Two Emirati developers are celebrating landmark deals with a commercial and industrial focus as Yellow Door Energy secures $65 million to expand operations into new markets and Adenium – one of Yellow Door’s backers – prepares to operate the region’s first industrial self-consumption and net metering project.
Auctions and new licenses will be suspended until the Jordanian government has assessed the capabilities of its power network.
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.
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