Masdar to develop a wind energy plant in Jordan

Masdar expands wind power portfolio in Jordan: State-backed renewables giant Masdar inked an agreement with Jordan’s Energy and Mineral Resources Ministry to develop a 25 MW wind power plant in Batn Al Ghul, according to a statement. Funding to build the five wind turbines will come from the UAE, and output will go toward domestic markets.

Who’s involved? Masdar, whose portfolio already includes two renewable projects in Jordan, will provide technical, logistics, and implementation expertise, with Jordan’s state-owned Al Samra Power Generation Co. managing the project’s engineering, procurement, and construction through a Masdar-chosen contractor. Al Samra will operate the plant and can also bring in Masdar subsidiaries for support.

ICYMI- Masdar has recently inked an agreement with German energy firm RWE to jointly invest in battery energy storage systems (BESS) in Germany and reached financial close on Oman’s first utility-scale project to pair solar with battery storage.

Smart Bricks pulls in USD 5 mn from a pre-seed round

Dubai-based AI startup Smart Bricks secured USD 5 mn in pre-seed funding led by American venture capital firm Andreessen Horowitz, with additional backing from funds and angel investors from the Middle East, the US, and Europe, according to a press release.

Smart Bricks? Founded in 2024 by Mohamed Mohamed (LinkedIn), the startup is developing autonomous AI systems that aim to let investors source, assess, and complete real estate transactions in minutes rather than months. It has previously raised money from venture capital firms such as Techstars, 500 Global, and Cornerstone VC.

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