COP27 got underway in earnest yesterday with some world leaders pressing calls to action to prevent “climate catastrophe”: World leaders struck a serious and somber note with warnings of “irreversible” climate chaos and calls for cooperation and shared responsibility on the first day of the COP27 leaders’ summit yesterday. Inaugurating the conference, President Abdel Fattah […]
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The Enterprise Climate CEO Poll: Signify’s Mohamed Saad
Welcome to the Enterprise Climate CEO poll: 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 top CEOs attending the summit to discuss key issues including climate finance, regulation, and the green economy. Mohamed Saad (LinkedIn) is president and […]
Apicorp signs USD 75 mn Islamic financing agreement for voluntary carbon offsets
Apicorp inks MENA region’s first Islamic financing agreement for voluntary carbon offsets: Saudi Arabian energy-focused multilateral financial institution Arab Petroleum Investment Corporation (Apicorp) has signed a USD 75 mn murabaha agreement with global energy and commodities firm Hartree Partners to fund voluntary carbon offsets, according to a company press release. What is murabaha? It’s an […]
Arabian Cement Company inks PPA for phase two of solar plant
Arabian Cement Company signs new PPA for Suez facility solar plant: Egypt’s Arabian Cement Company (ACC) signed a PPA with utility firm Amarenco SolarizEgypt(ASE) for a 13.2 MW second phase of its solar plant in Suez, Egypt according to a company press release (pdf). The new phase will see investments between EGP 170-190 mn, SolarizEgypt […]
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OC brings sustainable 3D printing tech to Egypt + Germany, Egypt to share green hydrogen production tech
Orascom Construction explores 3D printing construction tech: Global engineering and construction contractor Orascom Construction is collaborating with Denmark’s COBOD to begin using 3D printing construction technology in Egypt, according to a statement (pdf) released last week. The Egyptian-Dutch cooperation will explore using the technology in printing entire buildings for more environmentally sustainable construction by reducing […]
Abdul Latif Jameel Energy’s FRV acquires majority stake in Greek battery energy storage company Wootis SA
FRV buys majority stake in Greek BESS facility: Spain-headquartered Fotowatio Renewable Ventures (FRV) acquired a majority stake in Greek renewables company Wootis SA’s 600 MW battery energy storage system (BESS) project, according to a company statement. The BESS facility is set to become operational between 4Q 2023 and 2Q 2024, the statement notes. The details […]
Amphibious electric aircraft powered by solar in the works
Amphibious electric aircraft unveiled during Abu Dhabi Air Expo: Swiss aviation startup Jekta Swiss Aviation showcased a model of its net-zero 19-seater electric airplane, which will enable people in coastal regions to travel using water routes, the National reports. The fully electric sea-faring aircraft is able to land on water and dry land, traveling within […]
NOVEMBER 7-18 November (Monday-Friday): Egypt will host COP27 in Sharm El Sheikh. 15 November (Tuesday): Hawkamah Annual Conference (Building Investor Confidence Through Governance), Dubai, 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 […]
TODAY: Loss and damage financing on the COP agenda + Saudi’s EV strategy moves ahead + Carbon markets are cropping up everywhere
Good morning, wonderful people. We have a stacked issue for you this morning, between COP27 kicking off in Egypt’s Sharm El Sheikh and a handful of other green news from around the region. But first… We’re proud to announce that the Enterprise Climate X Forum, our first industry-specific conference is, taking place on Tuesday, 6 […]