Islamic Finance: A Promising Form Of Financing Infrastructure's Projects - A Proposal For A Solar Energy Station Financed By Islamic Sukuk-

Abstract

The aim of this study is to highlight the effective role of Islamic Sukuk in financing infrastructure projects especially renewable energy projects, by examining the possibility of financing a “Solar Energy Station” in Algeria. The reason behind choosing this subject is the importance of renewable energy in the preservation of the environment and the climate on a hand, and in building a green economy from another hand. Thus, This project will take a place in the Algerian Sahara with a capacity of 4050 MW, and will be divided into four allocations. So, this paper will present a proposal for a solar farm at the Wilaya of Adrar with the capacity of 1350 MW financed with Islamic Sukuk. As a result, the Algerian enormous potential for renewable energy and the nature of the Algerian community that believe in Shariah-compliant, this project would be a successful alternative for gas and oil, especially after the recent oil crisis and would certainly reduce the pressure on government budget as well.