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Author Archives: enterpriseam admin
Posted inDEBT WATCH
The IFC will extend a EUR 100 mn green loan to OCP for solar projects
OCP lands funding IFC for solar projects: The International Finance Corporation (IFC) approved a green loan worth EUR 100 mn to Moroccan state-owned fertilizer and phosphate giant OCP Group to help finance the development of four solar plants yielding 202 MW, Morocco World News reports. The four plants would be located at OCP’s mining sites […]
Posted inSOLAR
Masdar achieves financial close on Central Asia’s largest solar development project
PROJECT UPDATE- UAE renewables giant Masdar has achieved financial close on three solar photovoltaic projects in Uzbekistan, according to a statement released on Thursday. Construction on the three projects in Sherabad, Samarkand, and Jizzakh is set to begin in 1H 2023, with the plants going live in 2024. The solar projects have a combined capacity […]
Posted inINVESTMENT WATCH
Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups
Bidra nets funds for sustainability, energy transition: US-based agritech fund BidraInnovation Ventures has secured USD 200 mn in funding from Morocco’s Mohammed VI Polytechnic University (UM6P) and leading Moroccan fertilizer giant OCP Group to back climate-focused startups, according to a statement released last week. The latest funding round comes a year after the same investors […]
Posted inHYDROPOWER
Saudi Fund for Development lends USD 240 mn to finance Pakistan’s Mohmand Hydropower Dam project
Saudi development fund is financing Pakistan’s 800 MW hydropower dam: The Saudi Fund for Development (SFD) — a government institution that provides loans for development projects — has signed off on a USD 240 mn soft loan to finance Pakistan’s Mohmand Hydropower Dam Project, Saudi Press Agency reported on Friday. The project is expected to […]
Posted inCLIMATE DIPLOMACY
UAE + Serbia talk joint development in renewables and clean energy
UAE and Serbia talk renewables: The UAE’s Foreign Affairs and International Cooperation Minister Sheikh Abdullah bin Zayed sat down with Serbia’s Prime Minister Ana Brnabić last week in Belgrade to discuss potential joint development ventures in renewables and clean energy, the economy, trade, and education, The National reported last week. Serbia is keen on building […]
Posted inALSO ON OUR RADAR
Dewa set to launch a nanosatellite to optimize power networks, UAE ramps up cloud seeding, LG sources lithium from Morocco + UAE and KSA expand on EVs
DEWA to launch a nanosatellite this month: The Dubai Electricity and Water Authority (DEWA) has completed preparations to launch a nanosatellite intended to support the digitalization of the country’s power networks and facilitate the roll-out of smart grids and EV charging stations, Wam reports. The nanosatellite — developed with Lithuania’s spacecraft engineering company NanoAvionics — […]
Posted inAROUND THE WORLD
Eritrea gets a grant for 30 MW solar plant, Germany invests bns in upgrading port for clean energy, and China + India kick off agreements on green hydrogen
Eritrea lands funding for solar plant: The African Development Fund (ADF) has approved a USD 49.92 mn grant for a 30 MW solar power plant and a battery energy storage system in Eritrea, according to a statement released on Thursday. The grant consists of USD 19.5 mn from the ADF and USD 30.42 mn from […]
Posted inCALENDAR
APRIL 2023 15-16 April (Saturday-Sunday): G7 Ministers’ Meeting on Climate, Energy, and Environment, Sapporo, Japan. 18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE. 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 […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: OIH approves investments in EVs + France’s TotalEnergies, Iraq finalize agreement on energy projects
Good morning, wonderful people, and happy Thursday. We’ve reached the halfway point in Ramadan and are looking forward to a restful week, but first… THE BIG CLIMATE STORY- Orascom Investment Holding’s board of directors approved investments in EVs and a trading platform to boost intra-Africa trading and logistics services in Egypt this week, and over […]