Ammon News - AMMONNEWS - The financial offers from the six international companies that qualified on the technical basis to implement wind power project tender to generate electricity of 50 megawatts (MW) showed that the lowest price stood at 18.33 fils /kWh.

The companies' prices were characterized by a significant drop, where the lowest was (18.33 fils / / kWh), which is about 47% lower than the current price of selling electricity produced by direct wind power projects (70 fils / kWh), Minister of Energy and Mineral Resources, Hala Zawati, said in a press statement on Thursday.

Commenting on the reasons behind the tenders' success, the minister noted the tenders reflect Jordan's success in attracting investors in the field of renewable energy in general and wind energy in particular as a result of advanced legislation and wise policies in the field of renewable energy.

On the project's future impact, the new wind farm will increase the contribution of wind energy in the total energy mix to 667 MW of total renewable energy, which currently produces 11 percent of the electricity generated in the Kingdom, the minister pointed out.

Renewable energy in Jordan will reach 20 percent by 2020, including the new wind projects.

The minister described the offers for electricity generation as "successful" due to the low prices provided by the qualified companies, adding the lowest price is "record" at regional and global levels for wind farm tenders.