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Vortex Energy invests another EUR 46 mn of equity capital in Spain’s Ignis Energia: EFG Hermes’ clean energy investment platform Vortex Energy has invested EUR 46 mn of equity capital investment in Spain’s integrated renewables group Ignis Energia, Egyptian media outlet Al Borsa stated yesterday. The investment was made through the Vortex Energy IV Fund […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE CLIMATE WITH A FRIEND ** Don't let your friends to 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 / […]
Posted inTHE GREENTECH CORNER
Is nuclear fusion now a reality?
A nuclear fusion breakthrough could spell good news for clean energy — and MENA: Scientists at a California lab have reportedly made a breakthrough on nuclear fusion energy, paving the way for an “abundant zero-carbon alternative to fossil fuels,” the Financial Times reports, citing three sources with knowledge of the matter. In a nutshell: A […]
Posted inALSO ON OUR RADAR
Oman is getting its first e-waste recycling plant + has a timeline for green ammonia plant
Oman is getting an e-waste recycling facility… Canadian waste management outfit ERSInternational is launching Oman’s first e-waste recycling facility in 1Q 2023, Access Wire reported. The facility — located in the Dhofar province capital Salalah — aims to process at least 500k pounds of discarded electronic devices in its first year of operation. Oman has […]
Posted inCALENDAR
DECEMBER 7-19 December (Wednesday-Monday): TheUN’s 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15), Montreal, Canada. 13-14 December (Tuesday-Wednesday): Seminar on EU standards for agri-food products for the Gulf Cooperation Council countries, Grand Millennium Business Bay Hotel, Dubai, UAE. 13-15 December (Tuesday-Thursday): International Renewable Energy Congress, Hammamet, Tunisia. JANUARY […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Europe’s EUR 2.5 bn hydrogen plans + MENA to triple renewable energy to 45 GW by 2027
Good morning, wonderful people. We’re starting the week with an offering of kudos to Morocco’s national football team for being the first Arab and African team to ever make it to a FIFA World Cup semifinal match. We tip our hats to every player on the team for their spectacular performance against Portugal, especially Youssef […]
Posted inUncategorized
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Posted inRENEWABLES
Saudi-Chinese renewables collaboration got a big boost last week
Saudi and China sign 34 investment agreements: Saudi Arabia and China signed a series of agreements during Chinese President Xi Jinping’s three-day visit to the Kingdom last week — several of which focus on green energy, according to SPA. The countries also agreed to hold leadership summits every two years, in a meeting between Xi […]
Posted inM&A WATCH
Masdar share acquisition to accelerate huge renewable energy + green hydrogen growth plans
UAE’s Mubadala sells majority stake in Masdar to Adnoc and Taqa: The UAE’s Abu Dhabi National Energy Company (Taqa) and Abu Dhabi National Oil Company (Adnoc) have completed a transaction to purchase stakes in sovereign wealth fund Mubadala’s clean energy firm Masdar, according to a joint statement. Taqa paid USD 1.02 bn for its stake, […]
Posted inSTARTUP WATCH
Nigerian mobility fintech Moove raises USD 30 mn to turbocharge its MENA expansion with EVs
Nigerian fintech mobility startup Moove is raising USD 30 mn from a sukuk issuance to boost its expansion in the UAE with some 2k ride-hailing EVs in the coming year, according to a company statement. The issuance was arranged by US-based investment firm Franklin Templeton Investments and comes less than two months after Moove closed […]