Jordan’s solar-plus-storage ‘expansion project’ reaches financial close

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email
A ceremony was held in Jordan’s capital Amman to mark the occasion on 13 May. Image: Philadelphia Solar.

Philadelphia Solar, a vertically-integrated PV company headquartered in Jordan, said this morning it has reached financial close on a project to bring battery storage to a large-scale solar farm in the Middle East kingdom.

Philadelphia Solar emailed Energy-Storage.News today to say that it had struck a deal with private trade financial institution Capital Bank of Jordan (Capital Bank) for project financing.

It could be the largest energy storage project in the region, with completion and the start of commercial operation expected in the fourth quarter of this year. Back in August 2017, Energy-Storage.News reported that Al Badiya Power Generation, a special purpose company set up by Philadelphia Solar, had signed a 20-year PPA with electric power distribution company Irbid District Electricity Company.

Philadelphia Solar makes PV panels and mounting structures, in addition to developing and carrying out project work. The company set up Al Badiya Power Generation back in 2013, using start-up capital of around US$25 million. The subsidiary company developed a 12MWp PV plant in the Jordanian city of Al Mafraq and commissioned it in October 2015.

The latest project will be an 11MWp extension to Al Badiya’s solar farm. Around 34,350 polycrystalline 320Wp PV panels will be added, along with single-axis tracking and 12MWh of lithium-ion battery based energy storage.     

More recently Jordan, one of the Middle Eastern countries not blessed with large oil reserves, issued a request for parties interested in delivering a 30MW energy storage system in the Kingdom to come up with technical and financial offers. Interested parties have six months to respond to that call, which was put out in February.

Read Next

May 13, 2022
Renewable energy development company Ameresco has signed a non-exclusive purchasing framework with system integrator Powin Energy, totalling 2.5GWh of Powin’s Stack750 battery energy storage system (BESS) product until 2025.
May 12, 2022
thium-ion battery gigafactory group FREYR reported a US$35 million loss in the first quarter of 2022 and has recently announced three conditional offtake agreements (COA) totalling 53.5GWh.
May 12, 2022
Buyers of energy storage solutions (ESS) in Germany do not yet see a need for flow batteries for medium duration storage, an ESS provider tells Energy-Storage.news, with many set on the potential of green hydrogen.
May 11, 2022
Norwegian lithium-ion battery gigafactory group FREYR has signed a conditional offtake agreement with energy storage system integrator Powin Energy totalling 28.5GWh over six years.
May 11, 2022
Natural resources giant Glencore has agreed to back the Canadian battery recycler to the tune of US$200 million.

Most Popular

Email Newsletter