January 11, 2016 – Amman, Jordan – Today the King Hussein Foundation (KHF), under the patronage of Her Majesty Queen Noor, Founder and Chairperson, confirmed its commitment to sustainable development by signing a soft loan agreement with Capital Bank, financed by the French Development Agency (AFD) and supported by the EU, to initiate the installation of a photovoltaic (PV) wheeling project in ShafaBadran, Amman. The PV power station will cover the energy needs of most KHF institutions and branches across Jordan with the cooperation of the Jordanian Electric Power Company (JEPCO).
“The efforts of the King Hussein Foundation give life to King Hussein’s legacy. Today, we celebrate pioneering initiatives in environmental conservation and renewable energy. For over 30 years, the King Hussein Foundation programs have prioritized support for these commitments. By establishing this solar farm in ShafaBadran, the King Hussein Foundation is contributing to Jordan’s effort to become more self-sufficient in the field of renewable energy generation.” said Her Majesty Queen Noor. “We at KHF are proud to be a nonprofit pioneer by reducing our carbon footprint, and therefore contributing to Jordan’s strategic energy goals.”
Jordan currently relies on imports for 96% of its primary energy requirements, with renewable energy making up less that 2% in 2013 of the total energy mix. But with an abundance of solar energy available, the Ministry of Energy and Mineral Resources has addressed this challenge by setting the goal of increasing Jordan’s rate of renewable energy generation to 10% by 2020.
“The King Hussein Foundation’s photovoltaic wheeling project is a perfect illustration of the economic potential of renewable energy for Jordan. By encouraging other entities to follow this example, this project is contributing to Jordan’s efforts […] to fight climate change. In this regards, France is willing to remain a key partner for Jordan.” – His Excellency David Bertolotti, French Ambassador to Jordan. The French Development Agency (AFD) Sunref program supports banks worldwide to provide soft loans to renewable energy initiatives, in line with the EU vision.
His Excellency Andrea Matteo Fontana, Ambassador of the European Union to Jordan, was also in attendance and discussed the EU’s vision for green energy, including the EU’s partnership with Jordan to reach this goal.