{"id":86869,"date":"2024-09-23T00:00:00","date_gmt":"2024-09-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/23\/scatec-aeolus-break-break-ground-on-tozeur-solar-project-in-tunisia\/"},"modified":"2024-09-23T00:00:00","modified_gmt":"2024-09-23T00:00:00","slug":"scatec-aeolus-break-break-ground-on-tozeur-solar-project-in-tunisia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/23\/scatec-aeolus-break-break-ground-on-tozeur-solar-project-in-tunisia\/","title":{"rendered":"Scatec + Aeolus break break ground on Tozeur solar project in Tunisia"},"content":{"rendered":"

<\/strong>Tozeur solar project is under development: <\/strong>Tunisia has broken ground on a TND 135 mn, 50 MW solar plant in Tozeur developed by Norway\u2019s Scatec and Toyota subsidiary Aeolus, according to a statement<\/a> published on Thursday. The project is set to begin production by the end of 2025, the statement notes.<\/p>\n

What\u2019s next?<\/strong> Scatec \u2014 which was <\/span>awarded a 20-year power purchase agreement<\/a> with the option to extend 10 years from the Tunisian state utility firm Soci\u00e9t\u00e9 Tunisienne de l\u2019Electricit\u00e9 et du Gaz \u2014 is developing two EUR 79 mn solar projects in Sidi Bouzid and Tozeur in partnership with Aeolus. The Norwegian company will handle Engineering, Procurement & Construction, Asset Management, and Operations & Maintenance services.<\/span><\/p>\n

The latest developments:<\/strong> Aeolus and Scatec signed a partnership agreement last month to jointly develop and own the solar projects in Tunisia last month. Aeolus acquired a 49% ownership stake in the projects under the agreement. The projects also reached financial close in parallel to signing the partnership agreement, a statement noted at the time.<\/p>\n

EBRD is backing the projects:<\/strong> The European Bank for Reconstruction and Development (EBRD) and the French development agency Proparco are lending the developers EUR 25 mn<\/a> for the projects. The EBRD's financing package includes a EUR 12.5 mn loan, a EUR 8.2 mn concessional tranche from the Bank\u2019s Clean Technology Fund (CTF), and another EUR 4.6 mn tranche from its Global Environment Facility.<\/p>\n

Part of a bigger plan:<\/strong> Tunisia has set a national strategy to develop solar plants with a combined capacity of 500 MW<\/a> across the country, with a target to have clean energy sources comprise 35% of its electricity mix by 2030, and its unconditional emissions reduction target to slash 27% \u2014 35 mn tons of CO2 \u2014 by 2030 compared to 2010 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pair are developing two EUR 79 mn solar projects in the country<\/p>\n","protected":false},"author":1,"featured_media":86870,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,330,94,42,294],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-scatec","tag-solar","tag-solar-energy","tag-tunisia","wpautop","entry"],"acf":{"mongo_id":"ebf47ba1-ae32-477e-b4a6-de44abb8b9f1","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/717.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Scatec + Aeolus break break ground on Tozeur solar project in Tunisia","related_issue":[86864],"teaser":"The pair are developing two EUR 79 mn solar projects in the country","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.e3535a0b-2d8e-46a3-9231-515962cdb11f.mp3"},"yoast_head":"\nScatec + Aeolus break break ground on Tozeur solar project in Tunisia - 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