Lebanon wind and solar energy storage

Is wind energy a resource in Lebanon?

Wind energy is an untapped resource in Lebanon with extremely restricted production (Kinab, El Khoury, 2012). According to the Wind Atlas published in 2010, Lebanon has the potential to produce approximately 5,400 MW of wind energy (UNDP, 2010).

Is solar energy a good source of energy in Lebanon?

Solar energy is also a valuable resource in Lebanon. With around 3000 hours of sunshine, the addition of this energy source to the national grid could greatly contribute to the growth of clean energy in Lebanon (Kinab, El Khoury, 2012). Solar energy currently represents around .26% of the country’s energy mix (UNDP, 2017).

How much does a solar power plant cost in Lebanon?

Recent solar tenders by the Ministry of Energy awarded small 15 MW plants at 5.7 cent/kWh. By comparison gas-fired power plants are expected to cost an estimated 9 cents/kWh as per McKinsey’s 2018 Lebanon Economic Vision report.

Is Lebanon's energy policy sustainable?

The world is now moving into an era of renewable and smart energy. In contrast, Lebanon’s energy model still relies on heavy fuel oil plants and diesel generators. The country imports 97% of its energy, all of which is fossil fuel. The country’s current energy policy has become unsustainable, both economically and environmentally.

How much does energy cost in Lebanon?

By comparison gas-fired power plants are expected to cost an estimated 9 cents/kWh as per McKinsey’s 2018 Lebanon Economic Vision report. As a result, adopting a 50% renewable energy target by 2030, will reduce the levelized Cost of Energy (LCOE) by close to 20 cents/kWh. Compared with the current 35 cents/kWh cost, a decrease of close to 58%.

What are the cheapest sources of energy in Lebanon?

A study conducted by LFRE, Strategy& and AUB for Lebanon, puts renewable energy on top in every single metric, from cost and respect of the environment to social and economic impact to energy security and reliability. Solar, wind and hydro are by far the cheapest sources of energy available currently around the world.