Herbert Smith Freehills has advised Apex International Energy (“Apex”) on its acquisition of interests in four concessions in the Western Desert region of Egypt from IEOC Production (“IEOC”), a subsidiary of Eni. Apex International Energy is a privately-held and private equity-backed independent oil and gas exploration and production company focused on Egypt. The acquisition is […]
Mazghouny & Co secures golden license for a green hydrogen
Mazghouny & Co has successfully assisted the sponsors’ consortium in obtaining the unified license, also known as the “Golden License”, for a green hydrogen project with a total capacity of 100MW at the Suez Canal Economic Zone (“SCZone”) in Egypt. The Golden License is a single approval issued to a company for the establishment, operation and management […]
Eversheds Sutherland advises on Saudi’s latest solar PV project
Eversheds Sutherland has advised the Ministry of Energy and the Saudi Power Procurement Company (“SPPC”) on the successful commercial close of the 2060MW Shuaibah 2 Solar PV Project, in Al Shuaibah, Makkah province. The project, which was completed with AlDhabaan & Partners in association with Eversheds Sutherland (International), has the potential to power 350,000 homes […]
Emerge and Al Dahra to develop rooftop solar project in
Emerge, a joint venture between Masdar and EDF, and Al Dahra Group, an integrated agri-businesses in the Middle East, have entered into a strategic partnership to develop a rooftop solar photovoltaic (PV) installation at Al Dahra Food Industry at Khalifa Industrial Zone Facility Abu Dhabi (KIZAD). The rooftop solar system will be installed on Al […]
Beeah, Masdar and Veolia to operate Sharjah Waste to Energy
Beeah Group, the Middle East’s sustainability and digitalisation expert, Masdar, Abu Dhabi’s clean energy company, and Veolia Near & Middle East, the providers of optimised resource management, have formed a joint venture to operate and maintain the Sharjah Waste to Energy Plant – the region’s first of its kind at commercial-scale. The facility, owned by Beeah Group […]
AMEA Power secures USD1.1B Wind and Solar Energy deal in Egypt
Renewable energy company AMEA Power has achieved the financial close to deliver 1GW of renewable energy projects in Egypt. The landmark 500MW wind and 500MW solar projects, represent USD1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country. Located in the Aswan governorate of Egypt, […]
Baker McKenzie with AMEA Power on 2 renewable projects in
Baker McKenzie Cairo acts as the Egyptian Legal Counsel to AMEA Power on the development and financing of two renewable projects in Egypt with a capacity of 1000 megawatts and value of USD 1.1 billion. The projects, generating wind and solar power are: (i) MW500 Wind Farm located at Ras Ghareb, Gulf of Suez with a total investment […]
Mubadala secures strategic stake in AirCarbon Exchange (ACX)
Abu Dhabi based sovereign wealth fund, Mubadala Investment Company (“Mubadala”) and AirCarbon Exchange (“ACX”), the global exchange changing the voluntary carbon market, have successfully completed a transaction under which Mubadala has acquired a strategic stake in ACX, supporting ACX’s establishment of the first fully regulated carbon trading exchange and carbon clearing house in the Abu Dhabi […]
MBH with TSFE on Egypt’s Green Energy Framework Agreements
Matouk Bassiouny & Hennawy (“MBH”) acted as the Egyptian legal counsel to the TSFE Infrastructure & Utilities Sub Fund (“TSFE”) in connection with the negotiation of framework agreements entered into separately with 9 developers to develop facilities comprised of, among others, renewable energy power plants, green hydrogen/ green ammonia manufacturing facility and storage tanks. The […]
QatarEnergy to construct integrated polymers facility in Texas
QatarEnergy has entered into an agreement with Chevron Phillips Chemical Company to jointly develop an USD8.5 billion integrated polymers facility in Orange, Texas. The companies have made a positive final investment decision on the project and created a joint venture company, Golden Triangle Polymers Company. Chevron Phillips Chemical owns a 51% equity share in the […]