A Second Energy Reconversion in the UMA
Personal Notes : This comes in a rapid succession following the post about Algeria's renewable energy strategy. Considering that Algeria holds 155 Billion dollars in foreign reserves, it means targeting a very sizable chunk of it 60 Billions to renewables. That is a stunning reversal of situation from august 2010, see post Algeria is out ? Where it almost seemed that Algeria was opting out of renewables since the bulk of its investment of 286 Billion dollars in energy went to hydrocarbons.
After Morocco's ambitious renewable energy plan, this is the second energy reconversion that I witness in the area. There's no other way to label it then as a race, and the first comers will have the ability to shape the market.
We should be seriously looking at smart from the start, I like the expression, not mine but I like it. Smart from the start means that we should be looking at interfacing our renewable energy infrastructure, especially the grid with the Algerians. The underwater connection to Europe's grid is a prime asset for Morocco, it has to be dimensioned for the future with both the yield of Morocco and Algeria in mind.
And smart from the start also means we should work within the UMA for a Smart Grid Initiative so as to be able to follow suit when the Europeans will have achieved their grid. A smart grid on our end, coupled with Europe's will allow us to export our energy, as well as import it and manage it with maximum efficiency.
The complementarity of ensembles between the near completed Northern Wind Belt and the projected Southern Solar Belt is an expression of the synergies we can develop when we reach certain thresholds in efficiency. Indeed survival is too much desperate of a future for the Human race, to that word I prefer the word Symbiosis, and such a complementarity is a fine illustration of what can be done in that regard.
Algeria will invest $60 billion in renewable energy projects by 2030, the state-run Algeria Presse Service said, citing Noureddine Bouterfa, chief executive officer of state-run gas and electricity company Sonelgaz.
The planned projects are expected to raise the North African country’s renewable energy output to 650 megawatts by 2015, 2,700 megawatts by 2020 and 12,000 megawatts by 2030, he said.
Of the 12,000 megawatts foreseen by 2030, about 7,200 will come from geothermal plants, 2,800 from photovoltaic panels and 2,000 from wind farms, Bouterfa said, according to the report yesterday.
Algeria, a member of the Organization of Petroleum Exporting Countries, is seeking to diversify into renewable energy and decrease its reliance on fossil fuels.
Sourced : http://www.bloomberg.com/