EBRD Considers €32M Loan to Support Scatec-Aeolus Solar Project in Tunisia

The European Bank for Reconstruction and Development (EBRD) is considering granting a EUR-32-million (USD 36.9m) loan to support a 100-MW solar project developed by Norwegian renewables company Scatec ASA (OSL:SCATC) and a unit of Toyota Tsusho Corp (TYO:8015) in Tunisia.

The proposed senior debt financing will fund the construction and operation of a solar power plant and its associated transmission infrastructure in the governorate of Sidi Bouzid. A final decision on the transaction is expected by September 10, 2025.

The EBRD said it has also mobilised a EUR-3-million grant from the EU Neighbourhood Investment Platform (EU NIP) to cover part of the cost of the transmission infrastructure.

Estimated at EUR 92.7 million, the project is equally owned by Scatec and Aeolus SAS. It forms part of the initial 500-MW tranche of solar projects under Tunisia’s broader 1.7 GW renewable energy programme, launched under the Concession Regime and competitively tendered in 2024.

(EUR 1 = USD 1.155)