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Wednesday 4 August 2021
HomeNewsTunisia seeks to invest nearly 1 billion dinars/year to secure energy independence

Tunisia seeks to invest nearly 1 billion dinars/year to secure energy independence

Tunisia eyes 30% renewables share by 2030 and seeks to invest nearly 1 billion dinars/year to secure energy independence, said Director General of Electricity and Energy Transition at the Ministry of Industry, Energy and Mines Belhassan Chiboub.

Renewable energies are an engine for economic and social development that will generate jobs and cut the cost of power production, the official added at a roundtable meeting held in Tunis on the funding and implementation of a solar project.

The renewables development program, put in motion in 2015, is designed to reach a capacity of 4 gigawatts by 2030, that is 500 megawatts annually, he further said.

Quentin Peignaux, in charge of the Environment, Energy and Climate Program at the European Union, said the European bloc is committed to underpin Tunisia’s energy transition.

The EU will have to import much clean energy to attain its carbon neutrality. target by 2050, he further said. 

“To this end, the EU needs a market in the immediate proximity, one which is dynamic and can produce beyond its own needs.”

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