UAE and Germany explore hydrogen strategies and carbon markets: The UAE’s Ministry of Energy and Infrastructure and Germany’s Federal Ministry for Economic Affairs and Climate Action recently held an industry workshop focused on hydrogen strategies and carbon markets, Wam reports. The workshop, held in collaboration with the AHK Sustainability Guidehouse, facilitated knowledge exchange and explored […]
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World Bank appoints Stephane Guimbert as new Country Director for Egypt, Yemen, and Djibouti
A fresh World Bank appointment for the region: The World Bank has appointed Stephane Guimbert (LinkedIn) as new Country Director for Egypt, Yemen, and Djibouti, effective 1 August, according to a statement. Prior to his new post, Guimbert served as the bank’s Operations Policy Director in its Operations Policy and Country Services Vice Presidency, where […]
Iran ramps up solar power supply for the national grid
Iran is looking to ramp up solar capacity: Iran said it will buy 1.5 GW of solar power from 10 domestic suppliers in what it described as the largest agreement of its kind in the country, Press TV reported on Tuesday, citing Iran's Renewable Energy and Energy Efficiency Organization (SATBA). SATBA’s head Mahmoud Kamani revealed […]
Seychelles needs to drum up financing to safeguard its seagrass meadows
Seychelles is facing financial constraint in protecting the Indian Ocean’s seagrass population in a bid to safeguard its natural carbon sinks, Bloomberg reports. The country requires an estimate of USD 61.3 mn per year for the next decade in support of its efforts to preserve seagrass meadows and other coastal habitats, but has a shortfall […]
SEPTEMBER 2023 9-20 September (Saturday-Wednesday): 2023 Sustainable Development Goals Summit, New York, USA. 12-15 September (Tuesday-Friday): WTO Public Forum, Geneva, Switzerland. 13-14 September (Wednesday-Thursday): Hydrogen Egypt Summit, Nile Ritz Carlton, Cairo. 18-19 September (Monday-Tuesday): The Enterprise Finance Forum, Cairo, Egypt. 19-21 September (Tuesday-Thursday): World Power-to-X Summit, Marrakesh, Morocco. 28 September (Thursday): International Energy Agency Critical […]
TODAY: UAE’s ENEC will help expand nuclear in Europe + Oman’s 500 MW solar plant begins construction
Good morning, friends. We have a brisk issue for you as the news cycle slowdown continues, but first… FIVE DAYS TO GO until we see some of you at the Enterprise Finance Forum, which takes place 18-19 September (Monday and Tuesday) at the St. Regis Hotel on the Nile Corniche. This flagship forum is the […]
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UAE’s ENEC and Poland’s Orlen Synthos Green Energy explore potential investments in SMRs
The UAE is giving a helping hand to the European nuclear sector: The Emirates Nuclear Energy Corporation (ENEC) has signed an MoU with Orlen Synthos Green Energy (OSGE) — a JV between Polish refiner PKN Orlen and Synthos Green Energy — to look into potential investments in small modular reactors (SMRs), Wam reported on Monday. […]
Project update: EDF Renewables, S.Korea’s Kowepco break ground on Oman’s 500 MW Manah solar plant
A consortium comprising French power utility EDF Renewables and Korea Western Power (Kowepco) have broken ground on Oman’s 500 MW Manah solar plant, according to a statement. The solar plant will cost USD 458 mn, with commercial operations commencing by March 2025. Under the agreement reached with the consortium in March, Oman’s Power and Water […]