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Amea Power gets fresh funding: UAE renewable energy developer Amea Power has signed a USD 75 mn equity funding round from Japan’s SoftBank Group (SBG), according to a statement. The investment represents the Emirati firm’s first external equity funding after years of being privately funded by its founding shareholders, the Al Nowais family. What we […]
Author Archives: enterpriseam admin
Posted inINVESTMENT WATCH
French recycling startup b:bot drums up investments to expand to MENA and the GCC
France’s b:bot looking to set up shop in Tunisia, UAE: French plastic recycling robotics company b:bot plans to expand to Tunisia and the UAE after raising EUR 20 mn to boost its robot network and enter new markets, Tech EU reported earlier this week. Ironing out the details: The French startup raised EUR 20 mn […]
Posted inMACRO PICTURE
Here’s 100 innovative solutions to decarbonize the end-use sector, courtesy of Irena
A toolbox of tips for decarbonizing end-use sectors: The International Renewable Energy Agency (Irena) has unveiled 100 innovative solutions governments can use to reduce emissions and decarbonize the electrification of end-use sectors, according to a recent report (pdf). The report offers a number of green tech investment suggestions for governments looking to set up decarbonization […]
Posted inALSO ON OUR RADAR
It’s final: TotalEnergies signs agreement for USD 27 bn energy cluster in Iraq
Iraq, TotalEnergies agreement is signed and sealed: The Iraqi government and French oil giant TotalEnergies officially inked the agreement on a long-delayed USD 27 bn cluster of energy projects in the country including a 1 GW solar power plant to supply the Basrah regional grid, Reuters reports. The accord had faced hurdles over its terms, […]
Posted inAROUND THE WORLD
Copenhagen Infrastructure Partners seeks to raise EUR 12 bn for renewables investments
The Danish are coming: Danish fund manager Copenhagen Infrastructure Partners (CIP) is seeking to raise EUR 12 bn (c. USD 13 bn) to invest in renewable energy, making it among the top funds looking to shift away from fossil fuels, Managing Partner Jakob Baruël Poulsen told Bloomberg. CIP reached its first close of EUR 5.6 […]
Posted inON YOUR WAY OUT
Sun-reflecting blankets are China’s answer to shield its melting glacier
A group of Chinese scientists are working on saving China’s top sightseeing spot Dagu Glacier from melting, Bloomberg reported last week. The scientists are looking to deploy thick rolls of white fabric over 4.3k sq feet (c. 400 sqm) of the mountain to reflect the sun’s rays back into the atmosphere. A terminally ill glacier: […]
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: Egypt’s CIB will receive USD 100 mn from IFC to boost climate financing
Good morning, nice people. We have a busy morning to dive into with climate updates across the region and in all sectors of the industry. THE BIG CLIMATE STORIES- Egypt’s largest private lender CIB will receive a USD 100 mn loan from the World Bank’s private investment arm the International Finance Corporation to help finance […]
Posted inUncategorized
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Posted inDEBT WATCH
Egypt’s CIB will receive USD 100 mn from IFC to boost climate financing
CIB is getting a helping hand from the IFC for its green push: Egypt’s largest private lender, CIB, will receive a USD 100 mn loan from the World Bank’s private investment arm the International Finance Corporation (IFC) to help fund the bank’s climate finance endeavors, CIB’s head of financial institutions Heba Abdel Latif told Bloomberg […]