The European Union plans to mobilise €172 million to support two solar photovoltaic power plants in Tunisia, each with a capacity of 100 megawatts (MW), as part of efforts to strengthen the country’s energy security and attract private investment in renewable energy.
Announced by the European Commission on October 26, the support includes €92 million for the first plant and €80 million for the second, as well as the infrastructure required to transmit the electricity generated by the facilities.
The Commission has not yet disclosed the projects’ locations, implementation schedules or the specific financial instruments involved.
The €172 million represents the EU’s announced support rather than the total cost of the two projects.
The initiative forms part of the Trans-Mediterranean Renewable Energy and Clean Tech Investment Platform (T-MED), launched in Brussels to facilitate investment in renewable energy and clean technologies across the Mediterranean region.
The platform aims to bring together project developers, financial institutions and private investors to accelerate the financing of energy projects. Its scope includes renewable electricity generation, green hydrogen, power grids, energy storage and electricity interconnections.
Under the initiative, the EU plans to provide up to €4.5 billion in guarantees through the European Fund for Sustainable Development Plus (EFSD+). These guarantees are intended to reduce investment risks and encourage private-sector financing.
By 2035, T-MED aims to mobilise up to €25 billion in investment and contribute to the training of 10,000 workers.
For Tunisia, the two solar projects are expected to support the diversification of electricity production, reduce reliance on imported natural gas and strengthen energy security. They also reflect efforts to increase private-sector participation in the country’s electricity system.
The announcement comes as Tunisia seeks to expand renewable energy capacity and reduce the financial burden associated with conventional energy sources. However, further details on the projects’ financing structures and implementation timelines have yet to be released.
The T-MED platform also covers projects in Egypt, including electricity grid upgrades, green ammonia production and additional wind power capacity in the Gulf of Suez.
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