ET Solutions AG, the German unit of Chinese PV module provider and project developer ET Solar, has started construction on a 60.9 MW PV facility in Mafraq, Jordan.
The company is building the facility for the Saudi independent power producer ACWA Power, which owns the project. Jordan’s Ministry of Energy and Mineral Resources selected the project in Round II of the Photovoltaic Procurement program. The plant will sell its power output to local utility National Electric Power Company (NEPCO) under a long-term PPA at a price of 0.043 JOD ($0.0607) per kWh.
EG Solutions is building the plant in consortium with Chinese engineering company Northwest Power Design Institute (NWPDI), a unit of China Power Engineering Consulting Group.
The project is expected to be completed within 10 months, ET Solar said. The company also claims that the plant, when completed, will be the largest 1500VDC PV plant in Europe, the Middle East and Africa.
ACWA Power announced the project in November 2016. The company said that the installation is part of a 150 MW solar complex and is included in the assets of ACWA Power RenewCo, a company created to group ACWA Power’s existing renewable energy portfolio, which at the time exceeded 1 GW.
The PPA for the project was signed in January 2016 and was followed by a Government Guarantee Agreement with the Ministry of Finance in April 2016. Financing for the project includes an A loan of $27 million from the European Bank for Reconstruction and Development (EBRD) and a B loan of the same amount from the Netherlands Development Finance Company (FMO).
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.