Alpha Dhabi “W Solar” to Invest in
Libya Renewable Energy
Abu Dhabi, UAE; 27 June 2022: W Solar Investment the leading investment company in
the renewables energy industry, and a subsidiary of Alpha Dhabi Holding, has today
signed a memorandum of understanding with the General Electricity Company of Libya
(GECOL) to develop a strategic long-term partnership and collaboration in the renewable
energy sector in Libya.
Under this MoU, W Solar will invest in the green energy sector in Libya, by building solar
photovoltaic power generation plants and selling the net delivered energy from the plants
to the Libyan government. The MoU is considered to be a significant business
collaboration step between the public and the private sector in the green energy area.
Weam Elabdelie, Chairman of Board of Directors, General Electricity Company of Libya,
said: "There's no doubt that the MoU with W Solar is important to the economic reform
for the renewable energy sector in Libya. The Libyan Government has been showing a
serious intention to develop renewable energy. As we get on with unleashing investments
in the renewable energy sector, having a partner like W Solar will definitely help accelerate
the national green energy agenda."