The new plant, located 13km south east of the city of Ma’an in southern Jordan, would reduce Jordan’s dependence on hydrocarbons while addressing the country’s energy shortages by using its solar resource.
The new plant will deliver energy from a domestic resource.
A subsidiary of SunEdison will build and operate the power plant, which will be co-financed by a $25m loan from the US Overseas Private Investment Corporation (OPIC).
EBRD loan will help the nation to develop sustainable energy resources and increase energy security, the important objectives of its strategy in the country.
EBRD power and energy director Nandita Parshad said: "This is a region with a rapidly growing demand for power but also with a large potential for the development of renewables.
"Jordan in particular is a country where solar energy can make a clean and reliable contribution to meeting rising demand and reducing dependence on expensive hydrocarbons."
