Tunisian Photovoltaic Energy Storage Configuration Company

Why is Tunisia launching a 120MW solar project?

“The Government is expressing its firm commitment to successfully develop the 120MW Kairouan PV Solar project, which represents a significant step forward in the country’s energy transition,” said Tunisia’s Head of Government, Ahmed Hachani.

When did Tunisia ratify the solar concession agreement & Power Purchase Agreement?

The Concession Agreement and the Power Purchase Agreement were signed in June 2021 and ratified by the government of Tunisia in May 2022. This is the first solar project to reach financial close under the concession regime in Tunisia. The concession regime covers projects over 10MW for solar PV, awarded through a competitive bidding process.

What is AMEA power doing in Tunisia?

Dubai, United Arab Emirates; September 26th 2023: AMEA Power, one of the fastest growing renewable energy companies based in the Middle East, announced today it has reached financial close on its 120MW solar PV project in Tunisia. When commissioned, the US$86 million project, will be the company’s first operational asset in the country.

Who owns Kairouan solar plant?

The solar plant is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and fully owned by AMEA Power, and will be located in Metbassta, Kairouan governorate. The project is being financed by IFC, a member of the World Bank Group, and the African Development Bank (AfDB).

What is the solar concession regime?

The concession regime covers projects over 10MW for solar PV, awarded through a competitive bidding process. The solar project is being built under a Build-Own-Operate (BOO) model and will generate 222 GWh of clean energy per year, enough to power more than 43,000 households.