Adenium and its partner, Bright Group Investments, have signed the power purchase agreement with the National Power Electricity Company for the 10 MW solar project. The PPA was executed earlier this month, providing the three projects with a U.S.$0.169/kWh tariff for 20 years.
“This project is a groundbreaking development for solar power in Jordan and the region," said Wassef Sawaf, CEO of Adenium. "Our solar project is going to generate power from a clean source of energy, increasing Jordan’s energy independence. Moreover, this will present great economic savings to the Jordanian government, a solution we are proud to be part of."
The project will be located at the Ma’an Development Park and is expected to be connected by the second quarter of 2015.