On 26 November 2025 in London, Eltumi Partners was represented by Tarek Eltumi who joined a panel alongside senior representatives of the Renewable Energy Authority of Libya (REAOL) at the Libya Energy Transition Conference.

The Authority set out a near-term pipeline of 450 MW solar (Ghadames, Al-Numwa, Tininay), 400 MW wind (Msallata, Al-Kufra) and a 2 GW Libya–Europe interconnection (estimated US$3–5 billion), alongside the policy and regulatory context for investment.

REAOL confirmed designated sites, land control and grid planning for the proposed projects, an important point for investors calibrating development and financing timelines. The 2 GW interconnection to Europe is positioned as a system-level enabler for integration and eventual export, not a substitute for near-term domestic offtake.

Institutional Roles and Integration with O&G

REAOL outlined programme milestones and interconnection strategy, while the NOC’s Renewable Energy Department addressed integration at oil and gas sites including grid access at legacy assets, power-for-operations, and interfaces that may shorten time-to-generation. For investors, this signals practical routes to early MWh via tie-ins, not only greenfield builds.

What Investors Focused On

UK developers, OEMs, financiers and advisors used the forum to clarify:

  • Bankability levers: tariff methodology and indexation, curtailment treatment, change-in-law protection, and payment security.
  • Permitting and land: licensing scope, land tenure/rights of use, and environmental approvals aligned to designated sites.
  • Grid: connection rights, capacity queueing and studies needed to support timely operations.

Drawing on transactions in Libya and the wider region, Eltumi Partners provided legal perspectives on contract architecture for utility-scale projects, offtake structures and payment security consistent with Libyan law, change-in-law and dispute frameworks, and localisation obligations that will flow into EPC and O&M scopes.

Outlook on Libya’s Renewables

With sites designated and a published project list, the market is moving from interest to execution. The next inflection points are procurement design, qualification, and project-specific documentation. Investors that align early on permitting pathways, grid studies and offtake mechanics will be better positioned to meet bankability thresholds as tenders open.

Eltumi Partners advises developers, lenders and industrial offtakers on renewable energy projects in Libya and the MENA region from entry strategy and licensing to contracting, financing and delivery. For enquiries, contact enquiries@eltumipartners.com.

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