Mubadala buys stake in AirCarbon Exchange
Mubadala Investment Company PJSC (Mubadala) and AirCarbon Exchange (ACX) have finalized a transaction in which Mubadala has purchased a share in ACX, enabling ACX to construct the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi, UAE.
ACX is a global exchange for environmental commodities that utilizes distributed ledger technology within the framework of traditional commodity trade. It uses blockchain architecture to construct carbon credit securities, which enables corporations to exchange and finance carbon credits in the same manner as conventional financial assets, hence increasing involvement and investment in global carbon reduction and offsetting programs.
Country updates
-
-
November 15, 2022
Alcazar Energy Partners II reaches US$336.6m first close
Alcazar Energy Partners II (AEP II), a sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has reached the first closure of US$336.6 million. T...
Read more -
October 27, 2022
DEWA extends deadline of EOI tender for Phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park
The Dubai Electricity and Water Authority (DEWA) of the United Arab Emirates (UAE) have extended the deadline for receiving the Expressions of Interest (EOI) from the international developers to...
Read more -
October 21, 2022
Masdar, EDF to develop 7 MWp solar PV project in Abu Dhabi
Emerge, a joint venture between Masdar and EDF Group, has signed an agreement to develop a 7 MWp ground-mounted solar photovoltaic (PV) project for Khazna Data Centers in Abu Dhabi, UAE. Emerge...
Read more -
October 05, 2022
Ducab Group to supply cables for 2 GW Solar PV project in UAE
Ducab Group has secured a contract to supply and install 400-kV cables and accessories for the Al Dhafra solar plant in Al Dhafra, Abu Dhabi, UAE.
Read more -
September 28, 2022
US$3.8 billion Financing received for 3.2 GW Offshore Transmission Network
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have announced the financial closing of their 3.2 GW Offshore Transmission Network in the MENA region, UAE. Th...
Read more
