EBRD funds wind power plant in Jordan

November 2, 2016
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 The European Bank for Reconstruction and Development (EBRD) is providing a loan of approximately EUR 63 million for the construction of an 86 MW wind power plant in the Ma’an governorate of southern Jordan.

The plant will increase the country’s installed wind capacity by around 40 per cent. The EBRD has been supporting Jordan’s renewable energy programme since 2012, including financing solar photovoltaic power plants totalling 60 MW to date.  
Jordan is facing a serious challenge to meet the growing demand for electricity in a sustainable and affordable manner. We are very proud to step up our commitment by financing this wind power plant and we look forward to getting even more deeply involved in Jordan’s energy sector in the near future,” said Nandita Parshad, EBRD Director for Power and Energy.
Jordanbecame an EBRD country of operations in 2012 and to date the EBRD has committed EUR 613 million through 29 projects in various sectors of the economy, including trade facilitation credit lines with local banks.
The EBRD’s strategic plan for the period 2016-18 has three priorities: strengthening economic resilience, addressing global challenges and supporting regional integration. In the context of the EBRD’s focus on Green Economy Transitionsince late 2015, the EBRD expects to more than triple the volume of renewable energy financed in Jordan in the near future. (EU Neighbourhood Info)
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EBRD Jordan
EU Neighbourhood Info Centre webpage Jordan

Countries covered:

  • Jordan