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Middle East and Israel

21 May 2013

Sembcorp commissions $1bn Oman water desalination, gas plant

Singapore’s Sembcorp has commissioned the $1bn Salalah Independent Water and Power Plant in Oman yesterday marking an increase in bilateral trade between the two countries.

20 May 2013

State-backed Qatari trio launch $1bn overseas energy fundp

A trio of state-backed Qatari entities will establish an overseas fund to invest in energy and water infrastructure.

17 May 2013

Update: Masdar, IFC’s $1.5bn clean power tie-up to focus on MENA

The International Finance Corporation (IFC) will make $1.5bn of fund and direct investments into clean power through a new partnership with Masdar that a spokesperson told NewNet will initially focus on MENA opportunities.

14 May 2013

APR Energy, Hertz join forces to target Saudi Arabia

APR Energy and Hertz Dayim Equipment Rental, the joint venture between Hertz Equipment Rental Corporation and Dayim Holdings Company, have formed a partnership agreement to develop business for fast-track power solutions in Saudi Arabia.

9 May 2013

Better Place’s $100m equity raise leads Israeli PE activityp

Electric vehicle pioneer Better Place’s equity deal constituted more than half of the total quarterly value of Israeli private equity transactions in the first quarter as it secured $100m from institutional and corporate investors.

8 May 2013

IBM enters Pakistan’s hydropower market

IBM asset management software will be used at a $235m hydropower plant in Pakistan in the country’s first private sector scheme of its kind.

7 May 2013

Kuwait pledges $215m to Jordan’s wind, LNG ambitions

A Kuwaiti development fund has awarded grants of $215m to Jordan for it to develop wind and liquefied natural gas projects.

3 May 2013

SolarWorld on brink of getting Qatari investment

SolarWorld, which earlier this week said it had reached a preliminary deal to restructure €1.2bn in debt, said it is close to securing backing from a Qatari investor.

25 April 2013

CF Partners invests in WWF in Russia’s Far East

Risk advisory and investment firm CF Partners has advised on and invested in a WWF emissions reduction project conserving a region of virgin forest in Russia’s Far East, protecting the endangered Amur Tiger.

22 April 2013

Soitec signs deal with Khaled Juffali to boost solar energy in Saudi Arabia

Solar company Soitec has struck a deal with Khaled Juffali to cooperate on driving solar industry growth in Saudi Arabia and the Middle East.

19 April 2013

UAE touts renewable energy as ‘the future’p

Renewable energy investment in the United Arab Emirates will be actively encouraged under a new integrated power policy.

19 April 2013

Former Israeli PM Ehud Olmert launches new venture capital firm

Israel’s former Prime Minister Ehud Olmert is to launch up a new venture capital firm alongside Kazakh businessman Kenges Rakishev and web entrepreneur Moshe Hogeg.

17 April 2013

Libya readies to issue duo of solar tendersp

Libya is reportedly readying to issue tenders for two new solar plants as it aims to derive a fifth of its power from renewables by 2020.

9 April 2013

Greenko shareholders back £100m investment from Singapore

Shareholders of Indian wind and hydro developer Greenko have supported plans for a £100m ($151m) equity investment from the Singaporean government.

9 April 2013

M+W Group to build 55MW solar plant in Israel

German engineering and construction company M+W Group will construct a 55MW solar PV plant in Israel.

25 March 2013

Siemens signs MoU with Qatar’s Green Gulf

Siemens has signed a memorandum of understanding (MoU) with Green Gulf that will see the two cooperate on the development of energy efficiency and urban transport projects.

19 March 2013

Terra Venture Partners hits first close for $50m fund IIp

Israeli early stage investor Terra Venture Partners told NewNet it had raised $20m towards its second fund and hopes to reach a final close of $50m within a year.

18 March 2013

Masdar launches world’s largest concentrated solar power plant Shams 1

Masdar, along with partners Total and Abengoa, today launched Shams 1, the world’s largest concentrated solar power plant now in operation.

11 March 2013

First Solar becomes new shareholder in Desertec

First Solar is extending its commitment to desert power by becoming a shareholder in Desertec holding group Dii, which is focused on creating an industrial-scale market for renewable energies from the desert regions for North Africa and the Middle East.

8 March 2013

Zayed Future Energy Prize opens to applicantsp

This year’s Zayed Future Energy Prize, which offers a $4m award to innovators in renewable energy and sustainability, has now opened to applicants.

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