Jordan has signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to advance the country’s green energy transition, covering renewable energy expansion, battery storage, transmission infrastructure, and green hydrogen development, Zawya Projects reported.
The agreement was signed between the EBRD and Jordan’s Ministry of Planning and International Cooperation, Ministry of Energy and Mineral Resources, and the National Electric Power Company (NEPCO). It establishes a strategic framework for cooperation across several priority areas central to Jordan’s energy sector reform agenda.
Under the MoU, the EBRD will support the preparation and implementation of tenders for renewable energy projects and battery energy storage systems (BESS). The bank will also assist with targeted reforms aimed at improving the financial sustainability of the electricity sector and will contribute to investments to modernise Jordan’s national transmission network, with a specific focus on strengthening NEPCO’s financial and operational resilience.
On green hydrogen, the EBRD said it would provide technical assistance to support Jordan’s ambition to develop Aqaba as a regional green hydrogen hub. The bank also indicated it was considering financing future green hydrogen projects in the country.
Jordan has set a target of sourcing 50 per cent of its energy from renewables by 2033. The MoU with the EBRD is expected to provide institutional and financial support to help the country progress towards that goal through a combination of project preparation, regulatory reform, and infrastructure investment.
