Jordan, ERES signs contract with Jordan’s Ahli Bank as project Consultant for 1,5MW PV Project

1,5MW EPC contract between Ahli Bank and the Joint Venture of Phoenix Solar and Al Rokh.

PRESS RELEASE:

Jordan Ahli Bank signed on September 27 an Engineering Procurement Construction (EPC) contract with the joint venture of Germany-based Phoenix Solar and Jordan-based Al-Rokh for its 1.5 megawatt solar project.

The 1.5 MW photovoltaic power plant will supply part of Ahli Bank’s energy needs. The project – among the first of its kind in the Jordanian banking sector at the moment – will follow “wheeling” regulations on renewable energies promoted by the Hashemite Kingdom of Jordan.

Jordan Ahli Bank contracted the consultancy company E-Res Energy to be the technical supervisor, manager of the supplier selection process, and the employer’s representative during the construction process of the 1.5 MW project.

Commenting on the project, Managing Director of E-Res Umberto Albarosa said: “The project reflects the will of Jordan Ahli Bank to lead the transition to green energy in Jordan with dedicated financial and technical solutions that provide full support for the installation of autonomous solar power plants for various industries, commercial activities, and the residential sector.”

Jordan Ahli Bank provides advisory and technical financial and non-financial solutions to invest in high-efficiency renewable energy and technological systems in order to reduce energy consumption. This is the first initiative of its kind in the banking sector in the Kingdom, and is directed at sparking the renewable energy sector in Jordan and encourages the residential sector, SMEs, and other businesses to adopt an efficient, sustainable approach to energy consumption. The initiative comes within the framework of the bank’s “After Sixty” strategy, through which it will continue to provide a variety of services and solutions to promote environmentally conscious action.

The management of Jordan Ahli Bank stated that they take pride in their participation in the field of development and economic sustainability, saying that “this is an area that is an integral part of our mission and a key factor in our strategy to encourage greater social responsibility. We work toward achieving this mission by actively participating in various areas of growth and continuing to compete under increasing challenges, especially in the field of energy. We endeavor to keep up with the latest industry trends, responding when required in order to help transform the Kingdom into a pioneer in the field of renewable energy."

The photovoltaic single-axis modules are expected to produce energy in an excess of 2200 kWh/kW per year. The plant is slated to be constructed in six months.

 

About E-Res Energy

E-Res Energy is a European company made up of international personnel. The company has extensive experience in renewable energy projects, extending across several European markets and in the Jordanian renewable energy sector.

E-Res has a total of 130 MW of renewable energy systems directly installed under its own supervision or developed as personal investment in Jordan, and the company works in line with its 100% Jordanian subsidiary, Madeenat al-Noor.

E-Res Energy offers a 360° advisory service in the solar energy sector, providing full support, including feasibility studies, design and planning, licensing and permitting, vendor selections, and tendering and contracting through a comprehensive process.

About Phoenix Solar

Phoenix Solar AG, with headquarters in Sulzemoos / Munich, Germany, is an international photovoltaic systems integrator. The Group develops, plans, builds and operates large-scale photovoltaic plants. The company has installed more than 1GW all over the world.

About Al-Rokh

100%   solar construction subsidiary of Millennium Energy industries (MEI). MEI is a Jordanian company, specialised in solar solutions, with over seven years experience, including EPC and O&M  for a 25MW thermal solar heating project in KSA.