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Afak Energy 10 MW Solar Power Plant Development Project – Tal Al-Daman, Aleppo, Syria
Project
Information
Client:
Syrian Investment Agency (SIA)
Sector:
Energy & Environment
Start Date:
Oct 23, 2025
Expected Completion Date:
Oct 23, 2026
Cost:
USD 4,500,000
Project Description
1. Project Overview
| Item | Details |
|---|---|
| Project Name | Afak Energy 10 MW Solar Power Plant |
| Location | Tal Al-Daman, Aleppo, Syria |
| Sector | Renewable Energy / Solar Power |
| Developer | Afak Energy |
| Technology | Photovoltaic (PV) Solar Energy |
| Installed Capacity | 10 MW AC |
| PV Capacity | Approximately 10 MW DC |
| License Duration | 20 Years |
| Power Purchase Agreement | Guaranteed for 20 years |
| Electricity Sale Price | USD 0.04 per kWh |
2. Project Vision
The project seeks to:
- Strengthen Syria's energy independence and security.
- Support sustainable economic development.
- Reduce reliance on conventional energy sources.
- Promote environmental sustainability through renewable energy.
- Create long-term value for investors while contributing to national reconstruction and growth.
Project Motto:
"Towards New Horizons... Lighting the Future Together."
3. Financial Information
| Item | Value |
|---|---|
| Total Investment | USD 4,500,000 |
| Annual Energy Production | 20–22 Million kWh |
| Expected Annual Revenue | Approximately USD 720,000 |
| Total Shares Available | 1,000 Shares |
| Share Value | USD 4,500 |
| Expected Profit per Share | USD 720/year |
| Expected Annual Return | 16% |
| Operating Costs | Approximately 10% of annual revenue |
| Capital Payback Period | 6.25 Years |
4. Project Timeline
| Milestone | Date / Duration |
|---|---|
| Initial License Issued | 23 October 2025 |
| Construction Period | 6–10 Months |
| Construction Deadline | 23 October 2026 |
| Start of Operations | Within one month of commissioning approval |
| Regulatory Requirement | Completion within 12 months from license date |
5. Investment Structure
| Item | Details |
|---|---|
| Minimum Investment | One Share |
| Ownership Expansion | Investors may purchase multiple shares |
| Investment Model | Equity Participation |
| Revenue Source | Sale of electricity under long-term PPA |
6. Investor Rights & Guarantees
Investors receive:
- Signed and approved investment contract.
- Official company documentation.
- Certified share authorization documents.
- Official share certificates registered in the investor's name.
The investment agreements and supporting documents are legally recognized and enforceable under applicable regulations.
7. Profit Distribution
- Revenue is collected after approval and payment by the electricity authority.
- Profit distributions are processed within 30 days of invoice approval.
- International investors may receive profit transfers through approved banking and money transfer channels operating between Syria and Turkey.
- Existing Turkish bank account holders can receive transfers by providing account details.
8. Expected Project Benefits
Economic Benefits
- Stable long-term cash flow.
- Attractive annual investment returns.
- Support for local economic development.
- Job creation during construction and operation.
Environmental Benefits
- Clean renewable electricity generation.
- Reduction in greenhouse gas emissions.
- Lower dependence on fossil fuels.
Social Benefits
- Improved energy availability.
- Enhanced infrastructure resilience.
- Contribution to sustainable community development.
9. Company Information
| Item | Details |
|---|---|
| Company | Wefaq Renewable Energy LLC |
| Commercial Register | 24133/2025 |
| Membership Number | 26159 |
| Bank | Al Baraka Bank Syria |
| SWIFT Code | BBSYSYDA |
Executive Summary
The Afak Energy 10 MW Solar Power Plant Project is a utility-scale renewable energy development in Aleppo, Syria, backed by a 20-year power purchase guarantee. With a total investment requirement of USD 4.5 million, projected annual revenues of USD 720,000, and an expected annual return of 16%, the project combines financial attractiveness with meaningful environmental and social impact. It represents a strategic investment opportunity aimed at supporting Syria's transition toward sustainable energy and long-term economic growth.