The Significance of Utilising Renewable Energy Options into the Libyan Energy Mix

Abstract

This study is to investigate the financial and technological challenges and opportunities facing the utilisation of renewable energy resources in Libya. The work investigates the availability of different renewable energy resources in Libya and the practicality of implementing some of these options. The study aims to study and identify the contribution of renewable energy in the mixture of total energy supply in Libya. It also investigates the essential legislation in the field of energy, which contributes to supporting the expansion of the implementation of renewable energy as an alternative energy and proposing the necessary recommendations for the necessary investment. This study integrates data and information for literature review and secondary data from field visits to Libya to paint a comprehensive picture in relation to energy demand and consumption in Libya. Based on the literature review and secondary data, it is evident, despite the recent political changes in Libya that renewable energy is still strategically of high importance. Solar and wind energy a reconsidered the main sources of renewable energy in addition to wave and tidal energy. In addition, it has been found that energy demand is increasing in Libya and that renewable energy could be the solution to cover some of this demand. Moreover, there is a need to attract investors in renewable technologies by enhancing the infrastructure and the existing investment regulations.