First Power Storage Project in Jordan Reaches Financial Close

The Badiya Power Generation Project has reached financial close after signing the restated Power Purchase Agreement (PPA) between Irbid District Electricity Company (IDECO) and Al Badiya Company, a subsidiary of Philadelphia Solar. Al Badiya Company will implement an 11 MW expansion of its existing 10 MW PV solar project. Upon completion, the plant will be one of the largest in the region.

Khalifeh & Partners, led by Khaldoun Nazer (Partner) and Dina Issa (Associate), represented IDECO during the drafting, negotiation and signing of the offtake agreement. The expansion project is anticipated to generate approximately 11 MW of electricity per year at a cost of $12 million U.S. Dollars, and necessitates the installation of an additional 34,350 polycrystalline 320Wp PV panels, along with single-axis tracking and 12MWh of lithium-on battery-based energy storage. Commercial operations are expected to commence during Q4 of 2018.