CORYS ENVIRONMENT CO-FINANCES SOLAR PLANTS IN JORDAN
Jordan is targeting 600 MW of solar PV and 1,200 MW of wind energy capacity as part of a program to increase the contribution of renewable energy to 10 percent of the fuel mix by 2020.
In 2014, Corys Environment co-financed with Adenium Energy Capital three 10MW solar PV power plants – Zahrat Al Salam, Al Ward Al Joury and Al Zanbaq – in Ma’an, south of Amman. The plants have an estimated project cost of $90 million and generate more than 78 GWh.
In the same year, Corys Environment secured an investment in the Project Company that executed a Power Purchase Agreement with Jordan’s National Electricity Power Co. to develop a 20 MW PV solar power plant at Husha, in Al-Mafraq.