The complex will be built in the Wade al-Rabi area, located some 50 kilometers east of Damascus, and will have a capacity to generate 300 megawatts.
The business group, whose name was not disclosed for fear of U.S. and European Union sanctions, will deliver the project within two years and will guarantee 100 percent financing of the project through payment facilities in the form of quarterly installments over 10 years.
The plant is divided into six sections, each of which will generate 50 megawatts, and the number of photovoltaic collectors used will exceed 550,000.
When commissioned, the project will save 125,000 tons of fuel per year, equivalent to US$55 million.
The Syrian authorities recently announced that at least 73 alternative energy projects have come into operation, while others are being implemented in different provinces.
Syrian Electricity Minister Ghassan al-Zamel told parliament that the country would generate more than 400 megawatts from solar energy by the end of this year.
Of the 9,000 megawatts before the war, Syria currently generates about 2,300 due to the lack of fuel and spare parts needed for the maintenance of power plants as a result of the blockade and sanctions.