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A battery craze is all over Australia: A transition from coal-fired power in Australia to cleaner alternatives is causing a boom in battery energy storage system (BESS) projects to store renewable energy, Bloomberg reports. Australia has at least 250 battery projects in the pipeline with a capacity of c. 130 GWh, coming next after battery-manufacturer […]
Author Archives: enterpriseam admin
Posted inCALENDAR
MARCH 2023 12-16 March (Sunday-Thursday): Oman Sustainability Week, Oman Convention and Exhibition Centre (OCEC), Muscat. 14-16 March (Tuesday-Thursday): Arab Aviation Summit (AAS), Al Hamra International Exhibition & Conference Centre, Ras al Khaimah, UAE. 15-19 March (Wednesday-Sunday): Qatar International Agricultural and Environmental Exhibition, Doha, Qatar. 20-21 March (Monday-Tuesday): Copenhagen Climate Ministerial. 27-29 March (Monday-Wednesday): First Meeting […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: South Korea’s official export credit agency inks loan agreement with Aramco
Good morning, nice people. We’re only one day away from the weekend and the regional news pace seems to be picking up pace. THE BIG CLIMATE STORY- Saudi energy giant Saudi Aramco finalized a USD 6 bn framework agreement with South Korea’s official export credit agency the Export-Import Bank of Korea to support development projects […]
Posted inUncategorized
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Posted inDEBT WATCH
Export-Import Bank of Korea signs a USD 6 bn agreement with Aramco
South Korea loans Saudi Aramco USD 6 bn for MENA development boom: Saudi energy giant Aramco finalized a USD 6 bn framework agreement with South Korea’s official export credit agency The Export-Import Bank of Korea to support development projects in MENA, South Korean news agency Yonhap reports. USD 1 bn of the financing will be […]
Posted inINVESTMENT WATCH
ADQ, IHC partner up to form MENA’s largest largest asset management firm
There’s a new asset management firm on the regional block: Abu Dhabi Sovereign Wealth Fund (ADQ) is set to launch MENA’s largest independent multi-asset investment manager with Abu Dhabi-based conglomerate International Holding Company (IHC), according to a statement. The partnership would bring in leading global equity investor General Atlantic to join in as a strategic […]
Posted inUncategorized
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Posted inFROM THE CLIMATE STORE
Check out Sahara, an off-grid solar generator made in the GCC
Sahara — KSA’s answer to off-grid sustainable energy: Manufactured in a Jeddah factory, Desert Technology’s (DT) solar generator Sahara is an off-grid containerized solar generator (CSG) that provides sustainable, affordable access to electricity in remote areas with quick and easy installation. The solar generator is designed as a standalone microgrid to provide small businesses, households, […]
Posted inCLIMATE IN THE NEWS
Can blooming seaweed be used to store carbon?
A sargassum bloom is no good news: A large mass of brown seaweed sargassum is extensively stretching across the Atlantic Ocean, ringing alarm bells over its harmful impact on climate and the pace at which it is blooming, The Guardian reported. The benign seaweed is known to harm coastal wildlife and fish and negatively impact […]
Posted inALSO ON OUR RADAR
Morocco’s UM6P partners with France’s Capgemini to research hydrogen storage
Morocco’s UM6P University has a new green innovation partner: The Mohammed VI Polytechnic University (UM6P) inked an MoU with French engineering firm Capgemini Engineering to exchange knowledge on the solid-state storage of hydrogen and its integration within vehicles, according to a UM6P LinkedIn post. The new partnership is an additional step in the university’s interest […]