Alternative Energy Projects Co Partners up with Green Sources Investments for the Development of 50MW Solar Plant

01 May 2024

Amman, Jordan, 15 March 2024: Alternative Energy Projects Company has partnered up with Jordan-based development, contracting and investment company Green Sources Investments (GSI) for the development and execution of a utility scale solar PV power plant in Ma’an Jordan. The solar plant expected capacity of 50MW will contribute to the Kingdom’s ambitions to decarbonize its electricity sector and drive towards a net zero carbon target under the Kingdom’s Nationally Determined Contributions, with the short-term goal of conditional emissions reduction target of over 30% by 2030. AEPCo. & GSI Teams On this occasion, Dr. Hassan Qasem, AEPCo’s CEO said: “We believe in our team and in their capabilities to lead this project to completion. This project will be a flagship project for AEPCo in Jordan and with the recent developments in technology along with the high irradiance values in Ma’an area, we expect to produce a benchmark in energy generation from a solar plant. We are excited to continue building our partnership with GSI and to be part of the Kingdom’s roadmap of carbon footprint reduction started over a decade ago.” On his part, Mr Maher Al Farraj, CEO of GSI said, “We are pleased to forge this partnership with AEPCo and build on our strong track record in solar project development, finance, execution and asset management. Through our cooperation with AEPCo, we are positioning ourselves at the vanguard of the regional transition to renewable resources, addressing both environmental concerns and the rising demand for sustainable energy.” Mr Maher Al Farraj Quote With construction slated to begin later this year, the project is expected to create numerous jobs and contribute substantially to local economies. Upon completion, this solar power plant will provide clean electricity to thousands of homes annually while reducing dependence on fossil fuels.     About Alternative Energy Projects Co. :   Alternative Energy Projects Co. (AEPCo) is a Kuwait based company specialized in renewable energy. AEPCo has been developing renewable energy projects since 2016 and has a track record of about 640 MW around the MENA region. AEPCo is a fully owned subsidiary of Kuwait Projects Company (Holding) (KIPCO Group). KIPCO’s operations extend across the Middle East and North African region in countries such as Kuwait, Jordan, Saudi Arabia and Oman.  AEPCo. is specialized in renewable energy development and construction as well asproviding consultative services on energy conservation, thus providing innovative solutions to its customers. Alternative Energy Projects Co. (AEPC) | (   About Green Sources Investments:   Green Sources Investments (GSI Ltd.) was established in 2009 as a specialized EPC company (Engineering, Procurement and Construction) for renewable energy Photovoltaic Solar Systems. GSI provides fully integrated solutions for the successful implementation of solar PV projects. At the heart of these solutions is the deep industry knowledge and track record of a global solar EPC. GSI has been established and built with focus on having an excellent track record for the best customer satisfaction. The company never compromised on the quality and the services provided to the customer. GSI believes in keeping customers happy and providing them with products at a very competitive price, and has an excellent team of qualified engineers with the highest credentials in electromechanical engineering and project management.