{"id":77334,"date":"2023-05-10T01:00:44","date_gmt":"2023-05-10T01:00:44","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/10\/uaes-mensha-ventures-signs-usd-1-bn-green-energy-agreement-with-chinese-investors\/"},"modified":"2023-05-10T01:00:44","modified_gmt":"2023-05-10T01:00:44","slug":"uaes-mensha-ventures-signs-usd-1-bn-green-energy-agreement-with-chinese-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/10\/uaes-mensha-ventures-signs-usd-1-bn-green-energy-agreement-with-chinese-investors\/","title":{"rendered":"UAE\u2019s Mensha Ventures signs USD 1 bn green energy agreement with Chinese investors"},"content":{"rendered":"

<\/a> UAE\u2019s Mensha Ventures, Chinese partners agree to invest USD 1 bn in green <\/strong>energy infrastructure: <\/strong>UAE-based VC outfit Mensha Ventures has signed a non-binding agreement with a group of Chinese strategic partners to jointly invest USD 1 bn in green energy infrastructure in the region, Wam<\/a> reports. The agreement \u2014 signed with firms including the Asia Development and Investment Bank (ADIB), Hoover Investment Group, and Shenzhen Sinomaster Investment Group \u2014 should help the UAE reach its renewable energy targets and reduce its carbon footprint, the news outlet notes.<\/p>\n

And another agreement with ADIB:<\/strong> On the sidelines of the Annual Investment Meeting in Abu Dhabi, Mensha inked another agreement with ADIB to jointly launch a GCC-focused green tech fund aimed at leveraging Chinese manufacturing to \u201cdrive cutting-edge sustainable solutions into the local ecosystem,\u201d according to Wam.<\/p>\n

The latest in a string of UAE-China agreements this month:<\/strong> Earlier this week, UAE state-owned Emirates Nuclear Energy Corporation (ENEC) signed<\/a> three MoUs with Chinese organizations as part of its target to source 6% of its energy needs from nuclear power by 2050. Earlier in May, Abu Dhabi-based infrastructure investment company Monarch Holding signed<\/a> an agreement with China-based autonomous and electric air mobility company Ehang Holding to establish a manufacturing facility for electric vertical take-off and landing aircrafts.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE\u2019s Mensha Ventures, Chinese partners agree to invest USD 1 bn in green energy infrastructure: UAE-based VC outfit Mensha Ventures has signed a non-binding agreement with a group of Chinese strategic partners to jointly invest USD 1 bn in green energy infrastructure in the region, Wam reports. The agreement \u2014 signed with firms including the […]<\/p>\n","protected":false},"author":1,"featured_media":77335,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[69,11,151,88,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-china","tag-enterpriseclimate","tag-investment-watch","tag-renewables","tag-uae","wpautop","entry"],"acf":{"mongo_id":"376d6521-64ad-43a0-aaeb-6a5c0ef0796c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1851.jpg","photo_position":"above","related_issue":[77329],"teaser":"","voice_url":""},"yoast_head":"\nUAE\u2019s Mensha Ventures signs USD 1 bn green energy agreement with Chinese investors - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/10\/uaes-mensha-ventures-signs-usd-1-bn-green-energy-agreement-with-chinese-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Mensha Ventures signs USD 1 bn green energy agreement with Chinese investors\" \/>\n<meta property=\"og:description\" content=\"UAE\u2019s Mensha Ventures, Chinese partners agree to invest USD 1 bn in green energy infrastructure: UAE-based VC outfit Mensha Ventures has signed a non-binding agreement with a group of Chinese strategic partners to jointly invest USD 1 bn in green energy infrastructure in the region, Wam reports. 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