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Australia announces AUD 2 bn expansion in mining: Australia’s Prime Minister Anthony Albanese said his country will channel an additional AUD 2 bn (USD 1.3 bn) toward investments for its mining sector in a bid to secure rare earths needed for its transition to green energy and sustainable mobility, according to a statement. The new […]
Author Archives: enterpriseam admin
Posted inCLIMATE IN THE NEWS
The manufacturing industry stands to save USD bns with simple energy efficiency measures
The manufacturing industry can save USD bns through energy efficiency: Global industry players across various manufacturing sectors can offset an estimated four mn metric tons of greenhouse gas emissions annually — almost a third of current global CO2 output — and save as much as USD 437 bn yearly by 2030 if they implement 10 […]
Posted inCALENDAR
OCTOBER 2023 24-26 October (Tuesday-Saturday): Future Investment Initiative, Riyadh, KSA. 25-26 October (Friday-Saturday): Offshore & Floating Wind Europe 2023, London, United Kingdom. 25-27 October (Wednesday - Friday): International Fair of Energy Transition, Tunis, Tunisia. 29 October-2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt 29 -31 October (Sunday-Tuesday): Egypt Energy Conference, Egypt International Exhibition Centre, Cairo, […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Oil demand will peak this decade as renewables take over, IEA says + Masdar could snap up a big stake in Iberdrola’s biggest offshore wind project
Good morning, friends. It’s another compact, albeit interesting and varied issue this morning, with more big news coming out of Abu Dhabi and KSA. THE BIG CLIMATE STORY- Abu Dhabi’s renewables giant Masdar is planning to purchase a 49% stake in Spanish utility company Iberdrola’s largest offshore wind project off Britain’s eastern coast for EUR […]
Posted inUncategorized
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Posted inM&A WATCH
Is Masdar eyeing a big stake in a British offshore wind farm?
Mubadala-backed Masdar eyes a 49% stake in UK offshore wind farm: Abu Dhabi’s renewables giant Masdar is planning to purchase a 49% stake in Spanish utility company Iberdrola’s largest offshore wind project off Britain’s eastern coast for EUR 2 bn (USD 2.1 bn), Reuters reports, citing market sources who spoke to Spanish newspaper Cinco Dias. […]
Posted inUncategorized
Posted inGREEN FINANCE
Four GCC banks extend USD 3 bn green loan to KSA’s SEC to support national grid expansions
Saudi Electricity Company inks USD 3 bn financing agreement with GCC banks to expand local grid: Four GCC banks have signed an agreement to extend USD 3 bn to the Saudi Electricity Company (SEC) through an unsecured loan to finance KSA’s 2030 electricity grid expansion plans, the Saudi Press Agency (SPA) reported yesterday. Earlier this […]
Posted inRENEWABLES
Infinity Power eyes 10 GW renewables portfolio by 2030
Egypt’s Infinity Power sets 10 GW renewables target: Egypt-based renewable energy developer Infinity Power — a joint venture between our friends at Infinity and UAE renewables player Masdar — has set out a target to grow its clean energy portfolio to reach 10 GW by 2030, equating to some USD 5 bn in expected investment […]
Posted inGREEN FUELS
KSA’s Aramco and Enowa partner up on e-fuels
KSA’s Aramco and Enowa partner up on e-fuels: Saudi oil giant Aramco and Enowa — Neom’s energy and water utility subsidiary — have signed a joint development agreement (JDO) to establish an e-fuel demonstration plant in KSA’s Neom, according to a company statement. The e-fuels demonstration plant aims to make a case for the technical […]