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Posted inUncategorized
Author Archives: enterpriseam admin
Posted inM&A WATCH
Infinity Power acquires wind power platform Lekela as part of expansion plans
Infinity Power is now Africa’s largest renewables player: Infinity Power — a joint venture between our friends at Infinity and UAE renewables player Masdar — has closed its acquisition of Africa-focused wind power platform Lekela Power, according to a press release (pdf). The transaction gave Lekela an enterprise value of USD 1.5 bn, the parent […]
Posted inDISTRICT COOLING
Empower will provide district cooling services to Dubai’s Sobha Hartland project
Empower set to cool Sobha Hartland luxury real estate development: Emirates Central Cooling Systems (Empower) signed an agreement with real estate developer Sobha Realty to provide district cooling services for eight of Sobha Harland’s buildings in Dubai, it said in a disclosure (pdf) to the Dubai stock exchange. The firm will extend its distribution network […]
Posted inWASTE MANAGEMENT
Egypt’s SCZone partners with Greece’s V Group on waste management facility
Egypt and Greece’s V Group will establish a waste management plant: Egypt’s Suez Canal Economic Zone (SCZone) and Greek waste management company Antipollution — a subsidiary of marine services company V Group — will form a joint stock company named Antipollution Egypt to establish of a waste treatment plant in Egypt’s SCZone, according to a […]
Posted inELECTRIC VEHICLES
UAE’s Al Futtaim Group launches new EV-focused company
The UAE’s Al Futtaim Group launches new EV-focused company: UAE-based retail giant Al Futtaim Group has established an EV-focused company named Electric Mobility Company that combines an EV dealership, charging stations, and an after-sales hub for the country’s EV market, according to a company statement. Al Futtaim already secured an EV supplier: The new company […]
Posted inRENEWABLES
Project Update: Acwa Power’s renewables agreements in Uzbekistan are bigger than previously reported
More details on Saudi’s Acwa Power Uzbekistan renewables plans: Saudi renewables developer Acwa Power signed three power purchase agreements totaling USD 2.5 bn with the National Electric Grid of Uzbekistan and the country’s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three battery energy storage (BESS) units totalling a capacity […]
Posted inELECTRIC VEHICLES
Canada’s VPorts to establish eVTOL “vertiport” at UAE’s Ras Al Khaimah airport
Vports is setting up an eVTOL “vertiport” at Ras Al Khaimah Airport: Canadian air mobility infrastructure developer Vports signed an MoU with UAE’s Ras Al Khaimah (RAK) Airport to build and operate a micro-scale airport — known as “vertiports” — designed for electric vertical take-off and landing (eVTOL) aircrafts, according to a company statement (pdf). […]
Posted inUncategorized
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Posted inMOVES
Tabreed appoints Ali Al Rumaihi as new Tabreed Bahrain manager
UAE’s district cooling company Tabreed has appointed Ali Al Rumaihi (LinkedIn) as the manager of Tabreed Bahrain, according to a statement released this week. Al Rumaihi will be in charge of growing Tabreed Bahrain’s district cooling portfolio in addition to managing the company's existing clients including Bahrain World Trade Centre, Bahrain Financial Harbour, Reef Island, […]
Posted inALSO ON OUR RADAR
An all-electric ship manufacturing plant is heading to Dubai + Emiratis prefer sustainable tourism
UAE’s Crown Electric Ships And Boats is planning to establish a Dubai-based manufacturing facility to produce all-electric boats and yachts, according to a company statement. The company has already secured an initial investment agreement worth USD 10 mn with Kuwait’s Badr Sultan group for the supply of a variety of zero-emissions ships, including cabin cruisers […]