Jordan renewables set for $300m boost
Jordan is to receive about $300m in funding from regional economic body the Gulf Cooperation Council (GCC) to boost renewable energy via a series of wind and solar projects.
The money – part of a $5bn GCC grant – will help fund 75-100MW of wind and 50-75MW of solar capacity in the Maan and Aqaba governorates in southern Jordan.
The funding is the latest in a string of international aid agreements for clean-energy projects in Jordan, including a $112m loan from the World Bank in July to support the establishment of a 100MW concentrating solar power (CSP) plant.
Jordan is talking to local and international companies over the implementation of more than 1GW of wind and solar projects.
It hopes to seal final agreements during the first quarter of this year.