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Masdar to exit rooftop solar JV Emerge?
Masdar’s advisors are already speaking with prospective suitors, according to the CEO
Masdar is more than halfway to its 100 GW renewables target, as it pivots from green hydrogen for the time being
The company has no plans for an IPO as it remains well-funded.
Masdar-led solar project in KSA reaches financial close
Located in Saudi’s Eastern Province, the project cost is estimated at around USD 1.1 bn.
Hatta hydro plant begins trial operations + exporting power to Dubai
The plant generated more than 17.9 GWh of electricity during the testing phase
US investor Stonepeak launches MENA renewables platform
The platform will target utility-scale solar, wind, and battery storage projects, with a focus on the Gulf
DP World expands Jebel Ali’s auto yard + Egypt’s Thndr now allows retail trading for ADX
ALSO- Arada awarded an AED 618 mn contract to its Anantara Sharjah project
Adnoc is the sixth most valuable energy brand
Plus: Mashreq takes home ins. product innovation of the year
THIS MORNING: Guinea transfers EGA’s concession to state-backed firm + Dubai Investments to IPO one of its subsidiaries this year
Plus: Masdar in line for a stake in Inerdrola’s solar portfolio in Spain
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