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Veolia, TotalEnergies to greenify desalination plant in Oman: Oman-based Sharqiyah Desalination Company SAOG, a JV between France’s Veolia and Oman’s National Power and Water Company, has signed an agreement with TotalEnergies to build a 17 MW solar project to power its Sur desalination plant, according to a statement. The solar farm will produce over 30 […]
Author Archives: enterpriseam admin
Posted inEARNINGS WATCH
Dewa reports 24% slump in net income in 2Q despite rising demand
A mixed 2Q for Dewa: The Dubai Electricity and Water Authority (Dewa) reported a 24% y-o-y drop in net income in the second quarter of the year to AED 1.98 bn despite a rise in customers and demand, according to financial statements (pdf) released on Thursday. Dewa’s revenues were up 4.3% y-o-y in 2Q reaching […]
Posted inEARNINGS WATCH
KSA’s Acwa Power net income and revenues get a bump in 2Q
A solid 2Q for Acwa Power: Saudi Arabia’s Acwa Power reported a 6.3% y-o-y increase in net income in 2Q to report SAR 414.4 mn on the back of an increased operating income, according to financial results sent to Tadawul on Thursday. Its revenues rose 9.1% y-o-y during 2Q reaching SAR 1.4 bn. What’s behind […]
Posted inALSO ON OUR RADAR
Morocco opens tender for 400 MW Noor Midelt III PV farm PLUS: Iran inaugurates 10 MW solar plant
Morocco tenders for 400 MW Noor Midelt III solar farm: Morocco's renewable energy agency Masen has floated a prequalification tender for the 400 MW third phase of the 1.6 GW Noor Midelt solar complex in the Atlas Mountains, according to a statement released last week. Developers will have to submit prequalification documents to fund, build, […]
Posted inAROUND THE WORLD
Indonesia is reportedly cutting export duties and VAT to lure in EV producersPLSU: The US scaled up on DAC
Indonesia is upping its EV game: Indonesia is reportedly planning additional tax incentives to lure global EV producers to the country, Bloomberg reported on Friday, citing people with knowledge of the matter. The sources say the Indonesian government has agreed to offer 0% export duty and VAT exemptions to EV producers that set up shop […]
Posted inON YOUR WAY OUT
Oman to produce 900 tons of soil fertilizer per year from palm waste
Oman kicks off project to make fertilizers from palm waste: Oman’s Ministry of Agricultural, Fisheries, and Water Resources has launched a project to produce “eco-friendly soil enhancers” in the Barka coastal city in the country’s south, Muscat Daily reported last week. At a cost of RO 180k (USD 466.8k), the new plant will produce soil […]
Posted inCALENDAR
AUGUST 2023 20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden. 21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA. 21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA. 29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, Dominican Republic. SEPTEMBER 2023 4-6 September (Monday-Wednesday): Sustainable Maritime Industry […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: UAE’s Ocior Energy has its eye on a mega green hydrogen plant in Egypt
Good morning, ladies and gents. We have some big green hydrogen news from the region and an interesting update on what can be done about our bovine methane-producing friends. Let’s dive right in. THE BIG CLIMATE STORY- Abu Dhabi-headquartered green fuels developer Ocior Energy has been named as the undisclosed company with its eyes on […]
Posted inUncategorized
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Posted inGREEN HYDROGEN
UAE’s Ocior Energy is on track to build a USD 4 bn green hydrogen plant in Egypt
We have more details on yesterday’s green hydrogen proposal: Abu Dhabi-headquartered green fuels developer Ocior Energy has signed preliminary agreements with the Egyptian government to build a USD 4 bn green hydrogen production plant in the Suez Canal Economic Zone (SCZone), head of Commercial Services at Egypt’s Trade and Industry Ministry Yehia El Wathiq Bellah […]