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Aramco’s Amin Nasser is joining Blackrock’s BoD: The world’s leading asset manager BlackRock has named Saudi oil giant Aramco CEO Amin Nasser (LinkedIn) to its board, Bloomberg reports, citing an emailed statement. A leader at Aramco since 2015, Nasser is expected to provide the asset manager with a “unique perspective” on fundamental issues facing the […]
Author Archives: enterpriseam admin
Posted inCLIMATE IN THE NEWS
Floating solar plants may help coastal cities in their energy transition
Offshore solar could be the next big thing in renewables: Chinese renewable energy giant State Power Investment Corporation (SPIC) and Norway-based floating solar producer Ocean Sun are developing new technologies that could realize large-scale floating solar plants installed in seas and oceans, Bloomberg reports. While hundreds of floating projects on lakes, reservoirs, fish farms and […]
Posted inALSO ON OUR RADAR
Adnoc will launch MENA’s first high-speed hydrogen refueling station in the UAE this year
MENA’s first high-speed hydrogen refueling station is coming: UAE’s Adnoc has broken ground on the Middle East’s first high-speed hydrogen refueling station, which will be completed and operational this year in Masdar City, according to a statement. The station — which will be operated by Adnoc Distribution — will produce clean hydrogen from water using […]
Posted inCALENDAR
JULY 2023 22-23 July (Saturday-Sunday): International Conference on Solar Power Technology, Dubai, the UAE. 25-26 July (Tuesday-Wednesday): London Hydrogen-Africa Green H2 Investment Forum, London, UK. TBD: Egypt’s post-COP27 Environmental and Climate Investment Forum, hosted by Egypt, Switzerland and UNIDO. AUGUST 2023 20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden. 21-22 August (Monday-Tuesday): International Conference […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: KSA’s Acwa Power secures land for its 10 GW wind farm in Sohag.
Good morning, friends. It’s another busy morning of climate news across the region, with the news cycle showing no sign of slowing down. BESIDES ALL THE NEWS, one of this morning’s must-reads is our explainer on El Niño and what the extreme weather pattern means for our neck of the woods. THE BIG CLIMATE STORY- […]
Posted inUncategorized
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Posted inWIND
KSA’s Acwa Power secures land for its 10 GW wind farm in West Sohag
Egypt assigns land plot for Acwa’s 10 GW mega wind project: Saudi renewable energy firm Acwa Power yesterday signed a land allocation agreement with Egypt’s Electricity Ministry for its planned 10 GW wind farm, Acwa and the Egyptian cabinet said in separate statements. The Saudi developer will receive a 3k sq-km plot of land in […]
Posted inWIND
Vestas’ 250 MW wind farm at Egypt’s Gulf of Suez will kick off operations in early 2024
We finally have a timeline for Vestas’ wind farm in the Gulf of Suez: An international consortium led by Denmark’s wind turbine maker Vestas is set to begin operations at its 250 MW wind farm in Egypt’s Gulf of Suez by early 2024, Al Mal quotes unnamed sources at the country’s Electricity Ministry as saying. […]
Posted inUncategorized
Posted inCLIMATE FINANCE
Egypt and Greece explore ways to fund the GREGY interconnector
GREGY: Who’s paying? Egyptian authorities are in talks with the Greek government about how to fund the planned 3-GW Egypt-Greece Interconnector (GREGY), a source from Egypt’s Electricity Ministry told Enterprise. The initial investment required for the project stands at around EUR 4 bn, according to our source, who said that there are currently three options […]