The EBRD is financing the development of a ten MW photo voltaic plant within the Feriana area of Tunisia.

The financing package deal 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. The funds shall be delivered by Centrale Solaire Feriana B, a particular function car owned by European renewables developer Qair.

The EBRD has invested greater than €2.2 billion in 70 tasks because it started operations in Tunisia in 2012.

“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,” stated Aida Sitdikova, EBRD director, head of vitality Eurasia MEA.

Eric Boutemy, director of Qair Tunisia, stated the mission will contribute to Tunisia’s purpose of reaching 30% renewable vitality manufacturing by the tip of the last decade.

Tunisia deployed 506 MW of photo voltaic on the finish of final 12 months, up from 197 MW by the tip of 2022, in keeping with figures from the International Renewable Energy Agency (IRENA).

Earlier this month, Dubai-based Amea Power introduced the development of a 120 MW photo voltaic plant in northeastern Tunisia.

Qair, primarily based in Paris, develops, funds, operates and owns renewable vitality vegetation. As of December 2023, it’s stated to have reached 1.4 GW of operational capability and tasks beneath development.

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