{"id":76212,"date":"2023-02-27T02:00:24","date_gmt":"2023-02-27T02:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/masdar-taaleri-inaugurate-jordans-largest-solar-project\/"},"modified":"2023-02-27T02:00:24","modified_gmt":"2023-02-27T02:00:24","slug":"masdar-taaleri-inaugurate-jordans-largest-solar-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/masdar-taaleri-inaugurate-jordans-largest-solar-project\/","title":{"rendered":"Masdar + Taaleri inaugurate Jordan\u2019s largest solar project"},"content":{"rendered":"

<\/a> Masdar + Taaleri Energia inaugurate solar park in Jordan:<\/strong> UAE renewables firm Masdar and Finland-based investment management company Taaleri Energia<\/a> have inaugurated the 200-MW Baynouna Solar Park<\/a> in Jordan, according to a statement<\/a> out Saturday. The project was developed via a power purchase agreement between Masdar and Jordan\u2019s state electricity provider, the National Electric Power Company, and has been in commercial operation since 2020.<\/p>\n

The details: <\/strong>The USD 260 mn project generates 560 GWh of electricity a year and offsets 360k tons of CO2 emissions, making it the largest clean energy project in Jordan. The project is expected to produce enough energy to power nearly 160k homes.<\/p>\n

Who\u2019s footing the bill? <\/strong>Financial institutions including the International Finance Corporation, the OPEC Fund for International Development, the KfW Group\u2019s DEG, and the Japan International Cooperation Agency supported the project.<\/p>\n

Background:<\/strong> Established in 2016, the Baynouna Solar Energy Company is a joint venture project established in 2016 between Masdar \u2014 who own a 70% stake \u2014 and Finland\u2019s Taaleri Energia who own the remaining 30%. The two companies invested USD 230 mn into the company, according to Baynouna\u2019s website<\/a>.<\/p>\n

Masdar already has assets in the country and more in the pipeline:<\/strong> The renewables giant inaugurated the USD 287 mn, 117-MW Tafila wind farm<\/a> in the country\u2019s governorate of Tafila in late 2015. The wind farm upped the country\u2019s power production capacity by 3% when it became operational in September of that year. Masdar also inked an agreement with the Jordanian energy ministry to develop an additional 2 GW of renewable energy projects in the country, according to the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Masdar + Taaleri Energia inaugurate solar park in Jordan: UAE renewables firm Masdar and Finland-based investment management company Taaleri Energia have inaugurated the 200-MW Baynouna Solar Park in Jordan, according to a statement out Saturday. The project was developed via a power purchase agreement between Masdar and Jordan\u2019s state electricity provider, the National Electric Power […]<\/p>\n","protected":false},"author":1,"featured_media":76213,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[249,11,93,160,88,94,1486,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-energy","tag-enterpriseclimate","tag-jordan","tag-masdar","tag-renewables","tag-solar","tag-taaleri-energia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"f90862c5-76e7-45ab-8b9e-1ddb07e2ee75","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/636.jpg","photo_position":"above","related_issue":[76205],"teaser":"","voice_url":""},"yoast_head":"\nMasdar + Taaleri inaugurate Jordan\u2019s largest solar project - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/masdar-taaleri-inaugurate-jordans-largest-solar-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar + Taaleri inaugurate Jordan\u2019s largest solar project\" \/>\n<meta property=\"og:description\" content=\"Masdar + Taaleri Energia inaugurate solar park in Jordan: UAE renewables firm Masdar and Finland-based investment management company Taaleri Energia have inaugurated the 200-MW Baynouna Solar Park in Jordan, according to a statement out Saturday. 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