• Pioneering project in the Jordanian banking sector under the “Power-Wheeling”-regulation
Sulzemoos, November 15th, 2016 / Phoenix Solar Overseas GmbH, a 100 per cent subsidiary of Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, and its partner Al Rokh, a subsidiary of Millennium Energy Industries (MEI), have been jointly awarded an order to build a 1.5 MWp power plant on behalf of Jordan Ahli Bank.
Jordan Ahli Bank, with headquarters in Amman, is one of the pioneering financial service providers to make use of the Jordanian “Power- Wheeling”-regulation. This innovative approach allows power generation in a location different from the consumption site, and is part of the Renewable Energy regulatory framework implemented in Jordan. This will enable Jordan Ahli Bank branch offices throughout the Hashemite Kingdom to use the electricity as generated by the photovoltaic power plant in a remote location.
Phoenix Solar will carry out all engineering, procurement and project management tasks while Al Rokh will take on the actual construction works. Phoenix Solar will also be responsible for the operation and maintenance of the power plant. During construction consulting firm E- Res Energy will act as representative of the Bank and Technical Supervisor.
