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A new green hydrogen plant in Morocco? Chinese state-owned energy firm China Energy Engineering Corporation inked a non-binding agreement with Morocco’s Gaia Energy and Saudi Arabia’s Ajlan & Bros to jointly build a green hydrogen production facility in Morocco, Morocco World News reported on Friday. No financial details or a timeline were disclosed. The details: […]
Author Archives: enterpriseam admin
Posted inCLIMATE DIPLOMACY
The UN’s Green Climate Fund gets USD 1 bn in funds from the US
US gives UN’s Green Climate Fund a big boost: The US will contribute USD 1 bn to the UN’s Green Climate Fund (GCF) in an effort to help countries reach their climate targets, US President Joe Biden said at the Major Economies Forum on Energy and Climate (MEF) on Thursday, according to a statement. The […]
Posted inMOVES
UAE’s Tabreed appoints new chief legal counsel and chief development officer
Fresh appointments at Tabreed: The UAE’s National Central Cooling Company (Tabreed) has appointed Nadia Bardawil (LinkedIn) as its new chief legal counsel and Philippe Coquelle (LinkedIn) as chief development officer, according to a disclosure (pdf) to DFM. Bardawil, the first woman member of the company’s executive management team, served last as a senior legal advisor […]
Posted inCLIMATE IN THE NEWS
Floating wind farms set to compete with land installations by 2035
Can floating wind farm developments become cost competitive? Continued inflation and shortages in key components needed for manufacturing floating wind farms may be resolved as the cost for floating wind is predicted to fall nearer to fixed wind installations by 2035, Reuters reports. The average levelized cost of energy (LCOE) — which compares the lifetime […]
Posted inALSO ON OUR RADAR
UAE’s Terrax imports tech to turn landfill waste into plywood + UAE’s Lootah is taking its biofuel production overseas
UAE’s Terrax is importing a new technology from Brazil to recycle waste into plywood materials in a bid to support sustainable construction, the National reported on Sunday. The new tech will allow unwashed and unsegregated waste to be transformed into any product, the outlet notes, including decking boards, formwork, shuttering, pergolas, and cladding for houses. […]
Posted inAROUND THE WORLD
EBRD is helping finance Albania’s largest solar plant, Sweden’s H2 Green Steel is fundraising for zero carbon steel plants, and Australia is lining up a green bond framework
EBRD helps finance Albanian solar power: The European Bank for Reconstruction and Development (EBRD) will lead the financing of Albania’s 140 MW Karavasta solar plant — set to be the largest in the country, according to a statement released on Monday. The EBRD is anchoring the project’s EUR 99 mn financing structure and will lend […]
Posted inCALENDAR
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. […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Taqa raises USD 1.5 bn in dual-tranche green bond issuance
Good morning, friends. The climate news cycle seems to be slowing down as Ramadan winds to a close, giving us the last few regional climate finance updates to dive into. A quick programming note: Enterprise Climate will be off from tomorrow until next Tuesday, 25 April in observance of the Eid El Fitr. We’ll be […]
Posted inUncategorized
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Posted inDEBT WATCH
Taqa raises USD 1.5 bn in 10x oversubscribed dual-tranche green bond issuance
The UAE’s state-owned Abu Dhabi National Energy Company (Taqa) has raised an aggregate USD 1.5 bn in its dual-tranche green bond issuance, according to a disclosure to the Abu Dhabi Securities Exchange (pdf). This is the first green bond issuance under guidelines from Taqa’s new Green Finance Framework issued earlier this month, and the company’s […]