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A power purchase agreement (PPA) has been signed with Société Tunisienne de l’Electricité et du Gaz for a 10MWp solar PV project in Gabès, Tunisia. The project is owned by France’s Akuo Energy Sasu, Hédi Bouchamaoui Group (HBG) Holding, a diversified group owned by the Hedi Bouchamaoui family, and Imoobilière Chaabane group company Nour Energy. Financial close is expected in 2021, with commercial operations in 2022.
“During recent years, Tunisia has seen a decline in energy production and a strong increase in demand. The deployment of renewable energies will allow us to rebalance the equation and reduce the energy deficit”, HBG Holding managing director Firas Saied said. Tunisia aims to increase the share of renewable energy in electricity production from 3% currently to 30% by 2030.
The $6.5m project is expected to generate 23MWh/yr and will consist of bi-facial solar PV panels mounted on trackers which rotate to follow the sun. It is part of the second 70MW round of Tunisia's Ministry of Energy, Mines, and Renewable Energy’s solar procurement programme announced in May 2017. 60MW of capacity was allocated to projects with up to 10MW capacity and 10MW allocated to smaller 1MW projects.
Nour Energy managing director Nour Chaabane said, “Nour Energy's ambition is to become a major player in the development, financing, construction and operation of renewable energy projects. This project is an important step towards achieving this vision.”
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