IFC to extend EUR 100 mn green loan to Morocco’s OCP for solar projects

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WHAT WE’RE TRACKING TODAY

TODAY: The IFC has greenlit a green loan worth EUR 100 mn for OCP’s solar plants

Good morning, wonderful people. It’s a busy start to the week and we have updates from all over the region. Let’s jump right in.

THE BIG CLIMATE STORIES- The International Finance Corporation approved a green loan worth EUR 100 mn to Moroccan state-owned fertilizer and phosphate giant OCP Group to help finance the development of four solar plants yielding 202 MW, while UAE renewables giant Masdar has achieved financial close on three solar photovoltaic projects in Uzbekistan and an overall capacity of 900 MW.

^^ We have the details on these stories and more in the news well, below.

THE BIG CLIMATE STORY OUTSIDE THE REGION- There’s not much making headlines internationally, but global ocean temperatures are at an all-time high. The average temperature of the world’s ocean surface peaked at 21.1°C since the start of April — the highest level recorded since satellite monitoring began in the 1980s, according to research by the National Oceanic and Atmospheric Administration. Up from the previous record of 21°C in 2016, warming seas would spell disaster for humanity with vanishing polar ice caps, bleaching corals, and swelling sea levels. The story got picked up by The Guardian and the BBC.

OVER IN COPLAND- Is a businesslike approach needed to tackle the climate crisis? That’s a yes for COP28 President-Designate Sultan Al Jaber, who told The Guardian that the world needs a “business mindset” to combat the climate crisis. Al Jaber said he plans to use the climate summit to lay out a clear roadmap for how the private sector, governments, and other stakeholders can effectively address climate change. “We need a major course correction and a massive effort to reignite progress. This cannot be done by governments alone,” he said. “We need partnerships, not polarization, and we need to approach this with a clear-eyed rationale and executable plan of action,” he added.

Al Jaber hits back at criticism: No one should prejudge Al Jaber’s leadership of the UN talks, he said, stressing that he is committed to the 1.5°C temperature rise limit and emission cuts by the private sector. Al Jaber’s appointment as COP28 president has received backlash, with activists questioning the decision to allow the head of one of the world’s largest oil companies (Adnoc) to preside over the climate summit. Al Jaber, however, insists that his business background will be an asset for the talks, citing his country’s achievements in renewables and energy transition despite being a key oil-producing nation.

WATCH THIS SPACE #1- More solar in the pipeline for Qatar: Siraj Energy is planning on building a 410 MW solar station in Mesaieed and another 470 MW solar plant in Ras Laffan, Doha News quotes CEO Mohamad Al Harami as saying. No financial details about the plants, which will take two years to complete, have been disclosed.

Background: Siraj Energy inaugurated the 800 MW Al Kharsaah solar power plant — the country’s largest solar facility — in 2022. The plant is jointly owned by TotalEnergies and Marubeni, who own 40%, and Siraj Energy, which holds 60%.

WATCH THIS SPACE #2- Toyota wants in on EV frenzy: Japan's Toyota Motor Corp plans to bring to market 10 new battery EV models by 2026, the company’s Chief Technology Officer Hiroki Nakajima said at a briefing on Friday. The Japanese automaker will also establish a new and specialized unit for battery EVs, aiming for annual production of 1.5 mn battery-powered vehicles by 2026, Nakajima said. The announcement marks a shift from Toyota’s current low production of EVs, CNBC notes. The company has pushed back against criticism that it is lagging behind in EV production, saying its gasoline-electric hybrids make more sense for its global customer base.

WATCH THIS SPACE #3- Recycled Egyptian products up for export? Egypt and the United Nations Industrial Development Organization will discuss establishing a mechanism to allow Egyptian export of recycled products, according to a statement released on Thursday. Accrediting these products for export requires a license from one of the internationally accredited authorities for recycled goods, Environment Minister Yasmine Fouad said during a meeting with officials from the Egyptian Clothing Bank. Currently, the ministry-affiliated Waste Management Regulatory Authority is the only body in the country licensed to recycle products.

WATCH THIS SPACE #4- G7 countries may endorse new investments in natural gas supply at their upcoming two-day meeting in Japan on 15 April, Reuters reported on Thursday, citing a draft document seen by the newswire. The draft statement said that climate ministers would agree that new upstream investments in gas are needed given the energy shortage caused by sanctions on Russia since its invasion of Ukraine last year. The draft is still under negotiation by the G7 countries and may change significantly before it is adopted at the summit. While the International Energy Agency has stated that no new investments in fossil fuel supply should be made if the world is to stay below the 1.5°C target, the G7 group categorizes natural gas as a “transitional fuel” to cleaner energy, which it claims could be needed for at least 10 to 15 years.

WATCH THIS SPACE #5- Investors call for bigger emission cuts from TotalEnergies this decade: A group of shareholders in TotalEnergies — representing 1.5% of the French oil giant’s shares — have joined Dutch shareholder activist group Follow This in filing a resolution to make more substantial emission cuts this decade, Reuters reported on Thursday. TotalEnergies announced this month that its emissions will not register a big reduction by 2030. In December, Follow This filed shareholder resolutions to Shell, BP, ExxonMobil, and Chevron asking them to align their 2030 emissions targets with the goals of the Paris Climate Accords by reducing indirect emissions in their value chain. The last time TotalEnergies shareholders voted on a Follow This resolution, the activist group received 17% of the votes. The group of investors co-sponsoring the resolution have USD 1.1 tn in assets under management and will be voting on the resolution on 26 May.

WATCH THIS SPACE #6- US set to crack down on vehicular emissions: The Biden administration is set to unveil regulations on Wednesday to curb car and truck emissions as part of the government’s target to push down the carbon output 65% below 2008 levels by 2030, Bloomberg reported last week. The Biden-Harris administration’s new regulations aim to push down emissions generated from 2027 car models, and are expected to govern tailpipe greenhouse gas output through to 2032. The Environment Protection Agency is also expected to lay out a proposal later in April on curbs for industrial carbon output, Bloomberg notes.

WATCH THIS SPACE #7- Debt write-offs are inevitable to ensure climate goals: Nearly half a tn USD in debt needs to be written off for developing countries suffering from distressed debt burdens to help ensure that climate and sustainability goals are not hindered, according to a report by Boston University published last week. Some 61 nations are in or near debt distress and are in need of immediate debt relief, according to the Boston University Global Development Policy Center and the Debt Relief for a Green and Inclusive Recovery Project. These countries are the most susceptible to climate change, and a big chunk of their foreign resources are being used to pay off debt. EM sovereign debt also more than doubled to USD 3.9 tn in 2021, up from USD 1.4 tn in 2008.

A possible solution? The report suggests some instruments to help provide relief for the current debt crisis, including having remaining debt exchanged for fresh “green and inclusive recovery” or sustainability-linked bonds.

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THE DANGER ZONE- Climate change is spurring the spread of mosquito-borne disease: The World Health Organization (WHO) warned last week that mosquito-borne diseases are spreading at an accelerated rate as warming temperatures provide fertile grounds for critters to spawn and breed in usually cold climes, France 24 reports, citing WHO research. The WHO sounded the alarm last week that new epidemics of zika virus, dengue, and chikungunya could become more prevalent as global warming spreads.

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CIRCLE YOUR CALENDAR-

Japan will host The G7 Ministers’ Meeting on Climate, Energy, and Environment on Saturday, 15 April in Sapporo. The two-day event will see cabinet members from G7 member states discuss solutions for the global power crunch triggered by the Russia-Ukraine war, explore pathways to transition the global economy toward 100% clean energy, further negotiations on the UN’s plastic pollution treaty as well as the Kunming-Montreal Global

Biodiversity Framework, and devise a roadmap for strengthening climate resilience for climate-vulnerable countries.

The UAE is hosting the International Conference on Green Energy and Environmental Technology (ICGEET) on 18 and 19 April in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.

Germany will host the first COP27 transitional committee workshop from Saturday, 29 April to Sunday, 30 April in Bonn. The workshop will address climate-driven loss and damage impacts, will spotlight the findings of a report prepared by the UN on current funding arrangements for climate mitigation efforts, and bring together a host of international financial institutions to discuss pathways to upping funding capacity for climate-induced loss and damage.

Turkey is hosting the International 100% Renewable Energy Conference from 4-6 May in Istanbul. The event will bring together experts to discuss the integration of renewables, renewable energy technologies and applications, and the Roadmap to 2050.

The first MENA Solar Conference is accepting applications from published researchers specialized in PV technology until Sunday, 30 April. The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers here.

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

The IFC will extend a EUR 100 mn green loan to OCP for solar projects

OCP lands funding IFC for solar projects: The International Finance Corporation (IFC) approved a green loan worth EUR 100 mn to Moroccan state-owned fertilizer and phosphate giant OCP Group to help finance the development of four solar plants yielding 202 MW, Morocco World News reports. The four plants would be located at OCP’s mining sites in the cities of Khouribga and Benguerir and require a total investment ticket of over EUR 159 mn. There is no timeframe or projected completion date for the plants.

The details: A 105 MW solar farm would be constructed in an area spanning 168 hectares in OCP’s Ouled Fares mining site in Khouribga, and another 30 MW PV plant would also be deployed in the same city at OCP’s quarry in Toum Fizi. Over in Benguerir, OCP plans to build two solar farms, one generating 45 MW of energy, and the other yielding 22 MW.

More to come: OCP’s four solar farms will become operational over two development phases, with the first phase deploying 202 MW of renewable energy without battery storage solutions, the news outlet notes. The second phase will increase the combined generational capacity of the four plants to 1.2 GW.

REMEMBER- OCP is ramping up solar and renewables deployments: OCP Group is earmarking USD 13 bn to invest in solar and clean energy projects as it looks to rely entirely on renewables to power its facilities by 2027.

Masdar achieves financial close on Central Asia’s largest solar development project

PROJECT UPDATE- UAE renewables giant Masdar has achieved financial close on three solar photovoltaic projects in Uzbekistan, according to a statement released on Thursday. Construction on the three projects in Sherabad, Samarkand, and Jizzakh is set to begin in 1H 2023, with the plants going live in 2024. The solar projects have a combined capacity of 900 MW, making it the largest solar development project in Central Asia, the statement said.

Background: Masdar signed agreements with Uzbekistan in 2021 on the three projects, which are receiving financing from the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, and the European Investment Bank. B loan participants include the Dutch Entrepreneurial Development Bank, FMO, and ILX, according to the statement.

Not Masdar’s first venture in Uzbekistan’s renewables: Masdar has actively contributed to Uzbekistan’s first 100 MW IPP solar project Nur Navoi, which has been operational since 2021. Back in September, Masdar achieved financial close on the 500 MW Zarafshan wind project in Uzbekistan — Central Asia’s largest wind farm. The company was also awarded the 250 MW Bukhara Solar PV project, which includes a 62 MW battery energy storage system, late last year, according to the statement.

All under Uzbekistan’s clean energy push: Uzbekistan aims to develop 7 GW of solar and 5 GW of wind capacity by 2030 under a plan to meet 25% of its electricity needs from renewable sources by the end of the decade.

Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups

Bidra nets funds for sustainability, energy transition: US-based agritech fund Bidra Innovation Ventures has secured USD 200 mn in funding from Morocco’s Mohammed VI Polytechnic University (UM6P) and leading Moroccan fertilizer giant OCP Group to back climate-focused startups, according to a statement released last week. The latest funding round comes a year after the same investors backed Bidra with a USD 50 mn fund focused on agriculture.

Where the funds are going: The funds will be used to expand Bidra’s investments in energy, water, mining, and agriculture, the statement notes. This is part of OCP Group’s green investment strategy that was announced late last year with a USD 13 bn commitment over the next four years to help achieve carbon neutrality by 2040, the statement added.

It comes on the back on key investments in 2022: Bidra made investments in a number of agritech startups globally including India’s Niqo Robotics, Africa-focused environmentally-friendly crop protection product maker Agrospheres, soil analysis startup Pattern Ag, Kenya-based agri-marketplace Apollo Agriculture, and carbon sequestration business Travertine, the statement said.

Saudi Fund for Development lends USD 240 mn to finance Pakistan’s Mohmand Hydropower Dam project

Saudi development fund is financing Pakistan’s 800 MW hydropower dam: The Saudi Fund for Development (SFD) — a government institution that provides loans for development projects — has signed off on a USD 240 mn soft loan to finance Pakistan’s Mohmand Hydropower Dam Project, Saudi Press Agency reported on Friday. The project is expected to cost USD 2.17 bn and will begin operations in July 2024, according to Power Technology.

Project goals: The dam will have the capacity to generate 800 MW of renewable electricity and will be able to store around 1.6 mn cubic meters of water, providing a sustainable source of water for the country, SPA said. Water stored in the dam’s reservoir will be used to expand Pakistan’s cropping area to 9.2k hectares from the current 1.5k hectares, while also protecting the region from seasonal floods.

Other funds are pitching in: The OPEC Fund loaned Pakistan USD 72 mn last June to finance the construction of the dam, according to their website.

Pakistan floods have intensified due to climate change: Pakistan declared a state of national emergency last August after months of extreme rain brought on by global warming, with floods submerging entire villages and causing the death of some 1.5k people. Researchers determined that scorching heat that spring had been 30 times as likely to occur because of greenhouse emissions. At the loss and damage fund discussions in Luxor last month, Egypt’s lead climate negotiator Mohamed Nasr highlighted that the vast majority of funding channeled to Pakistan in the wake of its deadly floods last year were loans, rather than grants, which grow the country’s debt burden.

UAE + Serbia talk joint development in renewables and clean energy

UAE and Serbia talk renewables: The UAE’s Foreign Affairs and International Cooperation Minister Sheikh Abdullah bin Zayed sat down with Serbia’s Prime Minister Ana Brnabić last week in Belgrade to discuss potential joint development ventures in renewables and clean energy, the economy, trade, and education, The National reported last week.

Serbia is keen on building renewables-focused partnerships in the region: Serbian Energy Minister Dubravka Đedović presented Serbia’s long-term mining and energy strategies to a delegation from the Saudi Fund for Development last month. Đedović emphasized that the country’s energy sector is about to enter an intensive investment cycle and is drafting a national energy and climate strategy, with the first five-year plan expected to require “investments of several bn EUR.”

ALSO- Egypt and Cyprus explore clean energy development: Egypt’s President Abdel Fattah El Sisi held talks with his Cypriot counterpart Nikos Christodoulides in Cairo to discuss developments in the USD 4 bn 2 GW EuroAfrica Interconnector, which will see Egypt transport renewable energy and gas to both Cyprus and Greece, El Sisi said at a joint press conference last week. The two heads of state discussed potential cooperation on renewables, trade, and development, as well as tripartite cooperation with Greece. El Sisi and Christodoulides also agreed to launch an Egyptian-Cypriot business council, according to a separate statement.

Dewa set to launch a nanosatellite to optimize power networks, UAE ramps up cloud seeding, LG sources lithium from Morocco + UAE and KSA expand on EVs

DEWA to launch a nanosatellite this month: The Dubai Electricity and Water Authority (DEWA) has completed preparations to launch a nanosatellite intended to support the digitalization of the country’s power networks and facilitate the roll-out of smart grids and EV charging stations, Wam reports. The nanosatellite — developed with Lithuania’s spacecraft engineering company NanoAvionics — is equipped with infrared to measure greenhouse gasses and improve the operational performance of power generation and water desalination plants. It can also provide accurate estimates of seawater temperature and salinity, detect harmful algal bloom, monitor fog, and assist in forecasting, according to the news outlet.

The UAE goes big on cloud seeding: The UAE’s National Centre of Meteorology (NCM) has signed an agreement with Abu Dhabi-based Calidus Aerospace for the purchase of an undisclosed number of its Wx-80 turboprop cloud seeding aircraft, the National reported last week. Although the price tag of the agreement and the number of planes secured by the NCM have not been disclosed, the NCM did note that the transaction marks a milestone for “achieving water security for the UAE.” The UAE is developing artificial intelligence for use in its cloud seeding program, ushering in a new level of tech precision to address water scarcity woes. By using an algorithm to cross reference historical weather data with current satellite reports and generate predictions about precipitation, scientists hope to effectively assess whether there’s enough humidity for cloud seeding operations to be successful.

LG Energy will source US and EU lithium demands from Morocco: South Korean battery manufacturer LG Energy Solution has signed an agreement with Chinese lithium compounds producer Yahua to purchase lithium hydroxide from Morocco, Morocco World News reported last week. The agreement is part of its plan to export the critical mineral west, where LG expects demand to skyrocket on the back of recently spelled out guidance on EV tax breaks and incentives — especially in the EU and the US. Lithium is one of several rare earths essential for EV battery production.

REFRESHER- The US and EU are looking beyond China for EV battery minerals: The US and EU have agreed to begin talks on the supply of minerals that are essential for EV production, and are looking to reach a preliminary limited trade agreement that would see minerals extracted in the EU count toward the USD 7.5k EV tax credits of the Inflation Reduction Act. Japan beat the EU to the punch, striking a similar limited trade agreement with the US in March. Under the limited trade treaty, the allies will lift export duties on rare earths, and will jointly work to minimize reliance on China’s mineral supply chain. Over in Europe, the EU Commission also proposed a target to shore up at least 10% of its annual rare earths demands domestically, with the remainder being procured from trade partners as part of its Critical Minerals Act, which aims to wean the bloc off Chinese dependency in the energy transition.

What does this mean for us? The guidance announced by the US Treasury Department in March, along with the EU’s Critical Minerals Act, could pave the way for mineral exports from the region, as in the case of Morocco. The US’ subsidy criteria for the tax credits give room for battery minerals sourced from US freetrade partners including Bahrain, Jordan, Morocco, and Oman, according to the US Treasury statement. The EU also has fully ratified trade treaties with Algeria, Egypt, Morocco, Tunisia, Jordan, and Lebanon.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

200 projects are up for privatization in KSA: Saudi Arabia’s National Centre for Privatization has approved a list of 200 projects to be offered for privatization and co-development under public-private partnerships. The projects span 17 sectors and aim to attract more local and foreign investments. One of the projects up for privatization is a solar plant under construction in Al Rub’ Al Khali land port. The plant is currently owned by Saudi Arabia’s tax authority. (Zawya)
Dubai-based fuel delivery startup Cafu is expanding to Canada with an EV charging service targeting users who lack access to home charging. (Gulf Business)
Saudi car supply companies Naghi Motors, Almajdouie Motors, and Almajdouie have signed agreements to provide EVs to Al-Moftah, Budget, and Yelo car rental companies respectively. Naghi Motors agreed to provide 100 electric cars to Al-Moftah within one year, but the two other companies did not specify the number of cars or the time frame. (Zawya)
Increased solar and wind energy deployments could push down the cost of green hydrogen per kg in Morocco to USD 2.54. (Science Direct)

Eritrea gets a grant for 30 MW solar plant, Germany invests bns in upgrading port for clean energy, and China + India kick off agreements on green hydrogen

Eritrea lands funding for solar plant: The African Development Fund (ADF) has approved a USD 49.92 mn grant for a 30 MW solar power plant and a battery energy storage system in Eritrea, according to a statement released on Thursday. The grant consists of USD 19.5 mn from the ADF and USD 30.42 mn from the Transition Support Facility. The Dekemhare plant will help boost generation capacity to 185 MW and grid energy to 365 GWh annually.

Germany ramps up investment in clean energy infrastructure: Leading energy firms could pour over USD 5.5 bn between 2026 and 2030 to help build the necessary clean energy infrastructure at Germany’s Wilhelmshaven port, Reuters reported on Thursday. Energy Hub Port Wilhelmshaven — a consortium of 30 companies including Uniper and Wintershall Dea — are exploring the port’s potential as a hub for hydrogen and ammonia imports and hydrogen production. Planned investments include electrolysis plants that could be scaled to over 1 GW in size, according to spokesman Rhenus Ports’ Uwe Oppitz.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

India will provide green hydrogen incentives of at least 10% of cost to clean fuel producers as part of a USD 2 bn scheme kicking off before the end of June. (Reuters)
Chinese company China Energy has signed an agreement with French state-owned utilities firm EDF to build an offshore green hydrogen facility with a 1.5 GW capacity for energy storage. (Bloomberg)

CALENDAR

APRIL 2023

15-16 April (Saturday-Sunday): G7 Ministers’ Meeting on Climate, Energy, and Environment, Sapporo, Japan.

18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE.

29-30 April (Saturday-Sunday): First COP27 transitional committee workshop, Bonn, Germany.

MAY 2023

1-4 May (Monday-Thursday): Arabian Travel Market, Dubai, UAE.

2-7 May (Tuesday-Sunday): Salon International de l’Agriculture au Maroc (SIAM), Meknes, Morocco.

4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference, Istanbul, Turkey.

8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE.

8-10 May (Monday-Wednesday): Annual Investment Meeting, Abu Dhabi, UAE.

9 May (Tuesday): World Hydrogen 2023 Summit & Exhibition, Rotterdam, Netherlands.

9-10 May (Tuesday-Wednesday): The Solar Show MENA, Cairo, Egypt.

16-18 May (Tuesday-Thursday): Seatrade Maritime Logistics Middle East, Dubai, UAE.

19-21 May (Friday-Sunday): G7 Hiroshima Summit, Hiroshima, Japan.

24-27 May (Wednesday-Saturday): Second meeting of the COP27 Transitional Committee, TBD.

29-31 May (Monday-Wednesday): Electric Vehicle Innovation Summit, Abu Dhabi, UAE.

30 May-1 June (Tuesday-Thursday): Global Sustainable Development Congress, King Abdullah University of Science and Technology (KAUST), KSA.

JUNE 2023

1 June (Thursday): Invest in African Energy Forum, Paris, France.

1-3 June (Thursday-Saturday): Envirotec and Energie Expo, Tunis, Tunisia.

12-15 June (Monday-Thursday): Saudi Plastics & Petrochem, Riyadh, KSA.

13-14 June (Tuesday- Wednesday) The Arab Green Summit, Dubai, UAE.

13-14 June (Tuesday- Wednesday) Bloomberg New Economy Gateway Africa Conference, Marrakesh, Morocco.

13-14 June (Tuesday- Wednesday) Vision Golfe 2023, French Ministry of the Economy, Finance and Industrial and Digital Sovereignty, Paris, France.

JULY 2023

3-7 July (Monday-Friday): The 36th Conference of the International Association of Climatology, Bucharest, Romania.

22-23 July (Saturday-Sunday): Second COP27 transitional committee workshop, Bangkok, Thailand.

AUGUST 2023

20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden.

29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, TBD.

SEPTEMBER 2023

9-20 September (Saturday-Wednesday): 2023 Sustainable Development Goals Summit, New York, USA.

11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.

12-15 September (Tuesday-Friday): WTO Public Forum, Geneva, Switzerland.

Chariot Limited and Total Eren’s feasibility study on a 10 GW green hydrogen plant in Mauritania to be completed.

OCTOBER 2023

2-4 October (Monday-Wednesday): WETEX and Dubai Solar Show, Dubai, UAE.

4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.

16-18 October (Monday-Wednesday): Climate Week, Rome, Italy.

17-20 October (Tuesday-Friday): Fourth meeting of the COP27 Transitional Committee, TBD.

29 October- 2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt

31 October – 2 November (Tuesday-Thursday): World Hydropower Conference, Bali, Indonesia.

NOVEMBER 2023

9-10 November (Thursday-Friday): International Renewable Energy Agency Investment Forum, Uruguay.

30 November - 12 December: Conference of the Parties (COP 28), Dubai, UAE.

FEBRUARY 2024

22-26 February (Thursday-Monday): Management and Sustainability of Water Resources, Dubai, UAE.

EVENTS WITH NO SET DATE

End-2022

KSA’s Neom wants to tender three concrete water reservoir projects to up its water storage capacity by 6 mn liters.

2023

Early 2023: Egypt’s KarmSolar to launch KarmCharge, the company’s EV charging venture.

1Q2023: Oman will award two blocks of land for green hydrogen projects in Duqm, Oman.

Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors to close.

Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to be completed.

Saudi Basic Industries Corporation (Sabic) steam cracker furnace powered by renewable energy to come online.

4Q2023: Oman to award four blocks of land for green hydrogen projects in Thumrait, Oman.

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.

First 1.5 GW phase of Morocco’s Xlinks solar and wind energy project to be operational.

2025

Second 1.5 GW phase of Morocco’s Xlinks solar and wind energy project to be operational.

UAE to have over 1k EV charging stations installed.

2026

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.

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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