- EBRD lends €25 million for the construction of two 60 MW solar power plants
- Scatec and Aeolus to develop the solar plants in Tozeur and Sidi Bouzid
- Investment to support Tunisia’s energy security and green transition and cut CO2 emissions
The European Bank for Reconstruction and Development (EBRD) and the French development agency, Proparco, are promoting the green transition of Tunisia by financing the construction and operation of two solar photovoltaic power plants in the areas of Tozeur and Sidi Bouzid.
The EBRD’s financing package consists of a loan of up to €12.5 million, a concessional tranche of US$ 8.9 million (€8.2 million) extended by the Clean Technology Fund (CTF) and US$ 5.0 million (€4.6 million) provided by the Global Environment Facility (GEF).
Italy and Tunisia have committed to build an extra-high voltage direct current connection between the two countries. Image credit: GBA – Google Maps
The two solar photovoltaic power plants, each with an installed capacity of 60 MW, will be developed by Scatec, a leading renewable energy provider, and Aeolus, part of Japanese conglomerate Toyota Tsusho Group. The projects qualify for the financing programme for Joint Crediting Mechanism (JCM) model projects implemented by Japan’s Ministry of the Environment in cooperation with Tunisia and will provide low-cost green electricity.
Author: Bryan Groenendaal
