Algiers – The World Bank has expressed its willingness to support Algeria’s ambitious energy projects, particularly in the realm of renewable energy and green hydrogen, during a recent high-level meeting.
The Minister of Energy and Renewable Energies, Mourad Adjjal, received a delegation from the World Bank’s Board of Directors, representing seventy countries, at the ministry’s headquarters. The visit focused on strengthening cooperation and expanding partnership opportunities within the energy sector.
The meeting, which included a representative from the Ministry of Finance and senior officials, provided a platform for exchanging views on the future of investment in renewable energies and identifying practical areas of collaboration.
Minister Adjjal emphasized Algeria’s commitment to a genuine energy transition, highlighting significant investments in projects aimed at producing 15,000 megawatts of renewable energy by 2035. He noted the progress of the initial phase, a 3,200-megawatt solar photovoltaic project, slated for operation in 2026, positioning Algeria as a regional leader in clean electricity generation.
The Minister also unveiled strategic projects designed to enhance Algeria’s international presence, including a subsea power cable linking Algeria and Italy, facilitating electricity exports to Europe. Furthermore, he mentioned the energy interconnection project between North and Sub-Saharan Africa, fostering cooperation with African nations and unlocking promising economic prospects.
Adjjal affirmed that Algeria has established a robust energy base, making it a reliable producer of sustainable and secure energy. The next objective, he stated, is to export electricity and clean energy to international markets.
The Minister expressed Algeria’s desire to broaden cooperation with the World Bank, involving the institution in studying and financing large-scale energy projects, particularly those related to green hydrogen, solar energy, and electrical interconnection.
