Page 12 - AfrElec Week 08 2022
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AfrElec RENEWABLES AfrElec
Amarenco, SolarizEgypt
form JV to invest in 300 MW
of new solar projects
EGYPT LEADING global independent solar power pro- The new joint venture will offer clients a clean
ducer Amarenco Group has agreed to acquire source of electricity at a discounted rate, giving
74% of SolarizEgypt’s solar energy portfolio them a competitive edge, the companies said in
and form a joint venture to co-develop 300 MW their press release.
of new solar energy projects in Egypt with an SolarizEgypt is a significant player in the
estimated EGP4bn ($255mn) investment to be Egyptian solar energy market, having secured a
deployed over the next four years, the two com- portfolio of more than 50 MW worth of signed
panies said in a joint press release. power purchase agreements (PPAs) over the
The joint venture, named SolarizEgypt past eight years with major conglomerates such
Amarenco & Co., will leverage both companies’ as Orascom Development Holding (El Gouna
strong knowledge and expertise to provide best- & Makadi heights), Arabian Cement Company,
in-class services to the Egyptian energy sector. Coca Cola Bottling, and others.
Tunisia to unveil 3,800-MW
solar energy plan to 2030
TUNISIA THE Tunisian government is expected to unveil installed renewable energy capacity, of which
a national energy strategy that aims to produce 244 MW was wind power, 89 MW solar power
3,800 MW of solar energy by 2030, the TAP news (79 MW by private entities and 10 MW by
agency reports. STEG) and 62 MW of hydroelectric power, rep-
According to the strategy, Tunisia will reduce resenting a combined 6% of national energy pro-
30% of primary energy consumption and pro- duction capacity.
duce 30% of its electricity from renewable energy Tunisia’s energy deficit currently amounts to
by 2030. 60% and in the absence of major discoveries in
The government has launched calls for ten- hydrocarbons or natural gas, the North African
ders to promote investment in renewables, country needs to develop renewable energy to
with a total capacity of 1,100 MW. It has also ensure its security of energy supply.
announced plans to upgrade the renewable
energy infrastructure.
By last year, Tunisia had about 400 MW of
P12 www. NEWSBASE .com Week 08 24•February•2022
