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Good morning, friends. We have another morning of assorted updates from around the region as the news cycle continues its brisk pace this week. THE BIG CLIMATE STORIES- UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum inaugurated the 900 MW fifth phase of the 5 GW Mohammed bin Rashid Al Maktoum Solar […]
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Posted inUncategorized
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Posted inSOLAR
Mohammed bin Rashid Al Maktoum Solar Park’s 900 MW fifth phase is officially inaugurated
UAE’s Mohammed bin Rashid Al Maktoum Solar Park launches fifth phase: UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum inaugurated the 900 MW fifth phase of the 5 GW Mohammed bin Rashid Al Maktoum Solar Park yesterday, Wam reports. The full investment ticket for the 5 GW mega solar park is AED […]
Posted inINVESTMENT WATCH
UAE’s Al Fattan will invest USD 20 mn in 200 MW green hydrogen and ammonia plant
The UAE’s Al Fattan Holding Investment is investing USD 20 mn in a 200 MW green hydrogen and ammonia facility in Abu Dhabi, Gulf News reports. The project is estimated to cost a total of USD 400 mn and will be developed by the holding company’s power subsidiary Al Fattan Energy in partnership with South […]
Posted inRENEWABLES
Mubadala’s investee companies supply solar energy to India’s MU1 data centers
A long renewables commitment between Mubadala’s investee companies: Two of Abu Dhabi sovereign investor Mubadala’s investee companies — Princeton Digital Group (PDG) and Tata Power Renewables — are partnering to supply clean energy for a data center in India under a 25-year agreement, according to a statement. What we know: Pan-Asia data center operator PDG […]
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Posted inCLIMATE FINANCE
Jordan is getting USD 250 mn from the World Bank to address water crisis
Jordan is getting much-needed funds for its water crisis: The World Bank has approved USD 250 mn in financing to help address Jordan’s water crisis, according to a statement. The approved financing comes under the kingdom’s new Jordan Water Sector Efficiency Project, which aims to enhance the efficiency of water services through the rehabilitation of […]
Posted inSOLAR
Project update: Acwa Power inks EPC contract with Energy China for 400 MW solar plant in Uzbekistan
Acwa Power’s Tashkent solar farm is coming along: Saudi renewables giant Acwa Power signed an engineering, procurement and construction (EPC) agreement with the Energy China Group Corporation company for its 400 MW solar energy project in Tashkent, Uzbekistan, according to a statement. The financial agreements and an expected timeline for the project were not disclosed. […]
Posted inDISTRICT COOLING
SNC-Lavalin to build district cooling plant at Riyadh’s King Salman Park
Canada’s SNC-Lavalin Group has been selected to build a district cooling plant for Saudi Arabia’s King Salman Park, according to a statement released last week. The contract was awarded by Saudi Tabreed’s subsidiary Green Park Cooling Company. No financial details or a timeline to launch were disclosed in the statement. What we know: The park […]
Posted inCoffee With…
Deutsche Bank's ESG Chief Investment Officer Markus H.-P. Müller on MENA’s energy transition and the challenges that arise with it
Coffee With: Markus H.-P. Müller, Chief Investment Officer ESG and Global Head of the Chief Investment Office of Private Bank, Deutsche Bank: Müller (LinkedIn) has held multiple posts at Deutsche Bank, serving as global head of chief investment office since June 2020. He was appointed as chief investment officer ESG in June 2021 alongside his […]