The Lebanese parliament has passed a groundbreaking new law that will allow private sector entities to engage in P2P (peer-to-peer) renewable energy trading. This development also marks the first time that net metering has been enshrined in Lebanon's legal system.
The new DRE law has also introduced various types of net metering, such as individual net metering, multiple-tenants net metering, collective net metering, and other options, which will bring collective benfits for all kind of existing solar system in Lebanon, not only limited to PV Ground Mounting Systems, or Rooftop On Grid Solar System, even for Hybrid PV System and Stand Alone PV System.
Under this new law, P2P contracts for renewable energy are limited to projects with a maximum capacity of 10 MW. Power exchanges between buyers and sellers who are located on the same or adjacent land plots can take place without the need for state-owned utility Electricité du Liban's national grid. However, when generated electricity needs to be sold far from the production site, power trading must utilize the EDL grid through a process called "wheeling".
This development will greatly benefit the renewable energy industry in Lebanon by creating new opportunities for private sector entities to invest in and trade renewable energy. It will also encourage more individuals and organizations to consider renewable energy as a viable alternative to traditional fossil fuel sources. This law represents a significant step forward for Lebanon's transition to a more sustainable energy future.
