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Schneider Electric, a global leader in energy management and automation, has signed an agreement with Positive Zero, a decentralised decarbonisation infrastructure business, to help drive the development of sustainable energy solutions in UAE and Oman.
In the Middle East and Africa power industry, there were 3 private equity deals announced in Q4 2023, worth a total value of $418.8m, according to GlobalData's Deals Database.
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 BlackRock, the world’s largest asset manager.
The investment from BlackRock is expected to help Positive Zero, a decentralised decarbonisation infrastructure business, with boosting energy transition projects in Gulf countries.
Positive Zero, a decentralised decarbonisation infrastructure business headquartered in