Middle East ESG Weekly Round-Up
Main ESG events happened at Middle East in the last week.
Masdar and TotalEnergies Partner on Green Hydrogen-to-SAF Project
Masdar and TotalEnergieshave joined forces to develop a green hydrogen-to-SAF (Sustainable Aviation Fuel) project in Abu Dhabi. This ambitious initiative aims to decarbonize the aviation and maritime sectors by capturing and utilizing CO2 emissions. The project follows the successful methanol to SAF test flight conducted during COP28 in 2023, demonstrating the feasibility of sustainable aviation fuels. By leveraging green hydrogen, the project seeks to provide a cleaner alternative to conventional fuels, supporting the global shift towards sustainable energy solutions and reducing the carbon footprint of these critical sectors.
ClearVue Technologies Partners with Alutec for Solar Vision Glass
ClearVueTechnologies Limited announced a partnership with Aluminium Technology Auxiliary Industries WLL (Alutec), a Qatari facade engineering company, to manufacture and distribute its innovative Solar Vision Glass. This collaboration aims to integrate ClearVue’s advanced solar technology into Alutec’s high-performance facade systems, enhancing energy efficiency and sustainability in building projects across Qatar and the Middle East. The Solar Vision Glass allows buildings to generate electricity from windows, contributing to green building initiatives and reducing reliance on traditional energy sources.
CLEAR Fund Raises $200 Million for Climate Mitigation in Africa
The Helios Climate, Energy Access, and Resilience (CLEAR) Fund successfully raised approximately $200 million in its first close. The fund focuses on investments aimed at climate mitigation and adaptation in Africa, addressing critical issues such as energy access and resilience to climate impacts. The CLEAR Fund seeks to support projects that promote sustainable development and contribute to the continent’s climate goals, leveraging its capital to drive significant environmental and social impact.
Ghafa and Atsuya Sign Energy Optimisation MoU
The UAE’s Ghafa Sustainability and Energy Solutions LLC signed a Memorandum of Understanding (MoU) with India’s Atsuya Technologies Pvt Ltd. This partnership aims to enhance energy optimisation, water consumption, and energy efficiency in various sectors. The MoU signifies a collaborative effort to implement advanced technologies and sustainable practices, contributing to the UAE’s environmental goals and promoting resource efficiency.
Tunisia Signs MoUs for Green Hydrogen Production
Tunisia’s Ministry of Industry, Energy and Mines has signed six Memorandums of Understanding (MoU) with nine European companies to advance the production of green hydrogen. These agreements aim to develop infrastructure and technology for hydrogen production, positioning Tunisia as a key player in the green hydrogen market. This initiative aligns with Tunisia’s commitment to sustainable energy and reducing carbon emissions, fostering international cooperation in renewable energy development.
GCFC and IRENA Partner to Scale Climate Finance and Renewable Energy
The Global Climate Finance Centre (GCFC) and the International Renewable Energy Agency (IRENA) have formed a strategic partnership to enhance climate finance and promote renewable energy initiatives globally. This collaboration seeks to mobilize financial resources and expertise to support the transition to sustainable energy systems. The partnership underscores the importance of coordinated efforts in addressing climate change and accelerating the deployment of renewable energy solutions worldwide.
Trinasolar Completes 70MW PV Power Station in Arabian Peninsula
Trinasolar, a leading provider of smart PV and energy storage solutions, has completed and inaugurated a 70MW photovoltaic power station in the Arabian Peninsula. This project represents a significant milestone in the region’s renewable energy sector, contributing to the diversification of energy sources and carbon emissions reduction. The new power station is expected to provide clean energy to thousands of homes, supporting regional sustainability goals.
Masdar and Endesa Partner for Renewable Energy in Spain
Masdar, a leading renewable energy company, has partnered with Endesa to develop a 2.5 gigawatt (GW) renewable energy project in Spain. This collaboration aims to expand renewable energy capacity and support Spain’s clean energy transition. The partnership leverages Masdar’s expertise in renewable energy development and Endesa’s strong presence in the Spanish energy market, contributing to global efforts to combat climate change.
Dubai’s Air Chateau and CRISALION Partner for E-Air Taxi Services
Dubai’sAir Chateau has partnered with CRISALION to introduce electric air taxi services in the UAE. This innovative initiative aims to revolutionize urban mobility by offering sustainable and efficient transportation solutions. The partnership aligns with Dubai’s vision of becoming a leader in smart and sustainable mobility, enhancing connectivity while reducing the environmental impact of transportation.
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