Voltalia enters agreement to acquire 70% stakes of solar portfolio
Voltalia has signed a share purchase agreement to acquire a 70% controlling stake in a portfolio of four solar plants (57 megawatts) in Jordan, maintained and partially developed by Voltalia since 2015.
The portfolio bought by Voltalia includes three 11 megawatt-plants located in Ma’an and a 24 megawatt-plant located in Mafraq, for a total of 57 megawatts. Voltalia knows these solar plants perfectly well as a Service provider: it was involved in their development and has been fully in charge of their construction in 2015 and their maintenance since their commissioning in 2016.
The solar plants benefit from a 20-year public-utility PPA signed in 2016. Revenues are dollarized and guaranteed by the Government of Jordan for the full duration of the PPA.
Country updates
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June 19, 2020
APICORP completes acquisition of 20% stakes in the Tafila Wind Farm Project
The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has completed its first direct equity investment in a wind energy venture, the Jordan Wind Project Company (JWPC)...
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December 17, 2019
ACWA Power commissions 50 MW Risha Solar PV Independent Power Plant (IPP) in Mafraq Governorate
ACWA Power and the National Electric Power Company (NEPCO) in Jordan have commenced commercial operations of the 50 MW Risha Solar PV Independent Power Plant (IPP), after completing all required commi...
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November 08, 2019
FRV inaugurates 100 MW of photovoltaic solar plants
Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has inaugurated the Mafraq I and Empire photovoltaic solar plants of 50 MW AC each. The solar projects supply approximately 1.5...
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October 22, 2019
KEPCO commissions 89.1 MW Fujeij wind farm in Hussania
Construction work on Jordan’s US$181 million Korea Electric Power Corporation (KEPCO)-funded 89.1 MW Fujeij wind project has been completed. KEPCO was selected as the preferred bidder in an int...
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September 18, 2019
Jordan launches tender for 5 MW Azraq II solar PV project
Jordan’s Ministry of Energy and Mineral Resources (MEMR) has issued a tender for the construction of a second PV power plant at the refugee camp of Azraq, near its northern border with Syria. T...
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