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Germany signs off on EUR 12 mn hydrogen pilot project in Algeria: Algeria and Germany have signed a contract to jointly develop a EUR 12 mn 50 MW green hydrogen project in Algeria, according to a statement. What we know: The German Development Bank KfW will be extending a portion of the financing for the […]
Author Archives: enterpriseam admin
Posted inCLIMATE DIPLOMACY
The UAE and Singapore team up on green tech and smart cities
UAE, Singapore partner to cooperate on green tech + smart cities: Singapore’s Prime Minister Lee Hsien Loong and UAE President Mohamed Al Nahyan signed an MoU to increase cooperation on developing carbon reduction tech, smart city construction, and environmental protection partnership, Wam reports. The MoU builds on the Singapore-UAE Comprehensive Partnership signed back in 2019. […]
Posted inGREEN TECH
UAE startup Terra debuts MENA’s first swappable battery station for EVs
Dead battery? No problem: UAE startup Terra has launched MENA’s first smart battery swapping solution for EVs following the development of its first fleet of all-electric motorbikes in July, according to a statement. The number of battery swapping units at designated gas and EV charging stations was not revealed, nor were the prices for each […]
Posted inALSO ON OUR RADAR
Oman will carry out a feasibility study on establishing hydrogen fuelling stations in Duqm
Oman explores setting up a hydrogen fueling network in Duqm: Omani state-owned gas network operator OQ has signed an agreement with Oman’s Transport, Communication, and Information Technology Ministry, Asyad Group, Oman Oil Marketing Company, and Air Liquide Group to conduct a joint study on the feasibility of establishing hydrogen fuelling stations in the country’s Duqm […]
Posted inAROUND THE WORLD
Power Capital Renewable Energy is up for sale
Power Capital Renewable Energy is up for sale: Power Capital Renewable Energy (PCRE), a big developer of solar energy and battery storage in the UK, is up for sale by its backer Omnes Capital, Bloomberg reports. The valuation of the company came at EUR 400 mn (USD 424 mn). PCRE has a 3.5 GW portfolio […]
Posted inCLIMATE IN THE NEWS
Startups tackle the problem of pricing secondhand EVs with battery health certification tests
Testing EV battery health is essential for the secondhand market: Startups are racing to test and certify battery health and performance for used EVs to help buyers determine their worth in the secondhand market, Reuters reports. The value of used EV batteries — which constitute 40% of an EV’s price tag — depends mainly on […]
Posted inCALENDAR
OCTOBER 2023 24-26 October (Thursday-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: Loss and damage talks stall + UAE’s F9 Capital forms a blockbuster JV in critical minerals mining
Good morning, friends. It’s shaping up to be a busy week with some significant investment updates emerging from the USE and Egypt and smattering of stories from across the region. THE BIG CLIMATE STORY- Abu Dhabi-based investor F9 Capital Management and South Africa’s Q Global Commodities are partnering to invest USD 1 bn in African […]
Posted inUncategorized
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Posted inINVESTMENT WATCH
UAE’s F9 Capital and South Africa’s QGC form a JV to invest USD 1 bn in critical minerals mining
UAE’s F9 Capital is eyeing Africa’s critical minerals: Abu Dhabi-based investor F9 Capital Management and South Africa’s Q Global Commodities (QGC) are partnering to invest USD 1 bn in African mines producing minerals necessary for the energy transition, Bloomberg reported on Friday. The details: The venture will see F9 and QGC develop mines in eastern […]