European Bank for Reconstruction and Development promotes private-to-private solar energy in Jordan

10-02-2021
European Bank for Reconstruction and Development promotes private-to-private solar energy in Jordan
European Bank for Reconstruction and Development promotes private-to-private…
Copyright: EBRD

The European Bank for Reconstruction and Development (EBRD) and DEG (part of the KfW Group) are providing Yellow Door Energy, a leading sustainable energy provider for businesses, with a US$ 10.6 million loan in local currency for the development, construction and operation of a portfolio of eight solar photovoltaic (PV) plants in Jordan.

The portfolio of plants will supply the entirety of the electricity generated to five private consumers: Umniah (telecommunications industry), Carrefour supermarkets, Safeway supermarkets and Taj Mall (retail industry) as well as Classic Fashion (garments manufacturing). In total, 48.3 MWp of renewable energy capacity will be added to Jordan’s power system, generating over 81 GWh of renewable electricity per year during the lifetime of the project. The plants are also expected to reduce CO2 emissions by more than 49,000 tonnes per year.

Yellow Door Energy is the leading sustainable energy partner for businesses, serving commercial and industrial customers in the Middle East and South Asia. The company’s solar and energy efficiency solutions enable businesses to reduce energy costs, improve power reliability and lower carbon emissions.

Since the start of its operations in Jordan in 2012, the EBRD has provided more than €1.4 billion in financing for 54 projects there.

 

Read More

Press Release

European Bank for Reconstruction and Development (EBRD)