Jordan
Solar or wind energy powers approximately 29 percent of the electricity grid and Jordan aims to reach 50 percent of electricity from renewables by 2030 through a focus on
Energy Storage Technologies: Jordan is exploring energy storage solutions, particularly pumped-storage hydropower (PSH), with intention to establish a storage project at Al-Mujib dam before 2030. This may also present opportunities for the U.S. energy sector.
According to a recent study, it was shown that the annual consumption of energy in Jordan is approximately equivalent to 50,000 GW h . Energy consumption in Jordan is divided into three major sectors, namely, industrial, residential and transportation. The energy consumption among these sectors is presented in Fig. 1.
According to the Ministry, electricity demand should grow by an average of 6.5%/year until 2030, to 52 TWh. The country's overall capacity should reach 8 GW in 2030 and 14 GW in 2040 (intermediate scenario). The Jordan energy market report provides expert analysis of the energy market situation in Jordan.
With the rationalisation of consumption in mind, the prices of oil products have been raised in line with import and production costs. In 2012, Jordan lifted fuel subsidies, which implied a major rise in gasoline prices (+14% for lower grade gasoline, +33% for diesel (and kerosene) more than 50% for LPG).
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