US$13.7 million loan to finance construction of 120 MW solar power plants in Tunisia
The European Bank for Reconstruction and Development (EBRD) has approved a EUR 12.5 million (US$13.7 million) loan to finance the construction of two 60 MW solar power plants in Tozeur and Sidi Bouzid, Tunisia.
The EBRD is funding the construction and operation of two solar plants in Tunisia, with financial support from French development agency Proparco. The funding includes a EUR12.5 million loan (US$13.7 million), an EUR 8.2 million (US$ 8.9 million) concessional tranche from the Clean Technology Fund, and EUR 4.6 million (US$ 5 million) from the Global Environment Facility. The solar plants, located in Tozeur and Sidi Bouzid, will be developed by Scatec and Aeolus (a division of Toyota Tsusho). These will be the developers' first large-scale projects in Tunisia and are expected to reduce annual carbon emissions by up to 108,000 tons once operational.
Country news
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December 20, 2022
Funding announced for 600 MW interconnector project
The European Commission has allocated EUR308 million (US$326.83 million) for the 600 MW ELMED transmission project between Italy and Tunisia.
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June 18, 2018
Tunisia seeking to authorise 70 MW of solar projects
It has been announced that 70 MW of solar photovoltaic projects to be developed across the country, have been tendered by the Ministry of Energy, Mines and Renewable Energies of the Republic of Tunisia.
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July 04, 2017
Tunisia establishes deadlines for 210-MW renewable tender
The Ministry for Energy, Mines and Renewable energies of Tunisia has launched two deadlines for the tender process involving 210 MW of renewable power generation.
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May 26, 2017
Tunisia tenders 210 MW of wind and solar power
The Tunisian government has launched a 210 MW wind and solar tender. The government, through the Department of Energy published an invitation to tender on May 11 with a budget of around TND400 million (US$164.2 million).
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November 23, 2016
Catalyst MENA Clean Energy Fund reaches €47 million
The first projects of a new fund supported by the European Investment Bank (EIB) – the Catalyst MENA Clean Energy Fund (Catalyst) – are now taking off. Read more
