Speaking at London’s ‘‘Energy Transition in Libya Investment Conference’’ last Wednesday (26 November), the Chairman of the Libyan British Business Council (LBBC), Peter Millett, said “Today’s event brings together Libya’s key energy actors with LBBC members’’.
The event was organized by the LBBC, with the participation of high-level delegations from Libyan and international institutions. The Libyan delegations included the Renewable Energy Authority of Libya (REAoL), the National Oil Corporation (NOC) and General Electricity Company of Libya (GECOL).
Continuing, former British Ambassador to Libya Millett said ‘‘It highlights the fact that Libya’s energy transition represents one of North Africa’s most significant infrastructure opportunities. The question isn’t whether it will happen—it’s who will be part of making it happen. I am sure that British companies will be part of this essential development.
The importance of Energy Transition in Libya creates multiple opportunities for British consultants, experts, equipment suppliers and investors. We will continue this dialogue and build and strong UK-Libya partnership for the future’’.
Bankable projects
At the event, the LBBC said the Renewable Energy Authority of Libya (REAoL) is presenting an ambitious agenda: 450 MW of solar capacity across Ghadames, Al-Numwa, and Tininay, 400 MW of wind capacity in Msallata and Al-Kufra, and 2 GW interconnection routes to Europe with a US$ 3–5 billion potential. It stressed that these aren’t aspirational targets— but bankable projects with designated sites and grid-connection frameworks already in place.
Each project features designated sites and established grid-connection frameworks, creating genuine pathways to market for IPPs, EPCs, financiers, and technology providers.
The Libyan Centre for Solar Energy Research and Studies (CSERS)
Speaking during the session dedicated to investment opportunities in the renewable energy sector, Yousef Al-Naas, Director General of the Libyan Centre for Solar Energy Research and Studies (CSERS), emphasised:
* The importance of developing clean energy infrastructure in Libya.
* Investing in the country’s vast natural resources in the fields of solar and wind energy.
* The necessity of strengthening international partnerships and transferring expertise to support national institutions.
* The role of the private sector in driving investment in this promising sector.
He also stressed the scientific and research role played by the CSERS in supporting national plans and developing innovative solutions and technologies that contribute to enhancing energy security and achieving sustainable development.
The CSERS said its participation in the London event comes as part of its efforts and its partners’ efforts to enhance Libya’s presence on international platforms, and to open new horizons of cooperation that contribute to raising the renewable energy sector to more advanced levels.
It added that its participation was part of a joint delegation that included the REAoL and the NOC, both key partners of the CSERS in developing clean energy projects and promoting the energy transition in Libya.
