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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 […]
Author Archives: enterpriseam admin
Posted inWHAT WE’RE TRACKING TODAY
TODAY: KSA’s Badeel, Acwa Power set to build three solar plants worth some USD 3 bn
Good morning, friends and welcome to the busiest start to the week we’ve seen this year. We have a bumper issue to dive into covering every climate angle under the sun. Let’s go. THE BIG CLIMATE STORY- KSA’s Badeel and Acwa Power signed power purchase agreements with the Saudi Power Procurement Company to develop and […]
Posted inUncategorized
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Posted inSOLAR
PIF’s Badeel and Acwa Power set to build three solar plants worth some USD 3 bn
KSA’s Badeel, Acwa Power to build three solar projects in Saudi Arabia: Badeel and renewables giant Acwa Power signed power purchase agreements with the Saudi Power Procurement Company to develop and operate three solar energy projects with a 4.5 GW cumulative generation capacity at an investment ticket of SAR 12.2 bn (c. USD 3.25 bn), […]
Posted inPOLICY
G7 Hiroshima Summit concludes leaving the door open for natgas investments
G7 countries have expressed support for “temporary” gas investments as they wean off Russian energy, according to the final communiqué of the three-day G7 summit in Hiroshima, Japan released on Saturday. G7 countries agreed that “investment in the gas sector can be appropriate as a temporary response to address potential gas market shortfalls,” referring to […]
Posted inDevelopment finance
AfDB approves partial credit guarantee of USD 345 mn to help Egypt issue debut panda bonds
Egypt gets a helping hand from AfDB to tap panda bond market: The African Development Bank (AfDB) has approved a partial credit guarantee of USD 345 mn equivalent in RMB to help Egypt access the panda bond market to finance green and social projects, according to a statement released on Saturday. The partial credit fund […]
Posted inUncategorized
Posted inM&A WATCH
Empower acquires five district cooling plants at Dubai International Airport
Empower acquires Dubai Airport’s district cooling plants: Emirates Central Cooling Systems (Empower) signed an agreement with the Dubai Aviation City Corporation to purchase its five cooling plants operating the Dubai International Airport, it said in a Dubai stock exchange disclosure (pdf) released on Friday. The five district cooling plants were valued at AED 1.1 bn […]
Posted inGREEN HYDROGEN
Acwa Power partners with Uzbekistan and Egypt on green hydrogen and renewables
Acwa Power pushes forward in Uzbekistan: Saudi Arabian renewables giant Acwa Power signed an agreement to establish a USD 100 mn green hydrogen plant in Uzbekistan with the country’s state-owned chemicals firm Uzkimyosanoat, marking the first project of its kind in the country and Central Asia, according to a statement released on Friday. Acwa also […]
Posted inRENEWABLES
Masdar, Uzbekistan to jointly develop 2 GW of renewables projects and 500 MW BESS facilities
And Masdar is expanding renewables development in Uzbekistan: UAE renewables giant Masdar signed a joint development agreement with the government of Uzbekistan to develop renewables projects worth some 2 GW and 500 MW of battery energy storage system (BESS) facilities across multiple locations, Wam reported on Friday. The financials and timelines of the various projects […]