San Jose, CA /PRNewswire/ - RAI Energy International, Inc. ("REI"), the global energy development company, announced today that the 20-megawatt Jordan Solar One power plant has entered commercial operation. Located north ofAmman in Mafraq, Jordan, the photovoltaic project is considered the largest solar power plant in northern Jordan. REI co-developed the project through a PPA signing and retains a minority ownership interest, with Dubai-based Adenium Energy Capital and other regional investors owning the remaining interest.
"The Jordanian solar power sector is poised for explosive growth, and Jordan Solar One is helping provide a much-needed new source of renewable energy," said REI President and CEO Mohammed Alrai. "This state-of-the-art solar project will supply nearly 15,000 Jordanian households with clean, reliable electricity."
Construction of the project began in June 2015. Today, Jordan Solar One delivers energy to National Electric Power Company (NEPCO) under the terms of a 20-year power purchase agreement.
In addition to our activities in the U.S. renewable energy market, REI is looking to develop renewable energy projects in the growing Jordanian energy market and in the Middle East and Africa. To-date, REI has developed more than 200 MW of utility-scale and distributed generation solar PV projects and has a robust portfolio of distributed generation solar and energy storage.
About RAI Energy International, Inc.
Based in Silicon Valley, RAI Energy International, Inc. (REI) is a global energy development company managed by a group of highly qualified executives with more than 75 years of experience in the energy sector. Since its inception in 2006, REI's expertise has translated directly to its clients' clean power, commercial and industrial productivity and reliability to help meet their business goals, boost their bottom line and increase shareholder value. For more information on the company, please visit www.raienergy.com.
About Adenium Energy Capital
Adenium Capital is an expert in solar financing and operations with utility-scale projects in the Middle East, Europe and Japan. Adenium Energy Capital was launched in early 2010 as an investment company specializing in the investment in and development of clean energy and alternative energy-related sectors. Adenium's mandate is to build a diversified global portfolio of clean energy assets with an initial focus on the solar markets.
SOURCE: RAI Energy International, Inc.Copyright 2016 PR Newswire. All Rights Reserved