Energy

Jordan is highly dependent on foreign energy sources. This pushed the Government to adopt an ambitious energy strategy that aims to increase the share of local energy resources and reduce dependency on imported oil and gas. The strategy set out a goal that renewable energy contribute to 10% of the total energy mix by 2020. The Renewable Energy and Energy Efficiency Law was passed to help achieve this goal and succeeded in bringing a spur to investment in renewables. We have been heavily involved in the growth of this sector having advised the biggest wind turbine company in the world on the financing and local law aspects of a design, build, operate & maintain contract for the Tafila Wind Farm project. The 117-MW Tafila Wind Farm is the largest wind power project in the Middle East and the first to be developed in Jordan after the enactment of the Renewable Energy & Energy Efficiency Law. Among our other activities in this sector, we advised an international financial institution and other lenders during 2014 and 2015 on the financing of seven separate projects spread from the north to the south of Jordan with a concentration in the Governorate of Ma’an.