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“Jordan – Scaling Up Renewable Energy Financing Facility” approved by Mitigation Action Facility Board for Implementation Phase

June 6, 2023
Image: © Matthew Henry (Unplash License)

Mitigation Action Facility Donors – the UK Department for Energy, Net Zero (BEIS) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) – have approved funding to support the implementation of an ambitious project in Jordan as part of the 6th Call.

The project “Jordan – Scaling Up Renewable Energy Financing Facility” is designed to overcome the technical, operational, and financial obstacles hindering the integration of additional renewable energy generation into Jordan’s central power grid. Unlike previous initiatives that primarily focused on deploying renewable energy, this initiative recognises the importance of tackling underlying challenges for successful integration. It acknowledges that simply increasing renewable energy generation is insufficient without addressing the grid’s capacity, stability, and demand-supply balance.

Following the approval for a Detailed Preparation Phase (DPP), during which projects work to further elaborate the proposed project concept, a comprehensive Project Proposal was submitted to the Mitigation Action Facility. Based on an in-depth assessment of the Proposal, Donors then approved the project to enter the Implementation Phase 1.

The Mitigation Action Facility’s support for this project illustrates the Board’s continued commitment to ambitious climate action.

The Mitigation Action Facility is a joint initiative of the German Federal Ministry for Economic Affairs and Climate Action (BMWK), UK Department for Energy Security & Net Zero (DESNZ), the Danish Ministry of Climate, Energy and Utilities (KEFM), the Danish Ministry of Foreign Affairs (MFA), the European Union and the Children’s Investment Fund Foundation (CIFF).