The European Union announced plans to partner with Algeria in developing renewable energy projects in an effort by the EU to reduce its dependence on fossil fuels and address climate change.
According to Josep Borrell, the EU high representative for foreign affairs and security policy, Algeria’s large potential in the field of renewable energy makes it an important partner for the EU. The country has been a reliable supplier of gas to Europe, with 90% of its gas exports going to the region.
During talks with Algerian President Abdelmadjid Tebboune, Borrell praised Algeria’s “key” role in fighting terrorism in the region. As a result, the EU and Algeria have agreed to re-launch a high-level security dialogue, with the first meeting scheduled to take place before the end of the year.
In 2013, the two parties signed a memorandum of understanding on cooperation in areas including oil and gas, renewable energy, and energy efficiency.