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Spain is getting a Saudi solar PV plant: Spain’s Iberdrola has secured the planning permissions to kickstart the construction of a 100 MW captive solar photovoltaic plant in the Spanish port city of Cartagena on behalf of Saudi chemicals giant SABIC, a statement by the utility provider read on Thursday. The details: Under a power […]
Author Archives: enterpriseam admin
Posted inCARBON MARKETS
KSA’s RVCMC signs MoUs with Eveready EA, Carbon Vista Nigeria for carbon projects
A successful carbon auction by the Saudis: Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) signed two MoUs with Kenya’s main dry cell battery maker Eveready East Africa and Carbon Vista Nigeria to set up high-quality and impactful carbon projects in the two countries, SPA reported on Thursday. No more details were disclosed on the […]
Posted inMINING
Sawiris-backed La Mancha backs USD 1 bn Brazilian critical metals acquisition
La Mancha chips in USD 100 mn for Brazilian mine acquisitions: The La Mancha Fund — backed by Egyptian investor Naguib Sawiris — is backing the USD 1 bn acquisition of two Brazilian mines by London-listed SPAC ACG Acquisition Company, according to a statement (pdf) released last week. The fund has invested USD 100 mn […]
Posted inGREEN FINANCE
IFC signs partnership with Morocco’s M6FI to identify and finance green infrastructure projects
Morocco’s M6FI gets a boost from the IFC: Morocco’s Mohammed VI Fund forInvestment (M6FI) signed a partnership agreement with the International Finance Corporation (IFC) for support in identifying and financing sustainable infrastructure projects, Morocco World News reported last week. The size and timeline for the agreed plan was not disclosed, in addition to the type […]
Posted inCLIMATE IN THE NEWS
China’s Yichun city halts mining for lithium + Cruise ships in Europe are releasing 4x more sulphuric gasses than cars
China’s Yichun city is struggling with lithium mining damage: Yichun — China’s most prospective region for lithium — is grappling between maximizing lithium mining to lead the electric vehicle battery boom, and holding off on expansion as concern over the environmental impact grows, Reuters reported on Thursday. Extracting and smelting lepidolite — the rock from […]
Posted inALSO ON OUR RADAR
Acwa Power and Huawei partner on renewables R&D program, Petrojet and Huawei Digital Power team up on oil and gas decarbonization, and a new Chinese EV is hitting KSA’s streets
Acwa Power and Huawei partner on renewables R&D program: KSA’s Acwa Power has inked an MoU with China’s Huawei Digital Power to develop a joint research and development (R&D) program that aims to localize photovoltaic string production tech in Saudi Arabia, according to a statement released on Friday. The program will work on maximizing the […]
Posted inAROUND THE WORLD
Norsk Hydro produces world’s first batch of green aluminum and Eni eyes a potential stake sale in renewables unit
Norway’s Norsk Hydro has made the world’s first batch of aluminum using green hydrogen, Bloomberg reported on Thursday, citing a company statement. In a big milestone for global green manufacturing, Hydro partnered with hydrogen burner technology experts at Paris-based Fives North American Combustion company, to run a trial test replacing natural gas with green hydrogen […]
Posted inCALENDAR
JUNE 2023 19-21 June (Monday-Wednesday): European Climate Change Adaptation Conference 2023, Dublin, Ireland. 22-23 June (Thursday-Friday) The UN’s Summit for a New Global Financing Pact, Paris, France. 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 […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Veolia-led consortium reaches financial close on UAE hazardous industrial waste treatment plants
Good morning, ladies and gents. We’re rolling into the weekend with a packed issue full of climate updates from all over the region. Let’s dive right in. THE BIG CLIMATE STORY- A consortium comprising French waste and water management company Veolia, Abu Dhabi sovereign wealth fund ADQ, and Saudi investment powerhorse Vision Invest has reached […]
Posted inUncategorized
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