Global Infrastructure SherpaMarubeni and Voltalia secure Japan JCM financing for 130 MW solar project in Tunisia
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.
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- 130 MW solar project in Tunisia's Gabès region
- Financing secured through Japan's Joint Credit Mechanism (JCM)
- Project approved between April and September 2025
- Global Environment Centre Foundation (GEC) in Osaka as implementing body
- Japanese Ministry of the Environment (MOE) selected the project
Source Intelligence
The JCM, launched in 2011, provides funding covering up to 50% of initial investment costs for low-carbon infrastructure in partner countries. The project was approved during the JCM’s application round held between April and September 2025. The project qualifies for the carbon financing program as it reduces greenhouse gas emissions by replacing part of the electricity from the fossil fuel-derived grid power with renewable energy.
"According to details on GEC’s website, it will be developed by Japanese conglomerate Marubeni Corporation in collaboration with French renewables developer Voltalia, with the electricity generated sold to the Tunisian company of electricity and gas."
"According to details on GEC’s website, it will be developed by Japanese conglomerate Marubeni Corporation in collaboration with French renewables developer Voltalia, with the electricity generated sold to the Tunisian company of electricity and gas."
"The Osaka-based Global Environment Centre Foundation (GEC) acts as the implementing organization, with the Japanese Ministry of the Environment (MOE) responsible for selecting projects."
"The Osaka-based Global Environment Centre Foundation (GEC) acts as the implementing organization, with the Japanese Ministry of the Environment (MOE) responsible for selecting projects."
"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."
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