UK’s renewable energy developer TuNur plans to set up $1.5bn solar plant in Tunisia

UK’s renewable energy developer TuNur plans to invest $1.5 billion in building an export-oriented solar power plant in Tunisia with a capacity of 500 megawatts, the North African country’s state-run news agency announced Tuesday.

Daniel Rich, the CEO of the British company made the announcement as he met with Tunisia’s Minister of Economy and Planning Samir Saied in the capital Tunis on Tuesday.

Rich indicated that the North African country has the natural resources, factors and a strategic geographical position which allow it to become one of the most important sites in North Africa for the production of electricity and the supply of Europe whose needs are growing.

Tunisia is currently building a 10 Megawatts solar plant with a total investment of around $800,000, in the governorate of Gabes.