’s energy prospects for Europe. What made the article different, however, was its focus on solar power rather than oil as the Libyan asset appealing to European clients across the sea.
Libya wants to develop solar power and wind energy, Awad al-Barasi said when addressing the three- day Dubai Global Energy Forum.
Libya has been suffering "huge economic and financial losses" due to the 2011 civil war which saw the fall of ex-leader Muammar Gaddafi, said al-Barasi.
According to the International Energy Agency, Libya’s oil production increased to 1.4 million barrels per day as of March, reaching 90 percent of the prewar level.
It’s not often one hears about Libya’s energy portfolio outside of oil and gas. Since the discovery of oil in 1959, Libya’s economic progress has been driven by hydrocarbon profits. Typically, oil and gas wealth has represented up to 90% of Libya’s income. Nonetheless, renewable energy has been a part of Libya’s energy policy since the 1970’s. Libya’s Center for Solar Energy Research and Studies was established in 1978. In 2007, Libya also created the Renewable Energy Authority. The Authority’s Planning and Studies Department was working on structured plans for balancing renewable and traditional energy sources as recently as 2011.
“There is a plan