{"id":88609,"date":"2024-12-12T00:00:00","date_gmt":"2024-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/12\/ebrd-extends-an-equity-bridge-loan-to-scatec-for-tunisian-solar-plants\/"},"modified":"2024-12-12T00:00:00","modified_gmt":"2024-12-12T00:00:00","slug":"ebrd-extends-an-equity-bridge-loan-to-scatec-for-tunisian-solar-plants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/12\/ebrd-extends-an-equity-bridge-loan-to-scatec-for-tunisian-solar-plants\/","title":{"rendered":"EBRD extends an equity bridge loan to Scatec for Tunisian solar plants"},"content":{"rendered":"

<\/strong>EBRD <\/strong>to extend loan for Tunisia\u2019s solar plants:<\/strong> The European Bank for Reconstruction and Development (EBRD) is set to provide an EUR 20.3 mn equity bridge loan to Scatec for the construction and operation of two 50 MW solar plants in Tunisia, according to the project summary documents here<\/a> and here<\/a>. The loans are currently pending approval. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Building on previous financing:<\/strong> EBRD and the French development agency, Proparco, agreed to lend Japan\u2019s Aeolus \u2014 a subsidiary of Toyota\u2019s investment arm Toyota Tsusho Group \u2014 and Norwegian renewables developer Scatec EUR 25 mn<\/a> for the construction of the two solar plants in Sidi Bouzid and Tozeur back in August. 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

Construction is underway:<\/strong> Scatec and Aeolus broke ground<\/a> on the 50 MW plant in Tozeur in September. Scatec \u2014 which was 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 will handle Engineering, Procurement & Construction, Asset Management, and Operations & Maintenance services. Operations are expected by the end of 2025.<\/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 loan will support the construction and operation of two 50 MW solar plants in Tunisia<\/p>\n","protected":false},"author":1,"featured_media":88610,"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":[84],"tags":[83,390,11,330,94,42,294],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-ebrd","tag-enterpriseclimate","tag-scatec","tag-solar","tag-solar-energy","tag-tunisia","wpautop","entry"],"acf":{"mongo_id":"07af9886-bb7d-4c6a-a1fb-637f456b7677","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/717.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EBRD extends an equity bridge loan to Scatec for Tunisian solar plants","related_issue":[88595],"teaser":"The loan will support the construction and operation of two 50 MW solar plants in Tunisia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.4ae0c791-a9de-42a7-b1b4-2272b200508f.mp3"},"yoast_head":"\nEBRD extends an equity bridge loan to Scatec for Tunisian solar plants - 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