Space Industry and Business News  
WIND DAILY
Algeria seen as African leader for renewable energy
by Daniel J. Graeber
Washington (UPI) Jul 10, 2017


Algeria is ahead of the curve when it comes to renewable energy potential in Africa and General Electric aims to ride that momentum, a regional manager said.

GE sponsored a conference on renewable energy in the African sector, highlighting Algeria's lead in wind and solar power developments. By 2030, the government aims to install about 22,000 megawatts of renewable power, which would be about eight times the level of natural gas consumption by today's standards.

Touffik Fredj, the regional chairman and CEO for GE, said that, for its size, Algeria has a great capacity for wind energy.

"The country is heavily involved in energy transition and the integration of renewable energies," he said in a statement. "We look forward to seeing this transition happen and thereby reinforcing our commitment to support the government's ambitious renewable energy development plan."

Algeria has the 10th-largest natural gas deposits in the world and is the third-largest supplier to Europe. Its exports have been in decline, however, because of lagging foreign investments and the International Monetary Fund warned its economy may be at risk from lingering weakness in oil prices.

In March, the European Union said it was offering $42.7 million in financial assistance to support energy reform in Algeria, which is a member of the Organization of Petroleum Exporting Countries. A third of the funds allocated by the EU will support institutional and regulatory frameworks necessary to promote renewable energy.

Italian energy company Eni is one of the leaders in Algeria's emerging renewable energy sector, laying the groundwork for development alongside state-owned energy company Sonatrach. The Italian energy company said in November it would work through a partnership with GE on a wide range of projects tied to low-carbon power options like solar power and wind.

The Algerian government has planned for oil shocks by reviewing spending and focusing more on non-hydrocarbon revenue streams.

WIND DAILY
Thrive Renewables delivers mezzanine funded wind farms in Scotland
Bristol UK (SPX) Jun 22, 2017
With over 20 years in sustainable investment, Thrive Renewables, (previously Triodos Renewables) has provided mezzanine loans for two wind farms in Scotland that will have a combined total capacity of 11.5MW which will generate and deliver clean, smart energy to the UK grid. Once built, these projects will be able to generate enough green electricity for 7,760[1] homes. In partnership with ... read more

Related Links
Wind Energy News at Wind Daily


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

WIND DAILY
Sorting complicated knots

Engineers find way to evaluate green roofs

Nature-inspired material uses liquid reinforcement

Feel the heat, one touch a time

WIND DAILY
DISA extends Comtech satellite services to Marines

Harris Corp. awarded Special Forces radio contract

Airbus provides German troops with support communications at 15 sites worldwide

Airbus further extends channel partner program for military satellite communications in Asia

WIND DAILY
WIND DAILY
India Plans to Roll Out National GPS Next Year

Europe's Galileo satnav identifies problems behind failing clocks

New orbiters for Europe's Galileo satnav system

Second Lockheed Martin GPS-3 satellite assembled as full production begins

WIND DAILY
Sikorsky awarded $3.8 billion contract for Saudi Arabian black hawks

Boeing announces Rolls-Royce engine contract

Boeing receives contract for Dutch, Turkish CH-47 Chinook parts

Boeing receives contract for engineering, support of E-3 Sentry

WIND DAILY
Harnessing hopping hydrogens for high-efficiency OLEDs

High-precision control of printed electronics

Three-dimensional chip combines computing and data storage

Samsung to invest $18 billion in memory chip business

WIND DAILY
Sea spray losing its sparkle?

Veteran Ocean Satellite to Assume Added Role

New map reveals personality traits of communities across the United States

Russia's 'Sova' Atmospheric Satellite Starts Flight Tests - Research Fund

WIND DAILY
Human activities worsen air quality in Dunhuang, a desert basin in China

Herbicide boost for tadpoles: study

Scientists probe role of sunscreen in accelerating coral reef decline

Risky gold rush: Indonesia tackles illegal mining boom









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.