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EBRD commits $12.1 million to to Kawar Energy to advance Jordan’s green transition
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to $12.1 million (€10.4 million) to Kawar Energy, supporting the expansion of renewable energy projects in Jordan and reinforcing the country’s transition toward a greener economy.
The financing will help Kawar Energy optimize its balance sheet and enhance financial flexibility, enabling the company to accelerate the development of its renewable energy pipeline across Jordan.
Supporting renewable energy growth:
Jordan has significantly expanded its renewable energy capacity in recent years, with clean energy accounting for a growing share of the country’s electricity mix.
According to the EBRD, the investment will contribute to Jordan’s green transition by supporting a leading local renewable energy developer, strengthening private-sector participation, and promoting competition within the renewable energy market.
Financing Paired With Skills Development
The financing package will be complemented by an EBRD-funded technical cooperation program aimed at strengthening skills development and promoting inclusive employment opportunities.
The initiative will introduce a company-certified apprenticeship scheme targeting young professionals and deepen collaboration between Kawar Energy, local universities, and technical institutions.
ESG and Biodiversity Standards to Be Enhanced
The loan will also support the implementation of a comprehensive environmental, social and governance (ESG) management system at Kawar Energy.
The program includes an ESG assessment, the development of policies and procedures aligned with European Union and national requirements, and a biodiversity action plan designed to ensure compliance with EBRD, EU, and national biodiversity standards for renewable energy projects.
EBRD Highlights Commitment to Sustainable Growth
“We are pleased to support Kawar Energy as it expands its renewable energy footprint in Jordan,” said Aida Sitdikova.
“This investment reflects the EBRD’s commitment to advancing green transition, supporting private-sector development, and promoting sustainable economic growth in Jordan.”
Kawar Energy Eyes Further Expansion
“Jordan has been a pioneer in renewable energy deployment, and Kawar Energy is proud to be at the forefront of that transformation,” said Nabeel Abu Ata.
“This financing strengthens our capacity to invest in new projects, expand our regional footprint and continue delivering innovative energy solutions that support economic growth and sustainability.”
Long-Term Support for Jordan
The EBRD has operated in Jordan since 2012 and has invested more than €2.2 billion across 84 projects in the country.
More than 70% of the Bank’s investments in Jordan have been directed toward the private sector, including support for banks through loans, subordinated debt, and trade finance facilities serving micro, small, and medium-sized enterprises.
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