Global Infrastructure Sherpa

Marubeni and Voltalia secure Japan JCM financing for 130 MW solar project in Tunisia

Type: Financing · Technology: Solar · Country: Tunisia · Capacity: 130 MW · Announced: 2026-03-19

Marubeni Corporation and Voltalia secured financing through Japan’s Joint Credit Mechanism (JCM) for the development of a 130 MW solar project in the Gabès region of southeastern Tunisia. The project was approved during the JCM’s application round held between April and September 2025, with the Global Environment Centre Foundation (GEC) in Osaka serving as the implementing body. Electricity generated will be sold to the Société Tunisienne de l'Électricité et du Gaz, displacing fossil fuel-based grid power and reducing greenhouse gas emissions. The JCM, launched in 2011, provides funding covering up to 50% of initial investment costs for low-carbon infrastructure in partner countries. This transaction marks one of the latest solar financings under the bilateral program, which has supported projects in over 30 countries. The Japanese Ministry of the Environment (MOE) selected the project based on its emissions reduction potential and technical viability.

Analysis

Marubeni Corporation and Voltalia have secured financing through Japan's Joint Credit Mechanism (JCM) for a 130 MW solar project in Tunisia's Gabès region. Voltalia, a French renewable energy developer, has a strong presence in Europe and develops, operates, and maintains renewable energy projects globally. Marubeni Corporation, a Japanese trading and investment conglomerate, has a diverse portfolio of businesses, including power and infrastructure services. The project was approved during the JCM's application round held between April and September 2025, with the Global Environment Centre Foundation (GEC) in Osaka serving as the implementing body. The Japanese Ministry of the Environment (MOE) selected the project based on its emissions reduction potential and technical viability.

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