The PPA was awarded in a government tender to support Tunisia’s ambitious renewable energy targets and enhancing the country's energy security.
“Tataouine strengthens our platform in Tunisia and reflects our ability to scale through repeatable, high-quality opportunities in our growth markets” said Terje Pilskog, CEO of Scatec. “With long-term contracted revenues and a capital-efficient development model, this project supports our strategy for profitable, self-funded growth.”
The total capital expenditure (capex) for the project is estimated at 80 million euros and will be financed by a combination of non-recourse debt and equity. Scatec currently owns 100 percent of the project and will invite equity partners to reduce its ownership stake. Scatec is further in dialogue with selected financial institutions for debt financing of the project. The total financing structure will be communicated at financial close which is expected in the first half of 2027.
Scatec will be the designated Engineering, Procurement and Construction (EPC) provider with an EPC scope of approximately 80 percent of capex, and will provide Asset Management (AM), and Operations & Maintenance (O&M) services once the plant is operational.
In other news, Scatec has also been awarded a 25-year PPA with STEG for a 75 MW wind farm, to be developed in partnership with Aeolus SAS (Aeolus), part of the Japanese conglomerate Toyota Tsusho Group. The El Fahs wind farm will be Scatec’s first wind project in Tunisia.
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