Algeria has announced plans to invest nearly 22 billion euros in its national renewable energy program, with the goal of producing 15,000 megawatts by 2035. The announcement was made by President Abdelmadjid Tebboune on October 27, 2026. Tebboune stated that Algeria is not simply undergoing an energy transition, but rather charting its own course. The country's ambition has clear European implications, as it seeks to expand its role as a major energy supplier.
Algeria is already a significant player in the European energy market, particularly in terms of gas supplies. In the first half of 2026, Algeria provided 33.9% of Spain's gas imports, surpassing the United States, according to the Energy platform. Additionally, around 36% of Italy's gas imports come via pipeline from Algeria. The country now aims to leverage its established position as a supplier to transition into the green energy sector.
A major project, the SoutH2 corridor, is currently underway with European partners and Tunisia. This corridor will enable the export of gas, electricity, ammonia, and hydrogen. A memorandum of understanding has been signed to connect Algeria to Europe via Italy, Austria, and Germany. President Tebboune aims to solidify Algeria's position as a "transcontinental energy hub."
Tebboune has emphasized that renewable energy is a top priority, according to Energy Minister Adjal. The president has assured that Algeria will remain a "safe and reliable supplier." To achieve its goals, Algeria will require significant funding, with an estimated 9.8 billion dollars needed by 2035 for the remaining 11.8 GW of capacity. The country plans to tap into international funds, including the Green Climate Fund, as well as regional and bilateral partnerships.
Algeria's strategy involves mobilizing around 10 billion dollars in funding. The country aims to not only power its own transition but also supply green energy to Europe in the long term. This dual objective underscores the significance of Algeria's renewable energy ambitions.
President Tebboune's vision for Algeria's energy future emphasizes the importance of renewable energy sources. By investing heavily in this sector, Algeria aims to reduce its reliance on fossil fuels and capitalize on the growing demand for clean energy in Europe.
As Algeria moves forward with its renewable energy plans, the country is poised to play a major role in Europe's energy landscape. With its existing infrastructure and strategic partnerships, Algeria is well-positioned to become a leading supplier of green energy to the continent.
Key points
- Algeria aims to produce 15,000 megawatts of renewable energy by 2035
- The country plans to invest 22 billion euros in its national renewable energy program
- Algeria seeks to export green energy to Europe via the SoutH2 corridor
