How can Tunisia achieve its 30% renewables goal?

Greater involvement by local banks in financing renewable energy projects, and bilateral cooperation to unlock further foreign investment in the sector. The report outlines recommendations to help Tunisia achieve its 30% renewables goal while boosting growth and development.

How much energy does Tunisia generate?

Source: IRENA. According to Global Energy Monitor, Tunisia has a generating capacity of 6,079 MW total, comprised of oil and natural gas (5,771 MW), solar (55 MW), and onshore wind (253 MW). In 2022, Tunisia increased its renewable energy target to 35% of total energy generation by 2030.

What is the Tunisian Solar Plan?

The Tunisian Solar Plan (TSP) outlines the following renewable energy installed capacity targets by 2030: In additional, the TSP also calls for 100 MW of bioenergy by 2030, which Tunisian officials classify as a renewable energy source.

Why does Tunisia need more electricity?

As one of the most climate vulnerable Mediterranean countries, Tunisia's electrical system is expecting increased demand resulting from expanding peak-hour demand patterns, intensifying cooling needs stemming from greater warm spells, and increasing desalination needs.

What drives Tunisia's energy transition?

Three key drivers will dictate Tunisia's energy transition: energy security, given Tunisia's growing energy balance deficit; economics, given the relative decrease in the price of renewables; and environment, given the Country's commitment to reduce domestic greenhouse gas emissions.

How much will Tunisia invest in energy in 2021?

Tunisia's 2021 Nationally Determined Contribution (NDC) estimates that a total of USD $11.8 billion invested in the country's energy sector will be required to support low-carbon scenarios.