{"id":32099,"date":"2021-10-01T09:41:00","date_gmt":"2021-10-01T09:41:00","guid":{"rendered":"https:\/\/jazairhope.org\/?p=32099"},"modified":"2021-10-01T09:41:00","modified_gmt":"2021-10-01T09:41:00","slug":"algeria-set-to-launch-1-gw-pv-tender","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/algeria-set-to-launch-1-gw-pv-tender\/","title":{"rendered":"Algeria set to launch 1 GW PV tender"},"content":{"rendered":"
Algeria<\/a>\u2018s energy ministry has revealed that it plans to launch a tender for the deployment of 1 GW of solar capacity by the end of October.<\/p>\n Mouloud Bakli, the president of Algerian think tank Club Energia, said the tender might conclude with prices ranging from DZD 5\/kWh ($0.036) to DZD 7\/kWh.<\/p>\n \u201cGiven the latest capex balance-of-system figures in the market and harvesting yield in the North African region, we expect the tender will provide a double-digit internal rate of return,\u201d he told\u00a0pv magazine<\/strong>. \u201cSeveral international Tier 1 independent power producers have already expressed their intention to participate in the tender.\u201d<\/p>\n Bakli said he expects the power purchase agreements to adhere to international standards.<\/p>\n \u201cInvestors will be able to repatriate dividends in international currency,\u201d he stated, noting that the PPAs will likely be similar to those that international players already use for desalination projects. \u201cThe awarded PPAs should have a duration between 20 and 25 years and the tender will be divided into 10 lots ranging from 80 MW to 180 MW each.\u201d<\/p>\n The Algerian Renewable Energy Company (SHAEMS), which is jointly owned by state-owned gas giant\u00a0Sonatrach<\/a>\u00a0and power utility\u00a0Sonelgaz<\/a>, will be allowed to take a share of up to 25% in the special purpose vehicles that will own the winning projects.<\/p>\n