Scatec Solar agree 10 MW Jordan deal

first_imgScatec Solar agree 10 MW Jordan dealJordanian power company National Electric Power Company (Nepco) has signed a two-decade power purchase agreement with Scatec Solar for a 10 MW solar PV plant to be built in Southern Jordan. March 27, 2014 Peter Carvill Markets Markets & Policy Share The plant, set to be operational by mid-2015 and located over 200 km from the capital of Amman, will be financed through equity and bank loans. An investment of $28 million is predicted.Raymond Carlsen, CEO of Scatec Solar, said the company was pleased that it was able to realise its first utility-scale plant in Jordan. He added, “At the end of last year, we grid-connected the first utility scale solar park in Southern Africa and the 75 MW Kalkbult solar park is currently the largest in Africa. Our objective has been to bring the experience gained in South Africa to other regions in the world with favorable solar conditions. As Jordan has superb conditions for solar energy and strong ambitions to reduce its dependency on fossil fuels, we see this as an excellent fit.”The news comes a week after First Solar signed a similar two-decade PPA with Nepco for its planned 52.5 MW plant in Jordan. The city of Ma’an is home to the Ma’an Development Area, one of the country’s foremost solar power sites. In December last year, Phoenix Solar and Mustakbal Clean Tech signed an agreement for a 1 MW plant in the area. It was predicted in January that the Phoenix Solar/Mustakbal Clean Tech agreement would be the first of many in the region.Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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