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Good morning, wonderful people. We have a relatively brisk issue for you this morning to mark the midpoint of the week, with a couple of key updates on renewables and EVs emerging from the GCC. THE BIG CLIMATE STORY- UAE renewables giant Masdar has signed an MoU with Malaysia-based investment holding company Citaglobal Berhad to […]
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Posted inRENEWABLES
Masdar eyes a 2 GW renewables expansion into Malaysia
Masdar inks an MoU with Berhad to develop Malaysian renewables: UAE renewables giant Masdar has signed an MoU with Malaysian investment holding company Citaglobal Berhad to jointly develop 2 GW worth of renewable energy projects in Malaysia, according to a statement. No financial details or a timeline for the projects have been disclosed. The details: […]
Posted inELECTRIC VEHICLES
Hyundai and KSA’s Ceer sign agreement on supply of EV parts
KSA’s Ceer will source EV spare parts from Hyundai: South Korean automaker Hyundai Kefico — a subsidiary of Hyundai — has signed a KRW 250 bn (c. USD 196 mn) agreement to supply spare parts to Saudi Arabia’s first EV manufacturing company Ceer, Yonhap News Agency reports. The details: Under the agreement, Hyundai will supply […]
Posted inUncategorized
Posted inM&A WATCH
Maersk is reportedly preparing an offer for a 50% stake in Egypt’s Zafarana wind farm
Maersk may snap up 50% of Zafarana wind farm: The Egyptian government has given initial approval for Danish shipping company Maersk’s acquisition of a 50% share in Egypt’s 545 MW Zafarana wind farm, Al Mal reported on Thursday, citing sources it says have knowledge of the matter. If Maersk reaches an agreement with Egypt, it […]
Posted inCoffee With…
Karm Architecture Lab’s Principal Architect Farah Faheem talks sustainable architecture in MENA
Coffee with: Farah Faheem, Principal Architect of Karm Architecture Lab: Faheem (LinkedIn) serves as the managing principal architect of Karm Architecture Lab (KAL). Founded in 2014, KAL — a member of the KarmSolar group — offers cost-effective and eco-friendly buildings that are responsive to the surrounding environment and culture using locally-sourced natural earth materials such […]
Posted inAROUND THE WORLD
A major EU shipping lane is at risk as Rhine River levels dip dangerously + Spain’s Capital Energy is selling of its USD 1 bn renewables portfolio + UK greenlights more oil and gas projects
Low Rhine River levels are ringing alarm bells: Companies in Europe are scrambling to adapt to receding waters at the Rhine River, putting the future of the major western European shipping lane at risk, Bloomberg reports. Some companies like German chemicals giant BASF are re-routing logistics to train and trucks, while others like German plastics […]
Posted inALSO ON OUR RADAR
Egypt-bound Netherlands car carrier ship is still billowing smoke
Netherlands tows burning car carrier away from shipping lanes: A car carrier ship that erupted in flames while carrying over 3k vehicles — including some 498 EVs — near the Dutch coast is currently being towed to a new temporary location away from shipping routes, the Dutch water board Rijkswaterstaat said earlier this week. A […]
Posted inON YOUR WAY OUT
American retail giant Walmart wants to repurpose its CO2 emissions to produce yarn
Spinning their own climate-friendly yarn: US retail corporation Walmart Inc. is partnering with California-based startup Rubi Laboratories to capture carbon emissions generated by its supply chain and convert it into biodegradable apparel collections, Bloomberg reported last week, citing a company statement. How it will work: Rubi’s modular reactor system captures flue gas — the material […]