The facility will cover approximately 260,000 square meters and utilize modules installed on single-axis trackers. Martifer expects the plant to produce around 25 gigawatt hours a year.
Portugal-based Martifer will oversee development of the government-approved project. In addition, the company will provide engineering, procurement, and construction (EPC) services and be responsible for the related operations and maintenance once the plant is operational.
Adenium Energy Capital, which specializes in financing and developing clean energy, is funding the $26 million project. It is the third solar infrastructure investment vehicle for Adenium over the last two years, joining a 65 MW portfolio in Japan and 60 MW in Italy.
Martifer Solar chief executive officer Henrique Rodrigues says, “The successful award of this PPA for a new 10 MW plant in Jordan confirms our abilities as a fully-integrated player capable of adapting our 360-degree business model to new and emerging markets. The fact that the Jordan government has approved Martifer Solar as the lead developer for this project is the best testimonial to our proven strength and track record in project development from other successful markets, such as the United Kingdom.”
Wassef Sawaf, Adenium chief executive calls the project as a “groundbreaking development for solar power in Jordan and the region. For Adenium, this represents an important achievement in our region, making our investment one of the few private renewable energy investments in the Middle East.”
The project was awarded under the first round of Jordan’s National Renewable Energy Plan, which has set a goal of generating 10 percent of the country’s electricity from renewable sources. The plan calls for up to 600 MW of solar projects to be connected to the grid by 2020.