DREAM - DEVELOP - DELIVER
A Clean Energy Group with a Global Track Record
UPC Renewables predecessor company (“UPC”) entered the Tunisian wind market in 1998 with an agreement with the Tunisian national utility, Societe Tunisienne d’Electricitie et du Gaz (“STEG”), to install anemometers on certain sites in the country. UPC currently has in excess of 700 MW of wind projects under active development in Tunisia.
UPC formed companies have developed more than 3,500 MW of operating wind and solar projects on three continents with an investment value of over $5B USD, and have a worldwide development pipeline of more than 5,000 MW. UPC has a proven and successful history of being an early entrant in new markets with advanced technology and creative local business strategies, helping countries accelerate their renewable energy development.
The focus on North Africa has been a logical progression for UPC, which through its Italian subsidiary IVPC (Italian Vento Power Corporation) had created the dominant wind energy company in Italy. UPC believes that over time the North African and Southern European electricity markets will become integrated creating a compelling investment opportunity.
North Africa has an excellent wind resource which could support a thriving wind energy industry capable of delivering electricity at highly competitive prices with significant environmental benefits. UPC established a local affiliate, Enerciel Tunisie SARL (“EnerCiel”) in 1999. UPC has an office in Carthage which currently employs eight people.