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Egypt to ink framework agreement for USD 7 bn green hydrogen plant: State-owned energy conglomerate China Energy Engineering Corporation (Energy China) will sign a framework agreement within two months with Egyptian government authorities to develop a USD 7 bn green hydrogen plant in Egypt’s Suez Canal Economic Zone (SCZone), according to a statement. The expected […]
Author Archives: enterpriseam admin
Posted inUncategorized
Posted inDECARBONIZATION
UAE’s Two Zero buys 7.3 mn MWh worth of clean energy certificates from EWEC
EWEC makes its biggest single sale of clean energy certificates: The Emirates Water and Electricity Company (EWEC) has made its biggest single sale of clean energy certificates to UAE’s digital infrastructure developer Two Zero, according to a statement. The company purchased 7.3 mn MWh of clean energy through EWEC’s auction process in a bid to […]
Posted inGREEN FINANCE
Bloomberg Philanthropies and Irena join forces to boost clean energy deployment and financing in EMs
A major partnership ahead of COP28: Bloomberg Philanthropies and the International Renewable Energy Agency (Irena) have announced a partnership to boost clean energy deployment and capital mobilization in emerging markets and developing economies (EMDEs), according to a statement. The philanthropic organization will back Irena to accelerate efforts to drive an all-round adoption of renewable energy […]
Posted inALSO ON OUR RADAR
Sweden’s SKF invests USD 4.7 mn in Moroccan magnetic bearing plant
Sweden’s bearing and seal manufacturing company SKF will invest SEK 50 mn (USD 4.7 mn) in a new magnetic bearing plant in Morocco, according to a statement. “As this technology is now playing a central role in green industries, we need to make sure we can maintain our leading position in terms of technical development […]
Posted inAROUND THE WORLD
China may overtake the US in solar panel production capacity
China on track to produce more solar panels than the US in 2023: China has tripled its solar panel production capacity between January and April on the back of government subsidies to boost the energy transition and lower solar panel production costs, Bloomberg writes. The country may install some 154 GW of solar energy in […]
Posted inON YOUR WAY OUT
Can perovskite solar panels pave the way for more efficient solar power?
Can perovskite-based solar panels become an industry standard? Government-backed researchers and private sectors are looking to use perovskite — a mineral that can potentially outperform silicon — to increase the energy efficiency of solar panels, CNBC writes. Researchers from the US National Renewable Energy Laboratory have already attained a record energy efficiency rate of 31.25% […]
Posted inCALENDAR
MAY 2023 22-24 May (Monday-Wednesday): IEEE Power and Energy Forum, Muscat, Oman. 25-27 May (Thursday-Saturday): Second meeting of the COP27 Transitional Committee, Bonn, Germany. 29-31 May (Monday-Wednesday): Electric Vehicle Innovation Summit, Abu Dhabi, UAE. 29-31 May (Monday-Wednesday): CCUS Forum, Lusail City, Qatar. 30 May-1 June (Tuesday-Thursday): Global Sustainable Development Congress, King Abdullah University of Science […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Neom achieves financial close for USD 8.4 bn green hydrogen project
Good morning, wonderful people. After the deluge of news yesterday, we have a brisk read for you this morning with some key updates on projects happening in the region. THE BIG CLIMATE STORY- KSA’s Neom Green Hydrogen Company has achieved financial close with 23 local, regional and international banks and financial institutions for its USD […]
Posted inUncategorized
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