The funds, provided by the European Bank for Reconstruction and Development, will help utility NEPCO repay short-term debt, as well as financing expansion of the grid’s capability to increase the share of solar and other renewable energy.
Jordan has taken great strides to green its energy mix. In addition to the successful implementation of many large-scale projects, small PV systems – mainly under the net metering scheme – are booming in the country.
In a study on the potential for local manufacturing of renewable energy equipment in the Arab region, IRENA has assessed how three pilot Arab countries – Lebanon, Jordan and the UAE – where development of clean energy is currently strong, may host PV, CSP and wind energy industries. In all of them, however, there are currently few chances of seeing a rising solar and renewable energy manufacturing industry, due to a series of challenges, such as, among others, the lack of a qualified workforce, and favorable regulatory settings.
After the impressive results seen a month ago in Jordan’s Round 3 PV and wind auction, the successful developers have still not been announced, despite the government initially saying it would take two weeks to award the bids.
The results of Jordan’s Round 3 solar PV auction have been announced. Jinko Power (HK) Company Limited submitted the lowest bid of US$0.02488/kWh. Jinko, along with two other companies, are now in pole position to be awarded projects. A final decision will be made after the financial offers have been validated, among other things.
Changes to Jordan’s Round 3 renewable energy auction will mean just 150 MW of capacity will be allocated for PV projects, down from 200 MW. Meanwhile, the government has accepted all 16 of the technical bids submitted in April, meaning it now hangs on price. The final results are expected soon.
Through a new tender the Jordanian government is seeking bids for the construction of a second solar facility at the Azraq camp. The project will be financed with European Union funds.
The EPC provider, which is active in the MENA region, announced that it expects a 900 MW pipeline shortly. The company was recently acquired by U.K.-based Arjun Investment Partners and reportedly has increased its staff size by 30% this year. The company cites an increasing interest in asset diversification and good economics as reasons for MENA’s investment in solar PV.
Planned wheeling station will be backed to the tune of up to $8.5m by a private equity fund and is expected to be operational by July next year.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.