Loans – Tender loans for Jordan’s photo voltaic rebate scheme – pv journal Worldwide

Jordan’s Ministry of Vitality and Mineral Assets has signed an settlement with the Housing Bank for Commerce and Finance (HBTF) to assist a rebate program for residential PV methods and photo voltaic thermal collectors.

The federal government stated the bank will finance 70% of residential PV initiatives via gentle loans. Clients will obtain rebates of round 30% on the preliminary funding prices of residential PV methods.

The Kingdom of Jordan’s Renewable Vitality & Vitality Effectivity Fund (JREEEF) will present the funds for the rebates. The subsidies will probably be granted to initiatives under 3.6 kW in dimension beneath the nation’s web metering regime. The federal government has additionally stated that the PV methods may not price greater than JOD 550 ($775) per kilowatt put in. Over the previous 12 months, the JREEEF has secured assist from a number of Jordanian monetary establishments, together with Jordan Islamic Bank.

The nation had 998 MW of put in solar energy on the finish of December 2019, in keeping with the Worldwide Renewable Vitality Company. It had round 360 MW put in beneath web metering by he finish of December 2018, in keeping with Decentralized Photo voltaic in Jordan, which was printed by SolarPower Europe in September 2019. Final 12 months, newly put in PV capability in all segments reached 169 MW.

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