Voltalia Menzel Habib Solar

approved

The provision of a senior loan of up to EUR 37.3 million to Menzel Parc Solaire SARL, an SPV wholly owned by Voltalia SA ("Voltalia" or "the Sponsor") and incorporated in Tunisia for the development and construction of a solar PV plant of up to 100MW and the associated grid infrastructure in Menzel Habib, Gabes region of Tunisia (the "Project"). The electricity produced by the Project will be sold to Societe Tunisienne de l'Electricite et du Gaz ("STEG") the off-taker for the Project under a 25-year Power Purchase Agreement. The Project will benefit from a grant of EUR 3 million from the EU Neighbourhood Investment Platform (EU NIP) to cover part of the cost of the transmission infrastructure. In addition, it will receive a first-loss risk guarantee from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. This programme contributes to projects in the European Neighbourhood supporting sustainable investments in energy transition.