Eurus Energy Group's First Two Solar Power Plants in Tunisia Commence Commercial Operation
Eurus Energy Holdings, through its joint venture AEOLUS SAS with CFAO SAS, has commenced commercial operation of its first two solar power plants in Tunisia. The 'Sidi Bouzid Mezzouna PV Power' started on January 1, 2026, and 'Tozeur PV Power' on March 4, 2026. These projects will supply electricity to approximately 120,000 Tunisian households and are expected to reduce CO2 emissions by about 108,000 tons annually.
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- 📰 Published: April 24, 2026 at 20:00
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Eurus Energy Holdings Corporation (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Tetsuya Suwabe; hereinafter “the Company”), through its joint venture AEOLUS SAS (hereinafter “AEOLUS”) with French CFAO SAS, has completed the construction of two solar power plants in the Republic of Tunisia (hereinafter “Tunisia”). “Sidi Bouzid Mezzouna PV Power” commenced commercial operation on January 1, 2026, and “Tozeur PV Power” on March 4 of the same year.
These two power plants represent the Eurus Energy Group's first renewable energy projects in Tunisia and AEOLUS's first investment projects since its establishment.
Sidi Bouzid Mezzouna PV Power ©Scatec/Aeolus
Tozeur PV Power ©Scatec/Aeolus
The power plants are located in the Sidi Bouzid and Tozeur governorates of Tunisia, with grid connection capacities of 50,000kW (60,000kWp*1) each, totaling 100,000kW (120,000kWp). Together, these two power plants will supply electricity equivalent to the consumption of approximately 120,000 general households in Tunisia and are expected to reduce CO2 emissions by up to approximately 108,000 tons annually.
Operations will be managed by a project company in which AEOLUS holds a 49% stake and Scatec ASA (hereinafter “Scatec”), a Norwegian renewable energy operator, holds 51%. Electricity will be sold based on a 30-year power purchase agreement with the Tunisian Electricity and Gas Company (STEG).
Furthermore, both power plants have been selected for the FY2023 “Equipment Subsidy Project under the Joint Crediting Mechanism (JCM) Financing Program*2” implemented by the Ministry of the Environment.
Under its corporate philosophy of “contributing to global environmental conservation through the dissemination and expansion of clean energy,” the Eurus Energy Group will continue to contribute to the spread of clean and low-cost renewable energy in Africa through AEOLUS, and further expand its wind and solar power generation efforts, thereby contributing to global environmental conservation and the creation of a sustainable society.
*1 Watt-peak. The maximum DC output power of a solar cell module.
*2 A project that implements activities to reduce greenhouse gas emissions in developing countries, etc., by utilizing excellent decarbonization technologies, etc., and conducts measurement, reporting, and verification (MRV). The purpose is to contribute to the achievement of greenhouse gas emission reduction targets for Japan and partner countries through JCM, along with reducing greenhouse gases in developing countries, etc. Subsidies are provided up to half of the initial investment cost for excellent decarbonization technologies, etc. This project is implemented under the cooperation of the Tunisian government and the Japanese government.
Sidi Bouzid Mezzouna PV Power Completion Ceremony (local time April 21)
Tozeur PV Power Completion Ceremony (local time April 20)
【Overview of the Power Plants】
Power Plant Name
Sidi Bouzid Mezzouna PV Power / Tozeur PV Power
Project Company Name
SCATEC SIDI BOUZID MEZZOUNA PV POWER SARL / SCATEC TOZEUR PV POWER SARL
Location
Sidi Bouzid Governorate, Central Tunisia / Tozeur Governorate, Central Tunisia
Business Activities
Solar power generation and electricity sales business
Investment Ratio
Scatec 51%, AEOLUS 49%
Grid Connection Capacity
50,000kW (60,000kWp) / 50,000kW (60,000kWp)
Offtaker
Tunisian Electricity and Gas Company (STEG)
Total Project Cost
Approximately 79 million Euros
Lending Banks
European Bank for Reconstruction and Development (EBRD), Proparco (French Development Financial Institution)
(Part of EBRD's financing utilizes funds from the Clean Technology Fund (CTF) and the Global Environment Facility (GEF), which support climate change and global environmental conservation measures for developing countries.)
Construction Start
August 2024 / August 2024
Commercial Operation Start
January 1, 2026 / March 4, 2026
【Power Plant Location】
Company Name
AEOLUS SAS
Establishment
March 13, 2024
Location
French Republic
Representative
President and CEO Hideharu Toba
Business Activities
Renewable energy business
Investment Ratio
CFAO 50%, Eurus Energy Holdings 50%
These two power plants represent the Eurus Energy Group's first renewable energy projects in Tunisia and AEOLUS's first investment projects since its establishment.
Sidi Bouzid Mezzouna PV Power ©Scatec/Aeolus
Tozeur PV Power ©Scatec/Aeolus
The power plants are located in the Sidi Bouzid and Tozeur governorates of Tunisia, with grid connection capacities of 50,000kW (60,000kWp*1) each, totaling 100,000kW (120,000kWp). Together, these two power plants will supply electricity equivalent to the consumption of approximately 120,000 general households in Tunisia and are expected to reduce CO2 emissions by up to approximately 108,000 tons annually.
Operations will be managed by a project company in which AEOLUS holds a 49% stake and Scatec ASA (hereinafter “Scatec”), a Norwegian renewable energy operator, holds 51%. Electricity will be sold based on a 30-year power purchase agreement with the Tunisian Electricity and Gas Company (STEG).
Furthermore, both power plants have been selected for the FY2023 “Equipment Subsidy Project under the Joint Crediting Mechanism (JCM) Financing Program*2” implemented by the Ministry of the Environment.
Under its corporate philosophy of “contributing to global environmental conservation through the dissemination and expansion of clean energy,” the Eurus Energy Group will continue to contribute to the spread of clean and low-cost renewable energy in Africa through AEOLUS, and further expand its wind and solar power generation efforts, thereby contributing to global environmental conservation and the creation of a sustainable society.
*1 Watt-peak. The maximum DC output power of a solar cell module.
*2 A project that implements activities to reduce greenhouse gas emissions in developing countries, etc., by utilizing excellent decarbonization technologies, etc., and conducts measurement, reporting, and verification (MRV). The purpose is to contribute to the achievement of greenhouse gas emission reduction targets for Japan and partner countries through JCM, along with reducing greenhouse gases in developing countries, etc. Subsidies are provided up to half of the initial investment cost for excellent decarbonization technologies, etc. This project is implemented under the cooperation of the Tunisian government and the Japanese government.
Sidi Bouzid Mezzouna PV Power Completion Ceremony (local time April 21)
Tozeur PV Power Completion Ceremony (local time April 20)
【Overview of the Power Plants】
Power Plant Name
Sidi Bouzid Mezzouna PV Power / Tozeur PV Power
Project Company Name
SCATEC SIDI BOUZID MEZZOUNA PV POWER SARL / SCATEC TOZEUR PV POWER SARL
Location
Sidi Bouzid Governorate, Central Tunisia / Tozeur Governorate, Central Tunisia
Business Activities
Solar power generation and electricity sales business
Investment Ratio
Scatec 51%, AEOLUS 49%
Grid Connection Capacity
50,000kW (60,000kWp) / 50,000kW (60,000kWp)
Offtaker
Tunisian Electricity and Gas Company (STEG)
Total Project Cost
Approximately 79 million Euros
Lending Banks
European Bank for Reconstruction and Development (EBRD), Proparco (French Development Financial Institution)
(Part of EBRD's financing utilizes funds from the Clean Technology Fund (CTF) and the Global Environment Facility (GEF), which support climate change and global environmental conservation measures for developing countries.)
Construction Start
August 2024 / August 2024
Commercial Operation Start
January 1, 2026 / March 4, 2026
【Power Plant Location】
Company Name
AEOLUS SAS
Establishment
March 13, 2024
Location
French Republic
Representative
President and CEO Hideharu Toba
Business Activities
Renewable energy business
Investment Ratio
CFAO 50%, Eurus Energy Holdings 50%