Jordan’s renewable energy sector received a major boost in 2014, with four investments by the EBRD in solar power plants worth a total of US$ 75 million (€61 million equivalent).

The four plants will together deliver 60 megawatts of much-needed generating capacity from a clean, reliable domestic resource, thereby improving energy security and reducing the country’s dependence on expensive imported hydrocarbons. Jordan, which has a rapidly growing demand for power, imports 97 per cent of the energy it consumes.

Helping to develop sustainable energy resources and increase energy security are key objectives of the EBRD’s strategy in Jordan, which has huge potential for solar power generation.

Jordan imports over 97 per cent of the energy it consumes.