Low Carbon lifts stake in developer of 2-GW Tunisian solar scheme
Jun 13, 2014 - UK renewable energy investor Low Carbon said in a press release on Wednesday it had raised its shareholding in local firm Nur Energie Ltd, which is working on the 2,000-MW TuNur solar project in Tunisia.
The investor did not give more details about the transaction or the size of its increased stake in Nur Energie, but noted it is now one of the solar firm’s largest stockholders.
Nur Energie develops utility-scale concentrated solar power (CSP) and photovoltaic (PV) projects in the southern part of Europe and in northern Africa. At present, its project pipeline includes more than 2,200 MW of capacity in Greece, Morocco, Tunisia and France.
The TuNur CSP plant is the firm's flagship project. It is expected to be connected to the European grid so as to power about 2.5 million UK and European households. Nur Energie is developing the scheme with Tunisian firms.
Low Carbon has so far financed, is building or operating renewable energy projects with a total capacity of over 350 MW.