23 MW Sovereign Backed Development
Ma’an, Jordan

Constrained by high fuel prices and a dearth of local resources, leading to 20% of the national GDP being spent on energy and fuel, Jordan was the first country in the Middle East to launch a sovereign backed utility scale renewable energy procurement program.

  • 23.1 MW Project located in Ma’an, Southern Jordan
  • Sovereign guaranteed power purchase agreement
  • Commercial operation expected in October 2015
  • DT is acting as both Developer and EPC
  • IFC led financing for over 40 million USD

The generous tariff of 0.17 USD/kwh for twenty years presented an outstanding returns opportunity, which DT’s team immediately recognized. DT and Enerray Spa stepped in as developers of the Falcon Ma’an 23.1 MW project located within the Ma’an Solar Park. The project had been in development for 5 years, and DT brought it to successful financial close within a year of becoming a shareholder. The project is backed by a 20 year power purchase agreement (PPA) with the National Electric Power Company.

The project will enter commercial operation in October 2015, achieving an IRR in excess of 40% on a project cost 50 million USD, including a 40 million USD IFC syndicated loan. DT is currently undertaking the turn-key EPC contract on the project, and will be operation & maintenance provider.

Ma’an, Jordan
Power 23.1 MW
Year of Construction 2016
EPC: Desert Technologies / Enarray

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