The financing includes a €3.9 million EBRD loan and up to €1 million in concessional funding from Finland under the EBRD's High Impact Partnership on Climate Action. The project, developed by Qair, a European renewable energy company, will generate 10 MW of private renewable energy and is expected to save 8,560 tonnes of CO2e emissions annually.
This project, awarded through an open tender, is among the first under Tunisia's renewable energy regulatory framework and supports gender equality by promoting women's inclusion in the sector.
Aida Sitdikova, EBRD Director, Head of Energy Eurasia MEA, stated, “We are proud to partner with Qair to support Tunisia's energy transition. This investment will enhance privately owned renewable energy and diversify the energy mix.”
Eric Boutemy, Qair Tunisia Director, added, “We thank the EBRD for its crucial support. This collaboration is key to achieving Tunisia's goal of 30% renewable energy by 2030.”
Qair, with a 1.4 GW portfolio, develops and operates various renewable energy plants. Since 2012, the EBRD has invested over €2.2 billion in 70 Tunisian projects and supported more than 1,200 SMEs with EU-funded assistance.
