Author: admin

Dubai Electricity and Water Authority (DEWA) Established: 1992 Headquarters: U.A.E. CEO and Managing Director: Saeed Mohammed Al Tayer DEWA’s 2022 Sustainability Report states that it has committed $1.9 billion for investments in smart grid initiatives, which it began in 2014 and will continue up to 2035. As of 2022, it had installed more than 350 EV green charging stations, with over 630 charging points in Dubai. DEWA has noted a 14% share of clean energy capacity in its energy mix and a 9.22 million ton carbon emission reduction. In July 2022, it also added 700 MW of energy production capacity,…

Saudi Electricity Company (SEC) Established: 2000 Headquarters: Saudi Arabia CEO: Khaled AlGnoon SEC is working to reduce carbon emissions and enable a targeted energy mix in Saudi Arabia to generate 50% of electricity from renewable energy sources and 50% from natural gas by 2030. In April 2023, the SEC announced the completion of a dual-tranche series of green and conventional sukuks, with a total of $2 billion under its international sukuk program. The 10-year green sukuk raised $1.2 billion.

Emirates Water and Electricity Company (EWEC) Established: 2018 Headquarters: U.A.E. CEO: Othman Al Ali EWEC is the sole procurer of water and power in Abu Dhabi and is part of ADQ. It coordinates, plans, and purchases supply water and electricity by partnering with plants across the U.A.E. In February 2023, it met 80% of its power demand using renewable and clean energy from its solar and nuclear plants, equivalent to 6.2 gigawatts. In May 2023, EWEC partnered with Zero Two to announce the largest single purchase of clean energy certificates to date, covering 7.3 million MGW hours of clean energy.

AMEA Power Established: 2016 Headquarters: U.A.E. Chairman: Hussain Al Nowais In August 2023, Dubai-based renewable energy corporation AMEA Power signed a 25-year power purchase agreement with the Government of Djibouti for a 25 MW solar photovoltaic project with battery storage. This project will enable Djibouti to reach its goal to reduce its CO2 emissions by approximately 40% by 2030. In November 2022, AMEA Power completed a $1.1 billion deal to deliver one GW in renewable energy projects in Egypt, including 500 MW of wind and 500 MW of solar projects. In December 2022, the company won a 120 MW solar…

Tadweeer Established: 2015 Headquarters: Saudi Arabia Managing Director: Nasser Mohammed Al-Dueb Tadweeer provides solutions for recycling electronic and electrical equipment in Saudi Arabia. Its clients include Ertiqa, the Saudi Investment Bank, and Dur Hospitality, among others. In 2022, Tadweeer signed a contract with PrimeGate for Communications and IT to recycle replaced copper cables. It also signed an MoU with the Saline Water Conversion Corporation to recycle waste materials from desalination plants, an MoU with the Saudi’s Ministry of Communications and Information Technology to recycle one million devices in five years, and a contract with the Saudi Energy Efficiency Center to…

Oman Environmental Services Holding Company (be’ah) Established: 2007 Headquarters: Oman CEO: Tariq Al-Amri be’ah works in solid waste management. Its operations range across handling waste generated by municipal, industrial, and healthcare activities and connecting different service providers in the waste sector. In October 2022, be’ah signed an agreement with OQT for an emission reduction project development in Oman. In May 2023, it signed an MoU with Rihal to use AI in waste inspection.

BEEAH Group Established: 2007 Headquarters: U.A.E. Vice-Chairman and Group CEO: Khaled Al Huraimel BEEAH Group has eight verticals: BEEAH Tandeef, BEEAH Environment Services, BEEAH Recycling, BEEAH Transport, BEEAH Energy, BEEAH Digital, BEEAH Healthcare, and BEEAH Education. In its first year of operation, the Sharjah Waste to Energy plant, a joint venture between BEEAH Group and Masdar, had processed over 100,000 tonnes of waste, offsetting 150,000 tonnes of CO2 emissions by May 2023. In January 2023, BEEAH Recycling signed an agreement with the U.A.E. Ministry of Energy & Infrastructure and the American University of Sharjah to launch the U.A.E.’s first EV…

Abu Dhabi Future Energy Company – Masdar Established: 2006 Headquarters: U.A.E. CEO: Mohamed Jameel Al Ramahi Masdar works on innovation in clean energy technologies and green hydrogen. It is active in over 40 countries. By the end of 2022, it had invested over $30 billion in projects globally. It has generated 57,000 GWh from clean sources projects in operation and under construction, of which 18,000 GWh is from operational projects acquired or signed in 2022. In July 2023, Masdar completed a $750 million 10-year green bond offering on the London Stock Exchange.

First Abu Dhabi Bank (FAB) Established: 2016 Headquarters: U.A.E. Group CEO: Hana Al Rostamani In March 2023, FAB, the U.A.E.’s largest bank, set financed emissions reduction targets relating to its three highest emitting sectors: oil and gas, power generation, and aviation. By 2030, it aims to reduce emissions by 7% to 15% in oil and gas in scope 1-3 production intensity, 64% reduction in power generation in scope 1 and 2 production carbon intensity, and 15% in aviation. In June 2023, FAB issued a five-year $600 million green bond. FAB committed to facilitating sustainable financing for over $75 billion by…

QNB Group Established: 1964 Headquarters: Qatar Group CEO: Abdulla Mubarak Al-Khalifa 100% of the energy at QNB Finansbank in Türkiye came from renewable sources in 2022. In the same year, the group reported a decrease of 1.39 tons of CO₂ emissions per employee since 2015, as well as a decline in paper use by 48% since 2017. QNB sponsored COP27. It has established a Sustainable Finance and Product Framework. QNB offers green loans to encourage investing in sustainable vehicles and solar power.