AMEA Power, a leading renewable energy firm in the Middle East, has begun constructing the 120 MW Kairouan Solar Project in Tunisia. This project, owned entirely by AMEA Power and operated under a Build-Own-Operate model, secured funding of $86 million from the International Finance Corporation and the African Development Bank. It was awarded through Tunisia’s Ministry of Industry and SMEs tender program, marking the first concession-based project to reach financial closure. Expected to be operational by Q4 2025, the plant will generate 222 GWh annually, providing power to 43,000 households and reducing carbon emissions by 117,000 tonnes. Project permits were approved by Tunisia’s government in May 2022.
AMEA Power breaks ground on Kairouan project
With commissioning slated for Q4 2025, the Kairouan plant will be AMEA Power’s inaugural operational asset in Tunisia. (Image Credit: AMEA Power)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)