STEG Seeks €40 Million EBRD Loan for 50 MW Solar and Battery Storage Project in Tunisia
Société Tunisienne de l'Electricité et du Gaz (STEG) plans to secure a €40 million loan from the EBRD for a 50 MW solar and battery storage project in Tunisia's El-Medina region. The project, costing €82 million, aims to enhance energy security and support Tunisia's goal of generating 35% of electricity from renewable sources by 2030. The EBRD loan will cover nearly half of the total investment, with additional financing from international lenders and STEG's resources.
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STEG is seeking a €40 million loan from the EBRD for a 50 MW solar and battery storage project in El-Medina, Tunisia. The total project cost is estimated at €82 million, with the EBRD loan covering almost half.
The solar park will integrate a battery energy storage system to manage solar power variability, providing a stable electricity supply. This initiative supports Tunisia's goal of generating 35% of electricity from renewables by 2030. The EBRD is reviewing the project's environmental and social aspects and will provide technical support to enhance STEG's operations and renewable energy integration.
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