Italy’s Tecnimont will build mega Ta’ziz ammonia plant in the UAE

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WHAT WE’RE TRACKING TODAY

TODAY: Lots of green fuel updates from UAE, Egypt + Tunisia

Good morning, friends. We have a packed issue this morning with a particular focus on the green fuels industry. Green ammonia, methanol and hydrogen updates are filing in from all corners of the region, but first, rather significant voluntary carbon market news from across the pond…

THE BIG CLIMATE STORY OUTSIDE THE REGION- US releases new carbon credits regulations: The US has revealed its new “responsible participation” rules (pdf) for its voluntary carbon credits market outlining strict standards for quantitative reductions targets and urging companies to decarbonize their supply chains before turning to carbon offsets. “Corporate buyers should prioritize reducing their own emissions, particularly through transition planning, adopting net zero targets, and transparently reporting on progress,” Yellen said. “Participation in [voluntary carbon markets] should complement these efforts,” US Treasury Secretary Janet Yellen said.

A controversial caveat: The documents include a controversial recommendation for companies to use carbon credits to offset Scope 3 emissions that come from suppliers and customers. Members of the Science Based Targets initiative (SBTi) — the biggest verifier of corporate climate targets — called for their CEO to resign after he attempted to implement a similar recommendation.

We knew this was coming: US top climate diplomat John Podesta said last month that the US was working on new guidelines for carbon offsets to bolster market confidence and ensure genuine emissions reductions.

HAPPENING TODAY-

The Energy & Storage Live MENA conference will open its doors today in Cairo and conclude tomorrow. The event will gather industry stakeholders in utilities, independent power producers, financiers, government bodies, regulators, distributors, contractors, and more to shape the future of the region’s energy sector.

WATCH THIS SPACE-

#1- UAE’s EDB plans to boost funding for clean energy sector: Emirates Development Bank (EDB) is planning to provide AED 30 bn (c. USD 8.2 bn) in financing to over 13.5k companies for renewable energy and food security, amongst other industries, by 2026, Wam reports, citing comments made by Business Finance Director at EDB Shaker Zainal. The other sectors targeted include the industrial sector, advanced technology, and healthcare.

Not the first green venture for EDB: The lender signed an agreement with the International Renewable Energy Agency (Irena) to extend AED 1.3 bn (c.USD 350 mn) in financing to support Irena’s Energy Transition Accelerator Financing (ETAF) platform back in November. EDB also started offering a new first-of-its-kind Solar Energy Finance Programme to back MSMEs through a AED 100 mn allocation for the adoption of solar energy initiatives last year.

#2- Toyota makes strides in developing alternative-fuel engines: Japanese giant automaker Toyota has revealed prototypes for lower-emitting internal combustion engines that can run on hydrogen, gasoline, and other fuels, Bloomberg reports. The carmaker didn’t specify when the alternative engines — which are compatible with EV manufacturing platforms and emissions regulations — would be ready or in which markets, but assured that they would come before stricter emissions regulations are imposed.

Why is this significant? Fuel-burning engines will have a role to play in the global shift to net-zero emissions, even as the industry shifts to battery EVs, Toyota argues. “To become carbon neutral, what’s most important is to reduce emissions,” Toyota CEO Koji Sato said, adding that the “what we need is an engine that can efficiently use various types of fuel.” The Japanese carmaker is also running a study with Idemitsu Kosan, Eneos Holdings, and Mitsubishi Heavy Industries on delivering carbon neutral fuels in the country by 2030.

But Toyota isn’t letting go of EVs just yet: Toyota is planning to sell 1.5 mn battery EVs annually by 2026 and 3.5 mn by 2030. It is also dedicating YEN 500 bn (USD 3.2 bn) on R&D. At the end of the day, the journey to electrification for automakers is “more about business feasibility, whether it makes economic sense,” Subaru’s CTO Tetsuo Fujiniki said.

#3- The EU has approved a law that would set methane emissions limits on all of Europe’s oil and gas imports starting in 2030, Reuters reported earlier this week. Importers that exceed the limit will receive financial penalties, with the US, Algeria, and Russia predicted to be the most affected by the new regulation. The final approval — which was unanimous with the exception of Hungary — was reached during a meeting in Brussels between the EU’s agricultural ministers. The exact limits will be determined by the European Commission by the end of the decade, when the law comes into effect.

New fossil fuel import and production contracts won’t be spared: The EU also approved a rule that requires new fossil fuel import contracts signed with foreign producers to follow the bloc’s methane emissions reporting rules starting in 2027, including regular monitoring of leaks. “The EU will also require European producers to regularly check their operations for leaks of methane and bans most cases of flaring and venting,” the news outlet added.

THE SCORECARD-

Has China hit peak carbon emissions? A 3% decline in China’s CO2 emissions may be signaling the country has reached its peak emissions in 2023, according to a new analysis by Carbon Brief. This is the first dip in emissions after a 14-month urge following Covid-19 restrictions being lifted in December 2022.

Solar + wind energy helped curb emissions: The reduction was driven by increased solar and wind power generation, which met 90% of the growth in electricity demand, and a slowdown in construction activity, the analysis found. At the same time oil demand growth ceased, signaling an end to the post-Covid economic rebound.

Global emissions are on the same path: Global emissions are predicted to drop up to 2.5% this year, mainly due to reductions in China's coal-fired electricity generation, according to BloombergNEF.

Will the trend continue? The potential for a sustained peak in emissions depends on maintaining the record levels of clean energy expansion observed last year, the analysis found. While the China Photovoltaic Industry Association predicts that total installed solar capacity will increase by 225 MW annually until 2030, China’s National Energy Administration head Zhang Jianhua suggests maintaining clean-energy capacity additions above 100 GW per year, which is significantly lower than the 2023 levels. This implies that the administration sees “the recent acceleration as an anomaly and not something to be maintained,” the analysis writes.

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CIRCLE YOUR CALENDAR-

The UAE will host the Bonds, Loans & Sukuk Middle East event from Tuesday, 4 June to Wednesday, 5 June in Dubai. Billed as the Middle East's largest corporate and investment banking event, it serves as a key meeting point for those active in the region's capital markets. Over 1.4k governments, corporates, investors, banks, law firms, regulators and service providers as well as more than 75 expert speakers will be in attendance.

Turkey will host the International Conference on European Energy Market, from Monday, 10 June to Wednesday, 12 June in Istanbul. The three-day event will gather experts from scientific, industry, and policy sectors for discussions on various energy market-related topics. The conference covers themes including energy modeling, market design, regulatory policies, and climate change.

Morocco will host the Morocco Energy Week Summit, from Tuesday, 11 June to Thursday, 12 June in Marrakech. The event will gather Morocco's leading energy players, companies and developers alongside financiers and implementation experts to discuss the country’s green transition.

Spain will host the Connecting Green Hydrogen Europe conference, from Tuesday, 25 June to Thursday, 27 June in Madrid. The event will see around 5k attendees including industry leaders, energy ministers, and executives to explore solutions, new technologies, and transformative advancements to advance the hydrogen industry.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Italy’s Tecnimont will build mega Ta’ziz ammonia plant in the UAE

Ta’ziz ammonia facility moves forward: Italy-based engineering and construction giant Tecnimont has been tapped to build the UAE’s 1 mn ton low-carbon ammonia factory under development by a consortium of Emarati and global firms, according to a statement. Ta’ziz — a joint venture between Adnoc and ADQ — signed a shareholder agreement with Fertiglobe, Korea’s GS Energy Corporation and Japan’s Mitsui & Co. for the project back in January 2023.

REMEMBER- Construction for the ammonia plant is set to begin in 3Q 2024 with operations expected to kick-off in 2027, the statement said.

The project will bring lots of carbon savings: The first phase — predicted to attract USD multi bn investment over the next 20 years — will produce ammonia that is 50% less carbon intensive than conventional ammonia, the statement notes. The second phase will be even less carbon intensive due to carbon capturing and sequestration and will more than double the initial phase’s capacity. Much of the construction award value is expected to reenter the UAE economy through Adnoc’s In-Country Value Program.

Not the first collaboration between partners: Adnoc delivered the world’s first certified bulk commercial shipment of low-carbon ammonia produced using carbon capture and storage to Japan’s Mitsui earlier this month. The ammonia was produced at Fertiglobe’s Ruwais facility near Abu Dhabi and “will see the CO2 captured and permanently stored in the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer.”

About the companies: A key subsidiary of the Maire Group, Tecnimont specializes in large-scale engineering, procurement, and construction projects in chemicals, petrochemicals, fertilizers, refining and gas monetization, and power. Ta’ziz is a chemicals and transition fuels complex under development in Abu Dhabi’s Al Ruwais Industrial City, according to its website.

Tecnimont is active in the MENA region: Tecnimont was looking to partner with an Egyptian oil company as it looks to kick off sustainable aviation fuel (SAF) tests at an Italian airport earlier this week. The company also was approved by EGX-listed, state-controlled Egyptian Chemical Industries to take the reins on its nitric acid and ammonium nitrate project in June 2023. Italian chemical manufacturing company NextChem — a subsidiary of Maire Tecnimont — set up a plant for reprocessing and upcycling polymers in the UAE in 2022.

AD Ports, Transmar and Orascom to build green methanol plant in Egypt

Transmar, Orascom + AD Ports link up on green methanol export facility: Egypt’s Transmar and Orascom Construction inked an agreement with AD Ports Group to develop a green methanol storage and export facility in Egypt in a bid to supply low-carbon fuel for the maritime shipping industry, according to a statement. An investment ticket for the plant and a timeline for construction and operations were not specified.

Why is this important? Green methanol — produced from biomass, captured carbon, or green hydrogen — stands to slash emissions from shipping vessels by 60% to 95% when compared with conventional bunker fuels.

Demand is expected to rise: Some 100 methanol-powered vessels are expected to be in service by 2026 racking up to 1 mn tonnes in green methanol demand and methanol-powered vessels are set to represent 14% of the global commercial fleet based on current orderbooks, the statement notes citing data from Drewry and Clarkson.

And regulations are driving the push: International regulations — including the current International Maritime Organization’s greenhouse gas strategy currently being revised — are driving adoption of the clean fuel which could see demand reaching 4 mn tonnes a year within the next 5 years, the statement added.

Egypt is looking to establish itself as a green fuel hub: Egypt inked a USD 3 bn framework agreement in October with AP Moller Holding and AP Moller-Maersk-owned C2X for the production of green methanol and its derivatives at the Suez Canal Economic Zone (SCZone) and Maersk has been eyeing an acquisition of the 545 MW Zafarana wind farm in Egypt, with plans to use the power to produce green methanol for ships. The company looks to produce 300k tons of green methanol per year in the project’s first phase, with that figure ramping up to 1 mn tons by the conclusion of the project’s last phase. Norway’s Scatec and Alexandria National Refining & Petrochemicals Company (ANRPC) inked a USD 450 mn agreement last year to establish a green methanol plant in Damietta and Scatec inked a USD 1.1 bn agreement in February with SCZone to supply ships with green fuel in east Port Said.

TotalEnergies + Verbund eye green hydrogen production in Tunisia

More green hydrogen exports in play for Tunisia? TE H2 — a JV between French energy giant TotalEnergies and Luxembourg’s EREN Groupe — and Austrian utilities company Verbund have signed an agreement with Tunisia to study the production of 200k tons of green hydrogen for export annually, according to a press release. The project — dubbed the H2 Notos project — will have the potential to boost production to 1 mn tons per year in South Tunisia in its initial phase.

Here’s what we know so far: The hydrogen will be exported to Central Europe via the SoutH2 Corridor pipeline which connects North Africa to Italy, Austria, and Germany, the statement notes, adding that it is expected to be operational by 2030. TE H2 and Verbund will oversee the development, financing, construction, and operation of the project, with Verbund coordinating the transport of hydrogen to Europe.

Much funding needed: The project would need “bns of USD” in investments for the initial phase, which will have a 3 GW capacity, Bloomberg writes, citing comments made by TE H2 CEO David Corchia. He urged Europe to finance and subsidize investments that enhance energy security. A final investment decision is expected by 2027 at the earliest.

Not Verbund’s first rodeo in the region: The UAE’s Masdar and Verbund Green Hydrogen GmbH signed an agreement to jointly explore the feasibility of establishing a green hydrogen plant in Spain last December. The green hydrogen produced will be used to decarbonize Spain or Europe’s hard-to-abate sectors including steel, fertilizers, chemicals, heavy transportation, and aviation.

About the SoutH2 Corridor: Europe’s transmission operators each submitted a Project of Common Interest application to the European Commission for the corridor project, which aims to “supply competitive renewable hydrogen to European demand clusters,” its website writes. The proposal includes utilizing more than 70% repurposed infrastructure, with new pipeline segments only where necessary. The corridor has strong political endorsement and support from companies involved in production and offtake of hydrogen along the whole corridor.

Tunisia is ramping up its interest in green energy exports to the EU: Italy is planning to provide political backing for the Medlink project in a bid to import 28 TW worth of renewable electricity from Tunisia and Algeria to Northern Italy. Italy and Tunisia are also already working on a separate EUR 1 bn electric interconnection project dubbed Elmed which Italy's Environment and Energy Security Ministry recently authorized. The 600 MW subsea interconnector will transport 400-600 MW of clean power generated from hydroelectricity and is targeting an operational launch by 2028.

National Bank of Kuwait set to issue inaugural green bond

The National Bank of Kuwait (NBK) is looking to raise funds from a planned 6-year green bond issuance, Reuters reports, citing documents it had seen. The value and initial price guidance for the expected issuance was not disclosed, but investor meetings for the debt sale were scheduled for yesterday. The bonds will be non-callable for 5 years, meaning they cannot be redeemed by the issuer in this period except with payment of a penalty.

There’s more underway: NBK is planning to follow the green bond issuance with another USD-denominated senior unsecured Green Notes under NBK’s Global Medium Term Note Programme (pdf) launched last year with the aim of issuing USD 5 bn worth of notes denominated in any currency, the document added.

Advisors: The lender tapped Citi, HSBC, JP Morgan, and Standard Chartered Bank as joint global coordinators for this debt deal. Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, and NBK will serve as joint lead managers and joint bookrunners.

Egypt cuts the ribbon on its 252 MW wind farm in Gulf of Suez

Egypt has inaugurated a EUR 230 mn, 252 MW wind farm in the Gulf of Suez, according to a statement. The station is located near the city of Ras Ghareb in the Gulf of Suez and Gabal El-Zeit region was developed under a Build, Own, Operate (BOO) agreement, local media reports.

REMEMBER- This has been in the works since 2020: Egypt’s New and Renewable Energy Agency (NREA) signed an agreement with an Italian-French-Chilean alliance led by Vestas to construct the wind project in August 2020. Vestas was awarded the tender in early 2020 after both Siemens Gamesa and Germany’s Senvion retracted their bids, and began trial operations in November 2023. The company began commercial operations at the end of last year before handing it over to the NREA.

The details: The wind farm has a capacity of 252 MW and cost approximately EUR 230 mn, the statement notes, which is a slight revision from the last reported capacity of 250 MW costing EUR 228 mn. The farm has 70 3.6 MW capacity wind turbines, with total annual generation expected to reach 1.2 TWh. The wind farm will offset around 200k tons of oil annually, reducing carbon emissions by around 500k tons per year, the statement added.

All part of a bigger plan: Over 40k sqkm have been allocated to up to 150 GW solar energy projects and 120 GW of wind farms, the statement notes. Egypt has the potential to generate around 350 GW of renewable energy, Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker said at the ribbon cutting ceremony.

GE Vernova awarded supply contract for Kalyon PV power plant

SOLAR-

GE Vernova awarded Kalyon PV solar station: Turkey’s Kalyon PV has awarded GE Vernova a contract to supply its Flexinverter technology — which is used for solar and battery energy storage conversion — along with design and engineering services for its solar power station in Viransehir, according to a press release. Vernova’s regional services provider Inogen will handle the construction and installation. The station is expected to power Kalyon Enerji’s 157 MW PV manufacturing facility, which will be one of the first Turkish companies to produce panels only using renewable energy. The financing has not yet been disclosed.

Not the pair’s first collaboration: GE Vernova has also supplied Kalyon Enerji’s 1.35k MWp Karapinar solar plant — Turkey and Europe’s largest solar facility — in Konya Karapinar province. Construction began in 2020 and operations commenced in March 2023. The plant generates around 3 bn KWh of electricity per year.

ELECTRIC VEHICLES-

Adnoc Distribution plans to have installed 200 fast EV chargers by the end of the year across the UAE, up from 90 currently, CEO Bader Saeed Al Lamki told Wam (watch, runtime: 5:58) on the sidelines of Make it in the Emirates, without specifying the exact locations. The target is to have 500 fast charging points across the country by 2028, he added.

Demand high for Japan’s first environmental bond

Japan’s first environmental bond attracts major investor interest: Japan’s Kyushu Electric Power raised YEN 30 bn (USD 191 mn) in the country’s first environmental bond set to finance nuclear transition projects, Bloomberg reports. The issuance came in two tranches, with the five-year tranche attracting three times as much demand as the amount raised, and the 10-year tranche attracting 1.1 times the amount raised. Kyushu Electric will dedicate the funds to refinancing nuclear investment, including in emergency response centers.

Second time's the charm: The company had attempted to launch a similar bond before but struggled to garner interest from investors who still remember the Fukushima meltdown. Interest in nuclear energy has increased as Japan has set a target of becoming carbon neutral by 2050, although the country still has to tackle the issue of where to dispose of radioactive waste.

The EU has approved the Net Zero Industry Act to ensure the bloc produces 40% of its solar panels, wind turbines, heat pumps, and other clean technologies by 2030, Reuters reports. The law — set to take effect in June or July — is designed to enhance the EU's manufacturing capabilities in clean tech, reducing reliance on China and countering US green subsidies. The act mandates faster permitting processes and prioritizes sustainability and supply chain resilience in public procurement.

The bloc wants to boost its presence in the global market: The EU targets a 15% share of global clean tech production by 2040, though achieving this is particularly challenging in the solar sector, as EU manufacturers currently supply less than 3% of all EU solar panel deployments.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Productive 1Q bumps up Italy’s solar capacity to 32 GW: Italy's solar power capacity increased by 1.7 GW in 1Q 2024, reaching a total of 32 GW. This growth was driven primarily by a surge in large-scale solar projects, with new projects over 1 MW in size increasing by 373% y-o-y and mid-sized photovoltaic projects on commercial and industrial rooftops rising 106% in power output. (Reuters)
EU + Australia want to diversify critical mineral supply chain: Australia and the EU have signed an agreement to enhance cooperation and investment in critical minerals and reduce reliance on Chinese materials for high-tech and green manufacturing. “Concrete actions” will be developed over the next six months. (Bloomberg)

CALENDAR

MAY 2024

28-30 May (Tuesday-Thursday): Make it in the Emirates Forum, Abu Dhabi, UAE.

29-30 May (Wednesday-Thursday): Solar & Storage Live MENA, Cairo, Egypt.

JUNE 2024

4-5 June (Tuesday-Wednesday): Bonds, Loans & Sukuk Middle East, Dubai, UAE.

5 June (Wednesday): World Environment Day, Saudi Arabia.

5-7 June (Wednesday-Friday): Sustainability World Summit, Frankfurt, Germany.

10-12 June (Monday-Wednesday): The International Conference on European Energy Market, Istanbul, Turkey.

11-12 June (Tuesday-Wednesday): International Conference on Financing Investment and Trade in Africa, Tunis, Tunisia.

11-13 June (Tuesday-Thursday): Morocco Energy Week Summit, Marrakesh, Morocco.

18-19 June (Tuesday-Wednesday): Biofuels International Conference & Expo, Brussels, Belgium.

18-19 June (Tuesday-Wednesday): Sustainable Aviation Fuels Summit, Brussels, Belgium.

25-27 June (Tuesday-Thursday): Connecting Green Hydrogen Europe, Madrid, Spain.

26-27 June (Wednesday-Thursday): Decarbonizing Shipping Forum, Rotterdam, Netherlands.

JULY 2024

2-3 July (Tuesday-Wednesday): Nuclear Power Plants Summit & Expo, Istanbul, Turkey.

12-14 July (Friday-Sunday): G20 Leaders Summit, Rio de Janeiro, Brazil.

16-17 July (Tuesday-Wednesday): The Egypt Mining Forum, Cairo, Egypt.

AUGUST 2024

1 August (Thursday): Distributed Solar Summit, Dubai, UAE.

12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.

20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai, UAE.

24-26 August (Saturday-Monday): International Conference on Clean and Green Energy Engineering, Izmir, Turkey.

24-26 August (Saturday-Monday): International Summit on Non-Renewable and Renewable Energy, Valencia, Spain.

SEPTEMBER 2024

16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE.

17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

OCTOBER 2024

1-3 October (Tuesday-Thursday): Water, Energy and Environment Technology Exhibition, Dubai, UAE.

13-17 October (Sunday-Thursday): Cairo Water Week, Cairo, Egypt.

15-17 October (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

NOVEMBER 2024

4-8 November (Monday-Friday): World Urban Forum, Cairo, Egypt.

11-22 November (Monday-Friday) United Nations Climate Change Conference or Conference of the Parties (COP29), Baku, Azerbaijan.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), Abu Dhabi, UAE.

18-19 November (Monday-Tuesday): G20 Summit, Rio de Janeiro, Brazil.

26-28 November (Tuesday-Thursday): Saudi Electricity Expo, Riyadh, Saudi Arabia.

26-28 November (Tuesday-Thursday): Egypt Energy Show, Cairo, Egypt.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Ras Al Khaimah, UAE.

DECEMBER 2024

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification, Riyadh, Saudi Arabia.

JANUARY 2025

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi. UAE.

FEBRUARY 2025

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai, UAE.

EVENTS WITH NO SET DATE

2024

End-2024: Emirati Masdar’s 500 MW wind farm in Uzbekistan to begin commercial operations.

QatarEnergy’s industrial cities solar power project will start electricity production.

November: 9th Arab Forum for Renewable Energy and Energy Efficiency, Amman, Jordan.

2025

International Union for Conservation of Nature World Conservation Congress, Abu Dhabi, UAE.

UAE to have over 1k EV charging stations installed.

2026

26-29 October (Monday-Thursday): World Energy Congress, Riyadh, Saudi Arabia.

UITP Global Public Transport Summit, Dubai, UAE.

Annual Meetings of the World Bank and the International Monetary Fund, Bangkok, Thailand.

1Q 2026: QatarEnergy’s USD 1 bn blue ammonia plant to be completed.

End-2026: HSBC Bahrain to eliminate single-use PVC plastic cards.

2027

MENA’s district cooling market is expected to reach USD 15 bn.

World Water Forum, Riyadh, Saudi Arabia.

2030

UAE’s Abu Dhabi Commercial Bank (ADCB) wants to provide AED 35 bn in green financing.

UAE targets 14 GW in clean energy capacity.

Tunisia targets 30% of renewables in its energy mix.

Qatar wants to generate USD 17 bn from its circular economy, creating 9k-19k jobs.

Morocco’s Xlinks solar and wind energy project to generate 10.5 GW of energy.

2035

Qatar to capture up to 11 mn tons of CO2 annually.

2045

Qatar’s Public Works Authority’s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm/d capacity.

2050

Tunisia’s carbon neutrality target.

2060

Nigeria aims to achieve its net-zero emissions target.

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Italy’s Tecnimont will build mega Ta’ziz ammonia plant in the UAE

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TODAY: Lots of green fuel updates from UAE, Egypt + Tunisia

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Italy’s Tecnimont will build mega Ta’ziz ammonia plant in the UAE

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AD Ports, Transmar and Orascom to build green methanol plant in Egypt

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TotalEnergies + Verbund eye green hydrogen production in Tunisia

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National Bank of Kuwait set to issue inaugural green bond

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Egypt cuts the ribbon on its 252 MW wind farm in Gulf of Suez

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GE Vernova awarded supply contract for Kalyon PV power plant

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Demand high for Japan’s first environmental bond

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