GREEN FINANCE-

Jordan’s green sector gets a big boost: The European Bank for Reconstruction and Development (EBRD), the EU, and the Green Climate Fund (GCF) will extend a USD 4 mn (EUR 3.6 mn) financing package to Jordanian microfinance Tamweelcom for on lending to green businesses, according to a press release. The funds include USD 1 mn in co-financing from the GCF and EU incentive grants, along with technical assistance from the EBRD, EU, and GCF.

DISTRICT COOLING-

UAE’s Empower to provide district cooling for Al Habtoor Tower: Emirates Central Cooling Systems Corporation (Empower) has inked an agreement with Al Habtoor Group to supply Al Habtoor Tower with district cooling services, according to a press release (pdf). The tower, set to be the world's largest residential building upon completion, is expected to accommodate over 5k residents. Empower will provide approximately 7.2k refrigeration tons (RT) of cooling capacity, equivalent to 75% of the peak cooling capacity of the Burj Khalifa, the world’s tallest building. The cooling services will commence in 2Q 2025.

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