Picture: Markus Spiske, Unsplash
The EBRD is financing the development of a ten MW photo voltaic plant within the Feriana area of Tunisia.
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 Excessive Influence Partnership on Local weather Motion. The funding can be delivered to Centrale Solaire Feriana B, a particular function automobile owned by European renewables developer Qair.
EBRD has invested greater than €2.2 billion in 70 tasks because it started operations in Tunisia in 2012.
“The nation has robust potential for wind and photo voltaic sources, and this funding will contribute to the event of privately owned renewable power and diversification of the power combine,” mentioned Aida Sitdikova, EBRD director, head of power Eurasia MEA.
Eric Boutemy, Qair Tunisia director, mentioned the mission will contribute to Tunisia’s goal of reaching 30% renewable power manufacturing by the tip of the last decade.
Tunisia had deployed 506 MW of photo voltaic by the tip of final yr, up from 197 MW by the tip of 2022, in response to figures from the Worldwide Renewable Power Company (IRENA).
Earlier this month, Dubai-based Amea Energy mentioned that building is underway on a 120 MW photo voltaic plant in northeastern Tunisia.
Qair, is predicated in Paris, develops, funds, operates and owns renewable power crops. In December 2023, it mentioned it had reached 1.4 GW of operational capability and tasks beneath building.
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