Search
Latest posts
Hyphen Web Desk
‧Masdar Completes Major Stake Acquisition in TERNA ENERGY
Masdar, a global leader in renewable energy, has finalized its acquisition of a 70% stake in TERNA ENERGY SA, a prominent Greek clean energy company. This transaction, priced at €20 per share, positions TERNA ENERGY at an enterprise value of €3.2 billion, marking the most s…
Hyphen Web Desk
‧Gulf Cryo Partners with Aramco for Lower-Carbon Hydrogen Testing
Gulf Cryo, a prominent player in gas solutions in the Middle East, has teamed up with Saudi Aramco to advance the development and assessment of lower-carbon hydrogen technologies. The collaboration focuses on testing hydrogen solutions with an emphasis on reducing carbon em…
Hyphen Web Desk
‧UAE plans large-scale solar projects to meet energy needs by 2030
The UAE is accelerating its efforts to expand solar power capacity, targeting several ambitious large-scale projects to meet the growing electricity demand and ensure energy sustainability. With a strong push towards renewable energy, the UAE aims to significantly increase …
Hyphen Web Desk
‧NTPC Green Energy shares soar 12% on strong debut
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd., made an impressive debut on stock exchanges, recording a 12% rise in its share price on the first day of trading. The shares opened at ₹102, aligning with the lower end of the IPO price band of ₹102-108, and close…
Hyphen Web Desk
‧Investment Strategies Need to Align with Sustainability Goals
Investment strategies must be aligned with global sustainability goals to ensure long-term growth that is both economically viable and environmentally responsible, according to James Zhan, chair of the World Investment Conference (WIC) executive board. His comments, made du…
Hyphen Web Desk
‧EU Eyes Stronger Green Energy Partnership with Saudi Arabia
The European Union is ramping up efforts to enhance its collaboration with Saudi Arabia in the field of green energy, seeking to bolster clean energy initiatives and investments. This push comes as part of broader EU objectives to reduce its reliance on fossil fuels, accele…
Hyphen Web Desk
‧ENEC and ADNOC to Pursue Nuclear Technology in Oil Sector
The Emirates Nuclear Energy Corporation (ENEC) and the Abu Dhabi National Oil Company (ADNOC) have announced a strategic partnership to explore the application of nuclear energy in the oil and gas sector. This collaboration marks a significant step toward expanding the use …
Hyphen Web Desk
‧Adani Group's Green Energy Ambitions Tied to U.S. Bribery Indictment
Gautam Adani, the Indian billionaire behind Adani Green Energy, is facing a significant legal challenge as U.S. authorities have charged him and two other executives in connection with a sprawling bribery scheme tied to the company’s massive renewable energy projects. On No…
Hyphen Web Desk
‧Bahrain Mall Advances Net Zero Goals with Solar Plant Partnership
A prominent shopping center in Bahrain has joined forces with Yellow Door Energy to launch a 4.7 MWp solar power plant, marking a significant step in the kingdom's efforts to achieve net-zero carbon emissions by 2060. The new solar plant, which will supply clean energy …
Hyphen Web Desk
‧Climate Action Insufficient, Thai Minister Urges COP29 to Act
A leading Thai official has underscored the inadequacy of current measures to combat the rising global temperature, emphasizing the need for urgent action at the ongoing UN climate change conference in Baku. Chalermchai Sri-on, Thailand's Minister of Natural Resources a…
Hyphen Web Desk
‧Saudi Arabia to Launch UN Forum on Desertification with Green Zone
Saudi Arabia is set to host a groundbreaking United Nations forum focused on combatting desertification, marking a significant step in the global fight against land degradation. This event, which will be held under the Kingdom's presidency of the UN Convention to Combat…
Hyphen Web Desk
‧Global Push for Climate Finance Takes Center Stage at COP29
The urgency of addressing climate finance dominated discussions at COP29 in Baku, Azerbaijan, as leaders from across the globe convened to tackle the escalating impacts of climate change. With rising temperatures already affecting vulnerable populations disproportionately, …
Hyphen Web Desk
‧Masdar Joins Forces with China’s Silk Road Fund for Green Energy Investment
Masdar, the UAE’s leading renewable energy company, has forged a strategic partnership with China’s Silk Road Fund to advance a series of renewable energy projects. This collaboration is expected to boost global efforts in sustainable energy development, with a particular f…
Hyphen Web Desk
‧Saudi Aramco CFO Forced Off Stage During US Climate Forum
Climate activists disrupted a prominent event featuring Saudi Aramco's Chief Financial Officer in the United States, underscoring mounting tensions over fossil fuels at a critical time for energy policy and environmental advocacy. During the talk, protesters interrupted…
Hyphen Web Desk
‧Saudi Investment Bank Sukuk Yield Set at 6.375%
Saudi Investment Bank has priced its first Additional Tier 1 (AT1) sukuk at 6.375%, marking a significant milestone in the Islamic finance sector. The deal, which was announced to global investors this week, is expected to bolster the bank's capital position and strengt…
Hyphen Web Desk
‧Adani Green’s Subsidiaries Appoint Banks for Green Bonds
Adani Green Energy’s subsidiaries have mandated banks for the issuance of USD-denominated green bonds, marking a significant step in the company's expansion of its sustainable financing efforts. This move follows a broader trend in the renewable energy sector, where cor…
Hyphen Web Desk
‧Emirates NBD leads with a sustainability-linked loan initiative
Emirates NBD, one of the largest banking groups in the Middle East, has engaged multiple banks for a five-year sustainability-linked loan. This initiative represents a significant step in aligning its financial strategies with environmental, social, and governance (ESG) pri…
Hyphen Web Desk
‧Saudi Arabia unveils ambitious initiatives at UNCCD COP16
Saudi Arabia is set to host the 16th session of the United Nations Convention to Combat Desertification (UNCCD COP16) in Riyadh, marking the first time this global conference is held in the Middle East. Scheduled for December 2-13, 2024, the event will convene representativ…
Hyphen Web Desk
‧Climate Action Must Adapt to New Realities
Global climate goals are facing an escalating challenge as the 1.5°C target, a key ambition set under the Paris Agreement, increasingly appears unattainable. Despite decades of concerted global efforts, the pace of emissions reductions has remained insufficient to halt the …
Hyphen Web Desk
‧Masdar strengthens renewable energy footprint with Kazakhstan wind farm deal
Masdar, the UAE’s prominent renewable energy company, has signed a landmark power purchase agreement for a 1GW wind power project in Kazakhstan's Jambyl region. This ambitious initiative aligns with both nations’ shared commitment to expanding renewable energy capacitie…
Hyphen Web Desk
‧Masdar and SOCAR Achieve Milestone with 760MW Solar Projects in Azerbaijan
Masdar, the Abu Dhabi-based renewable energy firm, and the State Oil Company of Azerbaijan (SOCAR) have finalized financing for their solar ventures in Azerbaijan, marking a significant step in the region’s transition to renewable energy. The projects, totaling a combined c…
Hyphen Web Desk
‧Global Glacier Retreat Accelerates, New Study Highlights Urgency
The pace at which glaciers are retreating across the globe has quickened, according to a new study that underscores the alarming consequences of climate change. The research, conducted by a group of international scientists, reveals a significant uptick in the speed of ice …
Hyphen Web Desk
‧Saudi Arabia Deepens Green Energy Ties with Central Asia at COP29
Saudi Arabia has further solidified its leadership in global green energy initiatives by signing a groundbreaking pact with Central Asian nations at COP29, amplifying efforts to address climate challenges and push for a greener future. This move, which underscores Riyadh…
Hyphen Web Desk
‧Climate Finance Takes Center Stage at COP29
As COP29 convenes in the United Arab Emirates, the growing urgency surrounding climate finance has emerged as one of the central themes of discussions. With world leaders absent from the talks, the focus has shifted to the pressing need for increased financial commitments t…