Image: Mariana Proença, Unsplash
The EBRD is financing the development and operation of two photo voltaic crops in Tunisia. Its funding package deal, co-financed by the French growth company Proparco, consists of a mortgage of as much as €12.5 million, together with a concessional tranche of €8.2 million from the Clean Technology Fund and €4.6 million from the Global Environment Facility.
The two photo voltaic crops in Tozeur and Sidi Bouzid can be developed in Scatec and Aeolus, a unit of Toyota Tsusho. They would be the first utility-scale initiatives in Tunisia and are anticipated to chop annual carbon emissions by as much as 108,000 tons as soon as operational. The initiatives are additionally eligible for a financing program run by the Ministry of Environment of Japan along with Tunisia.
Nandita Parshad, managing director of the EBRD’s Sustainable Infrastructure Group, mentioned that the initiatives are “testomony to the dedication of the sponsors to assist the event of the renewable vitality sector in Tunisia.”
The EBRD says that since 2012, it has invested greater than €2.3 billion in 73 initiatives in Tunisia and supplied assist to almost 2,000 small and medium-sized native companies by European Union-funded technical help. schemes.
Earlier this 12 months, the EBRD introduced financing for the development of a ten MW photo voltaic plant within the Feriana area of Tunisia, whereas Dubai-based Amea Power has began work on a 120 MW plant positioned within the northeastern a part of the nation.
Tunisia has deployed 506 MW of photo voltaic by the tip of 2023, based on figures from the International Renewable Energy Agency (IRENA).
This content material is protected by copyright and might not be reused. If you need to cooperate with us and need to reuse a few of our content material, please contact: editors@pv-magazine.com.