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Jordan going ahead with solar technology in a big way, helped by China

Chinese enterprise funds Middle East renewables, Independent Australia Anthony M Horton 18 June 2015, New reports confirm that the future of the Middle East is in renewables, which is already cheaper and more reliable than oil. The region is predicted to become a global green economic hub, reports Anthony M Horton.

FOLLOWING A grant worth US$310 million from Hanergy, a Chinese energy enterprise that produces thin-film solar technology, Jordan will expand its power grid and increase its renewable energy production by 1 Gigawatt. As a result of Hanergy’s assistance, Jordan will achieve its goal of increasing renewable energy capacity to 40 per cent (1.8 Gigawatts) by 2020.

Jordan began removing fossil fuel subsidies and created the country’s Renewable Energy and Efficiency Fund a decade ago. This signalled the move to cleaner energy, and other Middle Eastern countries are also looking seriously at them. A report published by The Climate Group earlier this year (reported on 23 April) discussed the potential of the region to become a global green economy hub.

Their analysis, which was supported by the International Renewable Energy Agency, gave an overview of the current and future renewables landscape and explored the role that the United Arab Emirates (UAE) would play in reshaping the world’s energy future, given the lessons it was learning from flagship projects in Abu Dhabi and Dubai in terms of the best opportunities and ways to upscale renewables.

The report also highlighted the increasing adoption of solar energy technologies as evidence of the growing appetite of the private sector……….https://independentaustralia.net/environment/environment-display/chinese-enterprise-funds-middle-east-renewables,7839

June 21, 2015 - Posted by Christina Macpherson | China, Jordan, renewable