Qair & EBRD Fund Gafsa Solar Power

Key Figures & Findings: The European Bank for Reconstruction and Development (EBRD) is strengthening its partnership with independent power producer Qair, backing a significant 100 MW solar development in Gafsa, Tunisia. This strategic move highlights the commitment of both organizations to accelerate North Africa’s energy transition.

Statistics & Insights:

• Total Project Cost: The facility is valued at €84 million, with the EBRD considering a €19 million loan.

• PPA Date: Qair secured the 25-year Power Purchase Agreement (PPA) with national utility STEG in March 2025.

Future Implications: If executed on the planned timeline, this project could significantly advance Tunisia’s goal of achieving 35% renewable electricity by 2030, reducing reliance on fossil fuels and stabilizing the grid for long-term economic growth.

🔥 The Challenge: While essential, this development raises the question of whether Tunisia is becoming overly reliant on substantial external financing and first-loss guarantees for its critical infrastructure projects.

Source: ECoFin Agency

Quick Take: A huge financial package is powering Tunisia's clean energy goals, but the reliance on foreign funding presents a critical debate on national debt and energy sovereignty.