The Renewable Energy & green financing Program

This program is dedicated to offer suitable financing for Green projects & renewable energy sector through the Jordanian Central Bank directly at financing rates covers 100% of total financing.

Beneficiaries

Firms and companies working in all economic sectors except for trade & real estate sectors / individuals & company.

Targeted Projects

• Waste Recycling Projects
• Water Recycling Projects
• Water Saving Projects
• Pollution Prevention & Control
• Green & Sustainable Transport
• Green Technology
• Green Tourism
• Protection & Restoration of Biodiversity
• Green buildings*

Interest Rate

• Financing the projects inside Amman: 1.00% + margin defined by the bank, at minimum of 3.75%
• Financing the projects outside Amman: 0.50% + margin defined by the bank, at minimum of 3.25%

Financing Ceiling

Financing ceiling is up to 4.00 M. JODs.

Guarantees

Promissory Note payable endorsed to the favor of CBJ which the loan requested represents 85% of the promissory note, in addition to any other extra guarantees from the customer on the light of assessing the client's credit worthiness. 
 
Loan Term

Repayment period is up to 10 years at maximum in terms of target industries within the program, including the grace period up to 2 years. Loans can be repaid on monthly, quarterly, semiannual payments or one lot.

Financing Objectives

Objectives within renewable energy sector by financing renewable energy systems, in addition to financing green and environmentally friendly projects that aim to reduce carbon emissions or that are concerned with environmental sustainability, or any projects that achieve the concept of green and environmentally friendly projects or any other objectives which are acceptable to the Central Bank, except for the commercial and real estate sectors.

Green Buildings*

 To apply for financing green building projects, one of the following certificates must be provided:

• The verification mechanism approved by the Jordan National Building Council and the Jordan Green Building Guide Reference System.
• BREEAM (Building Research Establishment Environmental Assessment Method) certification.
• LEED (Leadership in Energy and Environmental Design) certification.
• EDGE (Excellence in Design for Greater Efficiencies) certification.
• GBEL (Green Building Evaluation Label) certification (China Three Star)