EBRD considers financing ACWA Power’s solar PV in Jordan
The EBRD is considering providing a senior secured loan of up to US$26.1 million to finance the construction of a 50 MW solar photovoltaic plant located within the King Hussein Bin Talal Development Area near the city of Al Mafraq in Mafraq Governorate, 80 km north of Amman in Jordan.
The total project investment is estimated at US$70.6 million. The ERBD would contribute with up to US$26.1 million senior secured loan, alongside parallel or syndicated facilities of the same amount.
In March we reported that ACWA Power had taken over Sunrise Solar Energy PSC, the project company that plans to develop the plant.
The project will be one of the first utility-scale solar plants of this size in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports.
Country news
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May 18, 2016
IFC considers financing 485 MW Hussein Thermal Power Station
The International Finance Corporation (IFC), a member of the World Bank, is mulling providing project financing for the 485 MW Hussein Thermal Power Station in Jordan. Read more -
April 11, 2016
Jordan signs PPAs for 100 MW wind projects
The Government of Jordan has recently signed power purchase agreements (PPAs) for two wind power plants with a total capacity of 100 MW. The plants are scheduled to be connected to the grid by 2019. Read more -
March 31, 2016
EBRD seeks Lender's Engineer for Al Rajef Wind Farm Jordan
The European Bank for Reconstruction and Development (EBRD), Proparco and other potential lenders are considering entering into a financing agreement to finance the construction, commissioning and operation of the 82 MW Al Rajef wind farm. Read more -
March 04, 2016
ACWA Power takes over Jordan solar project
ACWA Power has taken over Sunrise Solar Energy PSC, a project company that plant to develop a 50-MW photovoltaic (PV) plant in Jordan. Read more -
January 18, 2016
ACWA Power signs 25 year PPA for the 485 MW Hussein CCGT IPP
ACWA Power has signed a 25 year Power Purchase Agreement with Jordan's National Electric Power Company for the 485 MW Hussein CCGT IPP. Read more
