The acquisition is in line with Virescent’s strategy to acquire operational renewable energy assets that have stable long-term cashflows with government counterparties across India.
The Al Husainiyah solar plant, 200km south of Jordanian capital Amman, is the Indian multinational EPC provider’s third project in Jordan.
The Indian solar developer said the Oman facility would use 3 GWp of solar and 0.5 GWp of wind energy to produce 2,400 tons of green ammonia daily and approx. 0.9 million tons annually. Construction is planned in phases with an investment of $3.5 billion over the next three years.
SolarEdge’s new three-phase inverters are available in variants up to 120 kW, with integrated monitoring and a modular design.
The Indian multinational EPC contractor has been awarded significant power transmission and distribution contracts in Ladakh and Ayodhya, in addition to overseas projects in Saudi Arabia, Africa and Thailand.
‘One Sun One World One Grid’ is a global supergrid project proposed by India for seamless sharing of renewable energy resources among countries. The inception workshop was attended by more than 160 experts and discussed the roadmap of the project.
The nation maintained the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment.
The Indian multinational will build the plant on an engineering, procurement and construction basis for the consortium of UAE-based renewable energy developer Masdar, France’s power utility EDF Renewables and Saudi Arabian company Nesma.
The 1.5 GW Sudair Project is Saudi Arabia’s largest solar plant with power purchase agreement signed. It is also one of the world’s largest PV plants.
The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energies.
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