Lebanon grants licenses for 11 photo voltaic tasks

Might 13 (Renewables Now) – The Lebanese authorities has accredited the problem of licenses for 11 photo voltaic tasks every with a capability of 15 MW, power minister Walid Fayyad mentioned on Thursday.

The licenses had been granted to 11 native and worldwide firms which have gained competitions for brand spanking new photo voltaic crops over the previous few years. Now, these firms have a yr to safe the required financing.

The price of the electrical energy from these 11 photo voltaic crops shall be USD 0.057 (EUR 0.055) per kWh within the Beqaa area and USD 0.063 per kWh for all different areas. For comparability, the price of fossil power is within the vary of USD 0.010 and USD 0.015. The price of solar energy in Beqaa is decrease as a result of the realm is apparent, the minister defined.

Previous to granting the licenses, the federal government held talks with 12 firms however one firm dropped out as a result of it refused to supply the required assure.

Lebanon, which is struggling an influence scarcity, is pursuing the formidable goal to acquire 30% of its electrical energy provide from renewables by 2030.

(USD 1 = EUR 0.961)

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