Scatec ASA has been awarded a 25-year Power Purchase Agreement (PPA) with Tunisian state utility Société Tunisienne de l’Electricité et du Gaz (STEG) for a 120 MW solar power plant (Tataouine) in Tunisia. The PPA was awarded in a government tender to support Tunisia’s ambitious renewable energy targets and enhance 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. With long-term contracted revenues and a capital-efficient development model, this project supports our strategy for profitable, self-funded growth,” says Terje Pilskog, CEO of Scatec.
The total capital expenditure (capex) for the project is estimated at EUR 80 million and will be financed by a combination of non-recourse debt and equity. Scatec currently owns 100% 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% of capex, and will provide Asset Management (AM), and Operations & Maintenance (O&M) services once the plant is operational.
