Scatec wins 25-year PPA for 120 MW solar facility in Tunisia

Scatec ASA's signing of a 25-year Power Purchase Agreement (PPA) with Société Tunisienne de l’Électricité et du Gaz (STEG) for a 120 MW solar facility in Tataouine, Tunisia, represents a significant step in the country's energy transition. The project, requiring an estimated €80 million capital expenditure, aligns with Tunisia's strategy to diversify its energy sources and reduce its dependence on fossil fuels. Scatec, as the developer, owner, and operator, brings its expertise in renewable energy solutions to this project, further solidifying its presence in emerging markets. The deal is notable for its size, the involvement of a reputable international renewable energy player like Scatec, and its potential impact on Tunisia's energy mix. The 120 MW capacity will contribute meaningfully to the country's renewable energy generation capacity. Furthermore, the long-term PPA provides Scatec with revenue certainty and supports the financial viability of the project. This project could serve as a model for future renewable energy developments in Tunisia and the broader region.