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Biden’s Inflation Reduction Act is going to spike EV prices: Regulations under the Inflation Reduction Act to begin the immediate manufacture of EV components including chargers in US-based production plants are drawing concern from automakers, industry sources tell Reuters. The US currently lacks the domestic capacity to engage in full fledged EV production in line […]
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
Oman is plotting its country-wide hydrogen infrastructure
Oman plans to build out fully dedicated hydrogen infrastructure even though plans are still at an early stage, Zawya quoted Dii Desert Energy CEO Cornelius Matthes as saying this week on the World Hydrogen Leaders platform. France-based Geostock is currently evaluating the geological potential for underground storage in the country, Matthes said, adding that a […]
Posted inAROUND THE WORLD
Flotation Energy selected to develop 1.9 GW of offshore wind capacity
Scotland’s Flotation Energy was selected to develop two floating offshore wind stations with 1.9 GW generation capacity in Scotland, Reuters reported this week. Flotation Energy — fully acquired by Tokyo-based utility giant TEPCO Renewable Power in November — will develop the two offshore wind farms with Norway-based company Vårgrønn, with one set to become operational […]
Posted inCALENDAR
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. 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. 4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Masdar and Romania’s Hidroelectrica partner on renewables + Korea Western Power and EDF Renewables will co-develop Oman’s Manah 1 solar plant
Did you miss us? Enterprise Climate took a brief publication holiday last Thursday, which is why we were missing from your inbox, but we’re back with a packed issue this morning to make up for it. THE BIG CLIMATE STORY- UAE’s Masdar signed a joint cooperation agreement with Romanian state-owned utilities firm Hidroelectrica to deploy […]
Posted inUncategorized
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Posted inRENEWABLES
Masdar and Romania’s Hidroelectrica partner on wind energy and solar energy projects
Masdar partners with Hidroelectrica on solar and wind energy projects: UAE renewables giant Masdar signed a joint cooperation agreement with Romanian state-owned utilities firm Hidroelectrica to deploy offshore wind energy and floating solar energy projects totalling 2 GW in the country, according to a company tweet on Friday. The agreement was signed by UAE Vice […]
Posted inSOLAR
Oman’s OPWP awards 500 MW Manah 1 solar project to Korea Western Power Company and EDF Renewables
Oman’s OPWP picks developer for Manah 1 solar plant: Oman’s Power and Water Procurement Company (OPWP) has tapped Korea Western Power (KOWEPO) and French EDF Renewables to co-develop the 500 MW Manah 1 solar plant in Oman under a build-own-operate model, according to a company statement released last week. The details: The solar plant will […]
Posted inCLIMATE FINANCE
Egypt secures USD 7 bn World Bank loan to boost climate resilience + private-sector growth
The World Bank will lend Egypt USD 7 bn over the next five years to support climate action, among other objectives, according to a statement released last week. The Country Partnership Agreement, approved by the bank’s executive board last week, will see the International Bank for Reconstruction and Development (IBRD) extend USD 1 bn a […]
Posted inCLIMATE FINANCE
Egypt’s CIB partners with IFC on climate risk management framework
Egypt’s CIB entered into a partnership agreement with the International Finance Corporation (IFC) to jointly develop a climate risk management framework for the bank, according to a statement released last week. The details: The IFC advisory project will see both sides work on developing a screening and testing mechanism against climate risk to ensure the […]