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Some green finance and decarbonization updates from the UAE
DFSA and HKMA will facilitate green finance flow. Taqa to implement environmental initiatives in UAE. Huade High-Tech will help decarbonize…
West Africa is set to be a renewable energy powerhouse, Masdar and PwC find
The region has a potential renewable energy capacity of 2 TW
UAE’s ADIB extends AED 1 bn green loan to Aldar Properties
Aldar will channel proceeds from the AED 1 bn facility toward financing green building and renewables integration projects, and will…
Renewables, EV and nuclear energy news from around the region
Algeria is getting a 1 GW solar plant. Savi cluster to see eVTOL aircrafts. The Barakah plant will reach 5.6…
Abu Dhabi’s CYVN buys an additional 13.1% stake in Chinese EV company Nio
The acquisition brings CYVN’s total stake in the company to 20.1%
Evolve secures environmental approval to access alternative fuels and Aldar forms a waste management JV with Tadweer and friends
The approval opens up access to new alternative fuels
UAE’s Kings Aluminum breaks ground on an aluminum production and recycling plant
The AED 750 mn steel recycling plant in hopes of promoting circularity in the metals production sector
UAE’s Positive Zero is getting USD 400 mn from BlackRock for decarbonization efforts
The funds will go towards boosting sustainable energy adoption and offer fully financed sustainable energy solutions across the GCC
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