First round of projects will reach financial close soon
Jordans Ministry of Energy and Mineral Resources (MEMR) has delayed the second round of proposals for solar photovoltaic (PV) projects in its direct proposal programme to 10 February 2015.
The original deadline for the proposals, which will operate under a feed-in tariff, was in July 2014.
The third round of proposals was cancelled in July 2014 due to lack of human resources and grid capacity.
Power purchase agreements for the first round of projects were signed in mid-2014, but some of the 12 projects are yet to reach a financial close. The deadlines for developers to secure financing were extended as far as May 2015.
Shams Maan, the largest project, with a capacity of 52.5MW, announced it had reached a financial close on 21 January 2015.
Sources involved in other projects say they will reach a financial close soon, and no major obstacles remain. Developers expect to bring projects online in mid-2015.
The MEMR also delayed deadlines for the Quweira solar project as it focuses on first round projects.
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