David Palumbo

Global Infrastructure Partners (GIP) Chairman and CEO Bayo Ogunlesi was pleased to join Prime Minister Kyriakos Mitsotakis of Greece and Philipp Hildebrand at the Athens International Investor Summit (AIIS): Investing in Innovation and Infrastructure as Drivers of Growth. The Summit convened senior international investors, policymakers, and industry leaders, including more than 40 global institutions representing over $20 trillion in assets. BlackRock Vice Chairman Philipp Hildebrand said: “Greece’s economic transformation is testimony to the consistency and determination of the government and the Greek people. As global infrastructure needs to accelerate, mobilizing private capital is essential — not just to meet today’s demands, but to shape a resilient and competitive future. This is a shared challenge across Europe, and one that calls for deeper collaboration between public institutions and private investors. BlackRock is proud to support this progress, working alongside governments to help deliver lasting impact.”

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We are delighted to share that Emerge, our joint venture with EDF, signed an agreement with Emirates Development Bank (EDB) to explore areas of collaboration in developing and financing distributed solar projects in the UAE. Under the MoU, #Emerge will identify and present potential financing opportunities for #RenewableEnergy projects, which EDB will evaluate and explore possible tailored financing solutions.  Read more: https://lnkd.in/daTEU8Sh #Masdar #PioneeringEnergy

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Excited to see the launch of the IEA's latest report, "The Future of Electricity in the Middle East and North Africa"! A huge congratulations to the International Energy Agency (IEA) MENA team - Ali Saffar , Nadim Abillama , Brent Wanner , Yasmine Arsalane, Anthony Vautrin, and the entire crew -for their outstanding work in delivering this comprehensive analysis. It's a timely and insightful deep dive into the region's energy transition. As one of the peer reviewers and a participant in a preparatory workshop, I was honored to contribute alongside many talented experts. The report highlights critical trends: MENA's electricity demand has #tripled since 2000, making it the third-largest global contributor after China and India, and it's projected to grow another 50% by 2035—equivalent to adding Germany's and Spain's current demand combined. Key drivers include rapid population growth, urbanization, rising temperatures, and surging needs for #cooling (nearly half of peak demand) and #desalination (set to triple, shifting to efficient electric technologies). Today, gas and oil dominate 90% of the power mix, but the outlook sees natural gas meeting half the growth, solar PV capacity expanding tenfold to 200 GW, renewables rising to 25% of generation, and nuclear tripling to 19 GW. Enhancing efficiency, like upgrading air conditioners, could curb peak demand by 35 GW, while full delivery on national pledges could halve the sector's CO2 intensity—but it requires tripling investments in diverse, resilient systems. These findings resonate strongly with the TeraMed Initiative, which aims for 1 TW of renewable capacity across the Mediterranean by 2030 to boost energy security, affordability, and clean industrial growth. The report's emphasis on policy frameworks, falling solar costs, grid interconnections, and renewables' role in freeing up oil/gas exports aligns perfectly with TeraMED's push for accelerated deployment, fostering regional cooperation and sustainability. If you're in energy, policy, or sustainability, this is a must-read. Download it here: [https://lnkd.in/dEB4QQxT]. Let's discuss how we can turn these insights into action! #MENAEnergy #Renewables #EnergyTransition #IEA #TeraMED #SustainableDevelopment #SustainableDesalination #ElectrictyDemand #SustainableCooling #MENA

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We are excited to announce that we’re building on our existing presence in the Middle East with the launch of WahajPeak, Stonepeak’s inaugural renewable energy platform in the region.   Led by Mothana Qteishat, an industry leader with 17 years of experience in the renewables sector, WahajPeak will be dedicated to securing and developing high-quality, utility-scale solar, wind, and battery storage projects across the GCC and broader Middle East.   We look forward to leveraging our local presence and significant experience building and scaling pan-regional platforms as we work with Mothana and team to grow WahajPeak.   Learn more: https://lnkd.in/exbKqZCy

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Bracewell represented the consortium comprising Masdar (Abu Dhabi Future Energy Company), Korea Electric Power Corporation (KEPCO) and GD Power in relation to the successful bid, development, financing and shareholder arrangements in relation to the 2-GW Al Sadawi solar PV project in the Kingdom of Saudi Arabia.    The Al Sadawi Independent Power Producer (IPP) Project marks a significant milestone in the Kingdom’s journey toward achieving its energy mix target of 50 percent renewable energy by 2030. This project is set to be one of the world’s largest solar plants, and will contribute substantially to sustainable development and reduce carbon emissions in the Kingdom of Saudi Arabia.   The financier group included The Export-Import Bank of Korea (K-Exim), Standard Chartered Bank, Abu Dhabi Commercial Bank, Bank of China, BNP Paribas, HSBC, Societe Generale and ADIB - Abu Dhabi Islamic Bank.   The Bracewell lawyers involved in the transaction included Oliver Irwin, Tom Swarbrick, Bagyasree Nambron, LL.M (Cantab), Shane Jaftha, Jessica Hastings, Nick Meyer, Sameer Ahuja, Tess Luijcx and Brandon Price.   #energytransition #solar #projectfinance

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Global renewable capacity is set to double by 2030 amid rising headwinds from supply chains, grid integration & financing. Solar PV dominates with 80% of growth. In addition to established markets, it also surges in Saudi Arabia, Pakistan & Southeast Asia. More in the International Energy Agency (IEA)’s Renewables 2025 → https://iea.li/48AJeSf Solar is leading the growth – but wind, hydropower, bioenergy & geothermal are all contributing too. Geothermal is on course to hit historic highs in key markets while pumped-storage hydro is growing strongly, helping integration of solar & wind. More in our full report → https://iea.li/3Ww4MYB The outlook for offshore wind stands apart, with the industry facing challenges due to policy changes, supply chain bottlenecks & rising costs. Our forecast for its global capacity growth to 2030 is about 25% lower than in last year's report. Major solar PV & wind manufacturers continue to face financial struggles despite strong deployment globally. In China, PV prices are down over 60% since 2023 due to a supply glut & fierce competition for market share. And wind manufacturers outside China are reporting losses. Despite these challenges, companies' confidence in renewables remains strong – with investors & buyers benefitting from low solar prices. Most major developers have maintained or raised their 2030 deployment targets from last year, reflecting resilience & optimism in the sector. As renewables take on a greater role, policymakers must play close attention to vulnerabilities. Global supply chains for solar PV & for rare earths used in wind turbines are highly concentrated in China and are set to only diversify slightly by 2030 under current policy settings. The rise of variable renewables is also placing growing pressures on electricity systems. Curtailment & negative prices are becoming more frequent, causing economic inefficiencies & deterring investment. This underscores the need for investment in grids, storage & flexible generation. Read more of the key findings in the press release → https://iea.li/48AJeSf Explore IEA’s full Renewables 2025 report, freely available on our website → https://iea.li/3Ww4MYB And to learn more, join the report's lead author Heymi Bahar & me for the LIVE launch event from 11:00 CEST → https://iea.li/48j7kR9

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Al Duqm and Adam: New Wind Power Frontiers for Oman Muscat: Oman has identified Al Duqm and Adam as promising sites for wind power development — a major step towards diversifying the Sultanate of Oman’s renewable energy portfolio. These sites add to the country’s growing clean energy map, alongside solar and green hydrogen projects, reinforcing Oman’s ambition to become a regional hub for sustainable energy and investment in line with #OmanVision2040. 🔗 https://lnkd.in/dGRMzmEC #Oman #RenewableEnergy #WindPower #Sustainability #Vision2040 #OmanFuture #OmanEconomy

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Oman accelerates green hydrogen technology localisation MUSCAT: Hydrom, the architect of Oman’s green hydrogen sector, has reported significant progress in the localisation of technology and manufacturing capacity linked to the vast volumes of solar panels, wind turbines, electrolysers and other essential hardware needed to meet the country’s ambitious green hydrogen targets. A number of green hydrogen projects currently in early development across Al Wusta and Dhofar governorates are expected to commence operations by around 2030, contributing to Oman’s goal of producing 1 million tonnes of low-carbon molecules annually by that time. Read more: https://lnkd.in/eqjUnQW5 Hydrom Ministry of Energy and Minerals #Oman #GreenHydrogen #CleanEnergy #TechLocalisation #OmanVision2040 #EnergyTransition #OmanEconomy #HydrogenTech #OmanBiz

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We're proud to have acted as a trusted advisor to The Principal Buyer in relation to its signing of seven new Power Purchase Agreements (PPAs) for utility-scale renewable solar and wind energy projects in #SaudiArabia. With a combined capacity of 15GW, this is the largest deal signed globally for renewable energy projects in a single phase. PwC acted as exclusive lead financial and commercial advisor, helping drive a streamlined and successful outcome. https://lnkd.in/dUMviR5M #PwCDeals #PwCproud #SaudiVision2030

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