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Author Archives: enterpriseam admin
Posted inDEBT WATCH
Mubadala issues a 9.1x oversubscribed USD 750 mn debut green bond issuance
Mubadala pulls the trigger on first green bond issuance: UAE sovereign fund Mubadala has issued a USD 750 mn green bond with an order book surpassing USD 6 bn leading to a whopping 9.1x subscription rate, Wam reported on Friday. Mubadala offered the bonds with a tenor of 10.5 years at a 6.03% yield and […]
Posted inRENEWABLES
Acwa Power signs USD 746 mn worth of agreements at Davos in the Desert
KSA renewables giant Acwa Power has signed agreements worth USD 746 mn at the Future Investment Initiative — also known as Davos in the Desert, according to a statement released on Thursday. The agreements will help the company’s expansion into Central Asia and help finance GCC projects. A big financing injection from EIG: Acwa Power […]
Posted inUncategorized
Posted inRENEWABLES
Masdar launches 230 MW solar project in Azerbaijan and agrees to develop a further 1 GW worth of clean clean energy projects
Masdar launches Azerbaijani solar project and lines up more: Masdar launched the operations of its Garadagh Solar Park in Azerbaijan — the largest in the region and the first independent solar project to receive foreign investment — and inked agreements for 1 GW of solar and onshore wind projects in the country, according to a […]
Posted inCARBON MARKETS
AirCarbon launches its carbon credits clearing house on the Abu Dhabi Global Market
AirCarbon launches its carbon market on ADGM: Singapore’s AirCarbon Exchange (ACX) has launched its carbon market on the Abu Dhabi Global Market (ADGM), according to a statement released last week. The inaugural carbon credits trade on the fully regulated exchange was undertaken by the UAE’s First Abu Dhabi Bank and EU-backed Helix Climate. We knew […]
Posted inGREEN CONSTRUCTION
Emerging markets need USD 1.5 tn for green construction
Green construction in emerging markets needs USD 1.5 tn: Decarbonizing the constructionsector in emerging markets needs USD 1.5 tn in investments, according to an International Finance Corporation (IFC) report released last week. Construction contributes around 40% of global CO2 emissions with an expected increase of another 13% by 2035, two-thirds of which come from emerging […]
Posted inCLIMATE DIPLOMACY
Egypt expands cooperation with China and Germany on green hydrogen and renewables
Egypt and China explore work on energy storage: Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker signed an MoU with state-owned China Energy Engineering Corporation — also known as Energy China — to undertake a feasibility study on the establishment of a 2 GW pumping and energy storage facility in Egypt, according to a statement […]
Posted inMOVES
Neom Green Hydrogen Company taps Wesam Y. Alghamdi as new CEO
KSA’s Neom Green Hydrogen Company has a new CEO: Neom Green Hydrogen Company (NGHC) — the joint venture managing the USD 8.4 bn Neom hydrogen plant — has named Wesam Y. Alghamdi (LinkedIn) as its new CEO, according to a statement. Alghamdi succeeds David Edmondson, who oversaw the financial close on the utility-scale project back […]
Posted inALSO ON OUR RADAR
ABB signs agreement to roll out EV infrastructure in Bahrain + Egypt signs several green hydrogen agreements
ELECTRIC VEHICLES- ABB EV charging stations coming to Bahrain soon: Bahraini power provider Kanoo PowerSolutions (KPS) — subsidiary of automotive giant Ebrahim K. Kanoo — is partnering with Swiss electrical equipment manufacturer ABB to expand Bahrain’s EV charging infrastructure and accelerate EV adoption in the kingdom, according to a statement. No financial details, a timeline, […]