SOLAR-

Positive Zero + Tamimi Energy partner on solar energy: Subsidiaries of KSA’s TamimiEnergy and Dubai-based decarbonization firm Positive Zero have signed a partnership agreement to develop solar projects across Saudi Arabia, according to a statement. Subsidiaries Sirajpower and Enerco will work together to finance, develop and source talent and tech for commercial and industrial solar power solutions across the Kingdom

REMEMBER- Positive Zero just received a lot of funds to put towards decarbonization projects: US-based investment giant BlackRock invested USD 400 mn in Positive Zero through a diversified infrastructure fund. The investment allows Positive Zero to grow its sustainable energy adoption and offer fully financed sustainable energy solutions across the GCC which it has already begun doing in the UAE and Oman.

GREEN FINANCE-

EU and French Development Agency back Egypt water treatment plant: The European Union and the French Development Agency will provide a total of EUR 61.5 mn in financing for the third phase of Egypt’s Gabal El Asfar water treatment plant, according to a statement. The project will be one of the largest water treatment plants in Egypt and will serve 17.5 mn people by 2040 through wastewater collection and treatment services. The third phase is scheduled to contribute to increasing the plant’s capacity by 1 mn cbm, the statement read.

ENERGY STORAGE-

Eastman + SGS partner on energy storage: Indian firm Eastman is partnering with Saudi Arabia’s SGS to provide energy storage solutions in the kingdom, Saudi Auto reports. Eastman and SGS aim to introduce renewable energy solutions including advanced solar batteries, inverters, panels, lithium batteries, and charge controllers. SGS will be offering five types of Eastman’s solar energy system batteries, according to a statement.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Tunisia launches second phase of ADAPT program: Tunisia’s EU-funded Support of Sustainable Development in the Agriculture and Artisanal Fisheries sector (ADAPT) program has entered its second phase with a budget of EUR 6 mn. The initiative aims to bolster sustainable private investment in the agricultural and fishing sectors. Applications for projects are open until 18 March. (TAP)
Tags: