Libya is intensifying its efforts to transform the national energy sector by expanding large-scale renewable projects and attracting British investment capable of turning the country into a future exporter of clean power to Europe.
The strategy aligns with Libya’s broader economic reform agenda, which seeks to diversify revenue sources and modernize the energy landscape after years of stagnation.
According to press reports, a draft Renewable Energy Law is currently being reviewed by the House of Representatives in Tripoli. The proposed legislation aims to create a transparent and predictable investment climate for foreign companies, addressing long-standing concerns about legal certainty, payment mechanisms, and regulatory stability.
Libya’s natural advantages, exceptional solar irradiation and strong coastal wind patterns, make it an attractive destination for solar and wind developers seeking scalable projects in North Africa.
This legislative push comes alongside broader restructuring efforts across the energy sector. Earlier this year, Libya launched its first oil and gas licensing round in nearly two decades. In parallel, the National Oil Corporation has partnered with Oxford Business Group to present detailed reports on sector reforms, investment opportunities, and the government’s long-term vision to international markets.
Several renewable projects are currently under development, including a 50-megawatt solar plant in Bani Walid, a 200-megawatt solar facility near Ghadames, and a 200-megawatt wind farm in Kufra. The head of the Renewable Energy Authority, Abdelsalam Al-Ansari, confirmed that Libya aims to export up to 2 gigawatts of renewable energy to Europe, following exploratory discussions with Italy, Malta, and Greece.
Despite rising investor interest, international banks continue to call for clearer financial frameworks and stronger guarantees before committing to large-scale funding. Analysts note that while legal and commercial structures in Libya remain relatively stable, investors still seek more detailed cost assessments and long-term assurances.
