Algeria sent a delegation to the United States to discuss potential investment by GE Vernova in its renewable energy program earlier this week. The delegation, representing Algeria’s state-owned utility Sonelgaz, held meetings with GE Vernova executives in Atlanta with more discussions planned for later.
The talks focused on GE Vernova’s involvement in Algeria’s plan to generate 15,000 megawatts (MW) of electricity from renewable sources by 2035. The plan, which was approved in 2020, is part of Algeria’s effort to reduce its reliance on oil and gas and to conserve its fossil fuel resources. Under the program, nearly 4,000 MW of renewable energy capacity is expected to be installed by the end of 2024. By achieving the full target of 15,000 MW by 2035, Algeria aims to save around 240 billion cubic meters of natural gas. This gas would otherwise be used in conventional power plants.
Algeria has vast gas reserves, estimated at approximately 4.5 trillion cubic meters. However, the country is seeking to diversify its energy sources by investing in solar and other renewable energy projects. The discussions with GE Vernova are part of Algeria’s broader strategy to attract foreign investment in its renewable energy sector. This includes partnerships with international companies to develop solar and other clean energy technologies.
In recent years, Algeria has also been developing domestic renewable energy projects. One of the recent renewable energy initiatives include the 220 MW solar photovoltaic park in Biskra, focused on solar power generation. The meeting with GE Vernova is seen as an opportunity to enhance international cooperation in the renewable energy sector. Algeria’s energy program reflects a long-term approach to balancing domestic energy needs with the goal of preserving its natural resources.
