Abour Energy Company, a joint venture of Dubai-based AMEA Power and Saudi’s Xenel Industries have commissioned its 51.75-megawatt (MW) wind power plant in Jordan last week.

Islamic Development Bank (IsDB) and the International Finance Corporation (IFC) helped finance the project.

The project, comprising of 15 Vestas wind turbines installed in the Tafila Governorate, started commercial operations in early July despite the challenges of COVID-19.

Awarded in the first round of Jordan’s renewables feed-in tariff (FiT) programme, the plant would be operated for 20 years by Abour Energy Company, and offset 2 million tonnes of carbon emissions annually, AMEA Power said in a press statement on Wednesday.

IFC structured the transaction as an Islamic Finance Ijara transaction, its first in the renewable energy sector in the Middle East and North Africa (MENA), the statement said.

Hussain Al Nowais, Chairman of AMEA Power, said: “This is our second operational project, following the recent commissioning of a 50 MW solar project in Togo. This is also our first grid-connected wind power project. AMEA Power is proud to establish its presence in Jordan and to be supporting the country in its drive to boost the renewable energy share in the country.”

Jordan has set a target of increasing the share of renewable energy in its power mix to 30 percent by 2030 to reduce its reliance on fuel imports.

SDC Deal Number: 3397540158

(Writing by Anoop Menon; editing by Seban Scaria)

(anoop.menon@refinitiv.com)

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