Algeria's Green Energy Drive


Algeria is aiming to generate 40 per cent of its electricity from renewable sources by 2020, energy minister Youcef Yousfi has announced.

About 60 renewable energy projects will be launched to give a capacity of 3,000 megawatts, hetold a press conference held to announce the strategy (2 January).

"The main purpose of this new policy is to prepare the country for the post-petrol era," Yousfi said.

Currently, fossil fuels account for 96 per cent of export revenue, and

Read more...

More from Commodities

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Market Bears Have Devoured Gold Prices

Market Bears Have Devoured Gold Prices

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets