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Tuna industry on a collision course with subsea mining sector: Rising sea temperatures are expected to drive a number of tuna species into a potential mining hotspot, threatening the USD 5.5 bn tuna industry, Bloomberg writes, citing research in Nature. Global warming will drive tuna to migrate toward the Clarion-Clipperton Zone between Hawaii and Mexico, […]
Author Archives: enterpriseam admin
Posted inAROUND THE WORLD
JLEN Group to invest USD 10 mn in Germany-based green hydrogen plant
JLEN Group to invest USD 10 mn in Germany-based green hydrogen plant: Guernsey-based investment firm JLEN Environmental Assets Group (JLEN) said it will invest EUR 9.2 mn (c. USD 10 mn) along with Berlin-based clean energy supplier HH2E and a number of investment funds in a green hydrogen facility with an annual production capacity of […]
Posted inON YOUR WAY OUT
These rock-eating microbes could help make the global steelmaking industry carbon-free
Microbes can help decarbonize steelmaking: Australian miner BHP — the world’s largest miner — is looking into using rock-eating microbes to help cut emissions from steelmaking in what could be a major breakthrough in making the industry zero-carbon, Bloomberg reported last week. Why old school DRI doesn’t work in Australia: Most steel made in coal […]
Posted inCALENDAR
JULY 2023 15-16 July (Saturday-Sunday): Second COP27 transitional committee workshop, Bangkok, Thailand. 18-19 July (Tuesday-Wednesday): Egypt Mining Forum, Cairo, Egypt. 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 on Recycling and Waste Management, […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: UK’s Actis is reportedly close to acquiring a 580 MW wind farm in Egypt
Good morning, friends. We have a brisk issue with you this morning with some big stories making waves in the regional climate industry. THE BIG CLIMATE STORY- Taqa Arabia’s shares rose almost 4,000% on its second day of trading on Egypt’s bourse yesterday, with a large block transaction involving the sale of EGP 3.7 bn […]
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Posted inCAPITAL MARKETS
Take two: Taqa Arabia shares soar again on second day of trading on the EGX
Taqa Arabia had a decidedly less chaotic second day of trading on the Egyptian Exchange yesterday, with the company’s shares avoiding the dramatic fluctuations seen on Sunday and only a few transactions reportedly being canceled by the Egyptian bourse. The company’s share price jumped 3,900% to close at EGP 20, a percentage change magnified by […]
Posted inM&A WATCH
UK’s Actis is reportedly close to acquiring a 580 MW wind farm in Egypt
Will Actis snap up a 580 MW Egyptian wind farm? UK private equity giant Actis is reportedly inching closer to acquiring the 580 MW Gabal El Zeit wind project in Egypt’s Gulf of Suez after submitting the best technical and financial bid to the Sovereign Fund of Egypt (SFE), Asharq Business reports, citing three government […]
Posted inUncategorized
Posted inSOLAR
Six consortiums prequalify to build a 400 MW solar plant in Morocco
More solar power on the way for Morocco: Six consortiums have been pre-qualified to establish the 400 MW solar plant Noor Midelt II in the Atlas Mountains, Moroccan renewable energy agency Masen said, according to Reuters. Among the companies in the six pre-qualified consortiums: Spain’s CobraServicios, Comunicaciones y Energia, Iberdrola, France's EDF Renewables, Italy's Enel […]