Syria has a potential for the wind and solar energy production development and could attract EU investors, safety guarantees provided, Rainer Hinrichs-Rahlwes, Vice-President of the European Renewable Energies Federation (EREF), told Sputnik.
BONN (Pakistan Point News / Sputnik - 06th September, 2018) Syria has a potential for the wind and solar energy production development and could attract EU investors, safety guarantees provided, Rainer Hinrichs-Rahlwes, Vice-President of the European Renewable Energies Federation (EREF), told Sputnik.
"When the war in Syria is over, with international guarantees, everything will be possible, I believe Syria could attract a lot of renewable energy investment there. They, like most other countries, definitely have a solar potential, and they most likely also have a wind potential. I am sure that once a certain stability has been reestablished, and with sufficient international guarantees, Syria could immediately increase the use in electricity sector quite quickly up to one third or 40 percent. Would be quite easy if the framework was there, if reliability was there and if help from the outside was there, international guarantees," Hinrichs-Rahlwes said on the sidelines of the IRENA Innovation Week in Bonn answering the question whether the European companies be interested in investing in renewables in Syria.
He explained that investors would not come to the country if they felt their money "is just being thrown in a black hole."
"But It's definitely more reasonable to go for renewables than to try and reconstruct the oilfields," Hinrichs-Rahlwes added.
Syria has been in a state of civil war since 2011, with the government forces fighting against numerous opposition groups and terrorist organizations. The province of Idlib in northwest Syria is the last remaining stronghold of terrorist groups operating in the country, including the Al-Qaeda-linked Nusra Front terror organization (banned in Russia).
