The European Bank for Reconstruction and Development is seeking consultants for a feasibility study for the project. The plant would be constructed on land owned by the Banque du Liban.
According to a report from the United Nations Development Programme, the turnkey price for solar in the nation declined by around 17.4% between 2016 and 2017 – and by 79% over the last seven years. By the end of last year, cumulative installed Lebanese PV capacity reached 35.4 MW.
In a study on the potential for local manufacturing of renewable energy equipment in the Arab region, IRENA has assessed how three pilot Arab countries – Lebanon, Jordan and the UAE – where development of clean energy is currently strong, may host PV, CSP and wind energy industries. In all of them, however, there are currently few chances of seeing a rising solar and renewable energy manufacturing industry, due to a series of challenges, such as, among others, the lack of a qualified workforce, and favorable regulatory settings.
Through the new tender, Lebanon’s Center for Energy Conservation (LCEC) intends to award the contracts for the construction of three 100 MW solar PV plants combined with large-scale battery systems.
The European Bank for Reconstruction and Development drastically increased its climate financing last year, with the €4.1 billion invested in the green economy representing 43% of the bank’s entire activity last year.
Lebanese authorities will issue a request for proposals for the installation of 180 MW of solar capacity by mid-April. The agency received 256 bids for solar energy projects totaling 3 GW in the pre-selection phase of the tender process.
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