Back to the complete issue
Wednesday, 14 September 2022

Sharm gets more solar ahead of COP27 + ADIA invests in climate-focused fund

More solar capacity on the horizon for Egyptian companies: Egypt’s Taqa PV — the renewable energy arm of Qalaa Holding subsidiary Taqa Arabia — will fit Sharm El Sheikh’s Royal Nabq Center to run on solar energy, with a total power generation capacity of 20 MW, Al Borsa reported on Monday, citing unnamed sources.

The Abu Dhabi Investment Authority (ADIA), has invested EUR 390 mn into Energy Impact Partners (EIP)’s climate-focused European fund, a source told Reuters.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Commercial Bank of Dubai inked an agreement with solar energy solutions company Sharaf DG Energy to allow customers install solar PV systems for their homes. CBD clients can apply online using only their Emirates ID, a company statement picked up by Zawya details.
  • In its 2021 Sustainability Report, Dubai’s Roads and Transport Authority announced saving 68mn kWh of electricity through the implementation of 36 initiatives in line with the UNSDGs, according to a statement.

Enterprise Climate is available without charge thanks to the generous support of HSBC (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; and Infinity Power (tax ID: 305-170-682), the leading generator and distributor of renewable energy in Africa and the Middle East. Enterprise Climate is delivered Mon-Thurs before 4 am UAE time. Were you forwarded this copy? Sign up for your own delivery at climate.enterprise.press. Contact us on climate@enterprisemea.com.