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University of Balamand > Academics > Faculties > Faculty of Business & Management > News & Events > Investment Opportunities in Renewable Energies

Investment Opportunities in Renewable Energies

In collaboration with the NGO Save Energy Plant Trees (SEPT), the Faculty of Business and Management hosted a seminar entitled: Investment Opportunities in Renewable Energies by Mr. Pierre El Khoury, General Director at the Lebanese Center for Energy Conservation (LCEC), on May 26th, 2015.

In his welcoming speech, Dr. Karim Nasr, Dean of the Faculty of Business and Management stated that “advancement in technology and in materials engineering have not materialized into a significant increase in efficiency and have made these systems unaffordable and non-sustainable. Our speaker today will shed light on Lebanon’s plans to making these systems feasible and making this sector a promising economic driver”.

Mr. Khoury talked about the vision and national (Lebanese) approach for renewable energy and how the Lebanese government set a plan in 2009 in order to reach 12% of renewable energy by the year 2020. He also shared with the audience the national targets by 2020. The speaker spoke about the National Energy Efficiency and Renewable Energy Action (NEEREA) which allows private sector entities to apply for subsidized loans for any type of EE and/or RE projects. In essence approved entities would get a loan for 0.6% interest over a period of 14 years. Mr. Khoury concluded that Lebanon is getting closer in achieving its renewable energy targets and that more jobs will be available in this sector. ​
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