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December 19, 2016

Gamesa and Elecnor consortium to develop 86MW wind project in Jordan

In a consortium with energy group Elecnor, Spanish wind turbine manufacturing company Gamesa has secured a new contract to develop a 86MW windpower plant in Maan, southern Jordan.

By Lopamudra Roy

In a consortium with energy group Elecnor, Spanish wind turbine manufacturing company Gamesa has secured a new contract to develop a 86MW windpower plant in Maan, southern Jordan.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The project was awarded by Jordanian incorporated special purpose vehicle Green Watts Renewable Energy, which is a fully-owned subsidiary of Alcazar Energy. To be constructed on a turnkey basis, the new Al Rajef project will feature 41 G114-2.1MW wind turbines.

Under the terms of the deal, Gamesa will not only be responsible for the deployment of the wind turbines but will also operate and maintain the plant for 20 years.

"The new Al Rajef project will feature 41 G114-2.1MW wind turbines."

As part of the engineering, procurement, and construction (EPC) contract, Gamesa will deliver the entire infrastructure required to install and operate the facility. It will start delivering the turbines in autumn next year.

While the project is expected to be commissioned in September 2018, the 86MW windpower plant will become fully operational by October in the same year. With its completion, Gamesa will have developed its second windpower project in Maan, Jordan.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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