Sonelgaz Renewable merges with Shaems: As part of Algerian state-owned utility company Sonelgaz ’s restructuring process which began in 2022, the company has decided to merge its subsidiary Sonelgaz-Energies Renewables with the Algerian Renewable Energy Company (Shaems), according to a statement published last week. The statement — which also announced the mergers of Algeria Electricity with Sonelgaz-Electricity Production, and a security company for electrical equipment with Sonelgaz-Services — brings Sonelgaz’s number of subsidiaries from 34 to 11 companies since the start of the merger run, which kickstarted to ensure the employees and managers’ social benefits remain protected.

About Shaems: Prior to the merger, Shaems was 50% owned by Sonatrach and 50% by Sonelgaz. Shaems currently has a 1 GW plant under development, according to Power Technology, which predicts the start of construction by 2025, and the beginning of commercial operation by 2027. Last month, the US International Trade Administration said that US companies interested in cooperating with Algeria on green projects “will primarily interact with Shaems … created to serve as a one-stop shop for companies pursuing larger IPP renewable energy projects.” Shaems and Sonelgaz engage in long-term power-purchase agreements (PPAs), the administration added. Shaems is also overseeing the development of a 30 MW solar park that will be constructed in the town of Beni Ounif, Bechar Province, Energy Capital reported.

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