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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 […]
Author Archives: enterpriseam admin
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Manara, a PIF-Ma’aden JV, grabs a 10% stake in Vale’s base metals unit
Good morning, friends. It’s another busy start to the week with lots of climate updates from around the region and beyond, but first… A SOUNDBITE TO KICK OFF THE WEEK? “The era of global warming has ended; the era of global boiling has arrived,” UN Secretary General Antonio Guterres warned on Thursday following confirmation by […]
Posted inUncategorized
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Posted inM&A WATCH
PIF-Ma’aden JV Manara grabs 10% stake in Vale’s base metals unit
Saudi’s minority acquisition in Brazil’s Vale is finalized: KSA’s Manara — a recentlyestablished JV between Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) and state-owned mining company Ma’aden — will acquire a 10% stake in Brazilian miner Vale’s base metals unit at an enterprise value of USD 26 bn, it said in a […]
Posted inGREEN HYDROGEN
Switzerland’s Smartenergy is eyeing a USD 1 bn green hydrogen project in Egypt
Another green hydrogen project in Egypt? Swiss renewable power group Smartenergy are in talks to set up a USD 1 bn green hydrogen project in Egypt with agreements set to be signed in 4Q 2023, a government source told Enterprise Climate. The news was first reported by Asharq Alawsat, with Smartenergy’s Chief Financial Officer René […]
Posted inUncategorized
Posted inWIND
Morocco’s 300 MW Boujdour wind farm kicks off operations
Morocco’s wind portfolio is expanding: Nareva Enel Green Power (NEGP) — a JV between Morocco’s electricity company Nareva and Italian renewable energy developer Enel Green Power — has kicked off operations on its 300 MW Boujdour wind farm in Morocco, according to a statement released last week by the country's National Office of Electricity and […]
Posted inEARNINGS WATCH
Tabreed’s net income slightly slips in 2Q 2023
A slight dip for Tabreed in 2Q: The UAE’s National Central Cooling Company (Tabreed) reported a 1% y-o-y drop in net income in 2Q 2023 to AED 159.4 mn, its financial statements (pdf) for the quarter showed on Friday. Its revenues were up by 8.6% y-o-y during the three months ending in June, recording AED […]
Posted inCLIMATE DIPLOMACY
UAE, South Korea expand cooperation on nuclear energy and Morocco, US boost renewables tech collaboration
Revived cooperation between UAE, S. Korea on nuclear: The UAE and South Korea held high-level talks to strengthen cooperation in the nuclear sector, Yonhap news agency reported on Friday, citing a statement by Seoul’s Foreign Ministry. UAE Energy and Industry Minister Suhail Al Mazrouei and South Korea’s Second Vice Foreign Minister Oh Young-ju agreed during […]
Posted inMOVES
Jim Skea will head the UN’s Intergovernmental Panel on Climate Change
UN’s Intergovernmental Panel on Climate Change picks new chair: The UN’s Intergovernmental Panel on Climate Change has elected British professor of sustainable energy Jim Skea as its new chair at a meeting of the 195-country organization in Nairobi last week, according to a statement. Skea co-chaired the latest report by the IPCC on curbing planet-heating […]