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Infinity Power + Sierra Leone partner on developing 1GW of renewable energy

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WHAT WE’RE TRACKING TODAY

TODAY: Infinity Power 💚Sierra Leone + Iraq powers up renewable energy exports to Turkey

Good morning, nice people. We have a brisk issue this morning with news from our friends at Infinity Power and an update on Iraq’s renewable energy export plans, but first, a look at how the recent shakeup in the US presidential race may shape climate policy…

THE BIG CLIMATE STORY OUTSIDE THE REGION– US presidential candidate Kamala Harris expected to crack down on climate change: Potential Democratic presidential nominee Kamala Harris is expected to have a more aggressive stance on climate issues than her predecessor Joe Biden. Harris took legal action against fossil fuel companies, prosecuted a pipeline company for an oil leak, and investigated Exxon Mobil for misleading the public about climate change during her time as California attorney general, which suggests she could be more assertive in holding oil companies accountable and addressing environmental justice.

Putting clean energy goals first: In her role as vice president, Harris debuted at international climate negotiations, committing USD 3 bn to the Green Climate Fund and delivering a major speech on climate. She has also been active in US Environmental Protection Agency policy rollouts, and has addressed environmental justice issues through initiatives like a USD multi-bn program to replace lead pipes and lead paint nationwide.

The story made headlines in the international press: Reuters | Bloomberg | The New York TImes | Wall Street Journal | ABC News


WATCH THIS SPACE-

#1- Egypt + EU eye EUR 1.8 bn investment guarantee to boost green sectors: Egypt and the EU are considering activating a EUR 1.8 bn investment guarantee mechanism designed to boost local and foreign investments in key sectors, including renewable energy, green hydrogen, food security, and digital transformation, according to a press release. The meeting also covered development cooperation, particularly the Nexus for Food, Water, and Energy initiative program linking water, food, and energy projects.

REMEMBER- The EU pledged EUR bns to Egypt earlier this year: The EU is set to provide Egypt with a EUR 7.4 bn package of loans, grants, and investments — including some in the green energy sector — through to 2027, after President Abdel Fatteh El Sisi signed a joint strategic partnership and comprehensive agreement with European Commission President Ursula von der Leyen at the Ittihadiya Palace in March.

ALSO- Egypt to allocate 90 sqkm of land for Amea Power’s renewable energy projects: The Egyptian New and Renewable Energy Authority plans to allocate approximately 90 sqkm of land to UAE’s Amea Power — a subsidiary of the UAE’s Al Nowais Group — for its planned renewable energy projects in the country, Al Arabiya reports, citing sources it says have knowledge of the matter. The projects will include both solar and wind stations with a combined capacity of 1.5 GW.

More details: Following the Egyptian Cabinet’s approval to expand its renewable energy projects in the country by next summer, Amea Power is now set to receive 20 sqkm in Benban, Aswan for a 500 MW solar power plant and 70 sqkm in the Gulf of Suez for a 1 GW wind power plant, sources tell Al Arabiya. The company will finalize project details with the Egyptian Electricity Transmission Company within the next two weeks, aiming for commercial operation before summer 2025.

Part of a bigger plan: The UAE and Egypt are working to introduce some 4 GW of renewable energy into the national grid by next summer in a bid to help Egypt meet heightened energy demand.

#2- Morocco explores implementing a carbon tax: The Moroccan Customs and Indirect Tax Administration will conduct a study to implement a carbon tax as part of its strategic plan 2024-2028, MAP reported. The carbon tax will be developed collaboratively with relevant sectors and the private sector, and the study will explore simplifying the customs code to facilitate access to customs legislation.

Why this matters: The proposed tax comes in response to the EU’s Carbon Border Adjustment Mechanism (CBAM) that is set to fully go into effect starting 2026, which could have a considerable impact on Morocco’s exports — particularly from the country’s notoriously energy-intensive steel, aluminum, cement, electricity, and fertilizer industries, according to a study (pdf) by the Policy Center in Morocco.

Morocco is not alone: Egypt’s government is also reportedly mulling plans to put a new tax on carbon emissions from petroleum products in preparation of the EU’s CBAM. The proposed tax will be based upon the “cost of environmental damage” — i.e., a direct tax on emissions — and not the quantity of petroleum products as done currently. Egypt’s Financial Regulatory Authority is also set to give the greenlight to brokerage firms looking to trade carbon certificates with a minimum issued and paid-up capital of EGP 15 mn.

#3- Algeria is lining up EU interconnection agreements: Algeria’s state-owned Sonatrach and Sonelgaz are set to sign an agreement with international partners shortly to complete an subsea interconnector line to export electricity to the EU, APS reports, citing a statement by the country’s Minister of Energy and Mines Mohamed Arkab. The exported electricity will be generated from both renewable sources and natural gas.

Is this part of Medlink? Italian energy firm Zhero is developing the Medlink project in a bid to import renewable energy from Tunisia and Algeria which would cover nearly 8% of Italy’s electricity needs. The project is scheduled to kick off operations in 2030, and could eventually expand to deliver green energy to Austria, Germany and Switzerland

#4- We have an estimate on the value of the three renewable energy joint ventures the Public Investment Fund signed last week with major Chinese players: The agreements to localize the manufacturing of a number of wind and solar power generation components is worth over USD 3 bn, according to a statement from British law firm Mishcon de Reya, which represented local and privately owned renewable energy firm Vision Industries in the agreements.

REFRESHER- The PIF’s wholly-owned subsidiary Renewable Energy Localization Company (Relc) and Vision Industries signed with China’s second-largest wind turbine manufacturer, Envision Energy; solar module manufacturer JinkoSolar; and Lumetech, a subsidiary of China’s TCL Zhonghuan Renewable Energy.

IN OTHER SAUDI NEWS- There are some updates trickling in from the Saudi delegation in Brazil: The Kingdom is banking on its nascent EV manufacturing industry amid a global transition to clean and renewable energy, Saudi Industry and Mineral Resources Minister Bandar Al Khorayef told Asharq Business (watch, runtime: 5:07). “Despite EV manufacturing being new to us, we still aim to manufacture 300k-350k vehicles annually. This primarily requires a focus on EV battery manufacturing with Saudi qualified to host investments and industries focused on supply chain for the batteries,” he said.

IN CONTEXT- Al Khorayef is leading a delegation that is currently in Brazil and will head to Chile later this week to look at potential investments in mining and manufacturing. The delegation will meet with government officials as well as execs from top mining, aviation and food companies — including Vale, Minerva Foods, JBS, BRF SA, Codelco, Antofagasta, and others — in both countries. The delegation’s trip to South America wraps up on Tuesday, 30 July.

REMEMBER- Saudi’s ongoing efforts to develop the industry is making it turn to Chile, which is the world’s second-largest producer of lithium. Al Khorayef said in April that Saudi will continue to source lithium from abroad as part of its plans for the emerging EV sector as securing domestic supplies were still at an early stage.

#5- Chinese state-owned oil giant PetroChina has joined 50 other oil and gas producers in signing the Oil and Gas Decarbonization Charter (OGDC), Bloomberg reports. The pledge, initiated by the UAE at the COP28 climate summit, aims to eliminate methane emissions by the end of the decade. PetroChina’s participation means the OGDC now represents about 40% of global oil production. The companies involved must submit plans by 2025 to meet the goals, which also include stopping routine natural gas flaring.

More is needed: COP28 president Sultan Al Jaber highlighted the significance of PetroChina’s commitment and urged other global companies to join the initiative. The company joins other major signatories including Shell, BP, TotalEnergies, and Occidental Petroleum.

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CIRCLE YOUR CALENDAR-

The UAE will host the World ESG Summit from Tuesday, 20 August to Wednesday, 21 August in Dubai. The summit will gather experts and industry leaders to explore new ways to integrate Environmental, Social, and Governance (ESG) principles into business practices.

Turkey will host the International Conference on Clean and Green Energy Engineering from Saturday, 24 August to Monday, 26 August in Izmir. The event will gather researchers and professionals to share advances in clean energy. It will also offer a platform to discuss the latest research, practices, and applications in clean and green energy engineering.

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

This publication is proudly sponsored by

Opening up a world of opportunity
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RENEWABLES

Infinity Power partners with Sierra Leone on developing 1GW of renewable energy

Infinity Power will develop renewable energy in Sierra Leone: Infinity Power — a joint venture between Egypt’s Infinity and the UAE’s Masdar — inked an MoU with Sierra Leone’s Ministry of Energy to develop 1 GW of renewable energy capacity in the country by 2033, according to a press release (pdf). The multi-phase project aims to expand the country’s electricity infrastructure by adding on solar PV, floating PV solar, hydro, battery storage, and wind energy capacity.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

What we know: Infinity Power will work with Sierra Leone’s Ministry of Energy to conduct feasibility studies, secure permits, and finalize PPAs with Sierra Leone’s Electricity Distribution and Supply Authority. The first phase includes developing 200 MW of renewable energy, enhancing hydroelectric dam capacity and the installation of both floating and onshore solar energy generation systems.

Sierra Leone has teamed up with other MENA countries: Morocco and Sierra Leone also agreed to a new cooperation roadmap for 2024-2026, focusing on areas including trade, agriculture, and renewable energy.

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RENEWABLES

Iraq kicks off operations on a 300 MW power line to export energy to Turkey

Iraq connects to Turkey’s power grid: Iraq has begun operating a 300 MW, 115 km electricity line with Turkey as part of its efforts to import energy — including renewables — and diversify its energy mix, Asharq Business reports, citing comments made by Iraqi Prime Minister Mohammed Shia’ Al Sudani. The new link, inaugurated at the Al-Kisk station west of Mosul, will supply the northern provinces of Nineveh, Salahuddin, and Kirkuk. The initial agreement to build the interconnection with Turkey was first signed in 2004.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

Turkey has a lot of renewable energy it can export to Iraq: Solar EPC company Asunim inked an agreement with Derbent Enerji — a subsidiary of Turkey’s Akfen Renewable Energy — for the development of a 40 MW hybrid solar power project in Turkey last April. Turkey’s Fiba Yenilenebilir Enerji is among Turkey’s leading five wind-power producers with 553 MW of installed capacity. Its total assets also include solar power plants with a capacity of 28 MW worth USD 1.31 bn as of December 2021.

Iraq isn’t stopping there: Electrical connections with Gulf countries will also be completed this year, creating a regional electricity network extending to Europe, Al Sudani added. The energy exchange platform for the USD 220 mn GCC-Iraq transmission grid was inaugurated last year, and is expected to help transmission through the line reach 2 TW in the summer and 0.5 TW in the winter once the project is launched. Revenues from the electricity trades are expected to reach USD 200-300 mn annually. Iraq also greenlit a separate 1 GW power interconnection line between Iraq and Saudi Arabia back in May.

REMEMBER- Stronger interconnections = faster green transition: Given that the interconnection project will be used to export electricity to Iraq, including electricity generated by renewable energy, it will reduce the dependence on fossil fuels and facilitate clean power exports to other countries in the region and beyond, thus providing higher interconnectivity and integrability of renewables into the GCC grids. Renewables trading is likely to increase as countries move closer to reaching their emission targets.

All part of plans to connect MENA’s power grid to the EU: Iraq is among the MENA countries identified by the EU as a suitable partner to help them diversify their energy mix away from Russian imports due to the country’s high potential for solar and hydrogen energy production, as well as their geographical proximity.

Iraq has been upping its renewables portfolio: Iraq’s Supreme Committee for Reconstruction and Investment approved the development of a solar power plant — possibly TotalEnergies’s solar initiative — in the Babylon governorate, last month. Iraq’s first waste-to-energy project has received 15 bids from local and international companies to design, build, own, and operate the facility, which will have the capacity to process 3k tons of waste daily. It is expected to be completed within the next two years under a public-private partnership.

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DEBT WATCH

FAB India extends a credit line to Jakson Green for a 250 MW solar project

FAB India extends loan for Uzbek solar plant: First Abu Dhabi Bank’s India office has advanced an INR 2.96 bn (c. USD 35.4 mn) credit facility to India-based engineering company Jakson Green to develop a 250 MW solar plant in Bukhara, Uzbekistan, Indian news outlet TheEconomic Times reports, citing a statement. The project — the company’s first renewables venture in Uzbekistan — will include an integrated battery energy storage system with a capacity of 63 MW.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

FAB is leading the way in sustainability: The UAE-based lender was recognized as the most sustainable company in the Middle East and Africa by Time magazine and data firm Statista. FAB is the highest-ranked company from the region in Time’s inaugural World’s 500 Most Sustainable Companies list, which evaluated over 5k companies globally. The bank — the first globally to join the COP28 Net-Zero Transition Charter — pledged to lend, invest, and facilitate over AED 500 bn (USD 135 bn) in sustainable and green financing by 2030 during COP28.

About Jakson Green: Founded in 2022, Jakson Green specializes in Engineering, Procurement, and Construction, Independent Power Production, Independent Hydrogen and Ammonia Production, and operations and maintenance of new energy assets, according to their website. These assets span various technologies, including solar, utility-scale energy storage, waste-to-energy, fuel cells, green hydrogen, and green ammonia projects. The company is headquartered in India, with operations across UAE, Europe, the Middle East, Africa, amongst others.

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STARTUP WATCH

Flat6Labs plans to launch new USD 85 mn fund to finance green startups

A new Flat6Labs fund in the pipeline: Regional VC firm Flat6Labs is planning to launch a USD 85 mn seed fund that will focus on startups in Egypt, Tunisia, and Africa at large by next year, Flat6Labs CIO Dina El Shenoufy told Enterprise.

What’s next? The firm is currently in talks with a number of financial institutions — including the International Finance Corporation — over their participation in the fund, she added.

What sectors is the firm eyeing? Climate change solutions are among the firm’s priority sectors, as well as edtech, logistics, healthcare, and agritech — a field that is in high demand in Egypt and other African markets, El Shenoufy told us.

Flat6Labs’ portfolio: The firm currently manages some USD 96 mn-worth of investments in Egypt and the Arab world, El Shenoufy said. It has invested in 160 startups in the Egyptian market across various fields — including 95 companies operating in the tech, healthcare, e-commerce, and logistics sectors through its first USD 13 mn fund.

ALSO- Flat6Labs to participate in the relaunched Shell Intilaaqah Egypt Program, under a collaboration agreement with Shell Egypt, Shell Egypt said in a press release (pdf). The program aims to support over 1k Egyptian entrepreneurs a year, with Flat6Labs helping them define their mission, vision, and initial strategy.

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ALSO ON OUR RADAR

Waste management and blue ammonia updates from Egypt and Oman

WASTE MANAGEMENT-

Egypt’s Qena and Sohag governorates signed agreements with Misr CementGroup to manage and operate waste processing and recycling plants, according to a statement. The partnership aims to enhance the efficiency of waste management, reduce environmental pollution, and promote the use of alternative fuels derived from waste. It is part of a broader strategy to integrate the private sector into Egypt’s waste management system and is expected to optimize the use of waste processing facilities and produce high-quality organic fertilizers.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

BLUE AMMONIA-

Shell selects KBR’s blue ammonia technology for low-carbon project in Oman: Shell Oman has picked US-based engineering firm KBR to provide its technology for the Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman, according to a press release. The project will use KBR’s advanced ammonia synthesis loop technology to produce cost-effective, low-carbon ammonia. KBR will provide proprietary engineering design for the 3k metric tons per day ammonia plant, using hydrogen produced with Shell’s Blue Hydrogen technology.

The project just entered its FEED phase: Blue Horizons entered its pre front-end engineering design (FEED) phase last week. As part of this phase, Shell Oman aims to finalize the technical design and agree on the commercial terms with the Oman’s government and other offtakers. The firm is working with OQ, OQ Gas Network, and Petroleum Development Oman under a joint study agreement to deliver the pre-FEED activities for this project.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Tadweer Group deploys material recovery devices in Abu Dhabi: Tadweer Group has distributed 25 material recovery devices (MRDs) — which sorts and separates waste materials for the purpose of recycling — at strategic locations in Abu Dhabi, including the Ministry of Finance, Umm Al Emarat Park, Zayed International Airport, and UAE University. The initiative will be launched in collaboration with the UAE University’s Facilities Management Services, Abu Dhabi Sports Council, Adnec Group, and municipalities. (Wam)
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AROUND THE WORLD

China moves forward with 29 GW Shanghai offshore wind project

China approves 29 GW offshore wind project in Shanghai: China’s government has greenlit Shanghai’s plan to install 29 GW of offshore wind capacity to help the city cut emissions and meet Beijing’s climate targets, Bloomberg reports, citing Chinese newspaper Xinmin Evening News. The project is expected to supply about 100 bn kWh of clean electricity annually — over half of Shanghai’s yearly power consumption — upon its completion. The city will also receive green power from Inner Mongolia through a state-backed grid.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

Stocks in offshore wind companies are going up: Major offshore wind manufacturers Ming Yang Smart Energy Group and Goldwind Science and Technology saw stock increases of 2.3% and 1.6% respectively following the announcement, Bloomberg writes.

Offshore wind capacity is set to triple by 2030: China’s offshore wind capacity is expected to hit 129 GW by 2030, reaching triple the current capacity. Domestic price wars have reduced equipment costs, boosting demand for clean energy. Last month, offshore wind power prices in Shanghai dropped below coal-generated electricity prices.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Xpeng + Volkswagen partner on EVs: China’s Xpeng and Germany’s Volkswagen are expanding their collaboration to develop advanced electrical and electronic solutions for EVs in China. The partnership will focus on integrating these solutions into vehicles produced under the VW brand, utilizing Volkswagen’s China Main Platform and Modular Electric Drive Matrix. (Bloomberg)
  • The solar storage industry will reach USD 197 bn by 2032: The global solar energy storage market is projected to surge to over USD 197.1 bn by 2032, driven by technological advancements, policy support, and the increasing need for reliable energy storage solutions. Innovations in battery tech, particularly lithium-ion batteries, have significantly improved efficiency and capacity, while government incentives and declining costs are making solar energy more accessible. (Global Market Insight)
  • Portugal is targeting 93% renewables share: Portugal aims to increase its renewable energy share in electricity consumption to 93% by 2030 in its new energy and climate plan draft. To reach this goal, Portugal’s renewable energy capacity will have to double to 42.9 GW. The plan, set for public consultation, also reduces the 2030 target for green hydrogen electrolyzer capacity by 45%. (Reuters)
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ON YOUR WAY OUT

An Emirati farmer is using earthworms to produce organic fertilizer

A plant nursery in Ajman is producing organic fertilizer by vermicomposting — a process that uses earthworms to convert waste into nutrient-rich manure, The National reported earlier this week. The nursery has been producing 150 to 200 tons of organic fertilizer per month for the past seven years.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

How it’s done: Sara Nursery — founded by retired government employee and self-taught farmer Humaid Al Zaabi — uses recycled organic waste including fruit and vegetable scraps, eggshells, and livestock manure to produce the fertilizer. Worms in soil covered with cardboard or egg cartons turn vegetable and fruit waste into organic fertilizer in a process called vermicomposting. Unprocessed soil and worms are returned to the beds to continue composting, boosting agricultural productivity and environmental conservation.

What are the benefits? Vermicompost is considered one of the best soil amendments in horticulture due to its rich nutrient content, which depends on the worms’ diet of nutritious materials like food waste and manure. Worm castings promote plant growth through readily available nutrients and beneficial fungi and bacteria from the worms’ digestive process. The positive impact of worm castings on plants is well-recognized by farmers and soil blenders, even when worms are fed low-nutrient materials like paper fiber.

Building community ties: Al Zaabi sells 20 kg bags of fertilizer – originally priced at AED 20 — at a discounted rate of AED 5 during the summer to encourage home gardening. If every household grew and harvested 10 kg of fruits and vegetables each, it would encourage healthy eating and improve food security, he added.


AUGUST 2024

12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.

20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai, UAE.

24-26 August (Saturday-Monday): International Conference on Clean and Green Energy Engineering, Izmir, Turkey.

24-26 August (Saturday-Monday): International Summit on Non-Renewable and Renewable Energy, Valencia, Spain.

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.

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.

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.

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.

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.

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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