Syria Seeks Solar Energy; Ropes In US Company For 200 MW
One of the projects under the MoU will be a vanilla solar PV project with 100 MW of installed capacity. The other 100 MW PV facility is planned to be accompanied by energy
After more than thirteen years of war, Syria's electricity crisis has only deepened, compounding the suffering of its people. The former Assad government failed to secure stable energy supplies, and as shortages worsened and fuel prices soared, the regime turned to solar energy projects as an alternative, seeking to mitigate the crisis.
As the electricity crisis worsens, solar energy is no longer just an option – it has become an unavoidable necessity. Yet the high cost of installing photovoltaic systems has pushed many Syrians to rely on subsidized loans, particularly those provided by the Renewable Energy Support Fund, which offers interest-free financing.
However, renewable energy equipment does not enter Syria easily. Four importers we spoke to confirmed that most solar panels and batteries are shipped from China to Syria through Jebel Ali Port in the UAE or, at times, the Port of Aqaba in Jordan.
On May 28, 2024, Maher al-Zoubi, Assistant Director of the Commercial Bank of Syria, announced in a televised interview that the bank had issued approximately 5,600 loans through the Renewable Energy Support Fund at a total value of 150 billion Syrian pounds.
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