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One step closer for the Zafarana wind farm acquisition: Danish shipping giant Maersk has reached a preliminary agreement with Egypt on the acquisition of a 51% stake in the 545 MW Zafarana wind farm, a government source told Enterprise Climate. What we know: The Danish firm will be acquiring the operating phases of the farm, […]
Author Archives: enterpriseam admin
Posted inCLIMATE FINANCE
Morocco’s central bank buys EUR 200 mn worth of sustainable bonds from the World Bank
Morocco’s central bank buys World Bank bonds: Bank Al Maghrib — the Central Bank of Morocco — has purchased EUR 200 mn worth of sustainable development bonds from the World Bank to bolster the Washington-based lender’s climate financing efforts, according to a statement (pdf). The EUR 100 mn three-year and EUR 100 mn five-year sustainable […]
Posted inUncategorized
Posted inCAPITAL MARKETS
Masdar completes secondary listing of inaugural green bond on ADX
ADX welcomes Masdar’s secondary listing of debut green bond: UAE state-owned renewable energy giant Masdar has marked the secondary listing of its debut USD 750 mn green bond in the Abu Dhabi Securities Exchange (ADX), according to a press release (pdf). The 10-year bond — which carries a 4.875% coupon rate with a maturity date […]
Posted inMACRO PICTURE
Mineral prices are highly vulnerable to geopolitical fragmentations, IMF’s World Economic Outlook finds
A nightmarish scenario for critical mineral supply: Geopolitical fragmentation between the world’s major superpowers could substantially increase the prices of critical minerals, resulting in a decreased global investment — by as much as 30% — in renewables and EVs by 2030, the third chapter (pdf) of the International Monetary Fund’s (IMF) October 2023 World Economic […]
Posted inCLIMATE DIPLOMACY
Oman and Hungary agree to collaborate on low carbon and clean hydrogen
Oman, Hungary signs pact on renewable hydrogen: Oman’s Foreign Minister Sayyid Badr Albusaidi and Hungarian Foreign Minister Peter Szijjarto signed an MoU to cooperate in the fields of low-carbon and clean hydrogen, Oman News Agency reports. No further details were disclosed, but both ministers discussed bolstering cooperation between the two countries in renewable energy and […]
Posted inALSO ON OUR RADAR
Iran breaks ground on the second phase of the Bushehr nuclear power plant
CLEAN ENERGY- Iran’s Atomic Energy Organization (AEOI) kicked off construction on the second reactor of its EUR 1.8 bn Bushehr nuclear power plant on Sunday, the Iran News Agencyreports. Built by Russia’s state-owned nuclear company Rosatom, the initial 1 GW phase of the project has delivered some 60 bn KWh of electricity since coming online […]
Posted inAROUND THE WORLD
India is tapping into its Bamboo reserve to boost biofuel production
India to begin bamboo-based biofuel production next year: India's Numaligarh Refinery Ltd (NRL) — a subsidiary of state-owned oil company Oil India — will kick off operations on the country’s first bamboo-based ethanol generation refinery next March, Bloomberg quotes the company’s Managing Director Bhaskar Phukan as saying. The biofuels plant is part of government plans […]
Posted inCLIMATE IN THE NEWS
Climate change will impact the quantity and quality of hops, leaving a pocket pinch on beer drinkers
Beer fans, whomp whomp: A warming planet is already altering the taste and quality of beer unless farmers adapt to rising temperatures and protect their yields, The Guardian reports, citing a study warning of the impacts of climate change on the world’s third-most popular drink. The study argues climate change is affecting the quantity and […]
Posted inON YOUR WAY OUT
South Africa will debut the first world’s virtual wheeling program for great renewable energy accessibility
South Africa is introducing virtual wheeling next year: South Africa's virtual renewable electricity transmission model is scheduled to start operations by the end of 2024, Reuters reports, citing Eskom’s distribution network analyst Onicah Rantwanea. The virtual wheeling method allows consumers to buy renewable power from any producer across the country via a platform expected to […]