+27 71 448 3496
leon@whyafrica.co.za

Solar project boosts renewable output in Tunisia

Share Article
Tunisia is investing in more solar power. Image credit: Unsplash

Solar project boosts renewable output in Tunisia   

Last week, AMEA Power, a renewable energy company based in the Middle East, announced that it had reached financial close on its 120MW solar PV project in Tunisia.

The USD86-million project, located in Metbassta in the Kairouan governorate, will be AMEAs first operational asset in the country.

The solar plant is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and fully owned by AMEA Power. The project is being financed by IFC, a member of the World Bank Group, and the African Development Bank (AfDB).

The project was awarded to AMEA Power in December 2019 further to an international tender program launched by the Ministry of Industry and SMEs in Tunisia. The Concession Agreement and the Power Purchase Agreement were signed in June 2021 and ratified by the government of Tunisia in May 2022.

Powering more than 43,000households (Solar project boosts renewable output in Tunisia)

This is the first solar project to reach financial close under the concession regime in Tunisia. The concession regime covers projects over 10MW for solar PV, awarded through a competitive bidding process.

The solar project is being built under a Build-Own-Operate (BOO) model and will generate 222 GWh of clean energy per year, enough to power more than 43,000 households. The solar plant is expected to be commissioned by mid-2025.

As part of AMEA Power’s “Community Investment and Development Program”, the company is working closely with the local community on planned initiatives aligned with the United Nations’ Sustainable Development Goals.

The government of Tunisia aims to increase the share of renewable energy in its energy mix to 35% by 2030. This is a significant commitment in a country that is highly dependent on fossil fuel-based energy, mostly through imports. The Kairouan project directly supports the reduction of Tunisia’s energy dependence and improves the trade deficit of the country.

A step forward in energy transition (Solar project boosts renewable output in Tunisia)

According to Tunisia’s Head of Government, Ahmed Hachani, the development of the 120MW Kairouan PV Solar project represents a significant step forward in the country’s energy transition.

Following the ceremony, AMEA Power’s Chairman, Hussain Al Nowais, says that the 120MW project represents the largest solar project fully developed in Tunisa to date.

“Despite all the challenges that the market has been experiencing since the Covid-19 pandemic, we are proud to deliver this project and to honour our commitment to supporting Tunisia’s transition to clean energy,” says Hussain Al Nowais.

Attracting more green energy projects (Solar project boosts renewable output in Tunisia)

“This ambitious, renewable energy project will not only bring more affordable, clean energy to the people of Tunisia, but it will help Tunisia achieve its energy goals and attract more private investments into future green projects,” says Sérgio Pimenta, IFC’s Vice President for Africa.

“Through the project, we’re proud to build on our partnership with AMEA Power to expand their operations across North Africa, helping address the effects of climate change in the region.”

“We are delighted to reach this milestone, the signing of project agreements, making the first disbursement, and therefore commencement of construction of Tunisia’s first solar Independent Power Producer (IPP) project imminent.

“This accomplishment is testament to AfDB’s dedication to promoting sustainable energy solutions in Africa.  Moreover, the successful collaboration between the Government of Tunisia, AMEA Power, the African Development Bank, SEFA, and the IFC speaks volumes about our collective commitment to helping Tunisia reach its 35% clean energy target by 2030,” says Dr Kevin Kariuki, Vice President of Power, Energy, Climate, and Green Growth at the African Development Bank.

AMEA Power is rapidly expanding its investments in wind, solar, energy storage and green hydrogen. AMEA Power has committed to mobilise USD5-billion to achieve 5GW of renewable energy capacity in Africa by 2030. The company is currently active across 20 countries.

Solar project boosts renewable output in Tunisia

ADVERTISEMENT

WhyAfrica provides on the ground information and business intelligence about the sustainable utilisation and extraction of natural resources in Africa, and can assist your company through:  

  1. Membership:
  • WhyAfrica’s membership offers great business insights to you, your company, and clients.
  • Amongst many other benefits, we will publish editorial content about you or your company on the WhyAfrica online platform and on all WhyAfrica’s social media pages – the annual fee is R5,500 and you can find out more or subscribe here: https://www.whyafrica.co.za/product/membership/ 
  1. Sponsorship:
  • WhyAfrica’s Road Trip takes place annually in July and August. During our Road Trip we aim to visit more than 30 project sites. Sponsoring the Road Trip, or to be a WhyAfrica member, gives you unparalleled insight into the business environment of the countries that we travel to and the project sites we visit.
  • To be a member or sponsor allows you access to invaluable, on the ground, business intelligence and a great marketing opportunity for all companies doing business in Africa.
  • The main aim of our Road Trips is to promote Africa as an investment destination and to showcase Africa’s greatest companies, and projects to our large global audience, which includes a list of potential investors, venture capitalists and serial entrepreneurs.
  • To view the photos of this year’s Southern Africa Road Trip click on the gallery link or follow our Instagram account at why.africa https://www.whyafrica.co.za/road-trips/whyafrica-road-trips/. 
  1. Advertising:
  • We publish daily online articles on our WhyAfrica platform and post them on social media every day. Our combined online reach is more than 45,000. In-article banner ads are highly successful advertising tools as is advertising space on our website.
  • In addition to our bi-weekly newsletters, we publish two printed- and two interactive digital magazines per year. The printed magazines are distributed at major events and conferences throughout the year, and also on our WhyAfrica Road trips.
  • Digital magazines are e-mailed to all our subscribers and shared on our social media platforms. A copy of the latest edition is automatically attached to all our outgoing e-mails.
  • WhyAfrica magazines provide great marketing opportunities. There are also in-article and on-line advertising opportunities at exceptional rates. Contact me for more information on leon@whyafrica.co.za or give me a call.
  • To subscribe to WhyAfrica’s free newsletters and magazines click on the link and register: https://www.whyafrica.co.za/subscribe/  
  1. 4. Partnerships
  • Maximise your African exposure and link with our large business network through becoming one of only 10 WhyAfrica partners. We have only five prime partnership positions left for 2023, so contact me at leon@whyafrica.co.za to get the best deal.

Solar project boosts renewable output in Tunisia

Share Article

Sectors

AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management