Norway, June 23 -- Scatec ASA, a leading renewable energy solutions provider has reached financial close for the 120 MW "Sidi Bouzid II" solar plant in Tunisia. The PPA was awarded in December 2024 through a government tender designed to support Tunisia's ambitious renewable energy targets and enhance the country's energy security. The project has been developed in partnership with Aeolus SAS (Aeolus), part of the Japanese conglomerate Toyota Tsusho Group. 95% of electricity generation in Tunisia is today based on natural gas of which more than 60% is imported, and Tunisia has a target to reach 35% of generation from renewable sources by 2030. Renewables contribute to reducing the costs of generation as well as increasing energy independenc...