Acwa Power secures EBRD financing for green hydrogen project in Uzbekistan

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WHAT WE’RE TRACKING TODAY

TODAY: EBRD 💚green hydrogen + It’s signed and sealed for Fertiglobe

Good morning, ladies and gents. It’s a brisk issue as the news cycle winds down in celebration of the incoming weekend, with a green financing update courtesy of Acwa and the EBRD and a deep dive into the consequences of Morocco’s drought on the banking sector. First, a sustainability update from one of our childhood favorites…

THE BIG CLIMATE STORY OUTSIDE THE REGION- There’s no single story shaping the conversation this morning, but Danish toymaker Lego said the company is on track to have recycled plastic account for half the plastic used to produce its brick toys by 2026. The company said it is willing to pay up to 70% more to boost the production of certified renewable resin in a bid to phase out the use of oil in its production process. Lego aims to completely transition to renewable and recycled plastics by 2032, having tested over 600 alternative materials. The company intends to absorb the higher expenses without passing them on to consumers. The story grabbed ink in Reuters, The Guardian, and CNN.

ALSO- Clean energy jobs in the US, including those in wind, solar, nuclear and battery storage, more than doubled in 2023, Reuters reports, citing data by the US Energy Department. Employment in the US clean industries rose by 4.2% last year, up from a 3.2% growth a year earlier. Unionization rates in the clean energy sector also surpassed that of the broader energy industry to reach 12.4%. The growth was driven by legislative measures such as the bipartisan CHIPS Act and the Inflation Reduction Act. The story also got picked up by Bloomberg.

WATCH THIS SPACE-

#1- Fertiglobe seals EU green ammonia supply agreement: UAE-based urea and ammonia exporter Fertiglobe inked a EUR 397 mn contract with Hintco, the implementing entity of H2 Global’s green hydrogen purchasing program, to supply Europe with green ammonia, according to a statement. The agreement will see Fertiglobe export 19.5k tons of green ammonia in 2027, potentially scaling up output to a cumulative 397k by 2033, “contingent on production and supply conditions”.

ICYMI- Fertiglobe was tapped by the German government’s H2Global program last month to supply green ammonia to the EU from its facilities in Egypt. The contract, which will secure 10% of Germany’s annual ammonia needs, is the result of the first among a raft of global tenders to important green hydrogen derivatives. It will produce the green ammonia at its Ain Sokhna plant in Egypt, which it is developing as part of a consortium comprising Scatec, the Sovereign Fund of Egypt, and Orascom Construction.

#2- One step closer to a carbon market in Oman: Oman’s Environment Authority has completed the final draft of a carbon markets policy framework as the sultanate eyes to become a carbon trading hub in the region, ONA reports. The 52-page document outlines plans for a national carbon registry and enhanced institutional capacity, according to Quantum Commodity Intelligence. The framework also includes a positive list of high abatement cost projects, such as carbon capture and storage, and a negative list of projects that would not be allowed export carbon credits to be finalized by the end of 2024.

What’s next: The authority plans to present the draft document to relevant stakeholders during a planned technical workshop in mid-September in Muscat, ONA reports. Oman plans to officially launch the policy during COP29 in Azerbaijan in November.

It’s a big month for carbon markets regionally: Egypt officially launched earlier this month its voluntary carbon trading market — the first in the country and in Africa. The market allows companies to issue and trade voluntary carbon certificates in Egypt and Africa, which can be bought by other companies wanting to offset their emissions.

#3- Iraq eyes first blue ammonia project: Iraq’s National Investment Commission (NIC) is set to issue an investment license to set up the country’s first blue ammonia production plant in Basra, NIC’s spokesperson Hanan Jassim told INA. The blue ammonia will be earmarked for use in renewable energy production as well as feedstock for the iron, fertilizers, and cement industries, Jassim added. The move comes after the NIC secured the oil ministry’s approval to supply the gas needed for the production, she said.

REFRESHER- Blue ammonia is produced using a low-carbon process involving the capture of carbon dioxide to produce hydrogen which is then combined with nitrogen. Because the process is coupled with carbon capture, the blue ammonia production process can reportedly cut emissions by over 90%.

#4- Morocco defends move to import waste from Europe amid backlash: Morocco’s Energy Transition and Sustainable Development Ministry said that imports of non-hazardous waste from Europe were regulated by the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal, Map reports. The clarification comes days after a decision by the ministry to authorize the import of over 2 mn tons of rubber tyres and household waste from European countries for use as an energy source faced strong opposition.

The gov’t is standing its ground: Morocco focuses on importing waste from European nations known for their high standards in waste sorting and treatment, ensuring minimal environmental and public health impact, Hespress reports, citing statements from the ministry. The licensing process is stringent, requiring detailed documentation and approval from relevant ministries to confirm the necessity and economic viability of the imported waste for national industries. It has issued 416 licenses for companies to import non-hazardous waste for energy or industrial use since 2016.

#5- Finland’s Wartsila throws Kuwait a lifeline: Finnish marine and energy equipment maker Wartsila has reportedly submitted a proposal to construct a 1.5 GW power generation station in Kuwait amid the Gulf country’s energy crunch, Arab Times reported, citing sources it says has knowledge of the matter. The KWD 425 mn project, set to be completed within 18 months, would be fully financed by the Finnish company and be built under the Independent Power Producer (IPP) model.

A green angle: The project promises to reduce fuel consumption, lower carbon emissions, and provide electricity at a competitive rate of around 11 fils per kilowatt, sources told Arab Times. The project design would offer the flexibility to integrate solar energy and be compatible with the use of green hydrogen in the future.

REMEMBER- Kuwait has been facing a crisis since June: Kuwait’s energy crisis began in June after a 300 MW steam turbine at the 6 GW Az Zour South power complex went offline as peak load reached 16.81 GW, up 1 GW above June’s record last year. Extreme temperatures of over 50°C worsened the crisis and caused Kuwait to roll-out daily power cuts nationwide.

#6- Abu Dhabi to start unrolling first electric buses next month: Abu Dhabi will begin deploying electric and hydrogen-powered buses for public transport for the first time in September, Head of Sustainable Mobility at the emirate’s Integrated Transport Centre Anan Alamri said at a Khaleej Times forum. The size of the fleet and transport routes were not disclosed. The zero-emission buses are a part of Abu Dhabi’s target to convert 20% of public transportation to emission-free by 2030 and reach 100% by 2050.

HAPPENING TODAY-

UK-Egypt trade and investment in the spotlight: Our friends at HSBC, together with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), will host a webinar this week to discuss how to support infrastructure reforms, potential partnerships in Egypt, and ways to support and connect companies around the world. The webinar takes place next Thursday (29 August) from 12-1pm CLT / 1-2pm UAE.

Want to attend? You can sign up here.

The webinar is a scene-setter for the Egypt-UK Investment and Opportunities Forum in London on Monday, 16 September.

Infrastructure is a key part of the forum. The gathering — which follows on from a June infrastructure mission — will focus on promoting trade and investment in infrastructure, with an emphasis on green hydrogen and renewables as well as sectors including the auto industry, food processing, and tech.

Networking: The forum will include both open panels and pre-arranged business-to-business networking. It will also give attendees the chance to meet with government officials and industry leaders. GAFI will be on hand to deliver an economic update.

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CIRCLE YOUR CALENDAR-

The UAE will host the World Utilities Congress from Monday, 16 September to Wednesday, 18 September in Abu Dhabi. The event will gather global energy leaders, policymakers, and other industry professionals from the power and water utilities value chain to discuss industry trends and challenges.

Saudi Arabia will host the EV Auto Show from Tuesday, 17 September to Thursday, 19 September in Riyadh. The show offers a platform for participants to learn about the latest EV technologies and services.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

EBRD extends USD 65 mn in financing for Acwa’s green hydrogen project in Uzbekistan

EBRD kicks in finance for Acwa’s green hydrogen project in Uzbekistan: The European Bank for Reconstruction and Development (EBRD) will extend a USD 65 mn financing package to fund Saudi renewables giant Acwa Power’s green hydrogen project in Uzbekistan, according to a statement. The project aims to support the decarbonization of the Central Asian country’s ammonia sector and increase renewable energy generation.

What we know: The EBRD is providing a USD 65 mn package that consists of a USD 55 mn senior loan and up to USD 10 mn in concessional finance from Canada’s Special Fund for the High Impact Partnership on Climate Action. The EBRD said it also plans to add an equity bridge loan of up to USD 5.5 mn. The financing package will be offered to Acwa Power UKS Green H2 — a special purpose company that is jointly owned by Acwa Power and Uzbekistan’s holding company of state-owned chemical firms Uzkimyosanoat.

About the plant: Acwa’s green hydrogen plant — expected to be commissioned in December 2024 — includes a 20 MW electrolyser fed by a 52 MW wind power plant in the Bukhara region to produce 3k tons of green hydrogen annually. Acwa Power broke ground on the project in November last year and signed the terms of agreement with the Uzbek Energy Ministry and Uzkimyosanoat for developing the plant back in January 2023.

Not the EBRD’s first hydrogen endeavor: The project in Uzbekistan is the second renewable hydrogen production project to be financed by the EBRD since it provided a USD 80 mn loan to help set up Egypt’s first integrated green hydrogen plant in 2022. The project is being developed by a consortium comprising UAE-based urea and ammonia exporter Fertiglobe, Norway’s Scatec, the Sovereign Fund of Egypt, and Orascom Construction.

Morocco's banking sector vulnerable to climate change, WB reports

Climate-related risks could be putting Morocco’s financial sector in jeopardy: Morocco’s growing vulnerability from droughts and floods are exacerbating risks to its economy and banking sector, according to a recent report (pdf) by the World Bank (WB). The report, which was also led by Bank Al Maghrib, the French Development Agency (AFD), and the Global Risk Financing Facility, assesses the risks posed by climate change on the North African country’s financial stability.

Morocco’s water crisis has reached new levels: Morocco’s water reserves have significantly declined, with filling rates dropping to 27.87%. During the same period last year, dams reached a filling rate between 31-32% but high summer evaporation rates and siltation have made that number even lower in recent months, with 63 dams across the country feeling the impact. Water inflows declined in the country from 2.5k cbm per capita annually in 1960 to 620 cbm in 2020, placing Morocco in a situation of structural water stress. Last year the country approached the absolute water scarcity threshold of 500 cbm per capita per year.

Climate change amplifies financial damages: Over a third of bank loan portfolios are exposed to physical climate risks, particularly affecting sectors like agriculture, food processing, and tourism, as well as vulnerable households, according to the report. Drought scenarios could lead to GDP reductions ranging from 1.8 to 3.5 percentage points, while pluvial flooding could cause losses ranging from c. USD 9 bn to USD 10.8 bn by 2050 depending on its severity.

Physical climate risks could affect multiple key industries: Agriculture-related sectors, such as crop and livestock farming, are particularly at risk due to the crisis, but other sectors like food processing and tourism, which are connected through value chains, could also suffer. Floods, mainly along the coastline where population and industries are concentrated, could damage assets and infrastructure, affecting sectors like transport, tourism, and agriculture, and therefore impacting banks with exposure to these areas.

Damages to the banking sector could be managed: The impact of climate transition risks on Morocco’s banking sector could be manageable, due to Morocco’s small contribution to global greenhouse gas emissions. However, rising national emissions, especially from the energy sector, could increase exposure to these risks. Industries sensitive to transition risks include electricity generation, transport, mining, agriculture, manufacturing, and utilities, as well as those affected by the EU’s Carbon Border Adjustment Mechanism (CBAM), such as cement, electricity, and aluminum production.

What measures are needed? A number of policy changes are needed to better understand and manage climate-related financial risks, according to the report. Those include updates to risk analyses, improved data collection and building up institution capacity in the short-term by Bank Al Maghrib. Developing climate-related reporting guidance and indicators can also aid in monitoring risks in the long run. The Moroccon central bank should also integrate climate considerations into its supervisory framework, possibly through stress testing and regulatory guidance. Collaboration with relevant ministries, such as finance and energy, should also be prioritized to offer climate guidance and support the development of ins. markets to manage climate and disaster risks.

REMEMBER- Morocco is sparing no effort to support climate resilience: The board of the African Development Bank (AfDB) approved last month EUR 120 mn in financing for the first phase of Morocco’s Governance and Climate Change Resilience Support Program (GCRRP) in July. This followed a recent approval of USD 100 mn in funding by the Opec Fund for International Development for the program. Morocco also announced plans earlier this year to increase its green investments to reach 10% of its foreign exchange reserves. The central bank will also advise banks on how to assess the climate-related risks from their major borrowers. Morocco faces a funding gap of USD 78 bn to achieve its climate goals by 2050, according to the World Bank.

Morocco to partner with DRC on sustainability, climate change mitigation

Morocco + DRC form environmental partnership: Morocco’s Energy Transition and Sustainable Development Minister Leila Benali and the Democratic Republic of Congo’s Environment, Sustainable Development and the Congo Basin Minister Arlette Soudan-Nonault signed an MoU on environmental governance between the two countries, according to a statement. The collaboration includes climate change mitigation, biodiversity conservation, environmental assessment, green and blue economy and waste management efforts.

ALSO ON OUR RADAR- Oman + Bulgaria are lining up a partnership agreement on energy: Oman and Bulgaria plan to boost energy cooperation on renewable energy production and storage, according to a statement. The two are expected to sign an MoU within the next two months to boost renewable energy production and storage, hydrogen production, and boost Omani investments in Bulgaria, the statement notes.

Kia’s EV5 is available in Morocco

Kia launches its EV5 in Morocco: Kia Middle East and Africa has launched its Kia EV5 in the Moroccan capital of Rabat, according to a statement released earlier this week. The price for the mid-size SUV in Morocco was not disclosed, but the price for the 2025 model sold abroad is estimated between USD 40k and USD 54k depending on options.

The specs: The EV5 boasts a 550 km range on a single charge, a 310 hp engine, and fast charging that reaches 80% in 27 minutes. Its fast-charging capability makes it one of the most efficient electric SUVs to hit the roads, according to KIA. It includes two battery options at 64.2 kWh and 88.1 kWh with acceleration that can go from 0 to 100 km/h in 6.1 seconds.

It comes with extra features: The EV5 comes with a comprehensive advanced driver assistance system that includes applications related to collision avoidance, parking sensors, panoramic display and others.

With sustainability for the exterior: The car is made with eco-friendly material including Bio PP/PU, recycled PET, and BTX-free paint, similar to KIA’s EV9 model, according to the statement.

Solar and waste management updates from Saudi Arabia and the UAE

RENEWABLES-

MENA banks to invest USD 500 mn in Malaysia’s Pengerang Energy Complex: A group of Middle Eastern banks — including the Islamic Development Bank (IsDB) and its two main subsidiaries, the Islamic Corporation for the Development of the Private Sector and the Islamic Corporation for the Ins. of Investment and Export Credit — have agreed to provide USD 500 mn in financing to the low-carbon aromatics Pengerang Energy Complex in Malaysia, SPA reports. The announcement comes months after the IsDB’s board approved a USD 100 mn loan for the project under its public private partnership program.

The details: The Malaysian complex — developed by Singapore’s petrochemicals group ChemOne — is set to be one of the largest low carbon aromatics facilities in the world with a production capacity of 1 mn metric tons per annum (mtpa). It would have the capacity to process 150k barrels per day of condensate plus naphtha to produce 50k mtpa of hydrogen, 3.9 mtpa of energy products and 2.3 mtpa of aromatics. The facility will reduce its emissions by improving energy efficiency, reducing equipment size, and cutting down on emissions. It will be located in Johor, Malaysia in the Pengerang Integrated Petrochemical Complex.

SOLAR-

#1- KSA’s FAS Energy to help Kyrgyzstan install solar panels on gov’t buildings: Saudi Arabia’s FAS Energy — a subsidiary of Saudi’s leading business conglomerate Fawaz Alhokair Group — signed an MoU with Kyrgyzstan to assist in installing solar panels on the rooftops of government buildings, according to a statement released earlier this week. Both parties also discussed energy cooperation, joint implementation of projects and knowledge sharing in modern technologies. No further details were provided.

REMEMBER- FAS Energy has been in talks with Kyrgyzstan before: Representatives from FAS Energy and Saudi Arabia’s Acwa Power met with officials in Kyrgyzstan in 2022 to discuss collaboration on hydropower and renewable projects. They expressed interest in the Kambarata-1 hydroelectric power plant (HPP) which is set to have a 2GW capacity and aims to generate electricity and ensure sustainable water supply to neighboring countries in Central Asia.

#2- We have a timeline + ticket for Sungrow’s Saudi energy storage projects: Three energy storage projects awarded to Chinese PV inverter manufacturer Sungrow Power Supply by Saudi’s Algihaz Holding are valued at USD 700-900 mn, Meed reports, citing a source it says has knowledge of the transaction.

Background: Chinese PV inverter manufacturer Sungrow Power Supply signed an agreement with Algihaz Holding for works in the project back in July. Sungrow will deliver over 1.5k units of its Power Titan 2.0 storage system, expected to save 55% of land area.

The details: The projects have a combined capacity of 7.8 GWh (2.6 GWh each), and are located in Najran, Madaya, and Khamis Mushait. Construction of the project is expected to be completed later this year, with grid connection anticipated by 2025.

WASTE MANAGEMENT-

UAE’s Innovations Group expands into biohazard waste management: Innovations Group, a UAE-based staffing and HR provider, has expanded into biohazard and medical waste management, according to a press release.The company will offer waste management services, including waste assessments, tailored waste management plans, and segregation and collection processes. It said it plans to handle waste in hospitals, dental practices, pharmacies, vet clinics and others.

Fortescue aims to meet Chinese demand for green iron with pilot plant

Fortescue expects to meet China’s growing demand for green iron: Australian iron ore giant Fortescue expects its pilot green metal project in Western Australia to meet China’s increasing demand for green iron when it kicks off operations next year, Reuters reports, citing statements by Fortescue’s head of green energy Mark Hutchinson during an analyst call. “What’s become quite evident in China … is their insatiable demand for green products … that’s why we’re putting so much effort into our green iron plants in Christmas Creek,” Hutchinson said on the call.

About the facility: The USD 50 mn plant will produce 1.5k tons per year of high-purity green iron using renewable energy, with production expected to begin in 2025, Fortescue said earlier this month. It will use green hydrogen from Fortescue’s large-scale hydrogen facility, along with an electric smelting furnace, to produce high purity green iron.

US imports of Chinese UCO to surge as demand picks up: US imports of Chinese used cooking oil (UCO), a feedstock for biofuels, are expected to jump to record highs in the coming months driven by increased demand and biofuel incentives, Reuters reports. US imports of UCO in total exceeded 1.36 mn metric tons (mt) in 2023, up from about 400k mt a year earlier, according to US government data. The imports increased further from the start of the year to June to see China accounting for 60% of the 1 mn mt of UCO imported by the US, the data shows.

The trend’s future is uncertain: The US government plans to transition from a volume-based incentive system to one that rewards biofuel producers based on carbon intensity. The shift could favor UCO, which has a lower carbon footprint compared to other biodiesel feedstocks like soybean oil. However, US farm-state lobbyists are pushing to extend the current tax credits, arguing that low-cost UCO imports are hurting domestic commodity prices. Concerns over the potential contamination of Chinese UCO with virgin palm oil have prompted the US Environmental Protection Agency to audit supply chains.

Smart homes are getting an upgrade to boost energy efficiency and potentially sell electricity

US energy company NRG Energy is upgrading smart home tech to include solar panels, storage batteries and more to boost energy efficiency and slash power costs, Bloomberg writes. Power management systems, embedded in devices like storage batteries and thermostats, will also allow homeowners to sell excess power back to the grid.

The benefits are huge: Virtual power plants, which connect small-scale resources like home batteries, could add up to 162GW of energy capacity by 2030, a cited 2023 analysis by the US Department of Energy showed last year.

Who’s in: The technology’s potential and its capacity to grow has grabbed the interest of big players including Siemens, Amazon, Alphabet, and LG. Solar and battery companies like Sunrun, Enphase Energy, SolarEdge Technologies, and Tesla are also adding similar tech software to their products.

Water tech firm Gradient aims to cut wastewater treatment costs by half

US water technology firm Gradiant has developed tech that eliminates waste from contaminated water while halving costs and increasing energy efficiency, CNBC reports. The startup’s tech could help offer a clean slate to the global wastewater treatment market which is expected to exceed USD 500 bn in value by the end of the decade, CNBC reports, citing Statista estimates.

The method is simple: Gradient’s method involves heating wastewater until it turns into vapor and leaves the contaminants behind. Gradient says this method helps recover 99% of water as opposed to the standard 50-60%, helping save up 1.7 bn gallons of water daily.

Addressing a big problem: Some of the world’s key industries, including pharma, food and beverage, textiles, mining, renewables and others consume most of the world’s water. This has made the search for methods to recycle water cheaply necessary as water insecurity becomes a widespread problem. Other companies like Xylem and Veolia are also working on a technology similar to Gradiant that could be less energy intensive than traditional wastewater treatment methods.

Big players are backing: Some of Gradient’s clients include leading industry players, including Coca-Cola, BMW, UAE’s Adnoc, Pfizer and others with the startup boasting over USD 500 mn in new orders in 1H 2024. It has managed to raise USD 225 mn in VC funding to date.

Gradient is eyeing our neck of the woods: Gradiant acquired Dubai-based water treatment firm Advanced Watertek last year as it looks to roll-out its tech to clients in the region. It aims to set up a center of manufacturing excellence at Advanced Watertek’s 18k square foot Dubai facility to boost its manufacturing capabilities and strengthen its regional market presence.

CALENDAR

SEPTEMBER 2024

16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE.

17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

23-25 September (Monday-Wednesday): Powerlec Bahrain 2024, Manama, Bahrain.

24- 25 September (Tuesday – Wednesday): Mediterranean Carbon Reduction Forum, Tunisia.

25-26 September (Wednesday-Thursday): Green Steel Summit, Dubai, UAE.

OCTOBER 2024

1-3 October (Tuesday-Thursday): Water, Energy and Environment Technology Exhibition, Dubai, UAE.

1-3 October (Tuesday-Thursday): Cairo Sustainable Energy Week, Cairo, Egypt.

2-3 October (Wednesday-Thursday): World Green Economy Summit, Dubai, UAE.

10-12 October (Thursday-Saturday): The IEEE International Conference on Artificial Intelligence & Green Energy, Yasmine Hammamet, Tunisia.

10-12 October (Thursday-Saturday): EVs Electrify Egypt Summit 2024, Cairo, Egypt.

13-17 October (Sunday-Thursday): Cairo Water Week, Cairo, Egypt.

15-17 October (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

15-16 October (Tuesday-Wednesday): Solar & Storage Live KSA, Riyadh, Saudi Arabia.

16-17 October (Wednesday-Thursday): Upscaling Investment on Small-Scale Renewable Energy in Rural Areas Forum, Tunis, Tunisia

NOVEMBER 2024

4-8 November (Monday-Friday): World Urban Forum, Cairo, Egypt.

4-8 November (Monday-Friday): AfricanEnergy Week, Cape Town, South Africa.

6-7 November (Wednesday-Thursday): Renewable Energy Forum Africa, Tunis, Tunisia.

6-7 November (Wednesday-Thursday): Critical Mineral Africa Summit, Cape Town, South Africa.

11-22 November (Monday-Friday) United Nations Climate Change Conference or Conference of the Parties (COP29), Baku, Azerbaijan.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference, Abu Dhabi, UAE.

18-19 November (Monday-Tuesday): G20 Summit, Rio de Janeiro, Brazil.

19-22 November (Tuesday-Friday) Aquaculture Africa 2024, Hammamet, Tunisia.

26- 27 November: (Tuesday – Wednesday): World Food Security Summit, Abu Dhabi, UAE.

26-28 November (Tuesday-Thursday): Future Power Expo, Riyadh, Saudi Arabia.

26-28 November (Tuesday-Thursday): Egypt Energy Show, Cairo, Egypt.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Ras Al Khaimah, UAE.

DECEMBER 2024

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification, Riyadh, Saudi Arabia.

3-4 December (Tuesday-Wednesday): MSGBC Oil, Gas & Power 2024 conference, Dakar, Senegal.

JANUARY 2025

12-15 January (Sunday-Wednesday): World Renewable Energy Congress, Manama, Bahrain.

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi, UAE.

14-16 January (Tuesday-Thursday): Future Minerals Forum, Saudi Arabia.

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh, Saudi Arabia.

FEBRUARY 2025

23-25 February (Sunday- Tuesday): Global Water Energy and Climate Change Congress, Manama, Bahrain.

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai, UAE.

24-27 February (Monday-Thursday): Oman Climate Week, Muscat, Oman.

EVENTS WITH NO SET DATE

2024

End-2024: Emirati Masdar’s 500 MW wind farm in Uzbekistan to begin commercial operations.

QatarEnergy’s industrial cities solar power project will start electricity production.

November: Arab Forum for Renewable Energy and Energy Efficiency, Amman, Jordan.

2025

International Union for Conservation of Nature World Conservation Congress, Abu Dhabi, UAE.

UAE to have over 1k EV charging stations installed.

Middle East Electric Vehicle Show, Sharjah, UAE.

2026

26-29 October (Monday-Thursday): World Energy Congress, Riyadh, Saudi Arabia.

UITP Global Public Transport Summit, Dubai, UAE.

Annual Meetings of the World Bank and the International Monetary Fund, Bangkok, Thailand.

1Q 2026: QatarEnergy’s USD 1 bn blue ammonia plant to be completed.

End-2026: HSBC Bahrain to eliminate single-use PVC plastic cards.

2027

MENA’s district cooling market is expected to reach USD 15 bn.

World Water Forum, Riyadh, Saudi Arabia.

2030

UAE’s Abu Dhabi Commercial Bank (ADCB) wants to provide AED 35 bn in green financing.

UAE targets 14 GW in clean energy capacity.

Tunisia targets 30% of renewables in its energy mix.

Qatar wants to generate USD 17 bn from its circular economy, creating 9k-19k jobs.

Morocco’s Xlinks solar and wind energy project to generate 10.5 GW of energy.

2035

Qatar to capture up to 11 mn tons of CO2 annually.

2045

Qatar’s Public Works Authority’s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm/d capacity.

2050

Tunisia’s carbon neutrality target.

2060

Nigeria aims to achieve its net-zero emissions target.

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