The Algerian electronics manufacturer said its solar business has not filed for insolvency. The company said it continues to operate as ‘normal’. The company added, it is working on two solar projects with a combined generation capacity of 100 MW.
The electronics manufacturer has a 130 MW capacity module production facility.
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
The Algerian Electricity and Gas Regulation Commission has concluded a tender launched in June. The one solar project selected will sell power at DZD8.28/kWh. The authority reportedly only published ceiling prices for energy bids on the day the exercise was completed.
State-owned gas and power provider Sonegalz intends to develop five hybrid projects in off-grid areas in the south of the country. The highest bid came in at the equivalent of $0.13/kWh.
Only eight of the 93 companies which acquired the technical specifications for the tender have decided to participate in the procurement exercise. Collectively, the submitted project proposals had a combined capacity of 90 MW. Domestic content rules required the use of solar modules assembled in Algeria, as well as locally manufactured mounting structures and cables.
A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.
The power line, under development by Italian transmission company Terna and Tunisian gas and electricity group STEG since 2003, was originally conceived to export power generated in Tunisia to Italy but is now based on an electricity exchange in the opposite direction.
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