The PPA would typically be concluded between the sponsor and either GECOL or REAOL.

There are no general tax and customs exemptions for renewable energy projects in Libya, nor are there general tax and customs exemptions for investments in green hydrogen.

The idea of exporting green electricity from North Africa to Europe has been under discussion for many years. It is prominently associated with the DESERTEC initiative.

The Libyan electricity sector is characterized by various entities with overlapping competencies.

Libya has excellent conditions for renewable energies both in the fields of solar and wind energy, though the tremendous potential is thus far untapped.

All companies with an existing contract or order with GECOL must contact GECOL by 27 October 2012 to resolve legal situation of their contracts.

Any foreign company operating a renewable energy plant in Libya will be considered as ‘carrying on business' in Libya and would need to register a presence in Libya.

Libya Investment Libya is not only notorious for being one of the most stringent Middle East countries in enacting oil regulations...

Representatives from the US, Egypt, Saudi Arabia, and Türkiye met in Cairo last week to discuss proposals aimed at resolving Libya’s political crisis.

Libyan oil reserves, estimated at 47.1 billion barrels, are the largest in Africa and among the largest in the World.

Recent civil unrest and violence in Libya raises grave political and humanitarian concerns.

This is the second of four articles Clyde & Co aims to publish on the legal and regulatory framework affecting the oil and gas industry in Libya.

During the twentieth century, Libya enjoyed only nineteen years of peace. Of only eight of the nineteen years, Libya enjoyed the fruits of its oil production.

Following more than six months of armed conflict in the North African country of Libya, on 16 September 2011, the UN recognized the National Transitional Council (NTC) as the legal representative of Libya and also lifted some of the arms embargo, assets freeze and no-fly zone that had been imposed by the Council earlier this year.

The Petroleum Law No. 25 of 1955 is considered the authoritative legal text for the Libyan oil industry.