Egypt and Greece’s finance ministers signed an MoU to launch periodic dialogue in technical and financial cooperation, including interconnection plans, according to a statement. Egyptian Finance Minister Mohamed Maait expressed interest in boosting cooperation with Greece in various fields including renewable energy, with the possibility of establishing a new electrical interconnection between the two countries […]
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Dewa secures the UAE’s Research and Innovation Award
DEWA bags UAE Energy and Infrastructure Ministry’s research and innovation accolade: The Dubai Water and Electricity company secured first place in the UAE energy and Infrastructure Ministry’s Research and Innovation Award in the government sector for its grid-integrated system, which regulates solar panel inverters and optimizes grid efficiency, Wam reports. Saudi’s Sabic picks up five […]
Tunisian food tech startup Kumulus nabs support from the EBRD + UAE researchers are developing geothermal energy storage tech
Tunisian startup tops EBRD’s AgVenture startup competition: Tunisian green tech startup Kumulus Water earned a prize package worth EUR 90k from The European Bank for Reconstruction and Development (EBRD), according to a statement. The food tech startup will receive tailored advisory support worth EUR 80k and a EUR 10k grant to help the company expand […]
Greenpeace takes on the UK government over issuing new North Sea oil exploration licenses
London's High Court has granted Greenpeace’s request to challenge the British government over granting new licenses for oil and gas exploration in the North Sea, Reuters reports. The challenge will now proceed to a full hearing, with Greenpeace challenging the government and oil and gas regulator North Sea Transition Authority to justify the expansion of […]
APRIL 2023 29-30 April (Saturday-Sunday): First COP27 transitional committee workshop, Bonn, Germany. MAY 2023 1-4 May (Monday-Thursday): Arabian Travel Market, Dubai, UAE. 2-7 May (Tuesday-Sunday): Salon International de l’Agriculture au Maroc (SIAM), Meknes, Morocco. 3-4 May (Wednesday-Thursday): 13th Arbois and Mediterranean Round Tables, Marseille, France. 4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference, Istanbul, Turkey. […]
TODAY: Saudi Arabia’s Acwa Power secures fresh financing for Egyptian and Uzbekistani renewables projects
Good morning, friends. We hope you enjoyed your Eid break as much as we did. It’s a busy morning on the climate front in our region, so let’s dive right in. THE BIG CLIMATE STORY- Saudi renewables giant Acwa Power received green loans totaling USD 123 mn from several multilateral lenders for its 200 MW […]
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KSA’s Acwa Power lands fresh financing for projects in Egypt and Uzbekistan
Acwa Power secures green loans for Egyptian solar project: Saudi renewables giant Acwa Power received green loans totaling USD 123 mn from several multilateral lenders for its planned USD 165 mn 200 MW solar farm in Egypt’s Kom Ombo, according to a company statement. The solar farm is expected to be commercially operational in 3Q […]
China’s BTR will invest USD 1.2 bn in a EV battery components facility in Morocco
Another W for Morocco’s EV sector: Chinese EV battery components maker BTRNew Material will invest MAD 13 bn (USD 1.2 bn) to establish a production facility in Morocco per a signed MoU with the country’s Investment Ministry and the Moroccan Agency for Investment and Export Development (AMDIE), Asharq Business reported on Saturday, citing a ministry […]
Saudi’s Sabic sends first green ammonia shipment to Japan
Saudi’s Sabic sends first ammonia shipment to Japan: Saudi chemical manufacturer Sabic Agri-Nutrients sent its first low-carbon ammonia shipment to Japan last Friday, Reuters reported. The low-carbon green fuels — produced by the Saudi company using feedstock from KSA oil giant Aramco — were transported to Japanese offtaker Fuji Oil Company (FOC) via Tokyo-based transport […]