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.

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