Investment Type:
Rooftop Solar Photovoltaic (PV) System
Since 2010, Al Behar Global for Chemicals Manufacturing and Trading CO. has supplied raw materials to sectors including food processing and mining. For an industrial manufacturer, high monthly electricity bills represent a major operating expense that directly impacts competitiveness.
To manage these costs, the company invested in a rooftop solar photovoltaic (PV) system. Through the Green Economy Financing Facility (GEFF) in partnership with Bank al Etihad, Al Behar Global secured US$ 131,170 in financing. The project was supported by a 10% cashback incentive of US$ 13,117. This incentive helped the company manage the initial cost of the transition and strengthened its financial position.
Al Behar’s move to solar shows how industrial companies in Jordan can use green financing to solve the practical problem of high energy costs. By cutting these bills, the company is ensuring its long-term growth and competitiveness.
The Green Economy Financing Facility (GEFF) in Jordan is developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the European Union (EU) and the Green Climate Fund (GCF).
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