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TOP STORIES: Saudi’s minerals bonanza + A slew of debt from the region

... peninsula. Egypt, Tunisia, and Algeria also have similar Europe-bound links in the pipeline. Sound familiar? Fortescue said last year that it was partnering with Belgian maritime infrastructure firm Jan De Nul to lay a subsea cable to export green electricity from North Africa to Europe but the timeline and investment value were not disclosed. Juan De Nul also inked an agreement i...

Friday, 16 May 2025

Egypt-Italy interconnection could cost up to USD 20 bn

... according to Ecco.More from Tunisia + Algeria: An EU-backed 600 MW interconnector linking Tunisia to Italy — Elmed — is advancing after securing USD 269 mn in financing from the World Bank. Algeria’s state-owned oil and gas firms Sonatrach and Sonelgaz also inked an MoU last summer with Italian energy group Eni to study the feasibility of a planned subsea power interc...

Friday, 2 May 2025

TOP STORIES: Morocco’s MAD 220 bn investment plan + Emicool gets its first AED 2 bn in green financing

... inking a protocol to launch an Algeria-based solar panel production venture, according to a statement issued on Monday. The announcement came during Longi’s regional president James Jin visit to Algeria where he also discussed potential collaborations in green hydrogen and energy storage with Algerian officials, according to a separate statement published on Monday.WH...

Friday, 25 April 2025

EV, green manufacturing, mining, and sustainability updates from UAE, Saudi Arabia, Algeria, and more

... operational.RENEWABLES-EU, Germany to back Algeria’s energy transition: Algeria has launched the EUR 28 mn TaqatHy+ initiative to scale up renewable energy deployment and kickstart a green hydrogen economy, according to a statement on Monday. The program — to be implemented by GIZ under the supervision of the Energy Ministry — is co-funded by the EU and Germany’s BMZ,...

Friday, 18 April 2025

Masdar is on acquisition roll in the Iberian Peninsula

... pipelines that carry fuel from Algeria to Spain. #3- Emirati investors are among those in talks to buy up to 30% of Canadian mining firm Hudbay Minerals ’ flagship Copper World project in Arizona within six months, Bloomberg reported last week. Saudi Arabia’s Manara Minerals Investment Company and Japanese trading houses are also interested in an acquisition, CEO Peter Kukielski...

Friday, 28 March 2025

TOP STORIES: Brazil’s COP30 plan + India’s Sterlite Power is mulling a multi bn USD investment in Egypt

... infrastructure across Saudi.#5- Algeria-Tunisia-Libya interconnection incoming: Algeria is set to sign an MoU with Tunisia and Libya to conduct preliminary studies for an electricity interconnection project, state-owned Sonelgaz director of studies Habib Mohamed Akhdar told APS on Sunday. No timeline has been disclosed for the studies or potential implementation. ICYM...

Friday, 21 March 2025

Kuwait advances its renewables partnership with China

... projects in the Gulf of Suez.#2- Algeria has kicked off construction on an 80 MW photovoltaic (PV) solar power plant in Abadla, Bechar province, according to a statement issued on Monday. The plant will be built in two phases, with the first subfields expected to come online around December 2025 and January 2026, and will be connected to the national grid via a 30/60 kV substation...

Friday, 21 March 2025

TOP STORIES: Morocco taps investors for green hydrogen projects + IMF backs Egypt’s climate efforts

... of solar and wind energy. #3- Algeria will start connecting the first batch of projects from its 3.2 GW solar initiative between the end of the year and early 2026, the Energy Ministry’s Renewables Secretary Nour-Eddine Yassa told state-owned channel Chaine Une on Monday (watch, runtime: 51:48). The 3.2 GW of capacity is distributed over 20 projects with capacities of 50-300 MW, ...

Friday, 14 March 2025

TOP STORIES: Al Futtaim invests in BYD + Tabreed wraps green sukuk offering

... of the decade. AND- China eyes Algeria for EV production: China’s SFE GROUP has pitched to the Algerian government a plan to set up an EV production facility in the 150-hectare Horchaa Industrial Zone in Naama Province, Algeria, according to a statement issued last week. The project’s plan is still in a preliminary phase, with final approvals and procedural sign-offs ...

Friday, 7 March 2025

TOP STORIES: Saudi’s Ceer and Egypt’s Infinity make an EV push + investment updates galore

... (736 MW), Tunisia (669 MW), and Algeria (423 MW). Despite the rapid growth, current and planned installations still fall far short of the 2030 target, requiring acceleration in renewable deployment. Hydrogen ambitions are similarly reliant on scaling up renewables, as the region aims to produce nearly 10 mn tonnes per annum of hydrogen by 2030, with KSA leading (at 4 mn), followed...

Friday, 14 February 2025

Acwa and Italy’s Snam to cooperate on green hydrogen supply chains

... initiative, including Tunisia and Algeria, inked a joint declaration of intent for the project last week. Both Italy and Acwa eyeing Tunisia for green hydrogen: Acwa is exploring the development of a USD 6.2 bn renewables-powered hydrogen project, with a capacity of 200k tons, which will be exported to Europe via the SoutH2 Corridor. Italy’s Enel Green Power is reportedly working ...

Friday, 31 January 2025

SoutH2’s member nations sign intent agreement

Italy, Germany, Austria, Algeria, and Tunisia signed a joint declaration of intent for the SoutH2 Corridor pipeline, the Italian Foreign Ministry said in a statement released on Tuesday. Algeria’s state-owned Sonatrach, Germany’s VNG, Italy’s Snam and Sea Corridor, and Austria’s Verbund signed an MoU to launch feasibility studies for the 3.3 km hydrogen pipeline connectin...

Friday, 24 January 2025

TOP STORIES: Rivian finalizing mega financing + Saudi’s Future Minerals Forum are headliners this week

... solar tender, Boul said.[wwtt4]#5- Algeria relaunches 520 MW solar projects tenders after terminating initial selection: Algeria’s Sonelgaz has relaunched national and international tenders to construct three large photovoltaic power plants in Algeria, Echorouk reported last week. The projects were originally awarded to a consortium of Cosider Canalisatio...

Friday, 17 January 2025

TODAY: Abu Dhabi puts a domestic carbon pricing scheme in motion

... mechanism and some updates on Algeria’s renewables push. But first, another worrying (yet unsurprising) report on climate change-driven heating...THE BIG CLIMATE STORY OUTSIDE THE REGION- The world was exposed to an extra 41 days of dangerous and potentially fatal heat in 2024 due to climate change, according to analysis (pdf) by the World Weather Attribution (WWA) and Climate Ce...

Monday, 30 December 2024

TODAY: A big day for Acwa + Hassan Allam Utilities secures renewables financing

... potential renewables collaboration: Algeria’s state-owned Sonlegaz’s CEO and President Mourad Adjal paid a visit to GE Vernova in Atlanta to discuss expanding their renewables collaboration. The two parties explored the possibility of adding a production line for transformers under their joint venture GE Algeria Turbines (GEAT) to be used for renewable energy projects...

Thursday, 19 December 2024

TODAY: COP29 fizzles out with a “check in the mail” + IFC kicks in USD mns in green financing to Egypt

... reducing electricity imports from Algeria and Libya. The government expects solar and wind energy projects to produce nearly 4.85 GW of green electricity by 2030#4- EU + China make headway towards an agreement over tariffs on Chinese EVs entering the bloc, Reuters reported on Friday, citing remarks by EU Parliament trade committee chair Bernd Lange on German broadcast show n-tv. C...

Monday, 25 November 2024

Green finance and mining updates from Morocco and Algeria

... capacity of around 35 mn m3. MINING-Algeria + DCR partner on mining:Algeria and the Democratic Republic of Congo (DRC) have signed a protocol agreement in the fields of geology and mining, according to a statement published last week. The agreement aims to enhance governance in mining, provide training for professionals, and promote sustainable management of mineral r...

Monday, 18 November 2024

Fertiglobe reports first set of earnings since Adnoc acquisition, with the producer set to snap up Adnoc’s stake in Exxon’s Texas hydrogen project

... the impact of power outages in Algeria and to natural gas curtailments in Egypt due to declines in production amid hot weather at the beginning of the quarter, Fertiglobe CEO Ahmed El Hoshy said. Meanwhile, the company’s sale volumes inched down 2% to 4.2 mn tons during 9M 2024. Excluding these external factors, its own-produced volumes would have been up 2.1% y-o-y in 3Q and 5% i...

Tuesday, 12 November 2024

MINING | Climate

WMZ contracts Sinosteel for Algerian zinc project

A new Zinc mining project in Algeria: Algerian-Australian JV Western Mediterranean Zinc Spa (WMZ) signed a USD 336 mn Engineering, Procurement, and Construction (EPC) contract with China’s Sinosteel Equipment & Engineering to develop the Tala Hamza Zinc and Lead Project in Algeria, according to a company disclosure (pdf). Funding agreements for the EPC contract have been ...

Tuesday, 5 November 2024

Morocco inks EUR multi-bn clean energy agreements during Macron visit

... Europe, Reuters reports.REMEMBER- Algeria is also being tapped for hydrogen: Algeria’s Sonatrach recently signed an MoU with Germany’s VNG, Italy’s Snam and Sea Corridor, and Austria’s Verbund to conduct feasibility studies for the implementation of the SoutH2 Corridor pipeline. Sonatrach also signed an MoU with Mubadala-owned Spanish oil refiner Cepsa to jointly expl...

Thursday, 31 October 2024

Sonatrach signs MoU to conduct feasibility studies to join SoutH2 Corridor project

SoutH2 Corridor feasibility studies are underway: Algeria’s state-owned Sonatrach signed an MoU with Germany’s VNG, Italy’s Snam and Sea Corridor, and Austria’s Verbund to conduct feasibility studies for the implementation of the SoutH2 Corridor pipeline, according to a press release (pdf). The parties are set to jointly study the green hydrogen value chain of green hydrogen if ...

Tuesday, 15 October 2024

Unprecedented rainfall partially floods the Sahara desert in Morocco

... lost their lives in Morocco and Algeria, and the floods damaged crops, prompting the government to allocate emergency relief funds. Despite the immediate benefits of the rainfall, it remains uncertain if it will alleviate the conditions created by long-term drought.

Tuesday, 15 October 2024

Renewables growth to exceed expectations, still to fall short of COP28 target to triple by 2030

... challenges.” Saudi Arabia, Egypt, and Algeria would account for almost 60% of that capacity goal but are among those off track to meet their ambitious targets. UAE, Oman, and Morocco, however, are on track to hit their expansion targets. What can be done to boost MENA’s performance? The entire region has the potential to push growth to 60% above projections by speeding up auctions...

Tuesday, 15 October 2024

TODAY: PIF launches a tap sale of 10-year maiden green bond + Egypt’s carbon market heats up

... coastal Mauritania, and North-West Algeria — recorded the highest temperature anomalies in 2023, the report found, noting that Morocco showed the most significant anomaly, with temperatures rising 1.25°C above the 1991 to 2020 average. North-West Africa also suffered from significant rainfall declines, particularly in Morocco, Algeria, Tunisia, and Western Libya, wher...

Wednesday, 4 September 2024

Algeria exports EV charging stations to Italy and Libya

ELECTRIC VEHICLES-Algeria begins exporting EV charging stations: The Algerian Company for Electrical and Gas Industries (SAEG) — a subsidiary of state-owned Sonelgaz — started exporting EV charging stations to Italy and Libya, according to a statement released earlier this week. SAEG delivered 433 charging stations, including medium-capacity (60 kW) and high-capacity (322 kW) units as...

Tuesday, 3 September 2024