TuNur

What TuNur does

TuNur Ltd is a privately-held renewable energy, transmission, and green hydrogen developer headquartered in Birkirkara, Malta, with operational offices in Tunis, Tunisia and Milan, Italy. The company develops three integrated product lines: (1) domestic solar and wind projects in Tunisia delivering power to STEG under long-term PPAs (the Taqet Gabes 10MW PV project is the most advanced); (2) export projects that combine hybrid solar-wind generation with storage and dedicated HVDC transmission infrastructure, anchored by the flagship TuNur Italy 2,000MW bipolar +/-525kV VSC system running 661km submarine and 665km overhead from Tunisia to Italy, plus the TuNur Malta interconnection; and (3) green hydrogen, ammonia, and methanol projects developed through subsidiary Tunur Green Hydrogen Ltd (TGH), a joint platform with an Africa-focused private investment group. Underlying technology centers on hybrid renewable facilities engineered for claimed 24/7 baseload output, paired with VSC-based HVDC for long-distance subsea transmission.

TuNur's business model is B2B infrastructure development: project ownership and equity returns under Build-Own-Operate structures, 25-30 year domestic PPAs with STEG, and long-term export offtake contracts with European buyers for delivered baseload power and hydrogen derivatives. Go-to-market relies on direct engagement with government utilities, transmission system operators (ENTSO-E, Terna), and consortium bidding with international developers such as Voltalia, with revenue effectively routed through a single domestic off-taker (STEG) until export corridors come online. The company is controlled by a consortium of shareholders — Zammit Group, Nur Energie, and Armonia — and is led by Chairman Joseph Zammit and CEO Daniel Rich, supported by a 2024-vintage executive team (CFO/COO Davide Biron, CSO Cherif Ben Khelifa) and an Advisory Board including ex-Elia Group executive Pierre Bernard.

TuNur operates within a heavily regulated, multilateral framework, evidenced by inclusion of both export projects in ENTSO-E's TYNDP 2024, the Tunisia-EU MOU on renewable energy strategic partnership, and membership in the SoutH2 Corridor alongside Snam and other European TSOs. The company is pre-revenue at scale, with 11-50 employees, and is currently executing development, permitting, consortium formation, and project finance activities rather than operating a generating fleet at commercial scale.

Name

TuNur

Legal name

TuNur Ltd

Website

https://tunur.tn

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

TuNur Ltd is a Malta-headquartered renewable energy, HVDC transmission, and green hydrogen developer building solar, wind, and storage projects in Tunisia for domestic sale to STEG and for export to Europe via submarine HVDC interconnectors and the SoutH2 hydrogen corridor.

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)

akta.pro primary industry

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

akta.pro secondary industry

Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)

Keywords

• Renewable energy development
• Solar wind projects
• HVDC transmission infrastructure
• Green hydrogen production
• Power purchase agreements

Headquarters

HQ city

Tunis

HQ country

Tunisia

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Power Purchase Agreements (Domestic): Long-term electricity sales contracts with STEG (Tunisian public network operator) for domestic solar and wind projects. Projects operate under B.O.O (Build, Own, Operate) basis with PPAs typically spanning 25-30 years.
2. Export Energy Sales: Sale of renewable power to European markets via dedicated HVDC transmission infrastructure. Projects target baseload power delivery to private buyers in Europe through long-term contracts.
3. Project Development Services: Development, financing, construction, and operation of renewable energy projects in partnership with international companies. Revenue generated through development fees and equity returns from project ownership.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

TuNur develops, finances, constructs, and operates utility-scale renewable energy projects, HVDC transmission interconnectors, and green hydrogen/derivatives facilities in Tunisia and the Mediterranean. The company combines hybrid solar-wind generation with storage to deliver 24/7 baseload power, connects North African renewable resources to European markets via dedicated HVDC submarine transmission (TuNur Italy 2,000MW line), and produces green hydrogen, ammonia, and methanol via its TGH platform for both domestic and export use.

Product overview

TuNur Ltd is an independent renewable energy, transmission and green hydrogen developer operating across Tunisia and the Mediterranean. The company offers a unified platform of three interconnected product lines: (1) Domestic Renewable Energy Projects — solar and wind installations serving Tunisia's local grid under the authorization and concession regimes; (2) Export Projects — large-scale hybrid renewable energy plants coupled with HVDC transmission infrastructure, including the flagship TuNur Italy 2,000MW transmission line and TuNur Malta interconnection; and (3) Green Hydrogen Projects — developed through TUNUR Green Hydrogen Limited (TGH), encompassing green hydrogen, ammonia, and methanol production for domestic consumption and export via the SoutH2 Corridor. The portfolio spans the full project lifecycle from development and financing through construction and operation, with specific products including the Taqet Gabes 10MW solar PV project. Advisory Board services complement the core offerings with strategic expertise in EU policy, power projects, and hydrogen strategy.

Differentiator

Problem solved

Functional benefit

Brands

• Tunur Green Hydrogen Limited (TGH): Dedicated platform for the development, financing, construction, and operation of green hydrogen, ammonia, and methanol projects.
• TuNur Green Power

Products and services

• Domestic Renewable Energy Projects
• TuNur Italy HVDC Transmission Line
• Export Projects
• Green Hydrogen Projects (via TGH)
• Taqet Gabes 10 MW Solar PV Project

Quantifiable outcome

• 5 million tonnes CO2 reduction per year from export projects
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

28 partnerships are on record, tiered core, flagship, major, key and strategic.

• Elia Grid InternationalcoreTechnology or IntegrationTechnical partner for transmission and grid integration services, bringing expertise in HVDC systems and grid connections
• Hitachi EnergycoreTechnology or IntegrationTechnology partner for HVDC transmission systems and power grid infrastructure
• SnamflagshipStrategic or Co-development PartnerPartner in SoutH2 Corridor - 3,300km hydrogen pipeline connecting North Africa to Italy, Austria, and Germany. Snam is Italy's gas infrastructure operator leading the hydrogen corridor development.
• Trans Austria Gasleitung (TAG)coreStrategic or Co-development PartnerPartner in SoutH2 Corridor for hydrogen pipeline infrastructure through Austria
• Gas Connect Austria (GCA)coreStrategic or Co-development PartnerPartner in SoutH2 Corridor for Austrian gas infrastructure connection
• bayernetscoreStrategic or Co-development PartnerPartner in SoutH2 Corridor for hydrogen delivery into Germany
• Aker HorizonsmajorStrategic or Co-development PartnerStrategic partner for renewable energy and green hydrogen project development
• AxpomajorStrategic or Co-development PartnerSwiss energy company partner for renewable energy solutions and trading
• Low CarbonmajorStrategic or Co-development PartnerPartner for low-carbon energy project development
• LongikeyTechnology or IntegrationSolar technology partner providing PV modules for projects
• RTE InternationalkeyTechnology or IntegrationTechnical partner for transmission system expertise and grid development
• Shanghai ElectrickeyTechnology or IntegrationPartner for power generation equipment and EPC services
• FuelCell EnergykeyTechnology or IntegrationPartner for fuel cell and hydrogen-related technology solutions
• Kansai Electric Power CompanystrategicStrategic or Co-development PartnerJapanese utility partner for energy sector collaboration
• KPMGkeyImplementation/ SI/ Consulting PartnerProfessional services partner for financial advisory and project structuring
• EYkeyImplementation/ SI/ Consulting PartnerProfessional services partner for advisory and consulting services
• Eversheds SutherlandkeyImplementation/ SI/ Consulting PartnerLegal advisory partner for regulatory and contractual matters
• Hunton Andrews KurthkeyImplementation/ SI/ Consulting PartnerLegal advisory partner for international law matters
• AFRYkeyImplementation/ SI/ Consulting PartnerEngineering and consulting partner for project design and implementation
• DNVkeyImplementation/ SI/ Consulting PartnerTechnical advisory and certification services partner
• Supergrid InstitutekeyTechnology or IntegrationResearch and development partner for supergrid and HVDC technology
• VoltaliaflagshipStrategic or Co-development PartnerKey consortium partner for 130MW Gafsa solar project. TuNur was a key member of the bidding consortium led by Voltalia, supporting the project over its lifetime with 30-year electricity sales contract with STEG.
• STEG (Société Tunisienne de l'Electricité et du Gaz)flagshipStrategic or Co-development PartnerTunisian public network operator - primary off-taker for all domestic renewable energy projects under long-term PPAs
• Tunur Green Hydrogen Ltd (TGH) PartnerflagshipStrategic or Co-development PartnerPartnership between TuNur Ltd and an energy infrastructure platform backed by one of the largest Africa-focused private investment groups with investments in over 30 countries including production, transportation and distribution of gas and electricity. TGH is a dedicated platform for green hydrogen, ammonia, and methanol projects.
• ENTSO-EflagshipStrategic or Co-development PartnerEuropean Network of Transmission System Operators for electricity - included TuNur Italy (Project No. 283) and TuNur Malta (Project No. 1230) in TYNDP 2024
• TernacoreStrategic or Co-development PartnerItalian transmission system operator for HVDC connection to European network in Italy
• VerbundstrategicStrategic or Co-development PartnerAustrian electricity company and partner in hydrogen corridor development
• Bernard EnergykeyTechnology or IntegrationEnergy sector consulting and advisory partner

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Masdar: Masdar is one of the world's largest renewable energy developers with multi-GW operating capacity across solar, wind, and green hydrogen globally. Comparable as a state-backed utility-scale developer with similar emerging market footprint and hydrogen ambitions, though at much larger scale.
• Elia Group: Elia Group is Belgium's transmission system operator with operations across Belgium and Germany (50Hertz). Strategic partner of TuNur via Elia Grid International and a board member (Pierre Bernard), and comparable as a European TSO enabling cross-border renewable integration.
• Sonnedix: Sonnedix is a global renewable energy IPP with multi-GW operating solar capacity across Europe, the Americas, and Asia-Pacific. Comparable as a utility-scale solar developer with similar long-term PPA structures and project finance approach, though more mature operationally.
• Eni Plenitude: Eni Plenitude is Eni's renewable energy and retail services arm with growing international renewables and green hydrogen pipeline. Comparable as an integrated energy major pivoting into Mediterranean renewables and hydrogen, with potential as both competitor and strategic acquirer.

Direct peers

• Voltalia: Voltalia is a French-listed renewable energy IPP active across solar, wind, and storage with operations in Europe, Latin America, Africa, and the Middle East. Direct consortium partner with TuNur on the 130MW Gafsa project in Tunisia, making it both a partner and competitor for Mediterranean project flow.
• Sun Cable: Sun Cable was developing the Australia-ASEAN PowerLink project pairing large-scale solar with HVDC submarine transmission to Singapore. Conceptually similar to TuNur's intercontinental HVDC-plus-renewables export model, though currently undergoing restructuring.
• Xlinks: Xlinks is developing a 10.5GW solar+wind+storage project in Morocco with a 3,800km HVDC subsea cable to the UK. Closest direct peer to TuNur's intercontinental renewable-plus-HVDC export model, with comparable structure of utility-scale generation paired with dedicated transmission to European markets.
• Nur Energie: Nur Energie is a solar development company with landmark projects in southern Europe and North Africa. Shares shareholders and leadership with TuNur (Kevin Sara is chairman of Nur Energie and an advisor to TuNur), making it a closely-related peer in Mediterranean solar origination.
• CWP Global: CWP Global is a developer of utility-scale renewable energy projects across emerging markets, with significant North African and Mediterranean pipeline. Comparable as a project developer combining local origination with international EPC and offtake partnerships, and active in green hydrogen.
• Globeleq: Globeleq is a UK-based power developer focused exclusively on Africa, operating renewable and thermal generation across multiple countries. Comparable as an Africa-focused IPP with similar project finance structures and partnership with development finance institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TuNurSolar
• YouTubeyoutube.com/@TUNURPROJECT
• Facebookfacebook.com/TuNurLtd
• LinkedInlinkedin.com/company/tunurltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TuNur