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South Korea’s MENA green hydrogen shopping spree continues: Saudi Arabia’s Public Investment Fund (PIF) has inked an agreement worth some USD 6.5 bn with Korea Electric Power Corp (Kepco) and four other South Korean firms to build a hydrogen and ammonia plant, Reuters reported on Thursday citing a source with knowledge of the agreement. The […]
Author Archives: enterpriseam admin
Posted inCAPITAL MARKETS
Mubadala acquires stake in carbon exchange AirCarbon Exchange + Egypt eyes 2023 launch for carbon exchange
UAE obtains stake in carbon trading platform: Abu Dhabi-based sovereign wealth fund Mubadala Investment Company obtained a stake in Singapore-based carbon trading exchange AirCarbon Exchange (ACX), according to a company statement released last week. The size of Mubadala’s stake was not disclosed, with Bloomberg previously reporting the fund would acquire at least a 20% stake […]
Posted inCALENDAR
NOVEMBER 21-23 November (Monday-Wednesday):Cityscape Intelligence Talks, Dubai World Trade Center, UAE. 23-24 November (Wednesday-Thursday): Global Conference on Sustainable Partnerships, The Ritz-Carlton, Riyadh, Saudi Arabia. Deadline of bid submissions for the Ras Mohaisen – Baha – Makkah Independent Water Transmission Pipeline in Saudi Arabia. DECEMBER 6 December (Tuesday): Enterprise Climate X Forum, Cairo, Egypt. 7 December […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: G20 commit to 1.5°C pledge + EBRD increases stake in Egypt’s Infinity + EU and Egypt strike partnership on green hydrogen
Good morning, nice people. It’s day 11 of the summit and as the clock ticks down, there’s no clear agreement on a cover decision in sight. “I think we have a larger than normal number of lingering issues,” COP27 presidency special representative Wael Aboulmagd was reported by Reuters as saying yesterday. “We would have hoped […]
Posted inUncategorized
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Posted inM&A WATCH
EBRD increase stake in Egypt’s Infinity with USD 41.5 mn investment
EBRD ups stake in Egypt’s Infinity: The European Bank for Reconstruction and Development (EBRD) is increasing its stake in Egyptian-headquartered renewable energy player Infinity through a USD 41.5 mn investment, the bank said in a statement yesterday. The EBRD did not disclose the size of its stake in Infinity following the investment. The bank had […]
Posted inCLIMATE FINANCE
A lot of renewables for Egypt = a lot of investment to drum up
With agreements inked, Egypt now has to lock in financing: Egypt signed initial agreements for green hydrogen and wind power projects worth up to USD 119 bn during COP27, according to an Egyptian cabinet statement. The 28 GW-worth of wind power agreements Egypt has lined up will — if they all get off the drawing […]
Posted inCLIMATE CEO POLL
The Enterprise Climate CEO Poll: OCI N.V. and Fertiglobe’s Ahmed El Hoshy
Enterprise Climate CEO Poll- Ahmed El Hoshy, OCI N.V. and Fertiglobe: With all eyes on Sharm El Sheikh as COP27 continues, Enterprise Climate and EnterpriseAM are presenting our inaugural Climate CEO Poll, a series of interviews with CEOs discuss key issues including climate finance, regulation, and the green economy. Ahmed El Hoshy (LinkedIn) is the […]
Posted inCOP Watch
G20 commits to 1.5°C pledge, urges COP27 delegates to put their noses to the grindstone by Friday
As G20 commits to 1.5°C pledge, the pressure is on COP27: G20 leaders gathering in Indonesia agreed to work on limiting the rise in global temperatures to 1.5°C and speeding up efforts to “phase down” coal in what’s being lauded as a “boost” to ongoing COP27 talks in Egypt, Reuters reports. The news comes as […]
Posted inINVESTMENT WATCH
Good news for Morocco’s Xlinks project, possibly bad news for the UK
Morocco’s Xlinks scores new investment: German energy consultancy Conenergy is investing an undisclosed sum in the USD 18 bn Morocco-UK Xlinks solar and wind energy project under a “financial and strategic partnership,” the firm said in a statement. Who are the investors already on board? Xlinks — whose board members include AcwaPower’s CEO Paddy Padmanathan […]