|Policy status:||In Force|
|Policy Type:||Regulatory Instruments>Codes and standards, Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Policy Support, Policy Support>Strategic planning, Regulatory Instruments>Auditing|
|Policy Target:||Multi-Sectoral Policy|
|Agency:||Ministry of Energy and Mineral Resources|
In the context of rising energy demand, expected to increase by 5.5% yearly within the decade, Jordan implemented a National Energy Strategy for 2005-2020, that since 2007 contains several renewable energy generation targets.
The share of renewable energy in Jordan total energy mix shall reach 7% by 2015 and 10% by 2020. Such a share would be met with about 600 to 1000 MW of wind energy, 300 to 600 MW of solar thermal energy, 30 to 50 MW of energy from waste.
The Plan provides investors with fiscal incentives, 100% exemption from income tax over 10 years, to encourage independent power producing projects to generate electricity on BOO and BOT basis. The plan contains several measures to boost renewable energy deployment, such as:
In parallel the strategy seeks to reduce the share of oil generated energy from 58% to 40%. The strategy suggests a package of legislative, administrative and financial tools to meet these targets and requires an investment package estimated at between USD 1.4 to 2.2 billion.
|Related policies:||Bylaw on Regulating Procedures and Means of Conserving Energy and Improving Its Efficiency|
Last modified: Mon, 12 May 2014 16:19:15 CEST