PPA signed for 120 MW Solar PV project in Tunisia
Scatec ASA has signed a 25-year Power Purchase Agreement (PPA) with Tunisian state utility Société Tunisienne de l’Electricité et du Gaz (STEG) for the 120 MW Sidi Bouzid II solar power plant in Tunisia.
The PPA was awarded in December 2024 through a government tender to support Tunisia’s ambitious renewable energy targets and to enhance the country’s energy security. Scatec has further signed a Joint Development Agreement, with Aeolus SAS (Aeolus), part of the Japanese conglomerate Toyota Tsusho Group, for the project. Scatec will own 50% of the Sidi Bouzid II project, while Aeolus will own 50%.
The estimated total capital expenditure (capex) for the project is EUR 87 million (US$93.97 million) and Scatec will be the designated EPC-provider with an EPC share of approximately 85% of capex. Scatec is currently in dialogue with selected financial institutions for debt financing of the project and the total financing structure will be communicated at financial close which is expected in the second half of 2025.
Country news
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August 22, 2024
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.
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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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