At the forefront of the renewable energy roll-out


MENA PV developer signs 17MW C&I deal

Middle East shopping mall network Majid Al Futtaim and developer Yellow Door Energy have signed a deal which will see the latter group build a 17MW solar PV plant to power the former’s Carrefour stores across Jordan.  

Latest Jordan PV tender sees 60% pricing drop

Jordan’s ministry of energy and mineral resources has approved technical bids from participants competing in the country’s third solar PV auction, which will see 150MW in capacity tendered out, while the most competitive financial offer on the table is well under half the price of the winning tariff from the previous auction in 2015.

Masdar-backed 200MW Baynouna PV reaches FC

The 200MW Baynouna solar PV project in Jordan has reached financial close, following majority backer Masdar’s divestment of a 30% stake in the development to Finnish investor the Taaleri Group at the end of 2017. The IFC on December 13, 2017 signed off documentation approving its provision of up to a USD 70m A loan… Read More ›

Masdar divests 30% stake in 200MW Jordan PV project

Finnish investor the Taaleri Group has acquired a 30% stake in Masdar’s 200MW Baynouna solar PV project in Jordan, ahead of an anticipated financial close. Taaleri – which is making the investment via its circa EUR 90m Taaleri Aurinkotuuli fund – completed the transaction at the end of 2017. Baynouna has a capex requirement of… Read More ›

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