The Arab Energy Fund and Hartree Partners Commit $120mln to establish climate technology investment platform
Collaboration supports The Arab Energy Fund's strategy as the leading impact investor in the energy sector with a focus on energy security and sustainability
Riyadh, Saudi Arabia —The Arab Energy Fund, formerly known as APICORP, a leading multilateral impact financial institution focused on the MENA energy sector, has announced the launch of the 'TAEF Hartree Cleantech LP', a USD 120mn Limited Partnership (LP) with Hartree Partners, a global energy and commodities firm.
The strategic partnership strengthens The Arab Energy Fund's position as the leading regional impact fund focused on investing in the entire energy value chain. It reinforces the Fund's commitment to advancing the energy agendas of its member countries, including energy security, supporting sustainable energy solutions, and innovation.
Incorporated in the UK, the LP will serve as a new platform which aims to leverage proprietary market insights and in-depth research to identify, invest in, and support entrepreneurs in developing physical and digital decarbonization technologies. It will focus on venture capital (VC) stage companies.
Hartree Partners, a global leader in energy and commodities trading, has been advancing the cleantech sector through its venture-growth equity investment strategy since 2020, implemented via its subsidiary, Vertree Partners (Vertree). The subsidiary focuses on carbon markets, scalable industrial decarbonization solutions, and the energy transition value chain.
Hartree has built a robust cleantech portfolio, investing in 10 companies across key energy transition sectors, such as industrial decarbonization, emissions verification, geospatial data and analytics, and climate change adaptation technologies. These investments reflect Hartree Partners' dedication to advancing technologies that drive the transition to a sustainable, low-carbon economy, and will be incorporated into the partnership established by The Arab Energy Fund and Hartree.
Commenting on the announcement, Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, said: "This initiative reflects our strategy to support the energy ecosystem with debt and equity solutions, and advances our member countries' energy agenda, by fostering the development of the local energy value chains in the MENA region and beyond.'
Stephen Hendel, Founding Managing Director of Hartree Partners, added: " We are proud to launch this platform alongside a long-term and trusted partner in The Arab Energy Fund. Together, our unique competencies will combine to expertly source, evaluate, and support transformational cleantech innovations, on a global scale."
The platform already manages a portfolio of ten companies, having previously collaborated with leading investors such as BlackRock, Microsoft, and Union Square Ventures. These investments aim to accelerate the development of innovative decarbonization solutions, reinforcing The Arab Energy Fund's position as a global leader in sustainable energy financing.
The Arab Energy Fund and Hartree Partners are leveraging the platform to accelerate growth in the global cleantech space. This collaboration aims to expand the platform's scale and scope, targeting additional investments in innovative companies poised to drive transformative changes in the global cleantech ecosystem.
This collaboration also strengthens The Arab Energy Fund's leadership in sustainable investment across the MENA region and beyond. For companies seeking investment, please contact George Potts or Peter Gutman at Hartree Partners.
About The Arab Energy Fund
The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy sector established in 1974 by the ten Arab oil-exporting countries. The Arab Energy Fund's mission is to enable a secure and sustainable energy future for the region through a comprehensive range of financing and direct equity solutions and expert advisory services across the entire energy value chain to leading public and private sector business partners in 25 countries. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially-linked projects comprising 20% of its USD 5.3bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated 'Aa2' by Moody's, 'AA' by Fitch and 'AA-' by S&P.
ABOUT Hartree Partners
Hartree Partners, LP is a leading global energy and commodities firm with an international reputation for integrity developed over decades.
Hartree's global breadth and reach provide a competitive presence in a comprehensive range of commodity markets, enriched by the firm's employees who add deep insight, expertise and innovative thinking.
The firm has also been a key driver of momentum in the cleantech sector, through numerous strategic partnerships and investments. These include Ampyr Solar Europe (a 7GW solar development company); Vertree (a carbon markets, industrial decarbonisation and energy transition value chain specialist); and CHC (a battery energy storage joint venture formed with CATL and CFC).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
15 hours ago
- Zawya
Kuwait: USD steadies at KD 0.305, Euro drops to 0.355
KUWAIT -- The US Dollar rate against the Kuwaiti Dinar on Tuesday settled at KD 0.305 and the Euro dropped by 0.37 percent to KD 0.355, compared to Monday's prices. The Central Bank of Kuwait (CBK) said in its daily bulletin that the exchange rate of the sterling pound edged down by 0.18 points to KD 0.410, the Swiss franc dropped by 0.53 percent to KD 0.376 while the Japanese Yen steadied at KD 0.002. The CBK declares the average day's currency rates and not prices of the actual transactions. All KUNA right are reserved © 2025. Provided by SyndiGate Media Inc. (
Web Release
15 hours ago
- Web Release
SAIC Motor's Global Recognition Shines Light on MG's Middle East Success
SAIC Motor, the parent company of MG Motor, has ranked 138th on the prestigious 2025 Fortune Global 500 list, with revenues of USD 87.2 billion in 2024. This marks the company's 21st consecutive appearance, underscoring its global influence and consistent performance across key markets, including the Middle East. As the only Chinese automaker to sell over 1 million New Energy Vehicles (NEVs) and over 1 million vehicles overseas for three years in a row, SAIC's global success has been key to building MG's credibility and appeal in the Middle East. Having re-entered the Middle East market in 2015, MG has swiftly and strategically grown to break into the top 5 of best-selling manufacturers in the GCC, a success which has also been mirrored in other regional markets such as Iraq, Jordan, Lebanon and Morocco. Tom Lee, Managing Director of MG Motor Middle East, said: 'This global milestone reflects the strong foundations that support MG Motor globally and regionally. SAIC's backing is key to reinforcing MG's commitment to bring innovation, value, and a premium ownership experience to customers across the Middle East.' In the first half of 2025, SAIC delivered 2.2 million vehicles globally, including over 1.3 million from its self-owned brands such as MG. Despite challenging global conditions, the company recorded 646,000 NEV sales and 494,000 units sold overseas. In the Middle East alone, MG reported strong performance with 39,623 vehicles sold during the same period. MG's growth in the Middle East continues to be fuelled by strong consumer demand for smart, value-driven vehicles that offer advanced features, comfort, and performance. Flagship models such as the MG RX9, MG 7, and MG HS have proved popular with consumers in the region, supported by a robust dealer and service network that ensures accessibility and long-term customer satisfaction. Looking ahead, SAIC plans to launch 17 new global models over the next three years, many of which will be introduced to Middle East markets across the SUV, sedan, and NEV segments, enhancing MG's relevance and reach. With more than 6 million cumulative overseas vehicle sales and a presence in over 170 countries, SAIC's global strength directly empowers MG's continued growth in the Middle East building trust with customers and supporting the region's vision for a smarter, cleaner automotive future.
Khaleej Times
2 days ago
- Khaleej Times
Dollar slips before inflation report, US-China tariff deadline
The U.S. dollar extended declines on Monday as investors watched for the outcome of events due this week, from Tuesday's key July U.S. CPI data and deadline for Washington and Beijing to strike a deal tariffs, along with a Russia-U.S. summit on Friday. The dollar index fell 0.2% to 98.073 after last week's fall of 0.4%. Against the yen, it traded at 147.46 , or 0.20% weaker than late U.S. levels, with Japanese markets closed for the Mountain Day holiday. "If I'd be playing it any way, I'd be long volatility this week," said Tim Kelleher, head of institutional FX Sales at Commonwealth Bank in Auckland, citing the unpredictability of the looming events. Crypto markets surged, with bitcoin rising 3% to $121,909.06, not far from its July 14 record of $123,153.22, after President Donald Trump's executive order on Thursday freed up cryptocurrency holdings in U.S. retirement accounts. Ether was up 2.1% at $4,307.25, after touching its highest since December 2021 earlier in the session. Trade talks were also in focus as Trump's August 12 deadline for a deal between the U.S. and China neared, particularly on chip policy. "The market has fully priced in the idea that we're going to get an extension," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne, adding that another 90-day truce was most likely. With the U.S. and China seeking to close a deal averting triple-digit goods tariffs, a U.S. official told Reuters that chip makers Nvidia and AMD agreed to allocate 15% of China sales revenues to the U.S. government, aiming to secure export licences for semiconductors. "I don't know if that's going to be a good thing or a bad thing, but if it puts closure on the matter, it's not a bad outcome," Weston said. "If this is Trump says 15% and we'll call it a day, that may not be too bad." The report followed a warning that Nvidia's H20 chips pose security concerns for China, a social media account linked to state media said on Sunday. The offshore yuan fluctuated between gains and losses, trading at 7.184 to the dollar, after weekend data showed China's producer prices fell more than expected in July, while consumer prices were unchanged. The Australian dollar fetched $0.6526, trading flat ahead of a rate decision by the central bank on Tuesday, in which it is widely expected to cut interest rates by 25 basis points to 3.60%, after second-quarter inflation missed expectations and the jobless rate hit a 3-1/2-year high. The kiwi was little changed at $0.59545, while the British pound traded at $1.3465, up 0.1% so far on the day. Elsewhere, personnel moves at key U.S. monetary policy institutions were also in focus. U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organisation" as the Fed's mission covered many things outside of monetary policy and put its independence at risk, Japan's Nikkei newspaper said. Among candidates the Trump administration is interviewing to lead the Bureau of Labor Statistics is E.J. Antoni, chief economist at the conservative Heritage Foundation, the Wall Street Journal said, citing a senior administration official.
