Asia SOLAR
Seven Sisters and Baynouna Solar Photovoltaic (PV) Power Plant projects, Jordan
SEVEN SISTERS
OPEC FUND FINANCING: US$24 MILLION (PRIVATE SECTOR) TOTAL PROJECT COST: US$118 MILLION APPROVED: SEPTEMBER 2014 CO-FINANCIERS: ARAB BANK, EUROPE ARAB BANK, FINNFUND, FMO, IFC
Jordan’s ‘Seven Sisters’ are a group of seven solar PV projects and part of the renewable energy program launched by the government of Jordan in 2011. The project included 12 solar power plants. To overcome the relatively small scale of each individual project, the IFC proposed a novel solution: aggregating the first seven of these 12 projects into a single financing program, with a simplified and standardized financing structure. The OPEC Fund contributed US$24 million to two projects. The Seven Sisters added further generation capacity and stimulated the build-out of ancillary infrastructure and follow on investments – in Jordan and in other countries.
(recent examples only) Regional distribution: US$487 million
Neelum Jhelum Amman Trishuli River Islamabad JORDAN Kathmandu
BAYNOUNA SOLAR PV PROJECT
OPEC FUND FINANCING: US$17 MILLION (PRIVATE SECTOR) TOTAL PROJECT COST: US$235 MILLION APPROVED: DECEMBER 2017 CO-FINANCIERS: DEG, EUROPE ARAB BANK, FMO, ICA , JIFC
The 248 MW Baynouna Solar Energy Project, built 10 km outside of the capital Amman, is Jordan’s largest solar PV plant and one of the biggest in the whole of the Middle East. The solar energy plant will supply approximately 160,000 homes while displacing an estimated 360,000 tons of CO2 annually, the equivalent of taking nearly 80,000 cars off the roads.
10
P
A
K I
S T
A N
N E P
A L
PHOTO: OPEC Fund/Cynara Salmans
Anton Shahrai/
Shutterstock.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47
