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Wednesday 21 October 2020
Home News Tunisia: Akuo Energy, partners sign PPA for 10MWp solar project

Tunisia: Akuo Energy, partners sign PPA for 10MWp solar project

A tie-up of Akuo Energy, HBG Holding and Nour Energy has signed a power purchasing agreement (PPA) for a 10-MWp solar project that they secured in a recent tender in Tunisia.

The trio won the Gabes photovoltaic (PV) project by quoting a tariff of TND 0.12800 per kWh (USD 0.0472/EUR 0.0397).

As a result, they have signed a PPA with Tunisia’s state-owned utility “Societe Tunisienne de l’electricite et du gaz” (STEG), French renewable power producer Akuo Energy said on Wednesday.

To be installed in Gabes governorate, the solar park is planned to go live in 2022 and generate around 23 GWh of electricity per year. It will be equipped with bifacial panels and solar-tracking technology.

The off-take deal marks Akuo’s entry in the Tunisian market. The French firm and its Tunisian partners expect to complete the project financing next year.

Tunisia aims to lift the share of renewables in its total power production from 3% now to 30% by 2030. The country is holding a series of tenders with the goal of adding 1 GW of renewables in 2017-2020 and 1.25 GW in 2021-2030.

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