January 26 (Renewables Now) - Philadelphia Solar Company on Thursday announced it has signed a power purchase agreement (PPA) for a 50-MW solar project in Jordan.
The photovoltaic (PV) project's capacity in Direct Current (DC) is 68 MW.
The contract was signed with Jordan’s National Electric Power Company (NEPCO). Half of the equipment for the projectin southern Jordan will be made locally. The solar modules will be manufactured by Philadelphia Solar in Jordan, the firm noted in a press statement.
Once operational, the plant will be able to generate about 150 GWh of electricity per year.
Jordan-based Philadelphia Solar expects to reach financial close of the project in the third quarter of 2018. The PV park is slated to begin commercial operations in the second or third quarter of 2019.
Through a power generation company Al Badiya, Philadelphia Solar owns a 12-MWp solar park in Jordan's Mafraq governorate, which went live in 2015. The company is to install an additional 11 MWp as an expansion of the plant. Last year, it signed a PPA for the expansion with Irbid District Electricity Company.