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Posted inUncategorized
Author Archives: enterpriseam admin
Posted inM&A WATCH
Maersk throws its hat in the ring to acquire Egypt’s 545 MW Zafarana wind farm
Maersk is looking to snap up Egypt’s Zafarana wind farm: The Egyptian government has received an offer from Denmark’s global shipping company Maersk for the acquisition of the state-owned 545 MW Zafarana wind farm, a government source told Enterprise Climate. The global shipping giant is reportedly looking to acquire the farm to use the generated […]
Posted inSOLAR
Acwa Power achieves financial close on USD 2.2 bn solar projects
Saudi renewables developer Acwa Power has signed financing agreements for the SAR 8.3 bn (USD 2.2 bn) Al Shuaibah 1 and Al Shuaibah 2 PV projects, according to a disclosure on Tadawul yesterday. The capital was raised from a combination of long-term debt and equity financing, the disclosure noted. The details: Acwa Power secured a […]
Posted inINVESTMENT WATCH
SolarizEgypt is investing USD 50 mn in an African expansion this year
SolarizEgypt is gearing up for its African expansion: Egypt-based renewables company SolarizEgypt is looking to invest between USD 40-50 mn in solar PV projects across Africa by the end of the year, Al Borsa quotes SolarizEgypt founder and managing director Yaseen Abdel Ghaffar as saying. The investments are part of SolarizEgypt’s expansion plans aimed at […]
Posted inRENEWABLES
Xlinks UK-Morocco interconnector supplier gets green light for factory
Morocco-UK Xlinks interconnector moving forward: UK-based high-voltage direct current (HVDC) cable manufacturer XLCC — the contracted supplier of the 3.8k km interconnectors that will link Morocco and the UK under the GBP 18 bn Xlinks project — has received local approval for its HVDC manufacturing plant in Scotland, Morocco World News reported on Saturday. The […]
Posted inUncategorized
Posted inGREEN HYDROGEN
PIF and Engie partner on developing green hydrogen projects in the kingdom
KSA is partnering with Engie for the production + export of green hydrogen: French energy firm Engie signed an MoU with Saudi Arabia’s Public Investment Fund (PIF) for the joint development of green hydrogen projects and its derivatives in the kingdom, a company statement said on Thursday. The green hydrogen will be planned for export […]
Posted inGREEN HYDROGEN
Spain is axing Algeria from Europe’s ambitious green hydrogen infrastructure
Algeria is getting axed from an ambitious European hydrogen plan: Spain is now partnering with Italy and Morocco for a European-wide hydrogen transport infrastructure that will exclude Algeria on the back of diplomatic tensions with Madrid, Spanish media outlet El Periódico de la Energía reported last week. According to the outlet, the European Hydrogen Backbone […]
Posted inCLIMATE IN THE NEWS
The color of oceans has changed over decades due to climate change
Is the color of the ocean changing hues? In the past two decades, over 56% of the world’s oceans have changed colors in a manner that is not explicable by natural variability, leading experts to blame the phenomenon on climate change, CNN reported last week. The color of oceans and other waterways stems from the […]
Posted inALSO ON OUR RADAR
Aramco partners with Norway’s Aker on carbon capture and storage and we have more details on the UAE’s national EV policy
Aramco and Aker is partnering up on CCUS: Saudi Arabia’s oil giant Aramco and Norway-based Aker Carbon Capture have signed a MoU to explore partnership opportunities to employ carbon capture, utilization and storage (CCUS) and industrial modularization in the kingdom, according to a statement released on Thursday. The two-year MoU is set to focus on […]