World Bank to lend $70 million to 100 MW Jordan solar project

July 16, 2012 — The World Bank will support a 100 MW solar power project in Jordan with a loan of $70 million.

The project calls for a total investment of some $600 million, according to reports. The Jordani government is looking for other sources of financing.

Jordan, which is heavily dependent on foreign oil imports, is looking for ways to use its own resources. The project aims to demonstrate that solar power can help protect the environment, reduce energy consumption and encourage the use of renewable energy sources in Jordan.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs