Financial Close Achieved for Scatec Solar Plant Tunisia
Scatec ASA has reached financial close on the 120 MW Sidi Bouzid II solar project in Tunisia and has commenced construction. The project is being developed in partnership with Aeolus SAS, a unit of Toyota Tsusho Group, with Scatec holding 50% of the project.
Scatec Solar Plant Tunisia Project Details
The Sidi Bouzid II solar project was awarded through a government tender in December 2024 as part of Tunisia’s strategy to expand renewable energy sources. The estimated total project cost is €96 million, which will be financed with approximately 70% leverage through non-recourse debt and equity.
Lenders and Financial Support for Scatec Solar Plant Tunisia
Senior lenders for the project include the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). The project also receives additional support from the EU Neighbourhood Investment Platform and guarantees from the European Fund for Sustainable Development (EFSD+).
Environmental Impact and Timeline of Scatec Solar Plant Tunisia
Once operational, the solar plant is expected to generate about 276 GWh per year and reduce CO₂ emissions by nearly 107,000 tonnes annually. The commercial operation of the plant is anticipated in the second half of 2027.
Sources for Scatec Solar Plant Tunisia Information
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