Masdar has signed a memorandum of understanding (MoU) with Jordan’s Ministry of Energy and Mineral Resources to explore collaboration in renewables projects with a total capacity of up to 2GW.
As per the MoU, the two sides will explore the development and investment in renewable energy projects in the Hashemite Kingdom of Jordan with a production capacity of up to 2GW.
The memorandum also includes exchange of expertise and knowledge in the areas of renewable energy and infrastructure development, including electricity transformation, distribution, and exportation.
The MoU was signed by Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Chairman of Masdar, and Saleh Al-Kharabsheh, the Jordanian Minister of Energy and Mineral Resources, during COP27.
Al Jaber said: “This new MoU to explore the development of 2GW capacity is a testament to the close brotherly relationship between the UAE and Hashemite Kingdom of Jordan as well as our shared commitment to sustainability and decarbonisation.
“The projects being explored through this memorandum would support Jordan’s ambitious renewable energy goals and help to ensure energy security for the nation.
“As we look toward hosting COP28 in the UAE next year, Masdar is dedicated to supporting our neighbouring countries in the Middle East in their energy transitions.”