International

2GW! Alpha Dhabi W Solar invests in Libyan renewable energy

Seetao 2022-06-27 16:56
  • W Solar has signed several agreements to implement and co-invest in solar PV and wind projects in various countries in Africa, Asia
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W Solar Investment, a leading investment company in the renewable energy industry and a subsidiary of Alpha Dhabi Holding, signed a memorandum of understanding with the Libyan General Electric Company to develop a long-term strategic partnership and cooperation in the field of renewable energy in Libya.

According to this memorandum of understanding, W Solar will invest in Libya's green energy sector, build solar photovoltaic power plants, and sell the net energy delivered by the plant to the Libyan government. The MoU is considered an important commercial cooperation step between the public and private sectors in the field of green energy.

Weam Elabdelie, chairman of the board of the Libyan General Electricity Company, said there is no doubt that the MoU with W Solar is important for the economic reform of the renewable energy sector in Libya. The Libyan government has always shown serious intentions to develop renewable energy. Having a partner like WSolar will certainly help accelerate the national green energy agenda as we continue to invest in renewable energy. Keywords: engineering news, overseas news

Zafar Muhammad, CEO of W Solar, said, "This is a landmark agreement for W Solar as we look to expand our business in Africa and forge long-term relationships with key partners. With this MoU, W Solar is entering a new phase of growth and we are committed to taking this collaboration to the next level.Editor/XingWentao

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