Jordan: financing for 51 MW PV plant secured; country’s largest solar plant of 103 MW built
Jordan continues to send the world positive solar PV news and updates. pv magazine examines the latest PV developments in the Middle Eastern country.
The European Bank for Reconstruction and Development (EBRD) has announced this week that is extending a $65 million loan to finance a 51 MW solar PV plant in Jordan. The loan is split equally between the EBRD and the Dutch development bank (FMO).
The 51 MW project is located in the Al-Safawi area, Northern Jordan, and is the fourth of the second solar tender that Jordan ran in 2015. All four projects of this tender are about 50 MW each.
Jordan’s first solar tender had also auctioned 200 MW of PV capacity, dispersed among 12 projects that are fully operational today.
A third solar PV tender was initiated by Jordan’s Government in December 2016 also concerning another 200 MW of capacity and the applications are still under review.
Read the full article by Ilias Tsagas via pv magazine.
[Photo by Blake Lewis | Flickr]
