Masdar, Abu Dhabi’s renewable energy company and host of Abu Dhabi Sustainability Week (ADSW) has signed a framework agreement with Jordan to help develop the kingdom’s renewable energy potential. The deal defines a collaborative plan to foster Jordan’s transition from fossil fuels to a more diversified and secure energy mix, according to a statement from Masdar.
Press announcements state that the agreement will facilitate competitive tenders for Masdar [projects] in Jordan. It also establishes a public-private partnership in which Masdar will advise the nation on commercial viability and, eventually, delivery of clean energy projects.
Masdar said Jordan was one of the Middle East’s “most promising clean energy markets”, in part because of its new renewable energy feed-in tariff, which creates incentives for local renewable energy projects.
Alaa Batayneh, Jordan’s Minister of Energy and Mineral Resources, said: “Jordan’s steadfast desire to navigate a path toward energy security and sustainability is of great national importance. The renewable energy industry is set to provide a significant boost to our economy as well provide a pathway to meet future energy demands. ”
“We recognize Masdar as a regional leader in the adoption and delivery of clean energy, and this agreement will support Jordan as we build a new energy industry, benefiting both our economy and society,” Batayneh told The Jordan Times.
Jordan’s Queen Rania delivered a keynote speech at the opening of the event on Tuesday, underscoring Jordan’s growing commitment to renewable energy development.
Image of Jordan Minister Alaa Batayneh with Masdar CEO Sultan Ahmed Al Jaber from Masdar