CIPA & Terra Sola Sign Agreement to Implement the 4 Gigawatt Major Project in Algeria

Source: 11/9/2022, Location: Africa

The Algerian industry association CIPA (Confédération des Industriels et Producteurs Algériens) and Terra Sola Algérie have signed an agreement in Algiers on cooperation in the implementation of the integrated 4 gigawatt large-scale project for Algeria and thus the initiation of the Algerian energy transition signed.

In the agreement, which was signed on the part of CIPA by the association president Abdelawab ZIANI and high-ranking representatives of the Terra Sola consortium, the parties confirm their future joint commitment to the implementation of the energy transition in Algeria. On behalf of the consortium, Heimhofer assured Algeria of the full support of the twelve international technology partners and investors represented in the consortium to accompany and finance the industrial turnaround in Algeria with the latest technologies. In a subsequent press release by CIPA, CIPA and Terra Sola underline the need to build up a sustainable, local solar industry in line with the Algerian government's plans to modernize Algerian industry and to swiftly initiate the transformation of the energy sector.

International consortium and Algerian industry association want to create Africa's largest industrial park for renewable energy in Algeria

Terra Sola Algérie, a subsidiary of the Swiss project developer Terra Sola Group AG, has been putting together a consortium of international industrial companies since 2014, which has developed a USD 5 billion integrated solar program for Algeria in close cooperation with various Algerian ministries. The Terra Sola program for Algeria includes solar farms with an annual production of 7200 GWh of solar energy and the establishment of international manufacturing companies that will partner with local companies to produce key components of the solar industry for the local market and export. 90% of all necessary components for the construction of solar systems can also be produced in Algeria in the future.

To this end, the Terra Sola consortium, in cooperation with local educational institutions, has developed a tailor-made training program and established a fund to promote small and medium-sized enterprises (SMEs) and start-ups in Algeria. In this way, in addition to green energy, jobs, knowledge and technology transfer and practical start-up support for the development of new key industries are created in Algeria, thus establishing a sustainable, local value chain.

CIPA, which brings together several associations from industry, production and services from Switzerland and abroad, has accepted Terra Sola Algérie as a member of its association and entrusted it with leading the topic of energy transition. In this role, CIPA will be in charge of implementing the industrialization project in Ras El Ma /Sidi Belabes. In this, the largest industrial park for solar technology in Africa, the Terra Sola consortium will build factories for solar modules and solar substructures, as well as for other key components such as inverters and batteries, which in turn will result in the settlement of local supplier industries.

Decisive step towards the energy transition and basis for future energy partnerships with Europe

With its industrialization program and its production of 250,000 GWh of solar energy over 35 years, Terra Sola's integrated solar program for Algeria includes key elements of the goals of the country's future economic program proclaimed by the Algerian government.

David F. Heimhofer, CEO of the Swiss Terra Sola Group AG and President of the international consortium for Algeria, emphasized that the Terra Sola program with its 4GW PV solar systems will not only make Algeria the largest producer of solar power in Africa, but also the best conditions for it ensure that Algeria can produce green hydrogen in the future and thus become an important trading partner of the European Union. For the economy and society in Algeria, the Terra Sola Program shows the prospect of being able to participate in the lucrative energy market for renewable energies in the future, according to Heimhofer.

Heimhofer continued: "Our partnership with CIPA is not only a decisive step in the implementation of our large-scale integrated project, but also for the Algerian energy transition. On the one hand, the Terra Sola consortium brings the latest technologies, many years of experience in the implementation of large projects in the double-digit GW range and the financing commitment of over 5 billion US dollars secured by a Chinese state-owned company to this partnership. On the other hand, no one is better placed than CIPA to assess the opportunities and challenges associated with the Algerian energy transition. CIPA has pledged to support Terra Sola as its partner on important local issues and by involving key,

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