en.Wedoany.com Reported - Scatec, in collaboration with Aeolus SAS, a subsidiary of Japan's Toyota Tsusho Corporation, is jointly developing a solar power plant project in Tunisia. The project was awarded at the end of 2024 as part of a government tender, with a total investment of approximately €96 million. Financiers include the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), among others. Scatec and Aeolus each hold a 50% stake in the project.

The solar power plant is expected to generate approximately 276 million kilowatt-hours of electricity annually, reducing carbon dioxide emissions by nearly 107,000 tons per year. Currently, about 95% of Tunisia's electricity generation comes from natural gas, with over 60% of that relying on imports. By 2030, the country plans to increase the share of renewable energy in its power generation to 35%.

Scatec's shares are listed on the global renewable energy stock index RENIXX World (Renewable Energy Industrial Index), with an early trading price of €8.34.

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