Energías Renovables

57MW of photovoltaic Power in Jordan

57MW of photovoltaic Power in Jordan

SGHre has been the Owners Engineer for the 54Mw of Photovoltaic Installations

Dubai, United Arab Emirates, investment and development company Adenium Energy Capital Ltd. announced the recent commissioning of four solar PV projects totaling 57 MW in Jordan.

The projects have been financed by the International Finance Corporation (IFC), Finnish Fund for Industrial Cooperation Ltd. (Finnfund), the Arab Bank and OPEC Fund for International Development (OFID). Three 11 MW plants are located in the Ma'an Development Area, one 24 MW plant has been built in Mafraq, and SGHre has been the Owners Engineer.

All projects benefit from a 20-year power purchase agreement with the Jordanian state-owned utility NEPCO (National Electric Power Company). Also involved were Kingdom Electricity for Energy Investments, Bank Al Etihad, and Clean Energy Concepts from Jordan as well as Corys Environment, part of Green Coast Enterprises from Dubai. The investments have been backed by the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.

Adenium, launched in early 2010 and focused on clean energy assets, particularly solar and wind, has developed and invested in utility-scale projects in the Middle East, Europe, and Japan with a portfolio totaling 600MW of capacity.