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Interview: SolarReserve For the MENA Region?

This week I spoke to Kevin Smith, the CEO of SolarReserve, the U.S. company constructing the largest 24 hour solar project worldwide in Nevada, who told me that they are beginning to be active in the Middle East North Africa region as well. “We do have projects in development,” he said, “in Morocco, and Algeria […]

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Solar to Light Our Nights Gets Hotter

Able to store enough heat to generate power that can last well into the night, Masdar’s Gemasolar, built in Spain last year was state of the art in solar thermal energy storage, able to reach temperatures of over 500°C. Now a U.S. startup funded by the Obama administration energy department with a $3.3 million ARPA-E grant has […]

FRX Polymers Raises $26.7 Million in Multinational Funding for Green Plastic

Abu Dhabi and Israeli investors among new financiers of dioxin-free flame retardant plastic. FRX Polymers manufactures and markets a range of environmental friendly and inherently flame retardant plastics. The company recently raised $26.6 million in series B venture capital financing from a diverse group of investors including Masdar Capital of Abu Dhabi, Israel Cleantech Ventures […]

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America can’t green Jordan’s future

America joins Jordan in a celebration of green, but we are not sold on the deal.  The USA and Jordan recently entered into environmental partnership, cosigning a plan to promote four distinct Jordanian initiatives: ecosystem conservation; increased education; improved private sector performance; and stronger environmental law. This agreement wrapped up a one-day forum on Environmental Technical Cooperation […]

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Are Renewables Just Freeing Up Oil For Export?

Does an expanding renewables market in the Middle East (such as that showcased in Masdar) just mean more oil can be exported and more profit made at the expense of the world climate? Here are GreenProphet, we have been carefully following the Middle East’s slow but steady uptake of renewables technologies. Every solar project or […]

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Low Carbon Economics Aligns With the Sharia Law of Islam

The people promoting bond sales to fund climate change turn to Islamic investors. Gulf nations may prove to be a prime market for Climate Bonds as they diversify beyond fossil fuels into long-term green energy projects. To spur investment, financial vehicles that support a low-carbon economy are being developed to align with Islamic Sharia law. It’s a simple concept: expand Middle East […]