26 Sep '16, 10am

IFC and Canada provide US$76 million for 50MW solar plant in Jordan

IFC and Canada provide US$76 million for 50MW solar plant in Jordan

Set to operate at US$6.9 cents/kWh, the PV plant is to provide some of the country's lowest-cost electricity. Source: ARAVA POWER. The International Finance Corporation (IFC) and the Canadian government have partnered up to finance Jordan’s latest US$76 million solar plant. The 50MW PV plant is to be built by FRV, part of Abdul Latif Jameel Energy (ALJ), and will constitute the first solar power plant in Mafraq. According to the IFC, the plant will supply power at US$0.069/kWh; a price far below Jordan’s average cost of electricity and among the lowest for solar worldwide. The plant is scheduled to be operational by 2018 and will represent around 1% of Jordan’s overall generation capacity by supplying about 155 million kWh annually. The financing package includes US$21 million from the IFC-Canada Climate Change Programme but is also part of a wider IFC initiative to help J...

Full article: http://www.pv-tech.org/news/ifc-canada-provide-us76-for-5...

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