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Libya's energy future: integrating renewables with oil and gas for national stability
Libya is facing significant electricity shortages and blackouts, highlighting the need for a reliable power system to support economic growth and national stability. The country possesses high solar irradiation levels, yet has historically relied on oil and gas for electricity generation. A shift towards a balanced energy mix, incorporating renewables, is proposed to enhance energy security. Exporting oil and gas instead of burning it for domestic power could generate foreign currency, while solar power could reduce domestic fuel consumption. For instance, a 100 MW solar PV plant could save approximately 75 million liters of diesel annually and create over 2,000 jobs. Renewable energy can also attract foreign direct investment, create skilled jobs, and stimulate local industries. Transparent regulations, bankable power purchase agreements, and public-private partnerships are crucial to attract international finance. The current system of electricity subsidies makes the true cost of electricity invisible, which needs to be addressed. The article emphasizes that Libya needs both oil and gas alongside renewables, not one or the other. The successful 1 MW solar project in Kufra, developed by Infinity Libya, demonstrates the immediate benefits of renewable energy, providing relief and stability to communities.
