Latest news with #Emerge
Al Etihad
a day ago
- Business
- Al Etihad
Emerge, Misk City sign landmark solar agreement to power vision for green urban future
28 July 2025 17:17 RIYADH (WAM) Emerge, the energy solutions joint venture between Masdar and EDF power solutions, has signed a long-term solar energy agreement with Misk City to deliver sustainable electricity over the next 20 years, marking a milestone in the City's journey to becoming a model of environmental innovation and green signing ceremony was held in Riyadh at Misk City and attended by David Henry, CEO of Misk City, Omar AlDaweesh, Emerge board member, Michel Abi Saab, General Manager of Emerge, and Samuel Ménard, Economic Counsellor and Anouar Mekkas, Nuclear and Renewable Energy Advisor at the French Embassy in agreement will see the development of a 621-kilowatt peak (kWp) rooftop solar photovoltaic (PV) plant atop a dedicated carport structure and other assets within Misk City, located in the northwest of operational, the system is expected to significantly reduce the city's CO₂ footprint, contributing significantly to Misk City's ambition of achieving a higher level of environmental performance through LEED (Leadership in Energy and Environmental Design) certification and establishing itself as one of the region's most advanced green urban City is the world's first nonprofit city of its kind, a pioneering urban model that reflects the Kingdom's ambition to cultivate knowledge, creativity, and sustainable development in alignment with Vision to integrate innovation, education, and sustainability, Misk City offers a dynamic, human-centered environment that attracts talent and fosters entrepreneurship and serves as a regional hub for education, digital media, culture, and the arts, strategically positioned as a leading platform for both local and international sustainability at its core, Misk City is committed to setting new benchmarks in green urbanism. From renewable energy integration and utilising green schemes, to fostering walkability urban context and smart mobility solutions, the City reflects a holistic approach to an outstanding urban on a framework agreement signed earlier this year, the partnership reflects both entities' shared commitment to decarbonisation, energy innovation, and sustainable urban transformation. Emerge will undertake the full development and delivery of the project, including engineering and design, financing, procurement, construction, operations, and said, 'From the very beginning, Misk City has been envisioned as a forward-looking, sustainable urban community – designed to empower future generations and lead by example in innovation and environmental responsibility. Integrating clean energy into our infrastructure is a natural extension of that vision. This project marks a meaningful step in advancing our sustainability goals, reinforcing our commitment to building a city that thrives in harmony with its environment.'AlDaweesh said, 'This partnership is a testament to the growing momentum for clean energy adoption in the Kingdom. By supporting Misk City's pioneering sustainability goals, Emerge is proud to be contributing to a new urban narrative, one where innovation and environmental responsibility go hand in hand. Emerge's holistic, turnkey model removes complexity and accelerates the transition to clean power for clients across the region.' Alshimmari said, 'At Emerge, every project we deliver is tailored to the unique needs and ambitions of our partner. This agreement with Misk City exemplifies our commitment to supporting clean energy transformation through fully customised energy solutions. By drawing on the global expertise of Masdar and the EDF Group, we ensure world-class quality and innovation at every stage – from design and financing to construction and long-term operations.'
News18
a day ago
- Business
- News18
Savy Infra & Logistics stock jumps nearly 20 pc in debut trade on NSE SME
New Delhi, Jul 28 (PTI) Shares of Savy Infra and Logistics on Monday ended with a premium of nearly 20 per cent against the issue price of Rs 120 per share on the NSE's SME platform Emerge. The shares were listed at Rs 136.50 per share on the NSE SME index, at a premium of 13.75 per cent. Later, it closed at Rs 143.30 apiece, a premium of 19.42 per cent on the bourse. The market capitalisation of the company stood at Rs 298.19 crore on the NSE SME. In volume terms, 32.29 lakh equity shares were traded on the exchange during the day. The Rs 70-crore initial public offering (IPO) of Savy Infra and Logistics garnered a stellar response from the investors by subscribing 114.50 times on the closing day of bidding on Wednesday last week. The initial share sale had a price band at Rs 114-120 per share. The issue is entirely a fresh issue of 58.32 lakh shares. Gandhinagar-based EPC player Savy Infra & Logistics is engaged in the business of engineering, procurement, and construction (EPC) and logistics, with a focus on infrastructure projects. The company also offers logistics services through an asset-light model by renting trucks and drivers. The company reported revenue from operations of Rs 283.39 crore and profit after tax of Rs 23.88 crore in FY25. PTI HG TRB view comments First Published: July 28, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Zawya
2 days ago
- Business
- Zawya
Emerge and Misk City sign landmark solar agreement to power vision for a green urban future
Project will avoid more than 600 tons of CO₂ emissions annually, supporting LEED green city certification and ParkSmart sustainability certifications contributing to a greener city Emerge to provide full turnkey solution including financing, design, construction, and long-term operations and maintenance Riyadh, Saudi Arabia: Emerge, the energy solutions joint venture between Masdar and EDF power solutions, has signed a long-term solar energy agreement with Misk City to deliver sustainable electricity over the next 20 years – marking a milestone in the City's journey to becoming a model of environmental innovation and green urbanism. The signing ceremony was held in Riyadh at Misk City and attended by including David Henry, CEO of Misk City, Omar AlDaweesh, Emerge board member, Michel Abi Saab, General Manager of Emerge, and Samuel Ménard, Economic Counsellor and Anouar Mekkas, Nuclear and Renewable Energy Advisor at the French Embassy in Riyadh. The agreement will see the development of a 621-kilowatt peak (kWp) rooftop solar photovoltaic (PV) plant atop a dedicated carport structure and other assets within Misk City, located in the northwest of Riyadh. Once operational, the system is expected to significantly reduce the city's CO₂ footprint, contributing significantly to Misk City's ambition of achieving a higher level of environmental performance through LEED (Leadership in Energy and Environmental Design) certification and establishing itself as one of the region's most advanced green urban communities. Misk City is the world's first nonprofit city of its kind—a pioneering urban model that reflects the Kingdom's ambition to cultivate knowledge, creativity, and sustainable development in alignment with Vision 2030. Designed to integrate innovation, education, and sustainability, Misk City offers a dynamic, human-centered environment that attracts talent and fosters entrepreneurship and creativity. It serves as a regional hub for education, digital media, culture, and the arts, strategically positioned as a leading platform for both local and international institutions. With sustainability at its core, Misk City is committed to setting new benchmarks in green urbanism. From renewable energy integration and utilizing green schemes, to fostering walkability urban context and smart mobility solutions, the City reflects a holistic approach to an outstanding urban development. Building on a framework agreement signed earlier this year, the partnership reflects both entities' shared commitment to decarbonization, energy innovation, and sustainable urban transformation. Emerge will undertake the full development and delivery of the project, including engineering and design, financing, procurement, construction, operations and maintenance. David Henry, CEO of Misk City, said: 'From the very beginning, Misk City has been envisioned as a forward-looking, sustainable urban community – designed to empower future generations and lead by example in innovation and environmental responsibility. Integrating clean energy into our infrastructure is a natural extension of that vision. This project marks a meaningful step in advancing our sustainability goals, reinforcing our commitment to building a city that thrives in harmony with its environment.' Omar AlDaweesh, Emerge board member and CEO for Saudi Arabia and Bahrain, EDF Group and EDF power solutions, said: 'This partnership is a testament to the growing momentum for clean energy adoption in the Kingdom. By supporting Misk City's pioneering sustainability goals, Emerge is proud to be contributing to a new urban narrative, one where innovation and environmental responsibility go hand in hand. Emerge's holistic, turnkey model removes complexity and accelerates the transition to clean power for clients across the region.' Ali Alshimmari, Emerge board member and Director, Strategic & Special Projects, Masdar, said: 'At Emerge, every project we deliver is tailored to the unique needs and ambitions of our partner. This agreement with Misk City exemplifies our commitment to supporting clean energy transformation through fully customized energy solutions. By drawing on the global expertise of Masdar and the EDF Group, we ensure world-class quality and innovation at every stage – from design and financing to construction and long-term operations.' Established in 2021, Emerge specializes in delivering solar PV, battery storage, and hybrid energy solutions for businesses of all sizes, from SMEs to large corporations, across both on-grid and off-grid environments. Its innovative solar power agreements empower organizations to host solar facilities at their own sites without any upfront investment, giving them access to reliable, clean electricity while lowering operational costs and carbon emissions. Through this agreement, Misk City will harness one of the Kingdom's most abundant natural resources – solar energy – to power its future, reduce its environmental impact and set a benchmark for sustainable cities across the region. About Emerge Emerge is a joint venture between Masdar and EDF Group established to develop solar generation, energy storage and hybrid solutions in the Middle East. We support our business partners in achieving their sustainability goals. A home-grown company, Emerge was founded in 2021 and has since established a robust performance record. Emerge provides clients with comprehensive renewable energy solutions via solar power agreements. Clients do not have to make any initial financial commitments. This empowers our customers to concentrate on their core operations while reducing operational and energy expenditures. Contacts: Website: LinkedIn: About EDF power solutions Bringing together the businesses of EDF Renewables and EDF Group International division, EDF power solutions in an international energy player which develops, builds and operates renewable and low-carbon energy production facilities, as well as flexible power and electricity transmission solutions. As a major player in the energy transition worldwide, EDF power solutions deploys, within EDF, competitive, responsible and value-creating projects. In 25 countries, our teams show their commitment to local stakeholders every day, adding their expertise and capacity for innovation to the fight against climate change. EDF power solutions operates 31GW of gross installed power capacity worldwide. Leveraging on its technological and commercial skills, as well as local knowledge, EDF power solutions develops innovative offers, to support the move towards decarbonization and develop more efficient electrical systems. EDF power solutions offers a large range of technologies to produce low-carbon electricity (wind power, solar, hydraulics, biomass), increase power system flexibility (battery storage, PSHSP, low-carbon thermal hybrid solutions etc.) and to reduce our customers 'carbon footprint (electrical mobility, hydrogen, off-grid). Contacts: For more information: Follow us on LinkedIn For media enquiries, please contact: About Masdar: Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year. Contacts: For media inquiries, please contact: press@ For more information please visit: and connect: and
Irish Examiner
5 days ago
- Entertainment
- Irish Examiner
Revealed: Cork Craft Month's top events and activities
Someone who is passionate about what they're doing will always use the vocabulary of affection in their references. Cork Craft Month's festival director, Ava Hayes, is talking to me about the events' programme across the city and county, from July 31-August 31, so I ask her for her top picks. Such is her care for the event, it's like asking her to pick her favourite child. With good humour, she says, 'My two favourite children are the Emerge graduate exhibition at 46 Grand Parade with 20 new craft makers, and I'm excited to go to Fota House with an exhibition of our long-term makers.' Ava Hayes, festival director, Cork Craft Month. Now in her third year as festival director, Ava's involvement started four years ago when she was appointed curator of the Emerge graduate exhibition showing work from the five Cork art colleges: Crawford College of Art & Design, Coláiste Stiofáin Naofa, St John's Central College, West Cork Campus Skibbereen which is a subsidiary of the Cork College of Commerce, and Kinsale College. Michael Healey (MISH), furniture maker. Ava has since handed over the reins for Emerge and turned her curatorial focus to the two showcase exhibitions which celebrate Cork Craft & Design, the membership organisation which galvanised Cork craft makers to come together and support and market themselves to the public. 'This year is the 20th anniversary of Cork Craft & Design, so we have two showcase events called Echoes of the Makers, showing our members' work. The city-based one takes place in St Peter's, North Main Street, and we have a county location at Fota House," she says. Everything is for sale at the events, and there's something for every budget. In the Cork Craft & Design shop, prices range from €30 to €200 for smaller pieces, which can include ceramics, wood-turned objects and textiles which are easily portable for carrying home. The showcase exhibitions range from €300 to €2,000 and include bigger furniture pieces, so if you're in the market for buying a wedding or house-warming gift, there's a chance to buy something unique with a story behind the making of it. Organisers and crafters at Fota House launching Cork Craft Month 2025. It might be hard to know where to begin when you browse through the brochure online at but if you have a Saturday free, Ava advises you 'start the Cork Craft Month journey with an open heart. Go to the exhibitions at St Peter's and Emerge in the city, and then Fota House to get a flavour. "Take a trip to Kilcoe Studios in Ballydehob for live events and family events. On the way, there's the Green Dot in Clonakilty. You can go to a Meet the Maker workshop event with wood turning or making a pot, where you'll learn about the process from the maker, and you then welcome the pieces into your home.' Such is the success of Cork Craft Month that it has become the template for similar events developing nationwide and the all-Ireland August Craft Month. Furniture maker Fergal O'Leary, one of the early members of Cork Craft & Design, says, 'We have 99 events this year. 80% of them are hands-on workshops with the makers, from Castletownbere to Youghal and up to Newmarket. They're very engaging. You come away with something more than a cup, something that lasts longer in your consciousness.' Fergal also sees public awareness of the value of craft having grown. 'People are more aware of what bang you can get for your buck,' he says. 'The craft category has been strengthened by the proliferation of what's online. It's a different experience. There's quality and depth to craft.' Glassmaker George Duggan, one of the particpants in Cork Craft Month. The permanent Cork Craft & Design shop at St Patrick's Woollen Mills in Douglas and the pop-up shop at Douglas Court Shopping Centre have also contributed to this, he says. 'They're a nice focus and engagement with crafters and the public for events, and they've raised the profile of craft with the help of local enterprise offices, city and county council arts offices, the Department of Trade, Enterprise and Employment and local businesses.' But something else that sets these shops apart is the craft makers' commitment to spending time there talking to the public. 'You see how people want to touch things, the wood, the bowls,' says Fergal. Charlie Mahon, ceramicist. 'It's a personal story for everyone involved, the buyer and the maker. I always say, the maker talks about the process, the customer talks about the piece.'
Economic Times
6 days ago
- Business
- Economic Times
Kaytex Fabrics fixes IPO price band at Rs 171-180 per share; issue to open on July 29
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Kaytex Fabrics, a digital textile printing company, on Wednesday said it has fixed the price band at Rs 171-180 per equity share for a nearly Rs 70 crore initial public offering (IPO) which will hit the capital market on July SME IPO will open on July 29 and conclude on July 31. The company's shares will be listed on the NSE's Emerge platform, Kaytex Fabrics said in a public issue is a mix of fresh issue of 31.99 lakh equity shares aggregating to Rs 57.59 crore and an offer for sale of up to 6.79 lakh shares amounting to Rs 12.23 crore by the promoters Sanjeev Kandhari and Amit promoters will hold 73.61 per cent of the equity stake, while the public will hold 26.39 per from the fresh issue worth Rs 2.56 crore will be utilised towards funding capital expenditure for construction of additional warehouse facility in Amritsar, Rs 3.73 crore will be used for construction of a dedicated sales office in worth Rs 5.01 crore will be directed towards purchase of advanced fabric processing system for the existing printing, dyeing and processing unit in Amritsar and Rs 30 crore will be used to meet working capital remaining proceeds will be used for general corporate purposes and issue in January 1996, Kaytex Fabrics is a fast-fashion manufacturer that combines technology, creative design, and craftsmanship to deliver high-quality company specialises in fabrics from diverse fibres like cotton, viscose, and polyester. It offers quality fabrics, ready-to-stitch womenswear, and modern, trendy designs. The company sells its products under the brand names "Rasiya", "Kaytex", and "Darbaar-e-Khaas".For FY25, the Punjab-based company posted revenue of Rs 152.79 crore and profit after tax of Rs 16.90 crore. Socradamus Capital Pvt Ltd is the sole book-running lead manager of the offer. PTI
