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Almost all growth in electricity demand in the next three years will be covered by low-emissions sources and nuclear power, the International Energy Agency (IEA) forecasts in a new report (pdf). Global electricity demand is expected to grow at an average annual clip of 3% through to 2025, with over 70% of demand increase coming […]
Author Archives: enterpriseam admin
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 inON YOUR WAY OUT
Ford and Red Bull Powertrains will supply two Formula 1 teams with hybrid race car engines in 2026
Ford and Red Bull Powertrains are partnering up to develop a hybrid power unit engine for two Formula 1 racing teams ahead of the 2026 season, according to a company statement. Ford will contribute its expertise in battery cell, electric motor technology, power unit control software, and analytics, the statement notes. The details: The unit […]
Posted inCALENDAR
FEBRUARY 2023 4-9 February (Saturday-Thursday) International Association for Energy Economics’ International Conference, Riyadh, Saudi Arabia. 6-8 February (Monday-Wednesday): Saudi International Marine Exhibition and Conference, Riyadh, Saudi Arabia. 7 February (Tuesday): Cairo Forum for Sustainable Maritime Transportation Funds, Cairo, Egypt. 13-15 February (Monday-Wednesday): World Government Summit 2023, Dubai, UAE. 21-23 February (Tuesday-Thursday): World Environment, Social and […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: PIF has a new USD 5.5 bn green bond sale in the pipeline + Neom’s price tag jumped
Good morning, friends. What we thought was looking like a turtle pace in the news realm did an about-turn with some big updates coming out of KSA. THE BIG CLIMATE STORIES- Saudi Arabia’s sovereign wealth fund is reportedly planning to tap green debt markets for the second time in four months with a fresh USD […]
Posted inUncategorized
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Posted inDEBT WATCH
PIF is prepping its second green bond sale
KSA’s PIF plans fresh USD 5.5 bn green bond issuance: The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, is reportedly planning to sell USD 5.5 bn of green bonds, Reuters reports, citing an investment bank working on the issuance. The planned sale would be PIF’s second green bond issuance in four months, the […]
Posted inINVESTMENT WATCH
Neom’s mega green hydrogen plant’s price tag went up by USD 3.5 bn
Neom’s mega green hydrogen project needs more capital: Saudi Arabia’s Neom green hydrogen project — a JV between Neom, US-based gas supplier Air Products and Saudi Arabia’s Acwa Power — will need additional capital injections to the tune of USD 3.5 bn, Air Products said in its 1Q 2023 earnings call, according to a transcript […]
Posted inRENEWABLES
Masdar sets up shop in Azerbaijan + the UAE’s Taqa may lend a hand with transmitting renewable energy
UAE renewables developer Masdar is expanding operations in Azerbaijan by establishing a base of operations in Baku, according to a company statement. The new base is part of the company’s plan to expand operations in the country and increase its capacity and scope of work in the country, Chairman Sultan Al Jaber says in the […]
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 […]