Climate (MENA) 
MENA+ Edition 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Good morning, wonderful people, and welcome to a busy start to the week. We have a raft of regional updates to get through so let’s dive right in. THE BIG CLIMATE STORY- Saudi renewable energy giant Acwa Power has signed a USD 2.5 bn power purchase and investment agreement with Uzbekistan's Energy Ministry to develop […]
Author Archives: enterpriseam admin
Posted inSOLAR
Acwa Power is upping its renewables game in Uzbekistan
KSA’s Acwa Power will develop two solar plants with battery storage in Uzbekistan: Saudi renewable energy giant Acwa Power signed a USD 2.5 bn power purchase and investment agreement (PPA) with Uzbekistan's Energy Ministry to develop two solar stations and three storage facilities, Reuters reported on Saturday. The two solar stations will have a combined […]
Posted inRENEWABLES
Eni, UAE’s Adnoc agree strategic partnership on renewable energy projects
Eni is tapping into UAE’s renewables: Italian energy giant Eni signed a MoU with UAE’s state oil giant Abu Dhabi National Oil Co (Adnoc) for cooperation on future energy transition projects including green hydrogen and carbon capture, according to a statement released on Saturday. The agreement comes as Italy tries to forge closer ties with […]
Posted inELECTRIC VEHICLES
Turkey slaps higher customs duty on Chinese EVs to boost production at home
Turkey preps for its local EV with a customs slap on China: Turkey will impose a 40% customs duty on Chinese electric vehicles in a bid to promote its first locally-produced electric vehicle, Bloomberg reported on Friday, citing a decree in Turkey’s Official Gazette(pdf). The government has supported the Automobile Joint Venture Group (Togg) with […]
Posted inGREEN HYDROGEN
Japan’s Marubeni, PIF will explore setting up a green hydrogen plant in KSA
Marubeni scouts green hydrogen plant with KSA’s PIF: Japanese trading and investment conglomerate Marubeni signed an agreement with Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) to jointly conduct a feasibility study for a green hydrogen production facility in KSA, according to a company statement released last week. The location, timeframe, and financials […]
Posted inSOLAR
Oman’s OPWP will award two new solar projects to foreign investors
Oman’s Power and Water Procurement Company (OPWP) has received approval to award the Manah 1 and 2 solar energy projects to foreign investors, Oman Daily reported last week. The two projects will contribute a total of 1 GW to the national grid, each yielding 500 MW. The total cost of the two projects will amount […]
Posted inEARNINGS WATCH
Acwa Power reports a 103% increase in net income for 2022
Saudi Arabia’s Acwa Power reported SAR 1.5 mn in net income in 2022, rising 103% y-o-y, according to the company’s earnings release. The uptick in net income came on the back of “higher operating income before impairment and other expenses,” along with lower impairment losses compared to 2021 and revenues generated under Acwa’s settlement of […]
Posted inUncategorized
** SHARE ENTERPRISE CLIMATE WITH A FRIEND ** Don't let your friends miss out on Enterprise Climate. Point them to our subscription page here so they're up to date on the latest green economy news from MENA. Enterprise Climate is available without charge and delivered straight to your inbox Monday-Thursday at 6am UAE / 5am […]
Posted inALSO ON OUR RADAR
Algeria launches tenders for 15 solar plants + Neom and Ma’aden receive gov’t incentives
Algeria launches tender for 15 solar plants: Algeria’s Sonelgaz Renewable Energies — a subsidiary of state-owned Sonelgaz — has launched a tender for the construction of 15 solar plants with a total capacity of 2 GW, according to a company statement released last week. The company says the submission of tenders and the opening of […]
Posted inAROUND THE WORLD
China is still committed to coal burning as global emissions reach a record high
China says coal is here to stay: Top coal consumer China will maintain dependence on coal despite Beijing expanding in the clean energy industry, Chinese Prime Minister Li Keqiang said at the National People’s Congress yesterday, according to Bloomberg. China mines and burns half the world’s coal, with the premier touting the benefits of the […]