One of the first wind power plants to be developed in Jordan will benefit from a $70 million loan from the European Bank for Reconstruction and Development.
One of the first wind power plants to be developed in Jordan will benefit from a $70 million loan from the European Bank for Reconstruction and Development (EBRD).
The EBRD finance will support the construction of the Al Rajef power plant, which is being developed by Green Watts Renewable Energy in the Ma’an governorate of southern Jordan.
The 86 MW facility is the first wind project being developed under round one of Jordan’s renewable energy feed-in-tariff programme and will increase the country’s installed wind capacity by around 40 per cent.
The total project cost for Al Rajef wind farm is $185 million. The EBRD loan will be accompanied by parallel loans of $50 million from Proparco (Société de Promotion et de Participation pour la Coopération Economique S.A.) and $19.4 million from DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH (German Investment and Development Corporation).