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Good morning, wonderful people. We have significant news this morning emerging from Oman on the green hydrogen fund as the sultanate wraps the Duqm Economic Forum today, and other odds and ends from around the region. THE BIG CLIMATE STORY- Oman’s Public Authority for Special Economic Zones and FreeZones signed seven MoUs for green energy […]
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Posted inUncategorized
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Posted inGREEN HYDROGEN
Oman inks a spate of agreements to allocate land for green energy and green steel projects
Oman’s Public Authority for Special Economic Zones and FreeZones (Opaz) has signed seven MoUs to support various green energy projects in Duqm, the Oman News Agency (ONA) reports. The agreements include renewable energy supply for green hydrogen and ammonia production, land allocation for green hydrogen and ammonia projects, and green steel production. No financial details […]
Posted inDEBT WATCH
Egypt closes maiden panda bond issuance with funds earmarked for green transport and renewables
Egypt closed its maiden panda bond issuance in China yesterday with a CNY 3.5 bn (USD 478.7 mn) issuance, according to a statement. The proceeds will be used to fund sustainable projects across a number of sectors including clean transport, sustainable water usage, renewable energy, and affordable housing, Vice Minister of Finance Ahmed Kouchouk told […]
Posted inDISTRICT COOLING
UAE’s Empower awards contracts for Dubai’s Jumeirah district cooling project
Empower awards contracts for new district cooling project: UAE’s district cooling company Emirates Central Cooling Corporation (Empower) has awarded several contracts for the development of a new district cooling plant in Dubai’s Jumeirah, according to a company disclosure to the Dubai Financial Market. No financial details on the project or the new contracted developers were […]
Posted inUncategorized
Posted inDEBT WATCH
The EBRD is mulling over a EUR 165 mn green loan to revamp Egypt’s energy grid
The European Bank for Reconstruction and Development (EBRD) is reviewing plans to extend a EUR 165 mn green loan to help enhance Egypt’s electricity distribution grid, according to a project summary document released earlier this week. The funds — on-lent to the state-owned Egyptian Electricity Transmission Company (EETC) — will help prepare the grid for […]
Posted inFROM THE CLIMATE STORE
Tunisian-German solar-powered EV startup is expanding its production line soon
Tunisian-German EV startup gears up to launch second model: Tunisian-German start-up Bako Motors is preparing to unveil their second solar-powered electric vehicle that caters to the last-mile delivery sector, the firm told tech outlet Ventureburn. Unlike the first model — the Bako B1 electric tricycle — the new four-wheeled vehicle will also come with a […]
Posted inALSO ON OUR RADAR
Red Sea Global completes largest off-grid EV charging network in KSA
ELECTRIC VEHICLES- Red Sea Global (RSG) has completed the installation of the largest off-grid EV charging network in Saudi Arabia, according to a statement. The network includes over 150 charging stations in the company's The Red Sea tourist destination. Establishing the network is a part of RSG's plan to become carbon neutral and be the […]
Posted inAROUND THE WORLD
Denmark’s CIP raises EUR 2 bn from two new green energy transition funds
Denmark’s CIP raises EUR 2 bn from two new green energy transition funds: Danish investment firm Copenhagen Infrastructure Partners (CIP) has reached financial close on its newly launched Advanced Bioenergy Fund and CI Green Credit Fund netting some EUR 2 bn in financial commitments, according to a statement. The funds will be funneled to mobilize […]