Project Status : Active Project Location : Jordan Country:Jordan Project number: 44973 Business sector: Power and energy Public/Private: Private Environmental category: B Status: Passed concept review, Pending final review PSD disclosed: 2 June 2014 Project Description : The EBRD is considering providing a senior secured loan of up to USD 25 million to finance the construction of a 24 MW solar photovoltaic plant located approximately 13 km to the south east of Ma an City in Jordan. The Project will be one of the utility-scale solar plants in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports. Transition Impact : The Project will assist Jordan in diversifying its power sector which is heavily focused on thermal power generation. The Project will increase the generation of energy through indigenous renewable sources. The Project will also be one of the first privately-owned renewable energy projects in Jordan. As such, it has the potential to attract interest from new investors into the Jordanian renewables sector and to set a template for further private sector participation in this and other sectors. The Client : The Borrower will be a special purpose vehicle to be incorporated in Jordan for the sole purpose of developing, constructing and operating the Project. The Borrower will be ultimately owned by SunEdison Inc, one of the world%s leading solar developers with more than 200 MW of solar assets owned, 1.9 GW under management, 1.3 GW installed and 540 MW under construction. EBRD Finance : Up to USD 25 million senior secured loan, in parallel with the Overseas Private Investment Corporation. Project Cost : USD 66 million. Environmental Impact : The Project has been classified as category B under the Bank s Environmental and Social Policy (2008), requiring an Environmental and Social Due Diligence (ESDD) of the environmental and social issues associated with construction of a medium sized solar power plant. The Bank will undertake an ESDD of the Project including a site visit- to verify that the project is structured to comply with the Bank s Performance Requirements (PRs), and that the SunEdison has the institutional capacity to implement the relevant PRs. Based on the ESDD, a Non-Technical Summary will be developed and published to enable meaningful stakeholder engagement in compliance with PR 10. If required, an Environmental and Social Action Plan will be developed based on the ESDD. The PSD will be updated upon the completion of the ESDD. Company Contact : SunEdison Spain Construction, S.L.U. C/AlcalÁ 44 Planta 3 28014 Madrid Spain Attention: Jesus de Pablo Tel.: +34 915 242 670/Fax: +34 911 814 123 Business opportunities : For business opportunities or procurement, contact the client company. General enquiries : EBRD project enquiries not related to procurement: Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Project completion date : 2015-06-30 12:00:00
Major organization : SUNEDISON SPAIN CONSTRUCTION, S.L.U.
Address : C/AlcalÁ 44 Planta 3 28014 Madrid Spain Website : www.sunedison.es/ Attention: Jesus de Pablo
Financier : European Bank for Reconstruction and Development (EBRD),
Financier address : Financier: European Bank for Reconstruction and Development (EBRD) One Exchange Square London EC2A 2JN United Kingdom Website : http://www.ebrd.com/