The wind farm will be the country's first privately-owned renewable energy facility. It will help boost power supplies in Jordan, where demand for electricity is increasing at about 8 % annually.
The Jordan Wind Project Company a special purpose vehicle owned by sponsors the Euro-Mediterranean fund InfraMed, Masdar of Abu Dhabi and EP Global Energy of Cyprus.
Eksport Kredit Fonden, the European Investment Bank (EIB), FMO, the OPEC Fund for International Development, and Europe Arab Bank also participated in financing the project.
The Tafila wind farm is expected to set an important precedent for further investments in the sector, and help establish Jordan as an important new destination for renewable energy investment in the Middle East.