Algeria launches renewable energy, hydrogen plan

Algeria has unveiled plans to develop renewable energy and green hydrogen projects as part of a broader strategy to reduce its reliance on conventional electricity and conserve fossil fuels for export, according to reports from the country's newspapers on Tuesday.

The European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) are financing the initiative, which is estimated to cost approximately €28 million ($32 million).

The plan aims to enhance both institutional and technical capabilities in renewable energy, create favorable conditions for the implementation of renewable energy projects, and provide tools to foster the development of the green hydrogen economy.

Additionally, the plan includes establishing a comprehensive database on the national potential for green hydrogen applications and developing planning and monitoring tools to achieve energy savings and reduce emissions.

“This project is designed to promote the expansion of renewable energy use and the development of green hydrogen projects,” Elkhabar, an Arabic daily, reported.

As a major gas exporter, Algeria is targeting a renewable energy share of nearly 27% of its energy mix by 2026, with an expected production of around 15 (GW). This figure is expected to increase further over the next five years.