Projects

Bir El Haffey

Period

2020

Country

Tunisia

Sector

Renewable energy

Financial facility

ElectriFI

ElectriFI’s debt investment unlocked Belgian DFI’s BIO debt financing, allowing the first project financing for a renewable energy independent pover producer in Tunisia. It will pave the way for other, similar projects to be financed on a no- or limited-recourse basis.

Project overview

ElectriFI committed EUR 1.93 million to allow the first project financing for a renewable energy independent pover producer in Tunisia, consisting in a 10 MWp photovoltaic power plant in Central Tunisia, in the Governate of Sidi Bouzid. This project will pave the way for other similar projects to be financed on a no or limited recourse basis and will add the equivalent of 24,500 new implied connections, while saving about 9,900 tons of CO2 per year.

Logo

Funding objective

Funding objective is to bring debt alongside a co-lender to ensure that the project company has together with the equity provided by the sponsors the financial resources to build the plant and connect it to the national grid.

Investment rationale

This project will be one of the first photovoltaic independent power producer in Tunisia. It will pave the way for other similar projects to be financed on a no or limited recourse basis. It will also add the equivalent of 24,500 new implied connections, while saving about 9,900 tons of CO2 per year. The project is also expected to create 80 new jobs during construction and 5 to 10 new jobs during operation.

Key Indicators

Financial Instrument

Debt

Amount

EUR 1.93m

Year

October 2020

Targeted impact

Number of beneficiaries
98,000
Annual output
18,000 MWh/y
GHG avoidance
9,900 tCO2eq/y