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Algeria: 5MW solar plant planned
British developer Renewable Energy Partner (RnE Partner) and wealthy local partner Condor Electronics are building a 5MW solar photovoltaic (PV) plant at Bordj Bou Arréridj in the High Plateaux. It will feed electricity into state utility Sonelgaz’s grid, establishing an innovative model for Algeria, which has set ambitious targets for renewables that are far from being met during a period when public funding is constrained.“Some developers fail to access equity, especially, and also debt, despite there being money out there,” RnE Partner director Adel Baba-Aissa said on the margins of CbI Meetings’ 29-30 September MENA Investment Exchange: Energy meeting in London.
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