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Emerging Markets Tunisia: Roadmap to Achieve 4.7GW of Renewable Energy by 2030
9th December 2020 @ 11:00 am - 1:00 pm CET
The Middle East confirms the growth and importance of solar power in the region’s energy landscape. Leading countries of the region are steadily commissioning large projects and launching additional phases of their renewable energy and solar programs (KSA,Morocco, Egypt and the UAE) and other countries of the region are coming on board. Projects in the pipeline are now tendered in Oman,Kuwait, KSA, Tunisia and countries like Pakistan and Iraq are engaging their first large utility size projects.The value of solar projects that are currently operational in the region is estimated at $ 5 billion to $ 7.5 billion and the total value of projects expected to come online by 2024 at $15 billion to $ 20 billion. The total investment in renewables in MENA between 2019-2023 at 34% of the total investment in the power sector (USD 210 billion) which amounts to an estimated USD 71.4 billion.
In May 2017, the Tunisian government contracted seven 10 MW projects from domestic companies and Tunisian-international consortia. Construction of the first project started in May. The government launched a second tender for 70 MW of solar last year. The authorities decided on six 10 MW projects proposed by Tunisian and international developers. The government launched a third tender in July 2019, and finalized a 500 MW solar tender in December 2019.By the end of last year, Tunisia’s cumulative installed PV capacity stood at just 62 MW, according to the International Renewable Energy Agency (IRENA)