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The GCC’s Western renewables acquisitions trend is poised to continue in 2023: Among the key trends we noted in 2022’s MENA climate investment landscape was the push by sovereign wealth funds (SWFs) to snap up renewables assets outside the region — notably in Europe and the US. A report published on Sunday by data platform […]
Author Archives: enterpriseam admin
Posted inMACRO PICTURE
MENA’s state-owned companies are bearing the burden of the region’s decarbonization efforts
MENA’s state-owned enterprises are crucial to emission reduction efforts: Even with significant regional decarbonization efforts and MENA positioning itself strongly in the global climate discourse by hosting COP27 and COP28, 20 state-owned enterprises (SOEs) in MENA generate more carbon emissions than the whole of Canada, according to research by the World Economic Forum (WEF). These […]
Posted inUncategorized
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Posted inAROUND THE WORLD
Germany’s misses decarbonization target for 2022
Auf Wiedersehen, 2022 decarbonization goal: Germany’s energy consumption dropped 4.7% y-o-y, but a reliance on coal and oil due to natural gas shortages more than canceled out the reduced energy consumption’s effect on the country’s emissions, Reuters reports, citing research by Berlin-based green think tank Agora Energiewende. The increase in coal and oil use comes […]
Posted inKUDOS
Egypt PV project wins best sustainable energy provider award from International Finance Magazine
Egypt’s solar panel project lands international award: The Egyptian government’s Egypt PV program — which offers cash incentives to businesses and individuals looking to implement small-scale solar energy systems — bagged the International Finance Magazine’s most sustainable energy provider in Egypt award for 2022, according to a statement. Egypt PV won the British Energy Institute’s […]
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: Dubai’s 250 MW hydroelectric power plant will be operational by the end of 2024 + Masdar teams up with Germany on a green hydrogen plant in the UAE
Good morning, nice people. We had a jam-packed issue for you yesterday, but this morning is proof that the new year lull is still in full swing as the region prepares to dive into 2023. The dearth of climate news is instead giving way to a look ahead at what the year is expected to […]
Posted inUncategorized
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Posted inGREEN HYDROGEN
Masdar will partner with Germany’s Uniper on a green hydrogen plant
UAE’s Masdar partners with Uniper to build a green hydrogen plant: Emirati renewable energy firm Masdar will partner with Germany’s Uniper to develop a green hydrogen plant in the UAE powered by 1.3 GW of solar energy, Bloomberg reported on December 22. The plant is expected to generate green hydrogen by 2026 and the EU […]
Posted inHYDROPOWER
Dewa’s 250 MW hydroelectric power plant will be operational by 4Q 2024
Dewa’s first-of-its-kind hydroelectric plant has a completion timeline: The Dubai Electricity and Water Authority’s 250 MW hydroelectric power plant is 58.5% completed and slated to become operational in 4Q 2024, according to a statement. The plant cost USD 387 mn (AED 1.4 bn) and will have an energy storage capacity of 1.5 GWh with an […]