- TotalEnergies has agreed to develop 500MW solar capacity in Libya.
- The Libyan government is also looking to increase electricity imports from Egypt via a new transmission line.
French energy giant, TotalEnergies has signed agreements with the Libyan government to develop its natural resources and solar energy. The company has committed to developing a 500MW solar energy capacity. This will help the North African nation to cover its energy deficit as current energy production is 2.8GW.
Libya is looking to diversify its energy mix, which is currently dependent on fossil fuels. The country plans to increase renewable energy’s contribution to the energy mix to 22 per cent by 2030.
To increase energy supply in the short term, the Libyan government plans to increase energy imports from Egypt. Both countries will construct a new power line that will increase electricity exchange capacity from 450MW to 1GW.