Jordan Signs Strategic MOU with EBRD for Renewable Energy Expansion and Green Hydrogen Development

Jordan has signed a comprehensive memorandum of understanding with the European Bank for Reconstruction and Development to accelerate the country’s green energy transition through renewable energy expansion battery storage deployment and green hydrogen development.

The agreement was formalized between the EBRD and Jordan’s Ministry of Planning and International Cooperation Ministry of Energy and Mineral Resources and the National Electric Power Company NEPCO. This strategic partnership establishes a cooperation framework covering several critical areas of Jordan’s energy sector reform agenda.

Under the MOU the EBRD will provide support for the preparation and implementation of tenders for renewable energy projects and battery energy storage systems. The bank will also assist with targeted reforms aimed at improving the financial sustainability of Jordan’s electricity sector while contributing to investments that modernize the country’s national transmission network.

A key component of the agreement focuses on strengthening NEPCO’s financial and operational resilience through grid upgrades and infrastructure investments. The partnership is designed to enhance the stability and efficiency of Jordan’s power system as the country increases its renewable energy capacity.

The EBRD has committed to providing technical assistance to support Jordan’s ambitious plan to develop Aqaba as a regional green hydrogen hub. The bank indicated it is considering financing opportunities for future green hydrogen projects throughout the country as part of this strategic initiative.

Jordan has established an ambitious target of sourcing 50 percent of its energy from renewable sources by 2033. The MOU with the EBRD is expected to provide both institutional and financial support to help the country progress toward this goal through a combination of project preparation regulatory reform and infrastructure investment.

The partnership addresses multiple aspects of Jordan’s energy transition including renewable energy capacity expansion battery storage integration transmission network modernization and green hydrogen development. This comprehensive approach reflects the interconnected nature of modern energy systems and the need for coordinated development across multiple technologies.

The agreement comes at a time when Jordan is actively seeking international partnerships to support its clean energy objectives. The country’s strategic location and abundant solar resources position it as a potential renewable energy hub for the region making this partnership with the EBRD particularly significant.

The EBRD’s involvement brings both financial resources and technical expertise to Jordan’s energy transition efforts. The bank’s experience in supporting renewable energy projects across emerging markets provides valuable knowledge for implementing large scale clean energy initiatives.

This MOU represents a significant step forward in Jordan’s efforts to reduce its dependence on fossil fuel imports while building a more sustainable energy system. The partnership is expected to accelerate the deployment of renewable energy technologies and support the country’s broader economic development goals.

The agreement also positions Jordan to play a larger role in the emerging green hydrogen economy with Aqaba potentially serving as a hub for hydrogen production and export to regional and international markets.