Muscat – Environment Authority (EA) has signed a five-year cooperation program with the Seoul-based Global Green Growth Institute (GGGI) to focus on nature-based solutions, land reclamation, and access to green finance.The partnership aims to promote environmental sustainability and tackle climate change challenges in Oman, an official informed.The agreement was signed by Abdullah bin Ali al Amri, Chairman of EA, and Mohamadou Tounkara, Regional Director for the Middle East and North Africa at GGGI.The program will see both sides sharing information, legislation, and best practices in climate change adaptation and mitigation. It will also promote climate-smart technologies and improve resource efficiency,…
Author: Chitrika
The COP29 Presidency today announced the COP29 Presidency Initiatives as part of its “Action Agenda” to accelerate progress on climate action and supplement the formal negotiated COP agenda. In a letter addressed to all Parties and non-party stakeholders, the COP29 President-Designate Mukhtar Babayev set out the details of the package and how global stakeholders can contribute to the COP29 Presidency’s vision to enhance ambition and enable action.The Action Agenda confronts the world’s most pressing climate problems, shines a light on forgotten priorities, and provides a focus for wide universe of actors to come together. It also reflects Azerbaijan’s own capabilities…
Dubai-based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi-based Apex Investments PSC have formed a joint venture to build 16GWh per year manufacturing capacity of supercap energy storage, a cutting-edge technology with features that surpass the current lithium-ion technology we commonly see. The joint venture is set to meet exponential growth in demand. This will currently be the largest supercap energy storage manufacturing capacity in the world.As part of this collaboration, Enercap Energy Holding Limited, the joint venture, will establish a fully automated 10 GWh/year manufacturing facility in Abu Dhabi. Additionally, Enercap Energy Holding Limited has agreed to acquire…
Bahrain Economic Development Board (Bahrain EDB) has secured initial investment commitments valued at over USD 16 million from Polymatech to establish a semiconductor manufacturing facility in Bahrain’s Industrial Area of Hidd. This announcement was made during the island nation investment promotion agency’s visit to India, which covered key cities including Mumbai, Bengaluru, and Chennai, aimed at showcasing Bahrain’s dynamic business landscape and its growing appeal as a regional hub for technology and manufacturing. H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, stated, “We at Bahrain EDB are pleased to welcome Polymatech alongside several leading…
During the Advanced Air Mobility (AAM) event in Montreal, Volar Air Mobility and Etihad Aviation Training LLC (EAT) signed a Memorandum of Understanding (MoU) to strengthen cooperation in the field of advanced electric aircraft operations. The agreement aims to optimize the use of both parties’ capabilities and expertise through the exchange of information and joint initiatives in areas of mutual interest, advancing the UAE’s aviation sector.The MoU focuses on research and development (R&D) in electric aircraft operations, innovative sustainability projects, and regulatory engagement with UAE authorities. This collaboration aligns with the UAE’s Net Zero by 2050 agenda, promoting advanced air…
bp and Iberdrola have given the green light for construction of a 25 MW green hydrogen project at bp’s Castellón refinery which is expected to be operational in second half of 2026. This is the first hydrogen project jointly undertaken by bp and Iberdrola through Castellón Green Hydrogen S.L., a joint venture equally owned by both companies. The project was presented at an official event to publicly celebrate the signing in July 2024 of the final investment decision between bp and Iberdrola.This initiative, which includes the participation of the Technology Institute of Energy (ITE), has been awarded funding of 15…
The OPEC Fund for International Development (the OPEC Fund) is significantly stepping up its development support with nearly US$1.2 billion in new funding since June. The latest projects approved by the Governing Board, which met for its 189th session today, support smallholder farmers and businesses, promote the construction of resilient infrastructure, provide clean water & sanitation solutions and increase climate resilience. Partner countries’ reform programs will benefit from dedicated OPEC Fund loans.OPEC Fund President Abdulhamid Alkhalifa said, “The OPEC Fund is ramping up its efforts with significant new financing approvals which underscore our commitment to transformative development. These investments in…
Sungrow, the PV inverter and energy storage system provider, in collaboration with AMEA Power, a renewable energy, recently hosted the 2024 Photovoltaic and Energy Storage Technology Seminar (Sungrow OSKA Day – PV&ESS Technical Seminar 2024) in Dubai, UAE. During the event, a long-term service agreement (LTSA) was signed for renewable energy projects for AMEA Power’s 500MW Abydos Solar PV Project in Egypt and the 70MW Sheikh Mohamed Bin Zayed Solar PV Project in Togo. The seminar brought together numerous technical experts and engineers from AMEA Power, Danway, and Sungrow to discuss cutting-edge technologies and challenges in the PV and ESS…
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing, supply, and system despatch services of water and electricity across the UAE, today announced that it will supply the 2024 edition of the World Utilities Congress and the 6th Arab Water Forum with renewable and clean energy through the provision of Clean Energy Certificates (CECs). EWEC’s partnership with dmg events marks the third consecutive year in which EWEC provides the World Utilities Congress, hosted by TAQA, with renewable and clean energy. In addition, the 6th Arab Water Forum, co-located with the World Utilities Congress…
Indian water technology company VA Tech Wabag (WABAG) was recently awarded an Engineering, Procurement, Construction, and Commissioning (EPCC) contract worth 1.2 billion Saudi riyals ($317 million) for a mega seawater desalination project in Saudi Arabia.The contract for the 300 million litres per Day (MLD) capacity, equivalent to 300,000 cubic metres per day (m3/day) Sea Water Reverse Osmosis (SWRO) desalination plant in Yanbu was awarded by the Saudi Water Authority (SWA), formerly known as the Saline Water Conversion Corporation (SWCC), the BSE-listed company said in a stock exchange statement.The project is scheduled to be completed within a 30-month period, the statement…