Following the conclusion of COP28, Positive Zero, a decentralized decarbonization infrastructure firm based in the UAE, revealed a strategic agreement with BlackRock’s Diversified Infrastructure group.
The fund managed by BlackRock is set to invest up to $400 million in Positive Zero, consolidating the company’s position as a key player in the Gulf Cooperation Council’s (GCC) energy transition.
The investment will empower Positive Zero to expand its sustainable energy solutions tailored for various clients, including commercial, industrial, and public sector entities, contributing to the GCC’s efforts to reduce carbon emissions.
The company, born from the integration of SirajPower, Taka Solutions, and HYPR Energy, adopts a comprehensive approach that encompasses decentralized power generation, resource efficiency, and clean mobility. This financial infusion supports Positive Zero’s mission to meet the rising demand for decarbonization and energy cost reduction in the region.
Mohammed Abdulghaffar Hussain, Co-Founder and Chairman of Positive Zero, highlighted the transformative nature of the partnership with BlackRock, aligning with the ambitious targets set at COP28.
David Auriau, Co-Founder and CEO of Positive Zero emphasized the company’s commitment to redefining sustainable infrastructure and creating an ecosystem where sustainability is synonymous with profitability and accessibility.
Ed Winter, Head of APAC and Middle East for Diversified Infrastructure at BlackRock, expressed excitement about the investment, recognizing Positive Zero’s strong team and track record in delivering value-added projects aligned with decarbonization and decentralization trends.
The partnership aims to capitalize on the GCC’s energy transition objectives and contribute to achieving economic growth in the region.
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