Hanergy Funds Renewable Energy Grid In Jordan
Jordan is planning to significantly increase their renewable energy infrastructure and will require a robust power transmission network to make efficient use of that infrastructure. The country is now getting help from foreign companies to set up such a transmission network.
China-based renewable energy company Hanergy has announced a grant of $310 million to Jordan for setting up a power transmission network dedicated to renewable energy projects in the Middle-east country.
Expanding the transmission capacity of the nation’s power grid is essential to the Jordanian government’s plans to increase the renewable energy capacity base. The current transmission capacity in the country stands at 3,200 MW. Jordan has already announced a plan to add 1,800 MW of renewable energy capacity — 1,200 MW wind energy and 600 MW solar power by 2020.
Auctions for solar and wind power projects have already began and have given exceptional results as well.
A total of 14 projects, 12 solar power and 2 wind power, were allocated under the first auction held in February this year. The solar power projects, with cumulative capacity of 200 MW, will sell electricity in the range of US¢14.8-16.9/kWh while the wind energy projects will sell power at US¢12/kWh.
A second auction for solar power projects saw developers bidding aggressively for the projects. Again, 200 MW were allocated last month with the tariffs quoted by successful developers ranging between US¢6.13 and US¢7.97/kWh.
Jordan had to cancel proposals for development of 800 MW renewable energy capacity last year as the country’s power grid lacked transmission capacity to absorb new power generation installations.
Image Credit: Ymousa | CC BY-SA 3.0
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