EBRD signs MOU with Jordan to support renewables including green hydrogen

In Jordan, the European Bank for Reconstruction and Development (EBRD) has signed a memorandum of understanding (MoU) with Jordan’s Ministry of Planning and International Cooperation, Ministry of Energy and Mineral Resources, and its National Electric Power Company (NEPCO) to support the country’s green transition. 

The MoU establishes a strategic framework for cooperation that is focused on strengthening energy security by expanding renewable capacity and battery energy storage systems (BESS), improving the national transmission system and enhancing NEPCO’s financial and operational resilience. The agreement will support the advancement of Jordan’s low-carbon pathway and the acceleration of green hydrogen development.

Under the agreement, the EBRD will support the preparation and implementation of tenders for renewables and BESS, help with targeted reforms to improve the financial sustainability of the electricity sector and assist with investments to modernise the transmission network. The Bank will also provide technical assistance to support Jordan’s ambition to position Aqaba as a regional green hydrogen hub, with the EBRD considering financing future green hydrogen projects.

The MoU supports Jordan’s target for 50 per cent of its energy to come from renewables by 2033.

Tags: EBRD, green hydrogen, Jordan

Category: Fuels