The story has been updated on April 30.
April 27 (Renewables Now) - The 103-MW Quweira solar photovoltaic (PV) farm in Jordan, built by UAE-based Enviromena Power Systems and TSK of Spain, was inaugurated on Thursday.
The AED-550-million (USD 150m/EUR 124m) project in Aqaba, southern Jordan, secured financing from the Abu Dhabi Fund for Development (ADFD). It consists of 328,320 PV panels with an expected annual output of 227 GWh. Enviromena and TSK were 50/50 joint venture partners in the project and completed construction in roughly 18 months.
A ribbon-cutting event was held at the site in southern Jordan to mark the start of operations.
The ADFD financing for the project supported the provision of electrical switches, a medium voltage and signal cable system, transformers and all needed equipment for connecting the plant to the power grid, the lender said in a statement. Costs for civil construction works and overall project operation and management were also covered by the funds.
Enviromena chief executive Sami Khoreibi said the park would be generating 16% of all solar capacity in the country. It will operate under a 25-year power purchase agreement (PPA) with the energy ministry of Jordan.
Jordan is heavily dependent on energy imports so the government has set a goal to generate 10% of the country’s energy needs from renewable energy sources by 2020. Investments in renewables have helped it cut its import bill in 2016 by 24% to USD 2.7 billion, according to the Ministry of Energy and Mineral Resources. TSK CEO Joaquín García Rico said the Quweira solar PV farm would help save nearly 400,000 barrels of oil per year.
(AED 1.0 = USD 0.272/EUR 0.225)