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How 2023 shaped the Middle East's post-oil future amid Gulf energy transitions laden with controversy  - Al-Monitor: Independent, trusted coverage of the Middle East

December 2023 Al-Monitor Trend Report 2,247 words The curtain has closed at COP28 in Dubai after delivering a historic global agreement to “transition away” from fossil fuels, but the UAE continues pumping out dealmaking shaping the path to a post-oil future. On Dec. 18, Chinese electric vehicle maker Nio announced a $2.2 billion investment from Abu Dhabi-backed fund CYVN, the same day that Dubai-based decarbonization company Positive Zero revealed it could receive up to $400 million from ...
United Arab Emirates Abu Dhabi Jack Dutton Monitor Trend Report Abu Dhabi Backed Positive Zero

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Positive Zero to Drive Energy Transition in the GCC with BlackRock Investment

At the close of COP28, Positive Zero, a decentralized decarbonization infrastructure business headquartered in the UAE, announced an agreement for a fund managed by BlackRock’s Diversified Infrastructure group to invest up to $400 million in the company. This investment will support Positive Zero’s mission to grow sustainable energy adoption across the Gulf Cooperation Council (GCC), in line with efforts to reduce carbon emissions and limit global temperature rise to 1.5 degrees Celsius, whi...
Positive Zero Diversified Infrastructure Energy Positive Investment Solutions Sustainable Infrastructure Region Details Environment To Zero
Source: wn.com

AW Rostamani embarks on debut solar venture; partners with SirajPower

UAE-based AW Rostamani Group said it has entered into a partnership with SirajPower for deployment of innovative solar solutions with a capacity of 1.7 MWp across its four principal locations in Dubai, thus marking its foray into the solar sector.
United Arab Emirates Khalid Al Rostamani Ali Almarzooqi Mohammed Abdulghaffar Hussain Amina Al Rostamani Fareed Al Janahi

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