Saudi firm secures USD65mn in funding for new solar farm in Jordan

(MENAFN) Abdul Latif Jameel energy proclaimed that it has issued USD65mn in funding in order to build and operate a new solar farm at Al Sawafi in the north of Jordan.

Furthermore, the Jeddah-based firm proclaimed that funding the 51MW Sawafi 1 project has been offered by the European Bank for Reconstruction and Development.

Additionally, Spanish contractor TSK has been employed to carry out engineering, procurement and building work on a system that will house more than 200.000 photovoltaic panels.

The loan has been offered to a special purpose car, Al-Safawi for Green Energy, which is 70 percent owned by FRV and 30 percent by Amman-based Arabia & Trading Co.



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.