(Ecofin Agency) – The African commercial and industrial sector faces high costs of electricity, the supply of which is often unstable. It therefore lends itself to the integration and development of renewable energy solutions, particularly decentralized solar.
Empower New Energy, a Norwegian company financing and participating in the development of solar projects for the commercial and industrial sector in Africa, announced Tuesday, December 17 its first solar investment in Tunisia, as part of a partnership with Mall of Sousse, a shopping center located in the Tunisian capital.
Empower will entrust Indigo Renewables Energy Solutions, its Tunisian partner, with the construction of a state-of-the-art 948 kWp solar roof system for the shopping center. Once operational, it should generate 1,400 MWh of clean electricity annually, enough to avoid more than 1,000 tCO2e over the same period.
« I am delighted to sign the 1is Empower New Energy’s solar investment project in Tunisia, a country already suffering from the effects of global warming and where fossil fuels represent half of the import bill and 97% of the energy mix » said Terje Osmundsen, CEO of Empower.
After sub-Saharan Africa, particularly in Ghana and Nigeria, Empower is strengthening its presence in North Africa, with 2 projects in less than a week. The Norwegian signed a $50 million agreement on Tuesday, December 10 with the company Engazaat to finance the latter’s portfolio of renewable energy projects in Egypt.
Abdullah Diop
Business
