2026-04-24
Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that, through its Group company AEOLUS SAS (“AEOLUS”), which is engaged in the renewable energy business in Africa, it has completed the construction of two solar power plants (totaling 100MW) in the Republic of Tunisia (“Tunisia”) and begun commercial operation
 Sidi Bouzid Mezzouna PV Power |
Tozeur PV Power |
This project is Toyota Tsusho’s first renewable energy project in Tunisia and AEOLUS’ first investment project. The two solar power plants being constructed in Tunisia’s Sidi Bouzid and Tozeur governorates through an operating company funded by AEOLUS and Scatec ASA, a Norwegian company involved in the construction and operation of solar power plants, have now been completed. Sidi Bouzid Mezzouna PV Power (50MW) began commercial operation on January 1, 2026, and Tozeur PV Power (50MW) began commercial operation on March 4, 2026.Going forward, these plants will supply electricity equivalent to the annual consumption of approximately 120,000 Tunisian households (resulting in approximately 108,000 tons of reduced CO2 emissions) to the Tunisian Company of Electricity and Gas for a period of 30 years.Both power plants were selected by the Ministry of the Environment, Japan for Financing Programme for Joint Crediting Mechanism (JCM) Model Projects* in FY2023.Toyota Tsusho Group promotes carbon neutrality in order to deliver a better global environment for future generations. In Africa, under the key message “for the future children of Africa,” we will continue to promote green businesses that contribute to solving social issues and realizing economic growth in Africa.* Ministry of the Environment, Japan has been implementing the “JCM Model Projects,” which provides financial supports covering up to half of the initial investment costs. The purpose of this model projects is to financially support the implementation of projects which reduce GHG emissions by utilizing leading decarbonizing technologies in developing countries, and in return, to acquire JCM credits for achievement of Japan’s GHG emission reduction and the partner countries’ emission reduction target. This project is being implemented with the cooperation of the Tunisian and Japanese governments.
| Power plant name | Sidi Bouzid Mezzouna PV Power | Tozeur PV Power |
|---|---|---|
| Business 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 sale of electricity | |
| Investment ratio | Scatec 51%, AEOLUS 49% | |
| Equipment capacity | 50MW (60MWp) | 50MW (60MWp) |
| Recipient of electricity | Tunisian Company of Electricity and Gas (STEG) | |
| Total project cost | Approx. 79 million euros | |
| Group of banks that provide loans | European Bank for Reconstruction and Development (EBRD) and Société de Promotion et de Participation pour la Coopération Economique (Proparco)*EBRD loans include concessional loans mobilized by the EBRD and provided by the Clean Technology Fund (CTF) and the Global Environment Facility (GEF), which support climate change and global environmental protection measures for developing countries. | |
| Start of construction | August 2024 | |
| Start of commercial operation | January 1, 2026 | March 4, 2026 |
| Company name | AEOLUS SAS |
|---|---|
| Establishment | March 13, 2024 |
| Location | French Republic |
| Representative | President and Managing Director Hideharu Toba |
| Business activities | Renewable energy business |
| Investment ratio | CFAO 50%, Eurus Energy Holdings 50% |
– August 6, 2024 release: Participation in 100MW Solar Photovoltaic IPP Projects in Tunisia(https://www.toyota-tsusho.com/english/press/detail/240806_006449.html)
The information in this release is current as of the date of announcement.Please note that information may change after the date of announcement. Thank you in advance for your understanding
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