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Author Archives: enterpriseam admin
Posted inGREEN HYDROGEN
KSA’s PIF and Japan’s Jera will explore green hydrogen production possibilities
KSA’s PIF and Japan’s Jera partner on green hydrogen production: Saudi sovereign wealth fund the Public Investment Fund (PIF) signed an MoU with Japanese power generation company Jera to explore producing green hydrogen and its derivatives, according to a statement released on Thursday. The details: Under the agreement, both parties would conduct the necessary feasibility […]
Posted inDEBT WATCH
First Abu Dhabi Bank issues inaugural AED 1.3 bn green sukuk issuance
FAB pulls the trigger on inaugural green sukuk issuance: The UAE’s largest bank First Abu Dhabi Bank (FAB) issued a three-year AED 1.3 bn (c. USD 350 mn) shariah-compliant green sukuk, according to a statement released on Thursday. The details: The green sukuk was priced at 4.93% on Wednesday — the lowest price offering in […]
Posted inDEBT WATCH
Masdar eyes more green issuances and global expansion after debut USD 750 mn sale
More Masdar green bonds coming next year: The UAE’s state-owned renewables developer Masdar is planning more green bonds sales in 2024 after it raised USD 750 mn in a debut green bond sale, Chief Financial Officer Niall Hannigan told Bloomberg in an interview last week. The debut bond sale is the first part of an […]
Posted inELECTRIC VEHICLES
UAE’s Sulmi reveals the first electric motorcycle designed and manufactured in the Emirates
UAE-based startup Sulmi debuted its Sulmi EB-One all electric motorcycle in Sharjah, according to a statement released last week. Designed and manufactured in Sharjah Research, Technology, and Innovation Park (SRTIP)’s SoiLAB, the EB-One is the first electric motorcycle wholly manufactured and designed in the Emirates. The EV is not yet available for sale and has […]
Posted inELECTRIC VEHICLES
India’s Pravaig Dynamics inks agreement to explore setting up an EV plant in KSA
India’s mobility startup Pravaig Dynamics could be setting shop in KSA: India’s deep tech mobility company Pravaig Dynamics signed an MoU with EV-focused investment firm Saudi India Venture Studio (SIVS) to explore establishing an electric vehicle production facility in Saudi Arabia, according to a statement released last week. What we know: The MoU will pave […]
Posted inINVESTMENT WATCH
One Moto secures USD 40 mn in lease financing for delivery EV fleet expansion in UAE
One Moto secures funds for delivery EV vehicles expansion: British sustainable mobility startup One Moto Technologies has secured USD 40 mn in lease financing to accelerate the leasing of electric delivery vehicles throughout the UAE, according to a statement released last week. The financing round was led by sustainability funding platform Pyse, the company said. […]
Posted inCLIMATE DIPLOMACY
The UAE and Turkey will partner on renewables, green fuels, hydropower, and battery storage
The UAE and Turkey have agreed to expand cooperation in the renewables and green fuels production sectors, Wam reported last week. The UAE’s President Mohammed bin Zayed Al Nahyan and Turkish counterpart Recep Tayyip Erdogan inked an agreement that will see both countries pour in “large scale investments” across the renewable energy, green hydrogen, hydroelectric […]
Posted inCLIMATE IN THE NEWS
Militaries and wartime are environmentally unfriendly, and the Brits are leading the charge on decarbonizing
Armed forces globally are looking into how to decarbonize more effectively ahead of COP28, a British general advising on climate issues at the UK Defense Ministry told The National in an interview on Saturday. Lt. General Richard Nugee, the chief adviser for climate change and sustainability at the ministry, said the British armed forces are […]
Posted inALSO ON OUR RADAR
The UAE is getting a maritime decarbonization center and Dubai’s mega WtE plant transfers inaugural clean energy to the grid
UAE establishes a maritime decarbonization center: The UAE’s Energy and Infrastructure Ministry and Norwegian maritime industry advisor and classification society DNV have established a maritime decarbonization center in the Emirates, according to a statement released on Friday. The center will function as a hub for research and development of decarbonization tech aimed at pushing down […]