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Saudi Arabia + South Korea discuss green hydrogen cooperation: Saudi Arabia’s Energy Minister Abdulaziz bin Salman met with South Korea’s Land, Infrastructure, and Transport Minister Won Hee-ryong to discuss cooperation in green hydrogen production and export to South Korea, the Saudi Press Agency reported on Thursday. The two sides also touched on the use of […]
Author Archives: enterpriseam admin
Posted inCLIMATE IN THE NEWS
Technical faults in wind turbines manufactured by Siemens Gamesa to cost over EUR 1 bn
Siemens Energy dealt a huge blow after major faults found in wind turbines: Siemens Gamesa — a subsidiary of Siemens Energy — has found a “substantial increase in failure rates of wind turbine components” that could cost the company over EUR 1 bn, Reuters reported on Friday. The technical issues identified will affect 15-30% of […]
Posted inALSO ON OUR RADAR
UAE launches fintech sustainability pledge + KSA gov’t, businesses talk energy transition funding
UAE + MENA Fintech Association make sustainability pledge: The UAE’s Climate Change and Environment Ministry and the Middle East and North Africa Fintech Association (MFTA) have launched the Sustainable Fintech Pledge with the aim of integrating sustainability practices at fintech companies, Wam reported yesterday. The pledge outlines five core principles: Embedding sustainability in business operations, […]
Posted inAROUND THE WORLD
Another SAF venture + anything for the eyes of renewables for the Dutch
Another day, another SAF venture: South Africa’s Sasol — the world’s largest producer of fuels and chemicals from coal and gas — and leading Danish decarbonization company Topsoe are joining forces to set up a sustainable aviation fuel (SAF) joint venture, according to a joint statement released on Wednesday. The 50/50 JV “aims to develop, […]
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. 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 […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: UAE’s Taqa acquires water solutions firm SWS Holding for USD 463 mn + CYVN Holdings invests USD 739 mn in Chinese EV maker Nio
Good morning, lovely people. We have an M&A and EV heavy issue for you this morning as we slide into the weekend. THE BIG CLIMATE STORIES- The Abu Dhabi National Energy Company will acquire water solutions firm Sustainable Water Solutions Holding Company for AED 1.7 bn (USD 463 mn) and Abu Dhabi-backed investment firm CYVN […]
Posted inUncategorized
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Posted inM&A WATCH
UAE’s Taqa acquires water solutions firm SWS Holding for USD 463 mn
Taqa to acquire SWS Holding: The Abu Dhabi National Energy Company (Taqa) will acquire water solutions firm Sustainable Water Solutions Holding Company (SWS Holding) for AED 1.7 bn (USD 463 mn), according to a statement. SWS Holding was founded in 2023 and is the parent company of wastewater treatment and repurposing firm Abu Dhabi Sustainable […]
Posted inM&A WATCH
Abu Dhabi-backed CYVN Holdings invests USD 739 mn, acquiring 7% of Chinese EV maker Nio
CYVN Holdings invests in EV maker Nio: Abu Dhabi-backed investment firm CYVN Holdings is investing USD 738.5 mn in Chinese electric vehicle automaker Nio through a share subscription agreement, according to a statement. The agreement will result in CVYN acquiring a 7% stake in the EV firm and grabbing a seat on Nio’s board of […]
Posted inUncategorized