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Algeria wants to build 4 gigawatts of solar capacity in 5 years. This is a fairly ambitious target for a country with reserves of fossil fuels.

Algeria has 44 million inhabitants, making it the 32nd most populous country in the world. There is also a lot of sun. However, 4 GW means multiplying your solar capacity by 10, and that solar power capacity has not changed much over the past 3 years.

How does Algeria plan to achieve this? With a fast and large investment in cash.

The project called TAFOUK1 of the Ministry of Energy, provides for an investment of between 3,000 and 2,600 million dollars to deploy 4 GW of solar energy over a period of five years.

A project like this is sure to please many Algerians. Solar projects are among the best job creators, and they are good, healthy, well-paying jobs that improve the quality of life for citizens.

The 4 GW solar PV initiative is expected to create 56,000 jobs in the construction phase, and 2,000 later for its operation.

In addition to meeting the national demand for energy and preserving its fossil resources, the realization of this project would allow us to position ourselves on the international market, by exporting electricity at a competitive price, as well as a know-how of ‘export.

Abdelaziz Djerad, Algerian Prime Minister.

Algeria is truly a country with fossil fuels. Oil and gas represent “about 70% of total revenues”. … Oil and gas export earnings accounted for over 97% of total exports. This may make the solar power surge strange, but it actually makes a lot of financial sense to diversify the economy, and especially the energy sector, as quickly as possible and shift the revenue from sales. of oil and gas towards longer-term mechanisms. and more stable investments like solar farms. The demand for oil is already declining a bit globally and we have seen what happened to oil prices this year. Who knows where the industry will be in 2-3 years or 5-7 years?