The new plant will reduce Jordan’s dependence on hydrocarbons and help address the country’s energy shortages by using its solar resource.
Located 13km south east of the city of Ma’an in southern Jordan, the new plant will deliver energy from a domestic resource.
A subsidiary of SunEdison will build and operate the power plant, which will be co-financed by a $25m loan from the US Overseas Private Investment Corporation (OPIC).
With the OPIC, the EBRD also co-financed the 240MW Al Manakher power plant, which started operations in July 2014.
Jordan imports more than 97% of the energy it consumes and EBRD said helping to develop sustainable energy resources and increasing energy security are important objectives of its strategy in the country.
EBRD power and energy director Nandita Parshad said: "We are delighted to finance the EBRD’s first renewable project in Jordan and the Southern and Eastern Mediterranean. This is a region with a rapidly growing demand for power but also with a large potential for the development of renewables.
"Jordan in particular is a country where solar energy can make a clean and reliable contribution to meeting rising demand and reducing dependence on expensive hydrocarbons. We are very pleased to cooperate again with OPIC in Jordan and excited to be working for the first time with SunEdison, who have brought their world class skills and experience to this ground breaking project."
