Scatec starts building 120 MW Sidi Bouzid II solar plant in Tunisia
Renewable-energy company Scatec has reached financial close and started construction on the 120 MW Sidi Bouzid II solar plant, in Tunisia.
The €96-million project is expected to reach commercial operation in the second half of 2027.
The Sidi Bouzid II project will generate 276 GWh/y of electricity and reduce CO2 emissions by nearly 107 000 t/y, Scatec says.
In Tunisia, 95% of electricity generation is based on natural gas, of which more than 60% is imported. Tunisia has a target to reach 35% of generation from renewable sources by 2030. Renewables contribute to reducing the cost of generation, as well as increasing energy independence, Scatec adds.
The power purchase agreement was awarded in December 2024 through a government tender designed to support Tunisia’s ambitious renewable-energy targets and enhance the country's energy security.
The project is being developed in partnership with renewable-energy company Aeolus, with Scatec and Aeolus each owning 50%.
“Sidi Bouzid II is our third project starting construction in Tunisia and reinforces our partnership with Aeolus and our position in Tunisia, with strong fundamentals for renewables and strong growth potential,” says Scatec CEO Terje Pilskog.
“The project demonstrates our ability to scale our business through repeatable tender-based opportunities, backed by a strong partnership with Aeolus and a capital-light execution model.”
Scatec will provide engineering, procurement and construction (EPC), asset management and operations and maintenance services, with the EPC scope accounting for about 75% of the overall capital expenditure (capex).
The total capex for the project will be financed by a combination of non-recourse debt and equity, with a leverage of about 70%.
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