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MENA Solar Brief

Saudi Solar Trade Mission to Spain announced by the Spanish Photovoltaic Union (UNEF) and the Saudi Arabia Solar Industry Association (SASIA)

MADRID, Spain — The Spanish Photovoltaic Union (UNEF), in collaboration with the Saudi Arabia Solar Industry Assiciation (SASIA), will host a Trade Mission to Madrid to identify potential investment and partnering opportunities between Saudi Arabian and Spanish companies. The Mission, which will include face-to-face meetings as part of the Spanish Solar Forum hosted by UNEF, will encourage Spanish and Saudi stakeholders to share experiences,...

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Egypt releases program requirements for renewable energy feed-in tariff qualifications

As reported by Eversheds, the Government of Egypt (GoE) represented by the Ministry of Electricity and Renewable Energy (MoERE) have adopted a feed-in tariff scheme for both solar and wind energy as a part of larger supporting scheme for renewable energy. According to this scheme both the transmission (EETC) and distribution (DCs) electricity companies are committed to purchase the produced electricity from both solar and wind at the prices,...

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Scatec Solar seals $100mn for Jordan solar plants

Norway’s Scatec Solar and its partners have entered into financing agreements totalling $100mn for the development and construction of three solar power plant projects in Jordan. The projects, which have a combined capacity of 43 megawatt (MW) and total investments are estimated to $135mn, are being developed jointly by Scatec Solar and its Jordanian partners, Quest Energy Investment, European Jordanian Renewable Energy Projects and Greenland...

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IFC Scores Jordan $208M For Huge Private-Led Solar Venture

Law360, New York (October 16, 2014, 5:16 PM ET) — The International Finance Corp. and a consortium of banks and funds on Wednesday put together a $207.5 million debt package to finance seven new photovoltaic plants in Jordan, the largest private-led solar enterprise in the Middle East and North Africa to date. Of the funds, $91.5 million will come from the IFC’s own accounts. The other $116 million is coming from Bahrain’s...

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SunEdison seals $50mn for Jordan solar project

SunEdison announced the closing of a $50mn debt financing arrangement with the European Bank for Reconstruction and Development (EBRD) and the Overseas Private Investment Corporation (OPIC). The debt proceeds will be used to finance the construction of a SunEdison owned 23.8MW DC solar photovoltaic (PV) power plant in the Ma’an Governate, in Southern Jordan. Construction will begin in Q4 2014 and interconnection is expected to take place...

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Canadian Solar Announces 1.5 MW Solar Module Supply Agreement in Jordan

GUELPH, Ontario, Sept. 16, 2014 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has been awarded a module supply agreement to provide 1.5 MW of photovoltaic (“PV”) modules to Kawar Energy for a rooftop solar power project located in a university in Amman, Jordan. Canadian Solar will...

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Jordan shelves tender of renewable contracts

Jordan has scrapped plans for a procurement round to build four 100MW renewable energy power plants after failing to secure the finance needed to expand the national power grid to accommodate them. In a statement on its website, the Energy Ministry confirmed that the round, which was open to both solar and wind projects, has been shelved. Read the full story...

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First Solar wins EPC deal for Jordan solar project

First Solar has won the engineering, procurement and construction (EPC) contract for the 52.5 MW Shams Ma’an photovoltaic (PV) power plant in Jordan. The company has also finalised a long-term operations and maintenance (O&M) contract for the project, it announced today. Read the full story...

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First Solar to provide EPC for 52.5 MW Jordan solar plant

U.S. thin film giants First Solar has announced today that it will build, operate and maintain the 52.5 MW Shams Ma’an Power Plant in Jordan. The project has already secured a 20-year power purchase agreement (PPA) with the National Electric Power Company (NEPCO), which acts as Jordan’s chief power generation and distribution authority. Read the full story...

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Qatar buys stake in Jordan solar power plant

Qatar has joined Mitsubishi Corp in buying into the largest solar power plant being built in Jordan. Nebras Power, the body set up by Electricity & Water Company (QEWC) last year to buy foreign power and water assets, and the Japanese giant have each purchased a 35% stake in the project. Read the full story...

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