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A French renewable energy company has closed financing to construct and operate two 10MW solar PV plants in Feriana town in Tunisia.
Financing of €3.9 million ($4,144m) for each plant was approved by the European Bank for Reconstruction and Development (EBRD).
The solar plants form part of Tunisias energy diversification goals and are meant to help reduce the countrys C02 emissions, aligning with the Tunisian Solar Plan to increase its share of renewables in electricity generation to around 35% by 2030.
Qair owns 100% of the first project, while the second project is a joint venture between Qair (39%) and Mazarine Energy (61%). Following the construction phase, both projects will be operated by Qair.
According to the EBRD both projects include the construction of an access road that follows an existing track and the construction of a 3km low voltage transmission line connecting to the STEG (Tunisian gas and electricity company) substation located in Feriana town, in the Kasserine Governate of Tunisia.
"The Project will result mainly in environmental and social (E&S) benefits related to the low carbon transition of Tunisias electricity generation and the creation of employment opportunities.
"Land acquisition for the PV site, access road, and transmission line is not associated with any physical displacement and was settled following a willing buyer-willing seller transaction, where the land will be leased to the Sponsor (Qair) for 25 years," reads the EBRD project summary. |
