Voltalia has signed a share purchase agreement to acquire a 70 percent controlling interest in the portfolio of four solar power plants (57 megawatts) installed, operated and partially developed by Voltalia in Jordan since 2015.
Backed by the recent establishment of its solar hub in Egypt and the long-term local presence as a service provider, Voltalia is becoming a power producer in the increasing Jordan market.
Energy demand in Jordan is expected to increase significantly, with a projected 2.5 gigawatt increase in installed capacity over 2017-2025 due to the competitiveness of photovoltaic power.
Voltalia’s portfolio comprises three 11 megawatt plants located in Ma’an and a 24 megawatt plant located in Mafraq, for a total of 57 megawatts. Voltalia is well acquainted with these solar plants as a service provider: it has been active in their development and has been entirely responsible for their construction and maintenance in 2015 since their commissioning in 2016.
Voltalia is well acquainted with these solar power plants as a service provider: it has been involved in their growth and has been completely responsible for their construction and maintenance in 2015 since they were commissioned in 2016.
Solar power plants benefit from a 20-year public utility PPA signed in 2016. Revenues shall be dollarized and guaranteed by the Government of Jordan for the entire length of the PPA.
“Thanks to our strong position in Jordan and Egypt, and given our central role of one-stop-shop Service provider to these solar assets, we have been able to seize an opportunity in line with our strategy to further diversify energy sources and geographies.”Sébastien Clerc, CEO of Voltalia.