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Trina Sola has entered into an agreement for the design, build and operation and maintenance of the 10 MW Shamsuna Solar Project in Aqaba, Jordan with Shamsuna Power Company (Shamsuna Power).
Foursan Capital Partners will hold a 85% stake and Shamasuna Power will hold a 15% stake in the project, respectively. The project is being financed by International Finance Corporation (IFC) and a small syndicate of lenders. Construction of the project is scheduled to commence in December 2014 with completion and grid connection expected in the second quarter of 2015. Once the plant is completed, Trina Solar will provide Operation and Maintenance services on the project based on a 5 year service agreement with a possible 5 year extension upon mutual agreement.
The solar farm, located in the Aqaba Special Economic Zone, southeast of Aqaba, Jordan, will utilize 40,320 of Trina Solar's 250Wp TSM- PC05A modules. Once operational, it will be the largest solar farm in Aqaba, Jordan. All output generated by the project 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 will generate over 19 GWh of power annually helping to meet the growing demand for electricity in Jordan and reducing carbon emissions by approximately 11,500 tons per year.
"We are excited to be part of this groundbreaking project and are proud to have been accepted by IFC as the EPC provider for this project," said Qi Lin, President of PV Systems Business Unit of Trina Solar. "The Jordanian government has introduced new incentives to encourage the development of solar projects throughout the country with the aim of increasing renewable energy contributions to 10% of the country's generation mix by 2020. We look forward to penetrate the broader Middle East market."
(Photo Credit: Shamsuna)