Gafsa Solar Park is a 120MW solar PV power project. It is planned in Gafsa, Tunisia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 120 | – | 120 | Permitting | Gafsa, Tunisia | ENGIE Africa; Nareva Holding |
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Description
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The project is being developed by ENGIE Africa and Nareva Holding. These companies also have ownership stakes in the project.
Gafsa Solar Park is a ground-mounted solar project.
The project is expected to supply enough clean energy to power 100,000 households, to offset 150,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $286.224m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to Societe Tunisienne de l’Electricite et du Gaz under a power purchase agreement. The power will be sold at the rate of $0.027kWh for a period of 20 years. The capacity to be procured is 100MW.
About Nareva Holding
Nareva Holding SA (Nareva Holding), a subsidiary of Societe Nationale d’Investissement S.A. is an energy company. It operates multiple wind farm projects. The company also carries out the construction of coal-powered electricity generation units. Nareva Holding is headquartered in Casablanca, Morocco.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
