European investment in the project started with a EUR 307.6 million ($330.2 million) grant from the Connecting Europe Facility approved December 2022. The EU later that month approved a EUR 27 million ($29 million) grant under the Neighborhood Investment Platform for the project’s critical infrastructure components in Tunisia. The German bank has invested EUR 13 million ($14 million) for this component, adding to EUR 10 million ($10.7 million) from the EU. For the social and environmental studies component, which is implemented by the EBRD, the EU has invested EUR 5 million ($5.4 million). “Tunisia's solar energy potential is enormous”, Marcus Cornaro, head of the EU delegation in Tunisia, said of the investments.

Source: The North Africa Journal June 18, 2024 16:19 UTC