Masdar, Abu Dhabi’s renewable energy company has announced in it's press release that they have signed a
framework agreement with the Hashemite Kingdom of Jordan that will allow
for the company to play a prominent role in the development of clean,
sustainable energy in the country.
The agreement was signed during the sixth World Future
Energy Summit (WFES).
Jordan, one of the Middle East’s most promising clean energy markets
because of its new renewable energy feed-in tariff, has agreed to work
with Masdar to realise its future energy ambitions. The agreement
details a collaborative plan for Masdar to strategically engage in
Jordan’s transition from hydrocarbon reliance to a more diversified and
secure energy mix.
“This agreement lays the foundation for Jordan to partner with Masdar
and utilize our expertise to deploy renewable energy projects,” said
Dr. Sultan Ahmed Al Jaber, CEO of Masdar.
“Jordan has identified the value and long-term benefits of investing
in clean energy,” added Dr. Al Jaber. “The country’s commitment is
demonstrated by the recent establishment of a renewable energy feed-in
tariff to support domestic clean energy projects.”
The agreement between Masdar and Jordan has two components. First, it
will facilitate competitive tenders for renewable energy projects for
Masdar in Jordan. Second, the agreement will create a public-private
partnership between the two parties allowing Jordan to consult directly
with Masdar on the viability of domestic projects and leverage Masdar’s
expertise in the delivery of those projects.
With domestic energy production and generation comparatively low,
Jordan’s recent move to implement the Middle East’s first feed-in
tariff, incentivising domestic growth in renewable energy, is a clear
indicator of both its sustainable energy ambitions and its desire to
develop more energy at home.
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 recognise 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,”
added Mr. Batayneh
