Set-up to support the government of Jordan’s pledge to build an environmentally sustainable means of energy production in Jordan and creating new revenue streams for generations to come. Baynouna Solar company was born, in 2016, with and investment exceeding US$230 Million, from the fruitful and mutual collaboration between our partners: Abu Dhabi Future Energy Company (Masdar), one of the leading renewable energy companies in the world and owning 70%, and Taaleri Energia, the largest Finnish dedicated wind and solar investment fund in Europe and owning 30% and the buyer through a power purchase agreement (PPA) extending for 20 years is the National Electric Power Company (NEPCO), Jordan’s state electricity provider. Thus, Baynouna project is a prime example of a successful international investment in Jordan’s growing renewable energy sector, being a bi-lateral initiative between Jordan and the UAE for a cleaner and greener present and a more sustainable future.
Board of Directors
Solar energy is a viable solution to a global problem and to an ongoing national concern; namely the global energy crisis. The problem lies, purely, in the fact that world population is rising at a rate of 1.1% amounting to 83 million per year while non-renewable natural resources are being depleted at the rate of 45% per year, resulting in the inability of countries to meet and sustain present, as well as future energy needs. Multiple sources of energy are available but the cheapest, most abundant, always existent and easiest to turn into energy is solar power, which is starting to play a pivotal role in enabling countries meet their future energy needs. To conclude, the stakes are higher than ever, renewable energy is now a vital element in solving our earth’s energy crisis.
Taking care of our employees is never taken slightly. We have enforced a Grievance policy to receive, investigate, address and resolve all work-related issues.
Baynouna is a major contributor in the crystallization of Jordan’s vision for renewable energy by 2030.
The plant provides an unprecedented 563.3 GWh (Giga Watt hours) of electricity per year, equivalent to 4% of Jordan’s annual energy consumption.
Contributes to the Kingdom’s sustainability goals, Baynouna will, on an annual basis, supply clean renewable energy for 160,000 homes, replace 1.4 billion liters of imported crude oil, and displace an estimated 360,000 tons of CO2.
Working hand-in-hand to bring Jordan closer to its pledge of producing 15% of its domestic electricity needs from renewable energy by 2020.
Baynouna capitalized on its wide network to deploy capital through investors such as Taaleri Energia and lenders such as the IFC, JICA, OFID and DEG.
Baynouna Solar Energy Company is the largest renewable, enduring and durable Energy project in Jordan providing clean energy for Jordan’s citizens and families, present and future.
The Project has been developed by Masdar from inception, Masdar brings an extensive experience in developing, building and operating renewable power plants in the region.
Baynouna Solar Energy company, the largest solar power energy project in Jordan, is a 740,000 photovoltic solar-panel farm covering an area of 600 hectares.