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Jordan Wind Energy Outlook Update

  • October 2015
  • 7 pages
  • GlobalData
Report ID: 3388991

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Jordan Wind Energy Outlook Update

Summary

Jordan lacks natural resources such as coal reserves, commercially viable oil deposits, and natural gas, meaning that it must depend on imported fossil fuel for power generation. The Ministry of Energy and Mineral Resources (MEMR) is the apex body for the energy sector. In 2005, the National Energy Efficiency Strategy came into play, aiming to reduce dependence on imported products and boost renewable energy infrastructure through 600-1,000 Megawatts (MW) of wind energy, 300-600 MW of solar energy, and 30-50 MW of energy from waste. The Renewable Energy & Energy Efficiency Law, which came into force in 2010, further increased focus and investment.

The country has set technology-specific targets by 2020: 1,200 MW of wind energy, 300 MW of solar Photovoltaic (PV), and 300 MW of Concentrated Solar Power (CSP). To achieve these targets, it introduced the Jordan Renewable Energy and Efficiency Fund to promote energy-saving programs and renewable energy initiatives. It is financed by the government and international development aid agencies such as the World Bank and the French Development Agency (Agence Française de Développement, AFD).

Jordan is also exploiting its wind power potential, with wind speeds of 7.5 meters per second (m/s) recorded in northern and western areas, and 11.5 m/s in hilly areas. Five upcoming projects are expected to come online in Ma'an and Aqaba in the future, while currently active projects include the 117 MW Tafila wind farm, the 1.13 MW Hofa wind farm, and the 0.32 MW l-Ibrhymia wind farm. Tafila was Jordan’s first utility-scale wind farm project. It became operational on September 20, 2015 after receiving funding of more than $220m from a number of international sources, such as the International Finance Corporation (IFC), European Investment Bank (EIB), Eksport Kredit Fonden (EKF), OPEC Fund for International Development (OFID), Dutch Development Bank (FMO), Europe Arab Bank, and the Capital Bank of Jordan (CAP).

Scope

- The report includes an update on wind power regulatory framework, upcoming projects and major deals.

Reasons to buy

- The report gives an update on the country's wind energy sector.
- Helps in understanding the growth trajectory of wind power in the country
- Gain insights into the country's wind power policies and regulations
- Identify investment opportunities through upcoming wind energy projects
- Identify major deals and investments made in the wind energy sector during 2013-2015

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