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Scatec Solar announces $100 million of project funding for Jordanian power plants
By Lisa Kerner
Charlotte, N.C., Nov. 10 – Scatec Solar ASA announced it secured $100 million of project financing for three solar power plants in Jordan.
The debt financing will be provided by the European Bank for Reconstruction and Development and the French development agency Société de Promotion et de Participation pour la Cooperation Economique (Proparco), according to a news release.
Scatec developed the projects with its Jordanian partners, Quest Energy Investment LLC, European Jordanian Renewable Energy Projects LLC and Greenland Alternative Energy LLC.
The plants are expected to be completed in the second half of 2015.
Scatec Solar is an integrated independent power producer based in Oslo.
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