Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Jordan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jan 27, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Kawar Energy

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Finance

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 12.10 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 12.10 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 22, 2026

Disclosed by Bank Jun 1, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of the provision of a corporate loan of up to USD 12.1 million (EUR 10.3 million equivalent) to Kawar Energy to support the optimisation of the Company's balance sheet and enhance its cash flow flexibility, enabling the implementation of its upcoming pipeline of renewable energy projects in Jordan. The Loan will be secured by an on demand and irrevocable guarantee from Kawar Investment Company, the sole owner of the Borrower.

As Jordan now plans on expanding renewable energy capacity to meet its ambitious target of 50% by year 2033, strong participation from experienced local developers with proven delivery capacity is important. The Project will advance Jordan's green transition by supporting a leading local market player, enhancing the sector's competitiveness by maintaining local participation in the Jordanian renewable energy sector.

The Project will also enhance access to market-relevant skills and employment opportunities for young labour market entrants. This will be enabled by strengthening the Company's capacity to support the schoolitoiwork transition of prospective energy specialists in Jordan. To this end, the Company will develop a new threeimonth, companyicertified apprenticeship programme tailored to young professionals entering the renewable energy sector.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (ESP 2024). Key E&S risks routinely assessed by the Company include occupational H&S risks including electrical hazards, working at height, lifting and hoisting operations, excavation and trenching as well as heat stress and environmental exposure, contractor risks and management, stakeholder consultations and grievance management.

The Company confirmed none of their portfolio assets are near sensitive areas, but through the ESAP, the Bank will require appropriate assessment of any new sites to limit impacts on biodiversity sensitive areas in line with ESR 6 requirements.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

A corporate loan of up to USD 12.1 million (EUR 10.3 million equivalent) to Kawar Energy to enhance the Company's liquidity position to fund its upcoming renewable energy pipeline.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Kawar Energy, a new client to the Bank, is a renewable energy company in Jordan, specialising in the development, financing, engineering, procurement, construction and operation of solar PV and EV charging infrastructure, with current installed capacity amounting to over 220 MWP across Jordan.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Kawar Energy	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html