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International Finance Corporation, Washington, DC
Middle East and North Africa | Jordan
2018-09-05T19:01:56Z | 2018-09-05T19:01:56Z | 2016-09

In the face of high and volatile fossil fuel prices the government of Jordan launched an aggressive national strategy to increase production of privately financed, commercial scale renewable energy. This pivot was initially met with skepticism from developers and financiers. Yet by aggregating seven small, individual solar power projects into a single, standardized financing structure, the Seven Sisters, the country was able spread costs, shorten timelines, and ultimately attract the necessary financing and developers to make the effort a reality.


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