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APRIL 2023 6 April (Thursday): Arabia CSR Awards 2022 Clinic (online). 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 l’Agriculture au Maroc (SIAM), […]
Author Archives: enterpriseam admin
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Saudi Electricity's dual-tranche green sukuk issuance draws big interest + Egypt’s 500 MW Ras Ghareb wind farm achieves financial close
Good morning, friends. The news cycle shows no signs of slowing down, bringing us plenty of regional updates from across several sectors. THE BIG CLIMATE STORIES- Saudi Electricity’s dual-tranche green sukuk issuance is drawing huge demand, pulling in over USD 15 bn of subscriptions. Over in Egypt, Red Sea Wind Energy (RSWE) — a JV […]
Posted inUncategorized
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Posted inDEBT WATCH
Saudi Electricity Company kicks off USD 2 bn 10-year green sukuk + 30-year conventional bond offering
The Saudi Electricity Company pulled the trigger on a fresh dual-tranche issuance of USD-denominated green and conventional sukuk, according to a Tadawul filing yesterday. The sale, which closes today, includes 10-year green sukuk and 30-year conventional notes, the filing says. By the numbers: While the company did not specify the total value of its issuance […]
Posted inWIND
Egypt’s 500 MW Ras Ghareb wind farm achieves financial close
Financing is locked in for Egypt’s Ras Ghareb wind farm: The Red Sea Wind Energy (RSWE) — a JV between Orascom Construction (OC), Japan’s Toyota Tsusho Corporation/Eurus Energy Holdings Corporation, and France’s Engie — has achieved a financial close for a 500 MW wind farm near Egypt’s Ras Ghareb, according to a joint statement (pdf). […]
Posted inDECARBONIZATION
OQ tapped to lead Oman’s oil and gas decarbonization efforts
OQ the decarbonization king? Oman’s state energy company OQ has been mandated by the country’s Energy and Minerals Ministry to help decarbonize oil and gas concessions and industrial clusters nationwide by supplying clean energy, the company said in its 2022 annual report (pdf). The mandate is part of the ministry’s efforts to push for decarbonization […]
Posted inINVESTMENT WATCH
UAE’s Hotpack Global will establish Saudi Arabia’s largest eco-friendly food packaging project
A new food packaging industry project for KSA: The Saudi Investment Ministry signed an investment agreement with UAE-based leading food packaging manufacturer Hotpack Global to set up one of the country’s biggest eco-friendly food packaging industry projects, the ministry said on Twitter. Financial details on the amount of funding or a timeline for kicking off […]
Posted inDISTRICT COOLING
Dubai approves contract management regulations on district cooling
The Dubai Supreme Council of Energy (DSCE) has approved the final stage of laws regulating district cooling in the Emirate of Dubai, Wam reports. The laws aim to ensure contract efficiency between customers and service providers in Dubai’s district cooling sector to ensure cooling energy is produced and distributed at an appropriate cost, according to […]
Posted inCLIMATE DIPLOMACY
Dewa + China want more energy cooperation
Dewa explores Chinese support on energy: Dubai Electricity and Water Authority (Dewa) CEO Saeed Mohammed Al Tayer and Vice Consul General of China in Dubai Liu Zhengjie met to discuss potential cooperation in energy and infrastructure, Wam reports. The two parties explored potential avenues for the authority and a number of unnamed Chinese companies to […]
Posted inALSO ON OUR RADAR
KSA’s Red Sea Project taps Germany’s ILF Consulting Engineers to build net-carbon multi-utility system
Some progress for Saudi’s RSP: Saudi Arabia’s luxury Red Sea Project (RSP) has tapped Germany-based ILF Consulting Engineers as an independent engineer for the construction of its USD 1.5 bn multi-utility system, Zawya reported. The RSP — developed by Red Sea Global, a global multi-project developer fully owned by Saudi Arabia’s sovereign wealth fund (PIF) […]