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April 10, 2018

GE and Mass Energy to develop 100MW windfarm project in Jordan

GE Renewable Energy and Mass Energy Group Holding are to construct their windfarm project in Jordan.

GE Renewable Energy and Mass Energy Group Holding are to construct their windfarm project in Jordan.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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For the new 100MW Mass Wind project, GE Renewable Energy will be supplying its latest generation of 3.6-137 turbines to Mass Energy.

The energy generated from the project will be sufficient to power 150,000 homes and reduce carbon emissions by nearly 233,800mt annually.

GE Middle East, North Africa and Turkey onshore wind business general manager Dr Manar Al Moneef said: “The greenfield wind project in Rashadeh is aligned with Jordan’s Vision 2025 to strengthen the renewable energy sector and boost domestic energy production, and adds significant value to the economy and the local community.

“We are bringing highly flexible and efficient operations to the new windfarm that will serve Jordan’s people.”

“Through our cooperation with Mass Global for its first project in Jordan, we are proud to provide our advanced wind technology that is ideally suited for Jordan and the region’s needs.”

It is said to be the first windfarm project for both GE and Mass Global in Jordan and is expected to commence its operations by the end of next year.

GE Renewable Energy and Elecnor signed a contract for the engineering, procurement and construction (EPC) contractor of the project.

Mass Jordan renewable energy commercial department director-general Shadi Abu Al-Khair said: “To develop this project is a milestone in our international expansion and our commitment to showcase our competencies in the energy and renewable energy sectors across the region.

“GE’s wind technology is leveraged globally, and by working with GE, we are bringing highly flexible and efficient operations to the new windfarm that will serve Jordan’s people.”

The Mass Wind project also supports Kingdom of Jordan’s commitment to meeting its renewable energy targets, outlined in its Vision 2025, which aims to enhance the share of renewable energy in the total energy mix to 11% and drive domestic energy production to 39%.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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