Tunisia: foreign investors rush for renewable energy

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Tunisia is, indeed, making great strides in the field of renewable energy development and is planning to produce 12% of electricity from renewable energies by 2020, 22% by 2022 and 30% by 2030, in line with the national strategy.

It is in this context that the Government has set up an ambitious program for the energy mix because of the widening of the energy deficit, from 0.6 million tons in 2010, to 4.2 million tons in 2016, more than 45% of primary energy needs.

And like many economies in the Middle East, North Africa and Turkey, Tunisia confirmed that it would seek to increase foreign investment in the renewable energy sector, as it plans to renew its energy over the next few years.

Soon 5 photovoltaic solar power plant projects

According to data provided on Tuesday, July 23, 2019 by the Ministry of Industry and SMEs to AfricanManager, international operators have expressed great interest in the construction of five solar photovoltaic power plants in the governorates of Tozeur, Sidi Bouzid, Kairouan, Gafsa and Tataouine.

These are concession projects for the production of 500 megawatts of electricity from renewable energies (solar photovoltaic), production planned by Tunisia as part of its solar plan and its strategy to promote green energy. The production rates offered as part of the financial offers collected vary between 71.8 and 84.1 millimes kilowatt per hour.

The pricing proposed by the Norwegian company Scatec, for the realization of the solar PV plant of Tataouine, with a capacity of 200 megawatts (71.8 millimes per kilowatt hour) “is the lowest on the African scale and among the best international pricing”.

According to the same source, these tariffs will reduce the costs of electricity production nationwide and reduce natural gas imports by 5%.

These projects, which cost 1,200 million dinars, will start operating in 2021.

Renewable energies in Tunisia represent only 3% of energy production despite the great potential that this sector presents to cover the needs of the country and even to export. This rate could be increased to 30% in 2030.

The energy transition in Tunisia remains an imperative necessity imposed by climate change and economic requirements, not to mention the opportunities that investment in this field provides in terms of employability, as it is the case in Morocco and Italy.

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