{"id":81739,"date":"2024-01-15T00:00:00","date_gmt":"2024-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/01\/15\/algerias-sonelgaz-renewables-merges-with-renewables-company-shaems\/"},"modified":"2024-01-15T00:00:00","modified_gmt":"2024-01-15T00:00:00","slug":"algerias-sonelgaz-renewables-merges-with-renewables-company-shaems","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/01\/15\/algerias-sonelgaz-renewables-merges-with-renewables-company-shaems\/","title":{"rendered":"Algeria\u2019s Sonelgaz Renewables merges with renewables company Shaems"},"content":{"rendered":"

<\/strong>Sonelgaz <\/strong>Renewable merges with Shaems:<\/strong> As part of Algerian state-owned utility company Sonelgaz<\/a> \u2019s restructuring process which began in 2022, the company has decided to merge its subsidiary Sonelgaz-Energies Renewables<\/a> with the Algerian Renewable Energy Company<\/a> (Shaems), according to a statement<\/a> published last week. The statement \u2014 which also announced the mergers of Algeria Electricity with Sonelgaz-Electricity Production, and a security company for electrical equipment with Sonelgaz-Services \u2014 brings Sonelgaz\u2019s number of subsidiaries from 34 to 11 companies since the start of the merger run, which kickstarted to ensure the employees and managers\u2019 social benefits remain protected. <\/p>\n

About Shaems: <\/strong>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<\/a>, which predicts the start of construction by 2025, and the beginning of commercial operation by 2027. Last month, the US International Trade Administration<\/a> said that US companies interested in cooperating with Algeria on green projects \u201cwill primarily interact with Shaems \u2026 created to serve as a one-stop shop for companies pursuing larger IPP renewable energy projects.\u201d 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<\/a> reported.<\/p>\n","protected":false},"excerpt":{"rendered":"

Prior to the merger, Shaems was 50% owned by Sonatrach and 50% by Sonelgaz<\/p>\n","protected":false},"author":1,"featured_media":81740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[41,11,79,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-algeria","tag-enterpriseclimate","tag-ma-watch","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"e2dedded-c826-49a6-976c-d5b158e0cc18","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/256.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Algeria\u2019s Sonelgaz Renewables merges with renewables company Shaems","related_issue":[81725],"teaser":"Prior to the merger, Shaems was 50% owned by Sonatrach and 50% by Sonelgaz","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.f3b1f274-0557-4683-bcca-c986f1b59ba3.mp3"},"yoast_head":"\nAlgeria\u2019s Sonelgaz Renewables merges with renewables company Shaems - 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