- Press Releases
November 23 (Renewables Now) - French energy major TotalEnergies SE (EPA:TTE) announced today it has inked a deal to develop 500 MW of solar photovoltaic (PV) projects in Libya.
The French group, which is taking part in several oil production projects in Libya, has signed a Memorandum of Understanding (MoU) for the solar initiative with power producer General Electricity Company of Libya. The pact was sealed during the Libya Energy & Economy Summit, an international energy and economic conference being held in Tripoli.
The proposed solar farms will be feeding electricity to the national power grid and will power industrial facilities at the Waha oil field. Details about the specific projects were not available.
“We aim to assist the country in building a more sustainable future through a better use of the country’s natural resources, including solar energy, which will directly improve the accessibility of cleaner, more reliable and more affordable electricity to the Libyan people,” said chairman and CEO Patrick Pouyanne.
Apart from solar, TotalEnergies has struck deals to invest in gas gathering projects to reduce flaring in oil fields, and to increase domestic oil production through the development of the Waha concessions.