- The European Bank for Reconstruction and Development financed Project B with EUR 3.9 million, which aims to construct and operate a 10MW solar PV plant.
- The project, categorised as Environmental Category B, signifies a strategic move towards a low-carbon transition in Tunisia’s electricity generation.
Tunisia has launched an initiative, Project B, a pioneering solar photovoltaic power plant in Feriana town. This initiative, backed by Qair Solar, marks a significant milestone in Tunisia’s efforts to diversify its energy mix and reduce reliance on fossil fuels.
The European Bank for Reconstruction and Development (EBRD) financed Project B with EUR 3.9 million, which aims to construct and operate a 10MW solar PV plant. The project, categorised as Environmental Category B, signifies a strategic move towards a low-carbon transition in Tunisia’s electricity generation.
One of the primary objectives of Project B is to contribute to Tunisia’s renewable energy goals while creating employment opportunities in the region. Through rigorous environmental and social due diligence conducted by independent consultants, the project has been deemed feasible and manageable, with minimal environmental impacts.
In addition, the project’s financing structure demonstrates the EBRD’s commitment to providing additional terms and conditions not readily available from local commercial sources. This support underscores the bank’s dedication to fostering sustainable development and facilitating private ownership in renewable energy projects.
Qair Solar, in collaboration with Mazarine Energy BV, has taken the lead in spearheading Project B to establish it as a flagship initiative in Tunisia’s solar energy landscape. Furthermore, the project incorporates enhanced supply chain due diligence to mitigate risks and uphold ethical labour practices throughout the procurement process. Qair Solar’s commitment to zero tolerance for labour violations underscores its dedication to responsible and sustainable business practices.