AMEA Power seals $86 million deal for 120 MW solar plant in Tunisia

A 120 MW solar project in Tunisia, reached financial close with $86 million from AMEA Power, IFC, and the African Development Bank under a Build-Own-Operate model.

By Karthik Srivasthav G 30 Mar 2025 in Project Bytes Business Bytes

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The 120 MW solar plant has been expected to supply 222 GWh yearly, powering 43,000 homes once commissioned by mid-2025. Image Source: AMEA Power

UAE-based renewable energy developer, AMEA Power has reached financial close on its 120 MW PV project in Tunisia. The $86 million asset is under-development under a Build-Own-Operate model by a Tunisia-based subsidiary of AMEA, Kairouan Solar Plant. The facility is slated to be commissioned by H1 2025 and is expected to generate 222 GWh of clean electricity annually, providing over 43,000 households. AMEA Power said that the project will avoid 117,000 tons of carbon emissions over its operational life. Financing has been secured from the International Finance Corporation and the African Development Bank. As per the company, this is the first solar project in Tunisia to reach financial close under the concession regime for projects above 10 MW.

#Tunisia #IFC #KairouanSolarPlant #AMEApower

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AMEA Power seals $86 million deal for 120 MW solar plant in Tunisia

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