2024-03-23 14:41:24
Tunisia is preparing to take a significant step in its journey towards energy transition thanks to the recent announcement of two major solar projects, benefiting from financial support from Japan. With a capacity of 50 MW each, these projects represent a notable advance in the field of renewable energy for the country.
The initiative was revealed by the Japanese Embassy in Tunisia, highlighting Japan’s growing commitment to international cooperation in the field of sustainable energy. These projects, located in Sid Bouzid and Tozeur, were selected to receive grants from the Japanese Ministry of the Environment under the Carbon Credit Trading Mechanism (CCM), a program aimed at encouraging the development of projects in offering significant financial support.
The financing granted represents up to half of the initial investment cost, with a ceiling of 2 billion yen per project, or approximately 41.2 million Tunisian dinars. These substantial amounts demonstrate the importance Japan places on promoting clean energy and reducing greenhouse gas emissions.
Details of the two projects reveal promising estimates in terms of reducing CO2 emissions. In Sid Bouzid, the project led by Eurus Energy Holdings Corporation provides for an annual reduction of 47,101 tonnes of CO2, while in Tozeur, an expected reduction of 48,157 tonnes of CO2 per year is envisaged. These figures illustrate the significant impact that these installations will have on the environment, thus contributing to the fight against climate change.
This collaboration between Japan and Tunisia is not limited only to the financial aspect. Indeed, it also demonstrates broader cooperation in the field of renewable energy, symbolizing the two countries’ mutual commitment to a sustainable energy future. The signing of a Memorandum of Understanding relating to the MCC during TICAD 8 in August 2022 and the establishment of a Joint MCC Commission in June 2023 have strengthened bilateral ties in this crucial area.
These two solar projects mark a first for Tunisia and reflect a new era of partnership with Japan in the renewable energy sector. Additionally, the recent signing of an agreement between the Minister of Industry, Mines and Energy and the Resident Representative of the Japan International Cooperation Agency (JICA) highlights Japan’s continued commitment to supporting the electrical development in Tunisia.
This collaboration is not unprecedented, with Japan having already provided support for several major energy projects in Tunisia, including the construction of the three Radès power plants. These initiatives demonstrate the mutual trust between the two nations and pave the way for future fruitful collaborations in the field of sustainable energy.
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