Tunisia announces first privately-financed 120MW solar project

News Flash

  • The African Development Bank and the Sustainable Energy Fund for Africa (SEFA), in partnership with the International Finance Corporation  and UAE’s AMEA Power, have announced Tunisia’s first privately-financed solar project. 
  • The IPP/EPC is the Kairouan Solar Plant, a project company registered in Tunisia and fully owned by AMEA Power. 

The 120MW (US$86 million) solar plant located in Tunisia’s Kairouan governorate will benefit from up to $26 million in debt financing from the African Development Bank, including $13 million sourced from SEFA, a multi-donor fund that provides finance to unlock private sector investments in renewable energy and energy efficiency. The financing scheme is designed to ensure the holistic development, financing, operation, and maintenance of the plant, located roughly 150 km south of Tunis, in El Metbassta.

The plant is central to Tunisia’s strategy to reduce its reliance on natural gas. It aims to bolster the nation’s renewable energy share to an ambitious 35% by 2030, thus the Kairouan Solar project is not just about power generation; it is about regional transformation.

Author: Bryan Groenendaal

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