Middle East

climate finance

Ecobank raises first sub-Saharan tier two sustainability notes

Ecobank Transnational Incorporated (ETI), the Lomé based parent company of the Ecobank Group, announced that it has successfully raised $350 million tier two sustainability notes. This represents the first ever tier two sustainability notes by a financial institution in sub-Saharan Africa.

Orange deploying solar solutions across Africa and Middle East

Innovative solar solutions are at the forefront of Orange’s initiative to avoid using generators that run on fossil fuels that emit CO2. This is in-line with their goal to reduce the company's carbon footprint to zero by 2040.
Zimbabwe

GWEC: Africa is only using 0.01% of its wind potential

The latest data released by the Global Wind Energy Council (GWEC), Africa and the Middle East region installed 821MW of new wind power capacity in 2020, pushing total capacity in the region over 7GW.
Rhino Sanctuary

Solar dominates power industry contracts in MEA

Middle East and Africa power industry contracts dropped 3% in quarter three of 2020, with solar being the top tech area for investment in the energy sector.
solar energy fuel of the future

Net-metering gaining favour throughout Middle East and Africa

Countries in the Middle East and Africa are using the introduction and improvement of net-metering schemes to support solar PV auctions and installations.
renewable power capacity

MENA region remains committed to renewables despite market challenges

The MENA region aims to lower energy costs through renewables despite supply chain disruptions to the commercial model for privately financed power plants.

Consortium wins bid to build 500MWac solar PV plant in Middle...

The development of a 500MWac solar PV power plant on the BOO basis is set to increase power supply in the Sultanate of Oman, Middle East.
China

Middle East countries favour sovereigns in funding renewables

Societe Generale’s chief executive for Middle East says the bank expects sovereigns to increasingly turn to green bonds as part of their funding mix.

Middle East to add highest gas processing capacity to 2022, says...

Global gas processing capacity is expected to grow by 13.5% between 2018 and 2022, from the current 531 billion cubic feet per day (bcfd)...

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