The EBRD development bank has secured $65mn of financing for a 51MW solar PV power plant in Jordan, to be built 150km northeast of Amman at Al-Safawi. The bank estimates the total development cost for the plant at $93.3mn.

The loan will be provided to the Al-Safawi Green Energy joint venture of Spain’s Fotowatio (70%) and local firm Arabia Trading and Consulting (ATC). EBRD says the loan will be split equally between itself and Dutch development bank FMO. Spain’s TSK is EPC...