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Vulcan Steel is drumming up funds for green steel plant: India’s Vulcan Steel is currently in talks with undisclosed export credit agencies (ECAs) to seal USD 2.5 bn in funding for its green steel plant in Oman’s port city of Duqm, The Economic Times reports, citing sources it says have knowledge of the matter. The […]
Author Archives: enterpriseam admin
Posted inCLIMATE IN THE NEWS
China wants establish low carbon data centers in the city of Hohhot
China’s Hohhot could be an ideal green computing hub: The China Academy of Information and Communications Technology is setting into motion a development framework for establishing clean energy data centers in the Chinese city of Hohhot, Chinese state-owned news channel CGTN reports. The city is an ideal spot for the construction of green data centers […]
Posted inALSO ON OUR RADAR
PIF-backed Lucid and Aston Martin ink USD 450 mn agreement to partner up on luxury EVs
Lucid and Aston Martin partner up for EVs: Aston Martin and Saudi PIF-backed EV maker Lucid Group are joining forces to make the British ultra-luxury car maker’s future electric vehicles, the two companies said in statements last week (here and here). The companies have signed contracts worth over USD 450 mn, and the agreement paves […]
Posted inAROUND THE WORLD
Portugal and Italy submit revamped clean energy plans for 2030
Portugal has doubled its green hydrogen and solar targets for 2030, Reuters reports. The new goals — presented before a deadline for EU countries to submit revamped clean energy plans — will see the country generate 21 GW in solar energy by 2030 instead of its previous target of 9.3 GW. The country is also […]
Posted inON YOUR WAY OUT
A “mine above ground” for critical minerals needed in EV batteries
Mining black gold above ground: Norwegian aluminum giant Norsk Hydro and Swedish electric battery maker Northvolt are producing mineral powder essential for the energy transition from used and defective EV batteries, AFP reported. The powder produced — dubbed “black gold” — is made up of nickel, manganese, cobalt, lithium and graphite, in a “mine above […]
Posted inCALENDAR
JULY 2023 3-7 July (Monday-Friday): The 36th Conference of the International Association of Climatology, Bucharest, Romania. 15-16 July (Saturday-Sunday): Second COP27 transitional committee workshop, Bangkok, Thailand. 18-19 July (Tuesday-Wednesday): Egypt Mining Forum, The Nile Ritz-Carlton, Cairo, Egypt. TBD: Egypt’s post-COP27 Environmental and Climate Investment Forum, hosted by Egypt, Switzerland and UNIDO. AUGUST 2023 20-24 August […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: TotalEnergies and friends are building a 119 MW solar farm in KSA
Good morning, ladies and gents. We hope you’re well-rested after a very appreciated Eid Al Adha break. The region got busy while we were off, and there’s quite a few climate updates to dive into this morning. But first… MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. […]
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Posted inSOLAR
TotalEnergies and friends are building a 119 MW solar farm in KSA
TotalEnergies-led consortium set to build KSA solar farm: Noor Alwadi Renewable Energy Company — a JV between French oil and gas giant TotalEnergies, Japan’s Toyota Tsusho Corporation, and Saudi Arabia’s Altaaqa Renewable Energy — is set to build a 119 MW solar plant in Saudi Arabia, according to a statement released last Wednesday. The project […]
Posted inELECTRIC VEHICLES
China’s Tinci is planning to open a lithium electrolyte factory in Morocco
China’s Tinci opening EV battery material plant in Morocco: Guangzhou TinciMaterials Technology (Tinci) — one of China's leading manufacturers of materials for EV batteries — is planning to establish a lithium electrolyte factory in Morocco, Morocco World News reported last Wednesday, citing Chinese media outlet Yicai Global. Once operational, the materials produced will be exported […]