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Jordan is advancing a new electricity law (pdf) that is expected to attract significant investments in renewable energy, including hydrogen, Almamlaka reports, citing Fitch Solutions. The law aims to unlock greater independence in electricity generation, storage, and transmission to boost the kingdom’s energy supply in the long term. By 2033, it is anticipated that Jordan will generate 31.2% of its electricity from renewable sources.
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The details: The new legislation will enable companies to establish and manage their own energy storage facilities, with details on storage capacity requirements and licensing to be announced later. The law will also grant the ِEnergy and Minerals Regulatory Commission (EMRC) the authority to regulate the electricity sector and issue related licenses and permits in a bid to mitigate external shocks by increasing local renewable energy production, reducing the need for energy imports, and preventing future energy price hikes.
Household electricity generation gets a nod: The law also exempts those who install energy generators of one MW or less from the EMRC licensing requirement, effectively encouraging decentralization and in line with the country’s direction in supporting independent self-generation and transmission of electricity.
ICYMI- Jordan made a big push into its renewables’ household sector program: The Jordan Renewable Energy and Energy Efficiency Fund (JREEEF) signed 20 agreements to partner with charitable and cooperative associations in installing 4k solar energy systems and 5k solar heaters around the country by the end of the year, according to a statement. The non-governmental partners would serve as financing windows for the 2024/2025 household sector program, which is supported by a 30% subsidy from the ministry.
