SUBSCRIBE
PROFILE

EBRD finances two 60 MW solar power plants in Tunisia for €25 million

The European Bank for Reconstruction and Development (EBRD) supports Tunisia's energy transition by financing two 60 MW solar power plants in Tozeur and Sidi Bouzid.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The European Bank for Reconstruction and Development (EBRD) and the French development agency, Proparco, are investing in Tunisia’s energy transition by financing two solar photovoltaic power plants.
Located in Tozeur and Sidi Bouzid, these plants will boost the country’s renewable energy production capacity.

Strategic Financing

The EBRD is providing a loan of 12.5 million euros, backed by funds from the Clean Technology Fund (CTF) and the Global Environment Facility (GEF), for a total of 25 million euros.
The financing is aimed at reducing Tunisia’s dependence on fossil fuels and cutting its CO2 emissions by 108,000 tonnes a year.
Scatec, a leading renewable energy supplier, and Aeolus, a branch of the Japanese Toyota Tsusho Group, will be responsible for developing these projects.
The projects will also benefit from Japan’s Joint Crediting Mechanism (JCM) financing program, bringing affordable green electricity to Tunisia.

Partnerships and Commitments

Nandita Parshad, Managing Director of EBRD’s Sustainable Infrastructure Group, says: “We are proud to partner with Scatec and Aeolus-Toyota Tsusho Group on these large-scale solar projects in Tunisia.
“Terje Pilskog, CEO of Scatec, also expresses his enthusiasm for the financial closure of the projects and the next phase of construction, underlining the importance of the support of the Tunisian and Japanese governments.
Hideharu Toba, President of Aeolus, underlines the importance of this first investment since the creation of Aeolus in March 2024.
He thanks EBRD and Proparco for their ongoing support.
Françoise Lombard, CEO of Proparco, reiterates the organization’s commitment to Scatec and Aeolus, supporting these projects since their inception.

Impact and future prospects

These projects represent a significant step towards Tunisia’s renewable energy production objectives.
Scatec, with 4.6 GW in operation and under construction across four continents, continues to strengthen its global presence.
Toyota Tsusho Corporation, through Aeolus, seeks to promote renewable energies in Africa, illustrating its commitment to sustainable development.
Since 2012, EBRD has invested over €2.3 billion in 73 projects in Tunisia and supported around 2,000 local small and medium-sized enterprises through technical assistance funded by the European Union.
These initiatives demonstrate EBRD’s ongoing commitment to supporting sustainable development and renewable energy in Tunisia.

  • Popular on energynews.pro
Vaalco launches drilling of ET-15 well offshore Gabon to support growth
TechnipFMC secures strategic contract for Captain field in the North Sea
Fossil fuel divisions block adoption of major UN report
EDF power solutions joins a 1.1GW solar and storage project in Egypt
Citgo shifts under Elliott control for $5.9bn pending U.S. approval
US court clears ECA Solar to proceed with contested solar development project
A court in Illinois has dismissed a lawsuit filed against ECA Solar, removing legal barriers to the construction of a planned solar facility outside the city limits of Morris.
Mitsubishi HC Capital Energy and Ecokaku to build 10 MW of non-FIT solar per year
Mitsubishi HC Capital Energy and Ecokaku will develop 10 MW of non-subsidised solar power plants annually in Japan, targeting direct contracts with industrial buyers through long-term power purchase agreements.
NU E Power raises $1.8mn to develop solar projects and launch international studies
Canadian company NU E Power plans to fund the development of its solar projects in Lethbridge and feasibility studies in Mongolia, Malaysia, and Africa through a $1.8mn private placement.
CREC secures PHP3.975bn from BPI to complete 113MW solar project in the Philippines
Citicore Renewable Energy Corporation signed a PHP3.975bn ($71mn) project finance loan with Bank of the Philippine Islands to accelerate the completion of its 113MW solar power plant in Pangasinan province.
United States adds 11.7 GW of renewable capacity in Q3 despite uncertainty
U.S. clean energy capacity growth hits quarterly record, but industry players raise concerns over a slowing market amid regulatory instability.
Scatec begins operations at Grootfontein solar plant in South Africa
Norwegian producer Scatec launches commercial operation of its 273 MW solar plant in Western Cape under a 20-year power purchase agreement.
Scatec sells 40% of Obelisk solar project in Egypt to Norfund and EDF
Scatec has signed two shareholder agreements for its 1.1GW hybrid project in Egypt, reducing its economic interest while retaining operational control.
Solarwatt France takes legal action after the collapse of the residential solar market
The French subsidiary of Solarwatt has filed for court-ordered restructuring, hit by reduced public subsidies and a downturn in the residential solar segment.
Promigas acquires 3.5 GW of solar assets from Zelestra in Latin America
Zelestra sells its Latin American platform to Promigas, including 1.4 GW of operational or under-construction assets and 2.1 GW of advanced-stage projects in Chile, Peru and Colombia.
143 US solar companies call for end to federal permitting freeze
Over 140 solar sector companies have urged Congress to lift a directive from the Department of the Interior blocking permit approvals, putting hundreds of energy projects in the United States at risk.
GreenYellow et PTP Ibérica lancent un terminal logistique énergétique majeur à Cadiz
Un terminal portuaire en Espagne alliera réfrigération industrielle haute performance et production solaire pour optimiser les coûts énergétiques et les capacités logistiques de PTP Ibérica, avec un démarrage prévu d’ici mi-2026.
Japan Semiconductor signs power purchase agreement for 7.8MW floating solar plant
Toshiba’s subsidiary commits to acquiring non-fossil certificates from a floating solar power plant operated by OTS in Japan, under a virtual power purchase agreement coordinated by Digital Grid.
Terra-Gen secures $383.3mn for Lockhart III & IV solar project in California
Terra-Gen has closed $383.3mn in financing for the construction of its Lockhart III and IV solar units, adding 205 MW to California’s grid with commercial operations expected in 2026.
Ecoplexus secures $300mn financing to accelerate US solar projects
US developer Ecoplexus has closed a $300mn financing deal with KKR and SMBC to support over 13GW of solar and storage projects under development across the country.
EDP signs PPA with Carrefour for 50 GWh of energy in Poland
EDP will supply 30% of Carrefour Polska’s energy needs through a PPA combining solar and wind, marking a step forward in the development of renewable capacity in Poland.
France grants €39mn loan for ten solar power plants in Mauritania
French public funding will support the construction of ten solar power plants with storage in Mauritania, as the country works to expand its grid to reach universal electricity access by 2030.
Recurrent Energy secures approval for 1.3 GW solar and battery project in the UK
Recurrent Energy has received authorisation to develop Tillbridge, a hybrid 1.3 GW solar and battery project in England, strengthening its expansion strategy in the UK market.
Le Koweït lance un appel d’offres pour un projet solaire de 500 MW
Le Koweït a publié une demande de propositions pour la construction d'une centrale solaire de 500 MW, dont l’électricité sera injectée dans le réseau national sur la base d’un contrat de rachat de 30 ans.
Mori Building completes three hybrid solar plants through PPA structured with TEPCO
Mori Building has completed three solar-plus-storage plants in Japan to supply its real estate assets through an intra-group partnership structured by TEPCO Energy Partner.
OCCTO awards 75.4MWAC to 27 solar projects in undersubscribed auction
Japanese grid operator OCCTO allocated 75.4MWAC in its third solar auction for FY2025, with an average feed-in-premium price of 7.13 yen per kWh, marking a session that fell short of initial subscription targets.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.