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€3.9 million EBRD mortgage to Cair to develop solar energy capability in Tunisia -
Up to €1 million in concessional funding from Finland beneath the EBRD’s High Impact Partnership on Climate Action -
10 MW of renewable capability to be developed within the Feriana area
The European Bank for Reconstruction and Development (EBRD) is selling renewable vitality in Tunisia by financing the development of a ten MW solar energy plant within the Feriana area of the nation.
The financing bundle features a €3.9 million EBRD mortgage and as much as €1 million in concessional funding from Finland beneath the EBRD’s High Impact Partnership on Climate Action (HIPCA – Finland) to Centrale Solaire Feriana B, a particular goal automobile owned by Qair, a European renewable vitality firm. The challenge is financed beneath the EBRD’s SEMED Private Renewable Energy Framework, and consists of 10 MW of personal, renewable technology capability with anticipated CO2e emissions financial savings of 8,560 tons per 12 months.
This is among the first initiatives to be developed beneath the Tunisian regulatory framework for renewable initiatives and is awarded by means of an open and clear tender. In addition, the challenge will promote gender equality by supporting the inclusion of girls in Tunisia’s renewable vitality sector.
The Bank has been a key companion within the improvement of Tunisia’s renewable sector for the previous seven years. This challenge marks an vital milestone for the nation when it comes to assembly its promise to extend renewable vitality energy manufacturing.
Aida Sitdikova, EBRD Director, Head of Energy Eurasia MEA, stated: “We are very proud to companion with Qair to assist Tunisia’s vitality transition. The nation has sturdy potential for wind and photo voltaic sources, and this funding will contribute to the event of privately owned renewable vitality and diversification of the vitality combine.
Eric Boutemy, Director of Qair Tunisia, stated: “We wish to convey our honest because of the EBRD for its funding and important assist of our renewable vitality challenge. The EBRD’s dedication has been instrumental in attaining ot our imaginative and prescient. We sit up for persevering with to work collectively to advertise sustainable improvement and create a clear future consistent with Tunisia’s purpose of reaching 30 p.c renewable vitality manufacturing by 2030.
Qair is a longtime European renewable vitality firm that develops, funds, operates and owns technology vegetation (PV, wind, hydro and hydrogen). It has a 1.4 GW portfolio of operational capability and initiatives beneath building, with a presence in lots of economies the place the EBRD operates.
Since the beginning of EBRD operations in Tunisia in 2012, it has invested greater than €2.2 billion in 70 initiatives and offered assist to greater than 1,200 small and medium-sized enterprises by means of technical help financed by the European Union.
