Nov 19, 2014 - Chinese photovoltaics (PV) maker Trina Solar Ltd (NYSE:TSL) said today it will design, install and run a 10-MW photovoltaic (PV) power plant in Jordan.
The company has sealed the deal with local solar firm Shamsuna Power Co, which has a 15% stake in the PV scheme, while Foursan Capital Partners owns the rest. The financing for the project is jointly provided by International Finance Corp (IFC) and a syndicate of lenders.
The Shamsuna solar farm in the city of Aqaba will use 40,320 of Trina Solar's 250Wp TSM-PC05A modules. They are expected to generate more than 19 GWh of electricity per year, which will offset 11,500 tonnes of carbon dioxide (CO2) emissions annually. Jordan's National Electric Power Company (NEPCO) will be buying all of the electricity produced by the plant under a 20-year Power Purchase Agreement (PPA).
Construction of the facility is seen to kick off in December 2014. Upon completion in the second quarter of 2015, Trina Solar will also operate and maintain the installation under a 5-year service agreement, which may be extended with a further five years.
The solar plant will be the largest one in Jordan and will help meet the country's growing demand for electricity, Trina Solar noted.