Translated version of this PSD: Arabic
The EBRD is considering providing a senior secured loan of up to USD 25 million to finance the construction of a 24 MW solar photovoltaic plant located approximately 13 km to the south east of Ma’an City in Jordan. The Project will be one of the utility-scale solar plants in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports.
The Project will assist Jordan in diversifying its power sector which is heavily focused on thermal power generation. The Project will increase the generation of energy through indigenous renewable sources.
The Project will also be one of the first privately-owned renewable energy projects in Jordan. As such, it has the potential to attract interest from new investors into the Jordanian renewables sector and to set a template for further private sector participation in this and other sectors.
The Borrower will be a special purpose vehicle to be incorporated in Jordan for the sole purpose of developing, constructing and operating the Project. The Borrower will be ultimately owned by SunEdison Inc, one of the world's leading solar developers with more than 200 MW of solar assets owned, 1.9 GW under management, 1.3 GW installed and 540 MW under construction.
Up to USD 25 million senior secured loan, in parallel with the Overseas Private Investment Corporation.
USD 66 million.
SunEdison Spain Construction, S.L.U.
C/Alcalá 44 Planta 3
Attention: Jesus de Pablo
Tel.: +34 915 242 670/Fax: +34 911 814 123
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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