30/12/2022
β
approved a loan package of $27 million (about 85.3 million dinars) and 10 million euros (about 33.5 million dinars) to contribute to financing the construction of a 100 megawatt solar power plant in πΉπ³, according to what the bank revealed. On December 22, 2022.
The project is located in the , north of , about 150 km south of πΉπ³. It is one of five green projects approved by the government since 2019. The Solar Energy Company, in cooperation with the -based Ameya Power Company, will manage the project.
βThe Kairouan solar PV project with a capacity of only 100 MW will not only pioneer the other grid-based solar and wind projects currently under development in πΉπ³, but It will also be a benchmark for the possibility of financing renewable energy projects in the country since it is based on sustainable agreements, which have been negotiated over the past three years under very stressful market conditions.β
βWe are delighted to be supporting the first independent solar power plant project in Tunisia,β said Elle Shonibare, Director of Energy Financial Solutions, Policy and Regulation at the African Development Bank. The success of the deal, which has reached the highest standards of bankability after months of negotiations with the Tunisian authorities, provides a useful model for future projects, which will help bring the country closer towards achieving the governmentβs clean energy target of 35 percent,β noted the bankβs director of renewable energy and energy efficiency, who is responsible for The Africa Sustainable Energy Fund, Daniel Schroth, noted that the terms of the Africa Sustainable Energy Fund under the program are likely to absorb the project cost increase associated with COVID-19, and maintain project economics at acceptable levels to achieve financial closure.βThe Kairouan solar project embodies the catalytic effect of the sustainable and affordable energy services in Africa,
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πΉπ³
