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An agreement to finance household solar systems

An agreement to finance household solar systems

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The Jordan Renewable Energy and Energy Efficiency Fund on Sunday inked an agreement with the Housing Bank for Trade and Finance to fund the procurement and installation of household solar power and heating systems.

Minister of Energy and Mineral Resources Hala Zawati said the deal will offer a wide range of options for households seeking to install photovoltaic and solar heating systems across the Kingdom and will help support solar energy solutions providers.

Speaking following the signing ceremony with the Housing Bank for Trade and Finance CEO Ammar Safadi, the minister, who is also the chair of the Jordan Renewable Energy and Energy Efficiency Fund, added that the agreement is consistent with the 2020-2030 national energy strategy as well as the energy efficiency plan, which aim at ensuring an optimal use of resources and reducing carbon emissions.

In turn, Safadi noted that the bank will extend soft loans, 30 percent of the value of each will be supported by the Jordan Renewable Energy and Energy Efficiency Fund, saying that eligible beneficiaries can visit the bank’s branches for more information and details about the program.

Source : ammonnews
Anand Gupta Editor - EQ Int'l Media Network