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Rakiza raises USD 1 bn fund to partly invest in renewables: Muscat-based investment company Rakiza has raised USD 1 bn in its first infrastructure fund to invest in renewables, among other sectors, in Oman and Saudi Arabia, according to a statement. What we know: The company has already allocated 25% of its capital into three […]
Author Archives: enterpriseam admin
Posted inELECTRIC VEHICLES
Renault’s Tangier plant will produce 120k hybrid EVs in 2024
French automaker Renault group says its Tangier plant in Northern Morocco will begin to manufacture the hybrid Dacia Jogger model in 2Q 2024, Morocco World News reports, referencing a company statement. The details: Renault Group’s Tangier manufacturing plant — launched in 2012 — will produce some 120k Dacia Jogger hybrid EVs once production is launched […]
Posted inUncategorized
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Posted inMOVES
Acwa Power appoints new CEO and managing director
Marco Arcelli (LinkedIn) will succeed Paddy Padmanathan as Acwa Power’s CEO after nearly two decades, according to a company statement released this week. Acwa Power announced Raad Al Saady (LinkedIn) would be assuming the position of vice chairman and managing director last week. The new appointments are a part of the company’s plans to expand […]
Posted inCLIMATE IN THE NEWS
Greenwashing is in the EU’s crosshairs
Greenwashing “is rampant” in the food sector with meat and dairy companies ranking as the top offenders, Bloomberg writes, citing a report (pdf) by Dutch group Changing Markets Foundation. The report found 53 examples of green claims on food products, pointing to misleading claims on the back of reduced packaging of beef jerky, seaweed-fed cows, […]
Posted inALSO ON OUR RADAR
Adnoc and Masdar team up on geothermal energy generation, Trina Solar supplies Yemen with 500 MW of solar panels, and Tabreed approves record dividends
Adnoc and Masdar to work on geothermal energy production: Abu Dhabi National Oil Drilling (Adnoc) signed a five-year non-binding agreement with UAE renewables giant Masdar to explore potential investment and development in the geothermal power sector, a company statement notes. Adnoc will serve as Masdar’s drilling technical expert for geothermal projects it is looking to […]
Posted inAROUND THE WORLD
The Bezos Earth Fund offers grants to tackle food security and emissions accountability
The Bezos Earth Fund (BEF) will provide grants totaling USD 34.5 mn to boost food security and enhance emissions accountability on a corporate level, according to a statement. BEF will allocate USD 9.9 mn for the Carbon Disclosure Project to boost corporate environmental impact disclosures, USD 9.25 mn for the GHP Protocol to standardize and […]
Posted inON YOUR WAY OUT
Egyptian startup TileGreen is turning plastic into tiles
Egyptian startup TileGreen will turn bns of plastic bags into interlocking outdoor paving tiles, Reuters reports. The company has recycled upward of 5 mn plastic bags at their factory in 10th of Ramadan City and aims to recycle more than 5 bn by 2025, co-founder Khaled Raafat tells the newswire. How does it work? Plastic […]
Posted inCALENDAR
MARCH 2023 27-29 March (Monday-Wednesday): First Meeting of the Transitional Committee in Egypt focusing on Adaptation and Loss and Damage. 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. […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Infinity Power acquires wind power platform Lekela
Good morning, friends. The pre-Ramadan deluge of news doesn’t appear to be slowing down, giving us regional updates across the board. THE BIG CLIMATE STORY- Infinity Power has completed its acquisition of Africa-based wind power platform Lekela Power, making Infinity Power the largest renewable energy company in Africa. We have all the details on this […]