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The International Finance Corporation (IFC) will invest USD 50 mn in Jordan Kuwait Bank’s planned five-year green bond issuance, according to a statement. The proceeds of the issuance will be directed towards the development of energy-efficient buildings, renewable energy plants, and electric vehicle projects in the country, the statement notes. The date of the green […]
Author Archives: enterpriseam admin
Posted inGREEN HYDROGEN
China eyeing mega green hydrogen plants in Egypt worth some USD 13 bn
China may pour up to USD 13 bn in Egypt’s green hydrogen sector: ChinaInternational Energy Group is exploring the possibility of establishing a USD 5-8 bn green hydrogen production plant in Egypt, according to a statement released on Saturday. The project’s timeline and targeted production volume were not made public. Another Chinese-Egyptian green fuels facility […]
Posted inSOLAR
Masdar expands into the Ivory Coast with a potential 70 MW solar plant
Masdar set to expand on renewables in West Africa: UAE renewable energy giant Masdar signed an agreement with the Ivory Coast’s Mining, Petroleum and Energy Ministry on Friday to explore the development of a solar power plant with a capacity between 50 MW and 70 MW, according to a company statement. No financial details were […]
Posted inSOLAR
Project update: Tunisia’s 100 MW solar plant to be finalized this year
Tunisia’s 100 MW Kairouan solar plant“will be ready” this year, Tunisian Energy Minister Neila Nouira Gongi said in an interview with Zawya (watch, runtime: 16:04). Her statements come nearly a year after Dubai-based renewable energy developer Amea Power was awarded a concession and power purchase agreement for the solar plant in March 2022. BACKGROUND- The […]
Posted inWATER
New investment platform to tackle water insecurity in Africa
Metito + BII launch Africa water investment platform: Metito and British International Investment (BII) launched yesterday the Africa Water Infrastructure Development (AWID), an investment platform targeting water infrastructure and provision in Africa. Metito is a Dubai-headquartered water management solutions provider and BII is the UK’s development finance institution and impact investor. About AWID: The joint […]
Posted inPOLICY
The global energy transition could yield more disputes in MENA
Climate change could trigger disputes in MENA: A survey by UK-based Law firm Pinsent Masons showed nearly a third of respondents forecasting the Middle East to see the most significant uptick in disputes on the back of climate change and energy transition, The Global Legal Post reported last week. The results of the energy arbitrations […]
Posted inUncategorized
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Posted inALSO ON OUR RADAR
UAE’s ENEC signs a letter of intent to boost exploration of commercial-scale hydrogen and ammonia production
UAE’s ENEC aims to boost development of renewables production: The Emirates Nuclear Energy Corporation (ENEC) signed a letter of intent with Idaho National Laboratory (INL) to boost development of nuclear energy and green hydrogen production, according to a statement released last week. ENEC and INL will work on the development of clean molecule generation systems […]
Posted inAROUND THE WORLD
OPEC Fund for International Development provides USD 25 mn loan to Niger to back renewables push
Niger’s renewables ambitions are getting a push: The OPEC Fund for International Development (OFID) will provide a USD 25 mn loan to back Niger’s Solar Plant Development and Electricity Access Improvement Project (RANAA) in a bid to boost renewables in the West African country, Wam reported last week. This brings the total financing to the […]
Posted inON YOUR WAY OUT
The lithium and copper in your single-use vape could find a second-life in an EV battery
Concern over waste from single-use vapes grows: 90 tons of lithium and 1.2k tons of copper have ended up in landfills last year alone due to waste from the booming single-use vape industry, The Financial Times reports, citing data from research group Euromonitor, consultancy ECigIntelligence, and nonprofit Material Focus. The disposable vape has become the […]