Amea Power has began building of a 120 MW photo voltaic plant in northeastern Tunisia. Once operational, the plant is predicted to generate 222 GWh of fresh power per yr.
Dubai-based Amea Power has began building of a 120 MW photo voltaic plant in Tunisia.
The undertaking, situated in northeastern Tunisia, is being applied on a build-own-operate foundation by the Kairouan Solar Plant, a undertaking firm registered in Tunisia and wholly owned by Amea Power.
Financial closure was reached on the $86 million undertaking in September 2023, because of funding from the International Finance Corp. and the African Development Bank. Commissioning of the plan is scheduled for the final quarter of 2025. Once commissioned, it is going to be Amea Power’s first operational asset in Tunisia, producing 222 GWh of fresh power per yr and powering greater than 43,000 households.
Hussain Al Nowais, the Chairman of Amea, says that the undertaking can also be the primary privately financed photo voltaic undertaking in Tunisia.
“By exploiting its renewable power assets, and its strategic location between North Africa and Europe, Tunisia will grow to be a main location for inexperienced power and commerce,” he added.
A 20-year energy buy settlement was signed in June 2021 with Société Tunisienne de l’Electricité et du Gaz, Tunisia’s state-owned electrical energy and gasoline utility firm. It was permitted by the Tunisian authorities in May 2022.
Amea Power claims to have tasks in 20 nations protecting photo voltaic, power storage, wind and inexperienced hydrogen, with a complete of greater than 1.6 GW in operation and below or close to building, extra of one other 6 GW within the pipeline. In November 2023, it introduced the closing of a $75 million fairness funding spherical from Japan’s Softbank Group.
According to the International Renewable Energy Agency, Tunisia will deploy 506 MW of photo voltaic by the tip of 2023, up from 197 MW by the tip of 2022.
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