Positive Zero to drive energy transition in the GCC with BlackRock Investment

Positive Zero to drive energy transition in the GCC with BlackRock Investment

- The investment aligns with the ambitious COP28 decarbonization goals: Tripling renewable power and doubling energy efficiency by 2030

Dubai, United Arab Emirates (UAE): At the close of COP28, Positive Zero, a decentralized decarbonization infrastructure business headquartered in the UAE, announced an agreement for a fund managed by BlackRock’s Diversified Infrastructure group to invest up to $400 million in the company. This investment will support Positive Zero’s mission to grow sustainable energy adoption across the Gulf Cooperation Council (GCC), in line with efforts to reduce carbon emissions and limit global temperature rise to 1.5 degrees Celsius, while simultaneously delivering energy cost savings to Positive Zero’s clients.

Positive Zero, which emerged from the consolidation of SirajPower, Taka Solutions, and HYPR Energy, stands at the forefront of the GCC’s energy transition. This infusion of capital will amplify Positive Zero’s capability to deploy fully financed and cutting-edge sustainable energy solutions tailored for a broad spectrum of clients including commercial, industrial and public sector organizations. The company's comprehensive approach integrates decentralized power generation, resource efficiency and clean mobility, positioning it to meet the increasing demand for decarbonization and energy cost reduction.

Mohammed Abdulghaffar Hussain, Co-Founder and Chairman of Positive Zero, emphasized the investment’s significance: “The conclusion of