Libya’s Misurata Free Zone (MFZ) has signed a memorandum of understanding with consultancy iQ Power to develop integrated CSP and PV projects with up to 300 MW total capacity. MFZ, the first free trade zone established on Libyan territory, has shown its desire to develop a solar energy industry, [...]
The recent renewable energies’ workshop held by UK Trade & Industry in Tripoli was an opportunity to understand Libya’s plans for increasing the quantity of electricity generated using new technologies by 2020.
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.
The workshop presented an important opportunity for the five countries to discuss ways to deepen their effective use of CSP as a means to transform their national and regional energy paths.
A study found that the oil-rich nation Libya could generate enough solar power to meet its own demand and a “significant part of the world energy demand by exporting electricity”.
Ultimately, over €400 billion would be spent on concentrated solar power plants, wind energy and a super grid of high voltage DC lines.
Sheikha Aisha al Maskari, the chairwoman of the family-owned Al Maskari Holding, said the group was interested in investing in all sectors of Libya's energy industry, including concentrating solar power.
