Martifer Solar and Adenium Energy Capital Awarded PPA for 10 MW PV Plant in Jordan
− As lead Developer, Martifer Solar was selected for a 10 MW project to be built under Round One of Jordan’s National Renewable Energy Plan;
− The 10 MW project is financed and co-developed by Adenium Energy Capital;
− The companies executed a 20-year Power Purchase Agreement (PPA) with NEPCO, the national utility of Jordan; and
− At a PPA tariff of USD $0.169, the PV plant will generate reliable and much cheaper electricity compared to existing fuel oil generation rates.Martifer Solar, a subsidiary of Martifer SGPS, and Adenium Energy Capital, a Dubai-based investment and