Jordan is leading the example for solar deployment in the Middle East, with various different PV projects popping up all over the country. An interesting new project, set to begin construction early next year, is Lafarge Jordans 15 MW solar plant at its cement facility in the southern part of the country.
Lafarge Jordan signed an agreement with Adenium Energy Capital to build the solar park, last week, with Adenium announcing that the construction will start in early 2017, and expected to be completed by the third quarter of the year. However, it was the Lafarge Jordan shareholders that approved the solar energy project in April, as a means to reduce production costs at the plant.
The 15 MW facility will feed electricity into Lafarges Rashadiya cement production facility in the southern governorate of Tafileh. The company has decided to invest in the solar plant to save money of the energy costs at the plant.
It is a build-own-operate project with a private off-taker that will be financed on a non-recourse basis, commented Adenium CEO Wassef Sawaf, as he lauded it as the first of its kind in the region. The PV plant will provide substantial saving to Lafarges electricity bills and is a great example of how renewable energy can add real bottom-line value to the private sector.
The project fits into the countrys renewable energy strategy, which Adenium is playing a big part in. The company has been an active solar developer in the country, announcing last month that it had recently commissioned 57 MW of solar projects in Jordan. This capacity was spread across four projects, each benefitting from 20-year power purchase agreements.