Middle East ROUND-UP: EBRD in Jordan, Iran links scheme, Tunisian training

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Iran has linked 10GW solar plant to the national grid. Source: Iran's Ministry of Energy and Energy Efficiency Organisation.

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.

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.

Read Next

May 24, 2022
Spanish renewables developer Grenergy is looking to expand its presence in Europe in five new markets in the wake of the continent's REPowerEU plan.
May 19, 2022
Faster action should be taken to counter the threat of cyberattacks in the energy industry as professionals raise concerns about the possibility of operational shutdowns and damaged assets, according to new research from risk management and quality assurance provider DNV.
May 6, 2022
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
May 6, 2022
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
May 5, 2022
German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.
April 25, 2022
Independent onshore renewables firm Ventient Energy has completed the acquisition of 240MW of solar PV as part of a broader renewables portfolio.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA