The International Finance Corp. - a member of the World Bank Group - has teamed with the Canadian government to provide $76 million in financing for a large-scale solar farm in Jordan. The 50 MW plant, to be located in the city of Mafraq in the northern part of the oil-importing country, will be developed by U.S-based EPC Fotowatio Renewables Ventures (FRV), which is part of the Abdul Latif Jameel Energy group. Some $21 million of the $76 million total will be provided by the IFC-Canada Climate Change Program, and is the first solar farm to be financed out of the four that the Jordanian government has planned under its second round of solar PV projects. Under the terms of the solar plant's development, power provided will be supplied at a tariff of US 6.9 cents/kWh, which is below the average cost of electricity in Jordan and among the cheapest solar power available globally. IFC director for the Middle East ...Den vollständigen Artikel lesen ...