By: Utilities middle east

Libya is actively courting British companies and accelerating regulatory reforms to unlock large-scale renewable energy investments, targeting significant solar and wind exports to Europe. According to a report by The National, this push includes a new renewable energies bill under parliamentary review aimed at providing the regulatory clarity needed to attract foreign capital. With some of the world's highest solar radiation levels and strong wind resources, Libya aims to become a major clean energy exporter.

The effort is part of a broader initiative to modernize and unify the country's energy institutions. Earlier this year, Libya launched its first oil and gas exploration licensing round in 18 years, signaling renewed sector momentum. In a recent partnership with Oxford Business Group, National Oil Corporation chairman Masoud Sulaiman emphasized the goal of creating an open, competitive market governed by clear rules to attract long-term investment.

Last week, a delegation from Libya's Renewable Energy Authority held workshops in London with UK firms ahead of upcoming project tenders. Priority developments include a 50MW solar plant in Bani Walid, a 200MW solar facility near Ghadames, and a 200MW wind farm in Kufra. The Authority's chairman, Abdussalam Elansari, stated that Libya hopes to export up to 2 gigawatts of renewable power to Europe, following promising discussions with Italy, Malta, and Greece.

While international banks have raised concerns about the lack of detailed financial frameworks, some legal experts argue that Libya's relatively clean regulatory slate could offer a unique opportunity for early investors. The renewed UN political mandate and ongoing institutional reforms are seen as positive steps that could help stabilize the economy and support long-term investment in both hydrocarbons and renewables.