Another 40,000 Jordanian homes are set to be powered by clean energy after Fotowatio Renewable Ventures (FRV) – part of Abdul Latif Jameel Energy – secured financing for its third major solar project in Jordan.
The European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO) will provide a US$ 65 million loan for the development of the Al-Safawi solar plant.
The 51 MW plant, which is expected to generate 240 jobs during its construction, will spread over 170 hectares and use more than 200,000 crystalline photovoltaic (PV) panels.
Roberto De Diego Arozamena, Chief Executive Officer of Abdul Latif Jameel Energy, said: “Abdul Latif Jameel Energy has been leading the way on developing solar projects in the region, and our work in Jordan is part of that.
“We remain committed to being the leading solar PV development company in the Middle East and beyond, and contributing to the generation of clean and affordable energy.”
The Al-Safawi plant follows Abdul Latif Jameel Energy’s Mafraq I and II projects. When the Al-Safawi plant is complete, Abdul Latif Jameel Energy will supply 435 million kWh of electricity each year in Jordan, powering a total of 120,000 homes through clean energy.
Roberto De Diego Arozamena, Chief Executive Officer of Abdul Latif Jameel Energy, said: “Abdul Latif Jameel Energy has been leading the way on developing solar projects in the region, and our work in Jordan is part of that.
“We remain committed to being the leading solar PV development company in the Middle East and beyond, and contributing to the generation of clean and affordable energy.”
The Al-Safawi plant follows Abdul Latif Jameel Energy’s Mafraq I and II projects. When the Al-Safawi plant is complete, Abdul Latif Jameel Energy will supply 435 million kWh of electricity each year in Jordan, powering a total of 120,000 homes through clean energy.
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