Masdar clinches PPA for 200-MW solar park in Jordan
Signing of deal between Masdar CEO Mohamed Al Ramahi and Abdul Fattah Daradkeh, CEO of NEPCO. Source: @Masdar on Twitter.
Abu Dhabi-based renewables developer Masdar on Saturday signed the power purchase agreement for its planned 200-MW solar photovoltaic (PV) project in Jordan.
The deal was struck with the Kingdom’s National Electric Power Company (NEPCO). Masdar has also signed key agreements with the finance ministry and the Department of Land and Survey, related to financial guarantees and the land lease, the Jordan News Agency (Petra) said.
Back in January, Masdar and Jordan’s energy ministry signed a deal for the 200-MW PV project, under which the Abu Dhabi company is to develop, build, own and run the plant. It will connect to the Al Muwaqqar substation near Amman.
Earlier this month First Solar Inc (NASDAQ:FSLR) of the US said it had commissioned the 52.5-MW Shams Ma’an solar power facility in Jordan, while Norway’s Scatec Solar ASA (OSL:SSO) put online the 10.4-MW Oryx solar park this summer. The country targets up to 20% renewables share in power by 2020.