Hodler Investments (HODLER), a UAE-based investment company, headquartered in the Dubai Silicon Oasis, with a portfolio in energy, AI, and digital asset mining startups has announced its ongoing plans for a $500 million Digital Energy Infrastructure (DEI) Fund. These funds are used to build a closed-ended exempt Fund, subject to compliance and regulatory approvals. The company in association with asset mining startups such as PermianChain, Brox Equity, and others has announced its ongoing plans for a $500 million Digital Energy Infrastructure (DEI) Fund. The DEI Fund has already secured soft commitments from lead investors and in-kind contributions in addition…
Author: Chitrika
Loop Global Inc, a US-based turnkey provider of EV charging solutions, announced the opening of its regional office in Abu Dhabi, which will showcase Loop’s innovative charging technology and serve as the base for sales and distribution in the broader region.“Our aim is to be the UAE’s No. 1 EV charging provider and to use Abu Dhabi as a base for our regional expansion,” said Loop CEO Olga Shevorenkova. “We will look to recruit and hire locally as well as look down the road at opportunities to bring manufacturing and R&D activities to Abu Dhabi, which would allow it to…
Saudi Arabian FAS Energy company will assist Kyrgyzstan with the installation of solar panels on the rooftops of government buildings, Trend reports.According to Kyrgyzstan’s Ministry of Energy, a cooperation memorandum was signed in Bishkek by Minister of Energy Talaibek Ibraev and FAS Energy CEO Turki Al Hokair.During the meeting, the parties discussed interstate energy cooperation, Kyrgyzstan’s energy potential, joint project implementation, and the exchange of modern technology expertise.FAS Energy, the renewable energy development arm of the Fawaz Al Hokair Group, provides private and public clients with guidance on establishing renewable energy facilities.Kyrgyzstan generated a total of 9.08 billion kWh of…
In a major step towards eco-friendly operations, UNDP Bahrain has installed a cutting-edge solar energy system on the rooftop of the UN House. This initiative is a significant part of UNDP’s global Greening Moonshot Initiative, which is committed to reducing our carbon footprint by 50% by 2030.The newly inaugurated solar-powered installation boasts a capacity of 52 kWp, supplying a portion of the United Nations House’s electricity needs. This move not only contributes to significant CO2 reductions but also brings us closer to achieving carbon-neutral operations, leading to substantial economic savings and more efficient resource management.“At UNDP, we are deeply committed…
Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, today announced its results for the first half of 2024.The company successfully commissioned 14 solar power plants across the UAE, Bahrain, and Oman, adding 20 megawatts-peak (MWp) to its rapidly expanding portfolio. Additionally, Yellow Door Energy acquired five operating projects in Oman with a total capacity of 3.5 MWp, further solidifying its leadership position in the region. In H1 2024, Yellow Door Energy also raised USD 28 million in debt financing, which will allow the company to further its commitment to providing solar leases…
Adani Power Limited has established a new wholly-owned subsidiary, Adani Power Middle East Ltd., in Abu Dhabi, United Arab Emirates, following its expansion into Singapore.The company informed the exchange that Adani Power Middle East Ltd. will focus on investments in power, infrastructure, and related industries. The subsidiary has an authorized share capital of $27,000, with each share priced at $1. Adani Power Limited owns all the shares of the new subsidiary.APL is expanding its footprint in the thermal power sector, both in India and internationally, through initiatives aimed at enhancing its infrastructure and technological base. APL is also notable for…
Dubai Electricity and Water Authority (DEWA) has established itself as a cornerstone in the UAE’s ambitious journey towards achieving net zero emissions by 2050. Under the visionary guidance of the wise leadership, DEWA has launched numerous pioneering projects and initiatives that underscore its steadfast commitment to sustainability and innovation.Central to DEWA’s sustainability strategy is the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, based on the Independent Power Producer (IPP) model. With a planned production capacity of more than 5,000 MW by 2030 and a total investment of AED 50 billion, the solar…
Mohammad Ali Rashed Lootah, President and Chief Executive Officer (CEO) of Dubai Chambers, said that Dubai-based companies had invested a total of $1.4 billion in the Chinese market from 2015 to 2023.Lootah highlighted the increasing interest of Dubai-based companies in expanding their presence in China, driven by enhanced trade exchanges and the growing potential for mutual investments between the UAE and China.“Both nations are working closely to boost cooperation across various sectors, particularly in the new economy, technology, entrepreneurship, tourism, small and medium enterprises (SMEs), energy, renewable energy, agriculture, aviation, logistics, infrastructure, and industry. These efforts are crucial for the…
The Egyptian Cabinet has greenlit a proposal from the Emirati company Masdar for commencing studies on a solar energy station project capable of generating up to 4 gigawatts.In addition, they have approved advancing a project by the same company to harness solar energy potentials totaling 1,200 megawatts, along with the inclusion of storage batteries holding a combined capacity of 240-megawatt hours. Furthermore, the cabinet authorized the progression of several protocols for implementing renewable energy initiatives proposed by Empower, a subsidiary of the Emirati Al Nowais Investment Group.These initiatives involve integrating storage batteries, either as complements to solar energy systems or…
Enlight Renewable Energy (Enlight) a renewable energy platform in Israel commenced operations at the Tapolca solar project in Hungary. This project has a production capacity of 60 megawatts. The project began commercial sales of electricity on July 31, 2024, ahead of the Company’s original schedule.This is Enlight’s fifth project in Hungary, bringing the Company’s total generating capacity in the country to 144 MW. Tapolca will sell electricity at merchant prices, and it is expected to provide green power equal to the total annual consumption of approximately 30,000 Hungarian households.The Project’s total construction cost amounted to $48 million. Revenues in its…