• logo linkedin
  • logo email
tableau
Proparco is cofinancing the first three photovoltaic power plants in Jordan, which contributes to securing the country’s power generation. The electricity will be sold at a lower price than with thermal power plants.
Client presentation
Scatec Solar AS was set up in 2001 and is an internationally recognized player in solar energy. It is owned by Norway’s Scatec AS (62.5%) and Japan’s Itochu Corporation (37.5%). Scatec Solar owns facilities in Europe, Africa, the Middle East, Japan and the USA. It operates throughout the value chain, from project design to operation and maintenance.
Project description
Proparco’s loan will contribute to financing the construction of Jordan’s first three photovoltaic power plants, in the southern region of Ma’an. This new farm will have a total capacity of 40 MW. The electricity produced will be sold to the national electricity company (NEPCO) at a lower tariff than the existing thermal power plants in the country.
Project impact
This project will contribute to strengthening and improving power generation in Jordan. During the first 5 years, it is expected to produce an average of 21,673,000 kWh, i.e. the equivalent of 9,470 equivalent persons connected. The project should also contribute to disseminating SER good practices. Indeed, SCATEC has set out to include local populations in the project (dissemination of information, job opportunities, financing for training and development projects, etc.).
06/11/2014
Date of signature of the project
Financing tool
9 249 920 Euros
Amount of funding
Loan of USD 11,6 M
Financing details
SCATEC SOLAR AS /JORDANARDH AL AMAL FOR SOLAR ENERGY GENERATIONANWAR AL ARDH FOR SOLAR ENERGY GENERATION
Client