Amea Energy has began the development of a 120 MW photo voltaic plant in northeastern Tunisia. As soon as operational, the plant is predicted to generate 222 GWh of unpolluted vitality per yr.
Dubai-based Amea Energy has began constructing a 120 MW photo voltaic plant in Tunisia.
The venture, situated in northeastern Tunisia, is being applied below a build-own-operate foundation by Kairouan Photo voltaic Plant, a venture firm that’s registered in Tunisia and totally owned by Amea Energy.
Monetary shut was reached on the $86 million venture in September 2023, as a consequence of funding from Worldwide Finance Corp. and the African Improvement Financial institution. Commissioning of the plan is scheduled for the ultimate quarter of 2025. As soon as commissioned, will probably be Amea Energy’s first operational asset in Tunisia, producing 222 GWh of unpolluted vitality per yr and powering greater than 43,000 households.
Hussain Al Nowais, Amea’s Chairman, says the venture can also be Tunisia’s first privately-financed photo voltaic venture.
“By profiting from its renewable vitality assets, and its strategic location between North Africa and Europe, Tunisia can develop into a major location for inexperienced vitality and commerce,” he added.
A 20-year energy buy settlement was signed in June 2021 with Société Tunisienne de l’Electricité et du Gaz, Tunisia’s state-owned nationwide electrical energy and fuel utility firm. It was ratified by the federal government of Tunisia in Could 2022.
Amea Energy claims to have initiatives in 20 nations masking photo voltaic, vitality storage, wind and inexperienced hydrogen, totaling greater than 1.6 GW in operation and below or close to development, along with one other 6 GW within the pipeline. In November 2023, it introduced the closing and funding of a $75 million fairness funding spherical from Japan’s Softbank Group.
Based on the Worldwide Renewable Vitality Company, Tunisia had deployed 506 MW of photo voltaic on the finish of 2023, up from 197 MW on the finish of 2022.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: editors@pv-magazine.com.
