Scatec signs a 25-year power purchase agreement for a 120 MW solar plant in Tunisia , in partnership with Aeolus SAS. This project aims to contribute to the country’s goals of increasing the share of renewable energy in its energy mix.
The agreement with the state-owned company STEG was concluded following a public tender in December 2024. In addition, Scatec, together with Aeolus, will invest €87 million in the Sidi Bouzid II project , with an equal stake of 50%. Financial closing is planned for the second half of 2025.
Scatec leads the way with its 120 MW solar plant
This project is part of Scatec ‘s strategy to increase renewable energy capacity in emerging markets, with a focus on solar and wind projects . Tunisia, which relies primarily on gas imports to generate electricity, is seeking to reduce its energy dependence through the expansion of renewable sources.
To achieve its goal of 30% renewable energy by 2030 , the country plans to hold more solar and wind energy auctions in the coming years. Scatec, with over 4.8 GW in operation and construction globally, continues to consolidate its presence in Tunisia as a leader in the solar sector.
This agreement also highlights the importance of projects like Sidi Bouzid II, which are essential to ensuring Tunisia’s energy security and mitigating the effects of climate change. According to Terje Pilskog, CEO of Scatec, this agreement marks a key step in the country’s energy transition and demonstrates Scatec’s continued commitment to the region.
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Source and photos: Scatec
