EBRD-backed 37MW project to supply energy to Orange Jordan
July 30: The largest private-to-private solar project in Jordan, earmarked to supply energy to Orange Jordan, has been granted US$35 million of financing from a global coalition of banks and investment funds.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
The European Bank for Reconstruction and Development (EBRD) will provide the lion’s share of financing at US$15 million. The Jordan Kuwait Bank PSC will lend US$9 million, the Qatar-based Arab Jordan Investment Bank US$6 million and the Climate Investment Fund US$4.6 million via its clean technology fund.
37MW of future capacity will be spread over three parks and supply a portion of Orange Jordan’s energy demand. The project will be maintained and run for 20 years by Jordanian firm Kawar Energy, which operates more than 200MW of solar projects across the Middle East. The plants will curb carbon dioxide emissions by 41,500 tonnes annually by generating around 70GWh each year, according to the company's release.
This is the first Jordanian project to benefit from the EBRD's southern and eastern Mediterranean Private Renewable Energy Framework (SPREF), an initiative launched in 2015 to support the development and financing of business models that mobilise private finance for renewable energy projects in Egypt, Jordan, Morocco and Tunisia. The EBRD expects to dish out up to US$250 million and mobilise further investment from other parties of up to US$917 million through the intitiative.
In December 2018, the EBRD announced a US$265 million loan to Jordan’s National Electric Power Company (NEPCO) to strengthen NEPCO’s balance sheet through refinancing of existing short-term debt and to fund vitally needed investments, in a bid to bolster the grid's ability to absorb renewable power.
Iran connects 16GWh to national grid
July 30: Iran has linked a 10GW solar plant in the southern Iranian province of Fars to its national energy grid. The plant will boost national energy capacity by 16KWh and mitigate 5.64 million cubic metres of natural gas previously destined for electricity generation, according to a government release.
The government noted that the project, constructed by Pars Energy, contributes to a grand total of 73GWh of solar power generation on Iran's national grid. Fars province, home to five solar plants and roughly 120,000 square kilometres in size, generates 58.6MW annually.
Spanish trio to train Tunisia state engineers
July 31: A trio of Spanish entities have teamed up to deliver a 10-week technical training course in solar photovoltaic energy to engineers at Tunisia’s state-owned utility the Societé Tunisienne de I’Electricité du Gaz.
Spanish construction firm Enertis, the Madrid-based Instituto de Energía Solar (Institute for Solar Energy) and Spanish solar trade body Unión Española Fotovoltaica (UNEF) will train participants on the development, design, construction, launch, use and maintenance of photovoltaic plants at a 2KWh training plant in Tunisia.
José Donoso from the trade body said in a release that the training program would support the “internationisation” of Spanish PV companies, noting that North African countries offer interesting market opportunities. Under its 2009 renewable energy strategy, Tunisia aims to deploy around 4.7GW of clean energy capacity by 2030.
