Sunway REIT, a leading player in Malaysia's real estate investment trusts (REITs) sector, has partnered with HSBC to execute its first Sustainability-Linked Cross Currency Swap (CCS), reinforcing the REIT industry's commitment to sustainability. The bespoke CCS hedges currency and interest rate risks while incentivizing sustainable performance targets aligned with Sunway REIT's vision of achieving net zero carbon emissions by 2050. This collaboration signifies a significant step towards Malaysia's sustainable finance market and Sunway REIT's ESG goals.
GoodWe introduces EcoSmarTour, an innovative project inspired by bees, aimed at spreading awareness about environmental issues and promoting sustainable practices in the smart energy industry. Partnering with diverse sectors, GoodWe seeks to accelerate the energy transition and achieve global carbon neutrality while fostering collaboration for a greener future.
Aluminium Bahrain has secured a sustainable financing loan of BD1.6 million from Bank of Bahrain & Kuwait to establish its Solar Farm Project. The project aims to promote sustainable development and is in line with Bahrain's objective of achieving Net Zero Emissions by 2060. The Solar Farm will have a capacity of over 6 MW, and will include the installation of about 11,300 photovoltaic solar panels across a total area of 37,000 square meters.
Enlight Renewable Energy Ltd, Israel’s special purpose vehicle is applying for permits to add a solar photovoltaic park and a BESS, battery energy storage system to its 300-MW Gecama wind farm in Spain’s Castile-La Mancha region.
The large-scale development of the renewable energy system will also help to improve employment, living conditions and energy supply for the population of the republic, reduce poverty in rural areas, and improve the level of education, as well as introduce new modern technologies.
ACEN Corporation expects at least 700 megawatts of its solar and wind projects to begin operations in 2023.
Ducab Group is supplying 633 kilometers of medium voltage as well as earthing cables to an Egyptian 70-turbine wind farm. This move strengthens the strong industrial partnership between Egypt and the UAE.
Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched the Solar & Renewable Energy Business Group.
The funds will be utilized to carry out the Power Sector Support Project (PASET), which the AfDB has planned to include in its DtP initiative. PASET aims to provide access to electricity via solar energy for 250 million people in sub-Saharan Africa.
Certified in Brazil by the Totum Institute, the I-RECs can be purchased by industries and commercial establishments to prove that they consume electricity generated by renewable energy sources, such as solar plants, wind farms and biomass thermal plants.