Tunisia Seeks $7 Billion to Fund Shift Toward Cleaner Energy

Tunisia’s is seeking to draw a third of its power supply from renewables by 2030, reducing its dependence on natural gas imports in a program that will require some $7 billion of investment.

Energy and Mines Minister Mongi Marzouk said the country has about 148 megawatts of renewable power generation capacity now, about 4 percent of its total supply. He wants to expand that portion to 30 percent or about 16 gigawatts by 2030.

Natural gas currently makes up about 95 percent of Tunisia’s energy supply. The nation has rich potential for solar and wind plants, he said in an interview in Berlin where he was discussing ways to draw investment from Europe.

About 250 German companies including Siemens AG were represented at the event in Berlin. The German development bank KfW Group in September said it was offering Tunisia a 112 million euros ($124 million) in loans and non-returnable aid to finance clean energy.

The North African state plans feed-in-tariffs for 10 megawatts of solar for plants and 30 megawatts of wind power through auctions for plants above those generation capacities, Marzouk said in an interview.

Tunisia’s Ministry and Mines has set renewable energy investment milestones, made available at a conference in the German capital. It showed:

  • Investment needed in 2015-2020 timeframe amounts to $1.6 billion, of which $685 million solar (222 MW), $680 million wind (1.45 GW), $231 million biomass (162 MW).
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