Germany is investing throughout the continent, particularly in financing and implementing renewable energy technology in North Africa; however, the European country’s refusal to participate in the NATO-led air strikes that helped oust former Libyan ruler Muammar Qaddafi could hurt Germany’s chances at investment opportunities in the country.
German Foreign Minister Guido Westerwelle will visit Libya to pledge support for the new government. He highlighted some issues that needed to be addressed such as disarming but also incorporating rebels into the army and establishing a constitution. Although the European country failed to help in the NATO actions, it has assisted more than 1,000 wounded people giving them treatment in German hospitals.
Germany is also a renewable energy powerhouse, but it will be interesting to see if the new regime in Libya holds a grudge against the European nation’s lackluster support during its revolution. The North African country, one of Africa’s largest oil producers, had difficulty establishing renewable energy avenues before Qaddafi’s ousting. And while the German-conceived Desertec Industrial Initiative continues to gain more speed across the region, implementation in Libya could prove difficult.
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