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EBRD grants $1.3bln to Egypt for green energy projects – EQ Mag

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This action is part of the Nexus of Water, Food, and Energy (NWFE) program’s framework The European Bank for Reconstruction and Development (EBRD) has given Egypt $1.3 billion to finance green energy projects over the next five years, Managing Director of the southern and eastern Mediterranean (SEMED) Heike Harmgart told Middle East News Agency (MENA) […]

Oman’s Sohar International, Australia’s Fortescue Future Industries sign MoU for green energy projects – EQ Mag

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Oman’s Sohar International, Australia’s Fortescue Future Industries sign MoU for green energy projects MoU covers identification and financing of green energy projects in Oman Oman-based Islamic bank Sohar International announced on Tuesday that it has entered into a Memorandum of Understanding (MoU) with Australia-based Fortescue Future Industries (FFI), a global leader in developing green energy […]

Egyptian Cabinet allocates 2 land pieces for green energy projects – EQ Mag Pro

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The two projects will be contracted with the New and Renewable Energy Authority The Egyptian Cabinet approved requests submitted by Egypt for Green Hydrogen Company to help in the construction of the project for green hydrogen and green ammonia production through renewable energy, according to an official statement on August 31st. The Cabinet approved allocating […]

Oman targets completion of Direct Power Sales Framework by year-end – EQ Mag Pro

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The Direct Sales Framework is key to accelerating the pace of international investment in Oman’s nascent renewables and green hydrogen industry MUSCAT : A keenly anticipated legal framework designed to enable eligible power generators to sell electricity directly to large customers will be completed before the end of this year, according to Oman’s Authority for […]

Morocco, NTPC to explore joint green energy projects in Africa – EQ Mag Pro

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Indian state-run energy company NTPC Ltd (BOM:532555) and the Moroccan Agency for Sustainable Energy (MASEN) have signed a memorandum of understanding (MoU) to strengthen their cooperation in the area of renewable energy. Under the terms, the two companies agreed to explore joint opportunities to develop green energy projects in Africa, MASEN said on Wednesday. The […]

Iraq backs green energy projects with USD 682m – EQ Mag Pro

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Iraq’s Central Bank has provided IQD 1 trillion (USD 682.2m/EUR 629.1m) to support the expansion of renewable energy, the Iraqi News Agency (INA) said earlier this week, citing the bank’s deputy governor Ihsan Al-Yasiri. Speaking at a renewable energy forum, Al-Yasiri said that the Central Bank has been cooperating with the Ministry of Environment to […]

Oman mulls blocks for green energy projects on concession basis – EQ Mag Pro

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Decarbonization strategy: New dedicated hydrogen company to be set up after careful review Oman’s Ministry of Energy and Minerals is currently working with a number of government ministries in identifying areas suitable for renewable energy and green hydrogen related investment. This effort is being coordinated with the ministries of Housing and Urban Planning, Defence and the […]