Another of our firsts, the Lux Nova team built on the work we did on the Tafila Wind Farm, advising Samer Judeh (part of the Tafila consortium) and Jordan private equity fund, Foursan, on the first utility scale solar farm (10 MW) to become operational in Jordan.
Leveraging our in-country experience having developed the precedent Jordanian PPA on the Tafila project, we were able to guide negotiations with the government off-taker on power purchase and grid connection to swift conclusion. Part of a series of projects in Jordan debt financed by the International Finance Corporation (IFC), given our previous in-country experience we were also able to set direction for the other IFC funded projects in relation to the project finance elements.
The full turnkey design build operate and maintenance (DBOM) Contract was developed by us based upon FIDIC gold and concluded quickly, with the identity of the debt funders in mind and leveraging our knowledge of what was “bankable” in the jurisdiction. Enerray S.P.A, of Italy, are the construction contractors, supplying, installing, operating and maintaining the solar panels.
We continued to advise the Shamsuna project team on issues arising on contract management and equity interests, maintaining an integral advisor role as the life of the project progressed until its recent sale.