Foursan Capital Partners will hold 85% stake in the project while Shamasuna Power will own the remaining 15% stake.
Located in the Aqaba Special Economic Zone, southeast of Aqaba, Jordan, the project will be financed by International Finance (IFC) and a small syndicate of lenders.
Construction of the project will begin in December 2014 with completion and connection to the grid expected in the second quarter of 2015.
Trina Solar will provide operation and maintenance services on the project, upon completion, based on a five-year service agreement with an option for five year extension upon mutual agreement.
The solar farm will feature 40,320 of Trina Solar’s 250Wp TSM- PC05A modules and is expected to be the largest solar farm in Aqaba, Jordan.
Power generated by the facility will be sold to Jordan’s National Electric Power Company (NEPCO) under a 20-year power purchase agreement backed by a full sovereign guarantee from the Government of Jordan.
The project is expected to generate over 19GWh of power annually to help to meet the demand for electricity in Jordan while reducing carbon emissions by approximately 11,500 tons per year.
