TotalEnergies implements multi-energy strategy with two major integrated projects in the Middle East and North Africa
Client(s) TotalEnergies SE
Jones Day is advising TotalEnergies on the structuring, development, and finance of two major integrated projects in the Middle East and North Africa. The first project includes the development of a 500 MW solar PV project located southeast of Tripoli (Sadada region), Libya. This project is the first of its kind in Libya and is supported by the Renewable Energy Authority of Libya (REAOL). It will be based on a long-term PPA between TotalEnergies and the General Electricity Company of Libya (GECOL), a state-owned utility. The second project consists of a 1 GW solar plant located near the southern port of Basra, Iraq. This project is supported by the Ministries of Electricity and Oil and is part a broader project encompassing gas, oil, renewable energy and seawater desalination facilities in the Basra governorate. The General Company of Electrical Energy Production (South region) will offtake the electricity generated by the project under a long-term PPA.