📋 Tender Overview
Project ID: 56180
Status: In Exploratory, Pending Final Review
Location: Tunisia
Business Sector: Energy
Notice Type: Private
Environmental Category: B
Approval Date: 11 Nov 2025
Disclosure date: 06 Oct 2025
Project Description
Provision of senior debt financing of up to EUR 19.0 million to fund the construction and operation of a 100 MW solar photovoltaic plant and its associated transmission infrastructure, located in the governorate of Gafsa in Tunisia (the "Project"). The electricity produced by the Project will be sold to Societe Tunisienne de l'Electricite et du Gaz ("STEG") the off-taker for the Project under a 25-year Power Purchase Agreement. The Project will benefit from a grant of up to EUR 3 million from the EU Neighbourhood Investment Platform (EU NIP) to cover part of the cost of the transmission infrastructure. In addition, it will receive a first-loss risk guarantee from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. This programme contributes to projects in the European Neighbourhood supporting sustainable investments in energy transition.
Project Objectives
The Project will support the country in meeting its declared renewable energy (RE) target - 35% of electricity generation by 2030 - and will be a strong demonstration effect of the contribution of the private sector in the energy transition of Tunisia.
The Project will also support the development of a gender-responsive Skills Development Strategy and implement an outreach campaign focused on increasing women's representation in technical and leadership roles in a traditionally male-dominated energy sector.
Transition Impact
ETI score: 80
The Project will contribute to the "Green" transition quality by adding 100 MW of green generation capacity to the Tunisian power system, currently dominated by gas-fired power plants, to support the country's low-carbon transition by reducing its reliance on thermal power generation. That will result in significant CO2 emission savings estimated at c. 143k tonnes per year.
The Project will also support the "Competitive" quality by funding a renewable project developed by private developers in the power generation sector, which remains majority-owned by the state-owned utility STEG. The Project is part of the first 500 MW solar PV projects under the new 1.7 GW renewable energy programme under the Concession Regime, which was competitively tendered in 2024.
