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We might be looking at a potential line-up for GREGY: Infinity Power — a JV between UAE’s Masdar and Egyptian renewable player Infinity — signed an MoU with Greece-based Copelouzos Group to explore the feasibility of jointly developing renewable energy projects to supply energy to the 3 GW Greece-Egypt Interconnector (GREGY), according to a joint […]
Author Archives: enterpriseam admin
Posted inM&A WATCH
Bahrain’s Investcorp acquires controlling stake in China's renewable components manufacturer Jianuo
Investcorp grabs majority stake in Chinese renewables components player: Bahrain-based alternative asset manager Investcorp has acquired a controlling stake in China’s renewable energy critical components manufacturer Shandong Jianuo Electronics, marking the asset manager’s “first control buyout in China,” according to a statement. No details on the size and value of the acquired stake or immediate […]
Posted inUncategorized
Posted inGREEN HYDROGEN
Egypt details tax incentives aimed to boosting green hydrogen industry
Egypt greenlights green hydrogen incentives: The Egyptian Cabinet approved yesterday a package of incentives aimed at stimulating the country’s nascent green hydrogen industry and increasing FX inflows, according to a statement. Under the draft decision, companies implementing green hydrogen projects within five years and deriving a certain percentage of their financing from foreign lenders will […]
Posted inDEBT WATCH
Abu Dhabi’s Aldar Investment Properties plans USD 500 mn green sukuk issuance
Aldar’s debut green bond issuance has an initial price guidance: Abu Dhabi’s Aldar Investment Properties — a unit of Aldar Properties — plans to issue a USD 500 mn 10-year inaugural green sukuk bond next Wednesday, Reuters reports, citing a bank document. Initial price guidance for the bond, which comes under the company’s Green Framework, […]
Posted inFROM THE CLIMATE STORE
Mercedes-Benz debuts the all-electric EQS SUV in Abu Dhabi
Mercedes-Benz debuts electric SUV in UAE: Mercedes-Benz Cars Middle East made the regional debut of its all-electric EQS SUV during the Mobility Live 2023 conference in Abu Dhabi, according to a statement. A timeline on the EV’s rollout in the country and the wider MENA region has not been disclosed. The specs: The seven-seater EV […]
Posted inCLIMATE IN THE NEWS
Green hydrogen spells the end of region-specific energy dominance and the nuclear fusion market is set to cost USD tns
Don’t expect anyone to be the Saudi Arabia of green hydrogen: The ability to make hydrogen almost anywhere in the world will likely frustrate the aspirations of some nations to become the “Saudi Arabia of the green hydrogen era,” Bloomberg writes. The abundance of hydrogen’s raw materials globally makes shipping them over long distances unnecessary, […]
Posted inALSO ON OUR RADAR
Egypt wants to expand Belgian cooperation on renewables and Qatar is in talks with the US on green steel
Egypt looks to expand partnership with Belgian company Jan De Nul: Egyptian Electricity Minister Mohamed Shaker met with Belgian company Jan De Nul’s Managing Director Jan Pieter De Nul to discuss expanding cooperation in Egypt’s renewable energy sector, according to a statement. De Nul and Shaker discussed potential collaboration in the electricity interconnection projects with […]
Posted inAROUND THE WORLD
Stellantis will acquire stakes in hydrogen fuel cell firm and Canada is eyeing renewables cooperation in South Korea
Stellantis set to acquire stakes in hydrogen fuel cell company: Multinational automotive manufacturing corporation Stellantis will buy a 33.3% stake in hydrogen fuel cell designer and manufacturer Symbio — a JV between France’s Michelin and Faurecia — in 3Q 2023, Reuters reports. The value of the stake stands at EUR 150 mn (USD 165 mn) […]
Posted inCALENDAR
MAY 2023 16-18 May (Tuesday-Thursday): Seatrade Maritime Logistics Middle East, Dubai, UAE. 19-21 May (Friday-Sunday): G7 Hiroshima Summit, Hiroshima, Japan. 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): […]