Jordan's New Electricity Law Paves the Way for Green Hydrogen Innovation
Key Ideas
- Jordan approves new permanent electricity law incentivizing green hydrogen and power storage projects.
- The law allows for the establishment of power storage stations and the development of green hydrogen projects under a public-private partnership model.
- Investors will have the opportunity to build, own, and operate power distribution and storage facilities independently, fostering innovation in the energy sector.
Jordan has recently passed a significant permanent electricity law that introduces incentives for investments in power storage and green hydrogen projects through public-private partnerships. The Energy and Mineral Resources Minister, Saleh Al-Kharabsheh, highlighted that the law, set to be enforced soon after cabinet approval, enables electricity distributors to construct power storage stations for the first time. This legislative update also permits all investors to establish and manage power distribution and storage facilities, paving the way for a more autonomous power distribution system in the country.
A key aspect of the new law is its focus on promoting investment in green hydrogen projects. It empowers investors to create their own power generation and distribution systems that are not necessarily dependent on the public electricity network. This shift towards green hydrogen innovation aligns with global efforts to transition towards sustainable and renewable energy sources.
By encouraging the development of green hydrogen and storage projects, Jordan aims to enhance its energy infrastructure and contribute to a more environmentally friendly energy sector. This legislative development signifies a positive step towards embracing renewable energy technologies and fostering collaboration between the public and private sectors in advancing the country's energy goals.