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India wants to keep the spotlight on climate finance: India is likely to propose forming an expert G20 group to examine possible reforms to the World Bank to increase its climate lending capacity in middle and low-income countries during a G20 meeting in Bengaluru this week, Reuters reports, citing unnamed sources. Multilateral development bank (MDB) […]
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
UAE’s The National Bank of Fujairah and Yellow Door Energy ink agreement to refinance solar energy projects
The National Bank of Fujairah and Yellow Door Energy inked a facility agreement to refinance solar energy projects in the UAE, according to a statement. The MoU will refinance 31 operational solar energy stations in the UAE with a total capacity of 39 MW. The exact facility value was not disclosed, but it is said […]
Posted inAROUND THE WORLD
Scottish tidal power company breaks record with 50 GW of renewable energy generation
Scotland’s SAE Renewables broke a milestone becoming the first tidal power company to generate 50 GW of electricity off the coast of Scotland, according to a statement released this week. By comparison, total global generation from tidal sites is less than 50% of that amount, the statement notes. The company has four 1.5 MW turbines […]
Posted inON YOUR WAY OUT
Volkswagen eases employee anxiety over shift to EVs with escape room games
VW workers head to the escape room to alleviate EV shift anxiety: Volkswagen is easing its workers’ job security concerns over the shift to electric vehicles with company-organized escape room games, Bloomberg reports. The Sherlock Holmes-esque games see groups of four go into detective mode as they solve riddles and navigate rooms themed on electricity […]
Posted inCALENDAR
FEBRUARY 2023 27-28 February (Monday-Tuesday): The Annual Gulf Ins. Forum, Dubai, UAE. MARCH 2023 7-9 March (Tuesday-Thursday): Middle East Energy Exhibition, Dubai, UAE. 8-9 March (Wednesday-Thursday): Earthna Summit, Doha, Qatar. 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 […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: EFG Hermes’ Vortex Energy and London-based Zouk Capital invest in British EV charging company
Good morning, ladies and gents. The weekend is on the horizon and climate news from the region seems to be picking up. THE BIG CLIMATE STORY- British EV charging outfit EO Charging has received financial backing from EFG Hermes’ clean energy investment platform Vortex Energy and London-based private equity and infrastructure fund manager Zouk Capital […]
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Posted inINVESTMENT WATCH
EFG Hermes’ Vortex Energy + Zouk Capital make USD 80 mn equity investment in British EV charging company
Vortex Energy + Zouk Capital invest in British EV charging company: EFG Hermes Holding’s clean energy investment platform Vortex Energy and London-based private equity and infrastructure fund manager Zouk Capital will make an USD 80 mn equity investment in British EV charging company EOCharging, according to a joint statement (pdf). About EO Charging: Founded in […]
Posted inGREEN HYDROGEN
Japan’s IHI could invest in green hydrogen projects in Egypt, Oman
Japanese investment for Egypt, Oman green hydrogen projects? Tokyo-headquartered engineering firm IHI could invest in proposed green hydrogen and ammonia projects in Egypt and Oman under an agreement signed with Indian renewables company Acme Group. The MoU will see the two companies conduct feasibility studies into Acme’s planned projects in Egypt, Oman, India and the […]
Posted inGREEN STEEL
Interest is growing in green hydrogen-powered steel production — and MENA could play a leading role
As Europe races to decarbonize its steel industry, MENA could be poised to lead in “green” steel production: Europe’s steel players face big choices between now and 2030 on whether to invest in renewing heavily-polluting infrastructure or switch to carbon-cutting production processes, as they work to make good on decarbonization pledges, the BBC noted last […]