Despite global bond market volatility, MENA green bonds and sukuk had a good year: MENA saw some major issuances of green and sustainability bonds and green sukuk in 2022, despite the region’s overall bond issuances remaining low. Investor appetite in green instruments was notably strong, and there are clear commitments from the region’s public and […]
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Germany is eyeing some Algerian hydrogen + Australia’s FFI is heading to Oman
Germany wants hydrogen from Algeria: Algeria’s state-owned oil producer Sonartech signed an MoU with German firm VNG AG to conduct feasibility studies for the construction of a 50 MW green hydrogen plant, Arab News reported. The agreement will see both parties explore the North African company’s green hydrogen and ammonia’s export potential, Sonartech stated. The […]
Forget cutlery — it’s eatlery now
Have your cake and eat the spoon too: The UAE’s Green Aura came up with “eatlery” in lieu of cutlery for a more sustainable F&B industry, Khaleej Times reported. The entirely vegan, baked cutlery is a mixture of cereal grains and “doesn’t disintegrate while you’re eating soup, rice or curry,” Green Aura CEO Pooja Ravinath […]
DECEMBER 26-28 December (Monday-Wednesday): KSA’s International Conference on Water Resources and Arid Environments, Riyadh, Saudi Arabia. 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, […]
TODAY: FRV reaches financial close on 10th Australian renewables project + Morocco passes law supporting electricity decentralization
Good morning, friends. If the dearth of big climate news in our neighborhood and the rest of the world is any indication, we’re well on our way to the typical end-of-year holiday news slowdown. THE BIG CLIMATE STORY- We have a couple of stories getting ink as we slide into 2023. Morocco’s House of Representatives […]
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Abdul Latif Jameel Energy’s FRV reaches financial close on 10th Australian renewables project
FRV reaches financial close on Australian solar farm: Fotowatio Renewable Ventures Australia (FRV) — a subsidiary of KSA’s Abdul Latif Jameel Energy and Environmental Services — reached financial close on its 300 MWac Walla Walla solar farm in New South Wales after securing a green loan, according to a press release. The unspecified amount was […]
Morocco passes law supporting electricity decentralization
Morocco makes decentralized electricity production law official: Individuals and businesses in Morocco will be allowed to generate, store, and sell their own electricity from renewables after Morocco’s House of Representatives unanimously approved a new bill on electricity self-production, according to a statement. While the bill aims to regulate electricity production for self-consumption, it also touches […]
2022 saw the GCC expansion into US, European renewable energy companies
The GCC’s appetite for Western renewables firms just kept growing: GCC sovereign wealth funds and private sector firms have embarked in 2022 on a “shopping spree” of acquisition and investment in renewables firms outside the MENA region — notably in Europe and the US — especially in the last quarter of the year. The UAE’s […]