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Middle East and Israel

19 June 2013

Germany’s SolarWorld confirms €35m Qatar investment

SolarWorld, one of Germany’s most high-profile embattled solar business, may receive up to €35m from Qatar as part of restructuring efforts.

19 June 2013

REC enters Middle Eastern solar market

European solar business REC has entered the Middle Eastern market through the opening of an office in Dubai.

18 June 2013

Investcorp takes stake in Saudi energy services group AYTB

Bahrain-listed alternative investment manager Investcorp has agreed to acquire a 38 per cent stake in Al Yusr Industrial Contracting Company, a provider of technical industrial support services to the oil & gas and water management sectors in Saudi Arabia and Qatar.

18 June 2013

Rumours of Qatar investment sees SolarWorld’s shares spike

SolarWorld’s shares rose sharply today after a number of reports suggested Qatar Solar Technologies would acquire a 30 per cent stake as part of a restructuring.

17 June 2013

Investor-backed Salka Energy launches to fund renewables projects

Salka Energy has been launched as a renewable energy development company by a senior ex-Gamesa executive and backed by Gulf-based ultra-high net worth investment group Wofi Capital.

17 June 2013

Update: Siemens to complete Solel shutdown by early 2014p

Siemens confirmed to NewNet that it will now shut down its Israeli solar thermal unit, four years after purchasing it, as part of a group-wide exit from the solar sector.

17 June 2013

Masdar PV, Helmholtz-Zentrum Berlin strengthen R&D partnership

Masdar PV and Helmholtz-Zentrum Berlin have strengthened their R&D partnership with a new focus on next generation thin-film silicon technology.

17 June 2013

Siemens to shut Solel solar business on failure to find buyer

Industrial group Siemens is reportedly planning to close solar division after failing to find a buyer for it.

14 June 2013

Cyber attacks on clean energy infrastructure threaten Middle Eastp

Clean energy systems connected to older energy infrastructure are vulnerable to cyber attacks, particularly in the Gulf region, according to energy consultancy DNV KEMA.

11 June 2013

Tetra Tech wins $400m USAID clean energy contract for critical priority countries

Tetra Tech has been awarded a $400m contract to provide technical assistance to the US Agency for International Development (USAID) clean energy programme which addresses demand for clean energy in critical priority countries.

11 June 2013

Offers on the table for Better Place

Defunct Israeli sustainable transport pioneer Better Place is already attracting international investor interest, according to the company’s liquidators.

11 June 2013

Israel’s Zenith Solar goes into liquidationp

Israeli solar thermal developer Zenith Solar has gone into liquidation and is attempting to sell its assets, NewNet has learned.

6 June 2013

Israeli tech investor Vintage Investment Partners beats target for fund six

Vintage Investment Partners has raised $161m for its sixth technology secondary fund, which is ahead of the $150m target and double the size of its previous vehicle.

3 June 2013

Saudi Aramco Energy Ventures backs Zilift

The corporate venturing arm of energy major Saudi Aramco has closed an equity investment into Zilift, a developer of through-tubing deployed artificial lift systems that use permanent magnet motors.

30 May 2013

World Bank calls for doubling of green power investmentsp

A further $800bn of investment may be needed to ensure global energy supplies and the transition to a low carbon power mix – double the figure currently spent - according to a new report by the World Bank, with vice president Rachel Kyte stressing the bank must continue to increase its investment rate.

30 May 2013

MENA Infrastructure Fund takes stake in Oman’s largest water desalination plant

Dubai-headquartered MENA Infrastructure Fund has acquired a 20 per cent stake in Sohar Power, the owner and operator of Oman’s largest power generation and water desalination plant.

29 May 2013

‘New era’ dawns for renewable energy industry, says E&Y

Energy demand, natural resource, technology costs, access to finance and global competitiveness have been identified as the key influences for investors in the global clean energy space, according to the tenth anniversary edition of the Renewable Energy Country Attractiveness Index (RECAI), from Ernst & Young.

28 May 2013

Abraaj sets groundwork for $250m North Africa fund

Multi-sector investor Abraaj Capital is reportedly planning a new $250m fund aimed at investing in North African small- and medium-sized businesses.

28 May 2013

Analysis: How Better Place lost chargep

Better Place, the Israeli venture-backed business founded by Shai Agassi, has failed as a billion-dollar bet on how to revolutionise the world’s automobile market by filing for bankruptcy protection.

28 May 2013

Israeli electric car pioneer Better Place plans to liquidate

Better Place, the Israeli electric car networks pioneer majority owned by Idan Ofer’s Israel Corp, has collapsed and applied for bankruptcy protection.

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