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Egypt’s KarmSolar secures funding for new microgrid: Egypt’s cleantech firm and electricity distributor KarmSolar has secured a EGP 83 mn (USD 3 mn) loan from HSBC for the first phase of its new Farafra solar grid in the Western Desert, according to a statement (pdf). Egypt-based debt advisory firm Ezdaher Financial Advisory consulted on the […]
Author Archives: enterpriseam admin
Posted inRENEWABLES
Masdar’s Central Asian expansion continues with Kyrgyzstan energy projects
Masdar signs renewables agreement with Kyrgyzstan: UAE renewables player Masdar has signed an agreement with Kyrgyzstan's energy ministry to develop clean energy projects with a total capacity of up to 1 GW in the Central Asian country, according to a statement. No information was given on the size of Masdar’s prospective investment in the projects. […]
Posted inGREEN HYDROGEN
South Korea will get a whole lot of hydrogen from MENA in coming years
The South Korean government is planning to import green hydrogen from the UAE by 2027, Business Korea reports. The announcement comes ahead of South Korean president Yoon Suk Yeol’s planned visit to the UAE next Saturday to attend the World Future Energy Summit, Wam reports. How much hydrogen are we talking about? The country is […]
Posted inALSO ON OUR RADAR
Shell snaps up a 35% share in the Green Energy Oman project, partners with OQ on green hydrogen
OQ enters into a green hydrogen production agreement with Shell: Oman’s OQ signed an agreement yesterday with Oman Shell to jointly produce some 1.8 mn tons of green hydrogen in Oman following Shell’s acquisition of a 35% stake in the country’s planned Green Energy Oman project, according to the Times of Oman. The timeline and […]
Posted inCALENDAR
JANUARY 2023 10-12 January (Tuesday-Thursday): The Future Minerals Forum, Riyadh, Saudi Arabia. 12 January (Thursday): Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future Forum, Bahrain. 13 January (Friday): The International Renewable Energy Agency’s Youth Forum, Abu Dhabi, UAE. 14-21 January (Saturday-Saturday): Abu Dhabi Sustainability Week, Abu Dhabi, UAE. 14-15 (Saturday-Sunday): Global […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Adnoc and OCP earmark bns in a decarbonization push + Saudi Arabia on track to recycle 40k tons of e-waste by next year
Good morning, wonderful people. The world has woken up from the lull of the past few weeks and we have a slew of regional updates for you. Let’s dive right in. THE BIG CLIMATE STORY- The UAE's Adnoc and Morocco’s OCP are investing USD bns in decarbonization efforts in the next few years, pivoting to […]
Posted inUncategorized
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Posted inDECARBONIZATION
Adnoc sinks bns in a massive decarbonization push
The UAE’s state-owned Abu Dhabi National Oil Company (Adnoc) intends to allocate USD 15 bn to decarbonization projects by 2030, it announced in a statement on Thursday. The projects include investments in clean power, carbon capture and storage (CCS), electrification, and energy efficiency. Adnoc plans to expand its carbon capture capacity to 5 mn tons […]
Posted inDECARBONIZATION
And not to be outdone, Morocco’s OCP Group is coughing up USD bns too
OCP Group’s strategic plan will cost bns and “greenify” operations: Morocco’s state-owned OCP Group — which mines phosphate, manufactures phosphoric acid, and produces fertilizer — recently announced it will invest some USD 13 bn in a strategic program for 2023-27 to greenify its operations, Morocco World News reports. Under the new program, OCP seeks to […]
Posted inWASTE MANAGEMENT
Saudi Arabia gets electronic waste recycling facilities
Saudi Arabia is getting electronic waste recycling facilities: Saudi-based recycling company Tadweeer signed a USD 11.36 mn agreement with KSA-based firms Tebrak Trading & Contracting Company and Mounes Mohamed Alshayeb for Civil Construction for the development of e-waste repurposing plants in the Kingdom, Tabreed disclosed in a Tadawul filing last week. The agreement will expire […]