Financing agreements have also been signed by Scatec Solar and its partners for the development and construction of three projects, totaling 43MW, in the area nearby Ma’an City in southern Jordan.
The European Bank for Reconstruction and Development (EBRD) and French development agency Societe de Promotion et de Participation pour la Cooperation Economique will provide the debt financing.
Scheduled to be completed in the second half of 2015, the three projects are being jointly developed by Scatec and its Jordanian partners, Quest Energy Investment, European Jordanian Renewable Energy Projects and Greenland Alternative Energy.
Scatec Solar CEO Raymond Carlsen said: "Securing financing for the Jordanian projects is an important milestone for Scatec Solar, and an important contribution to meet our ambition of continued strong growth as an independent solar power producer."
The projects will generate 104,000 MWh of energy per year, which will be sold to the National Electric Power Company under a 20-year power purchase agreement.
The company will hold 70% stake of the 10MW Oryx plant and 40% interest of the other two projects, totaling 33MW capacity.
