カジノオンライン ("Toyota Tsusho"), through its group companyAEOLUS SAS("AEOLUS"), which is engaged in renewable energy business in Africa, will participate in two independent power producer (IPP) projects to construct, own, operate 100MW solar power plants and sell electricity in the Republic of カジノジャンボリー ("カジノジャンボリー")

This will be Toyota Tsusho's first renewable energy カジノジャンボリー in the country, and the first カジノジャンボリー for Aeolus since its establishment

カジノジャンボリー relies on imports for most of its energy sources, such as oil and natural gas, with thermal power generation accounting for the majority of domestic power generation capacity The Government of カジノジャンボリー has an ambition to increase the renewable energy share to 35% of the country’s energy mix by 2030 and is running a renewable energy procurement program to achieve this target

The project is to develop, own, and operate solar power plants in Sidi Bouzid and Tozeur of カジノジャンボリー, with capacity of 50 MW respectively Aeolus, established in March this year to consolidate the Toyota Tsusho Group's renewable energy business in Africa, will take a 49% stake in the project, while Scatec ASA, a Norwegian company involved in the construction and operation of solar power plants, will take 51% Construction is scheduled to begin in August 2024, and after the completion of the construction, the electricity will be sold to the national utility under a 20-year power purchase agreement with option for a 10year extension

The total カジノジャンボリー cost is approximately 79 million euros The projects are financed through non-recourse カジノジャンボリー finance debt, including from the European Bank of Reconstruction and Development (“EBRD”) and Société de Promotion et de Participation pour la Coopération Economique (“Proparco”) Aeolus is also supported through the political risk insurance provided by the Multilateral Investment Guarantee Agency (“MIGA”)^※1of the World Bank Group

In addition, this カジノジャンボリー has been selected by the Ministry of the Environment, Japan for Financing Programme for Joint Crediting Mechanism (JCM) Model Projects^※2in 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

※1　a member of the World Bank Group, providing guarantees to promote cross-border investment in developing countries by providing guarantees (political risk insurance, credit enhancement, and trade finance guarantees)
※2 　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 カジノジャンボリー is being implemented with the cooperation of the Tunisian and Japanese governments

Business Company Name	SCATEC SIDI BOUZID MEZZOUNA PV POWER SARL SCATEC TOZEUR PV POWER SARL
Location	Sidi Bouzid and Tozeur Provinces, Central カジノジャンボリー
Business	Solar power generation and sale of electricity
Investment Ratio	Scatec 51%, Aeolus 49%
Equipment capacity	50MW x 2 カジノジャンボリー Total 100MW
Recipient of electricity	Société tunisienne de l'électricité et du gaz (STEG)
total カジノジャンボリー 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

Press Release on 5^thApril 2024
New joint venture established for renewable energy in Africa
(https://wwwtoyota-tsushocom/english/press/detail/240405_006385html)