Masdar eyes a 2 GW renewables expansion into Malaysia

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WHAT WE’RE TRACKING TODAY

TODAY: Masdar eyes a 2 GW renewables expansion into Malaysia

Good morning, wonderful people. We have a relatively brisk issue for you this morning to mark the midpoint of the week, with a couple of key updates on renewables and EVs emerging from the GCC.

THE BIG CLIMATE STORY- UAE renewables giant Masdar has signed an MoU with Malaysia-based investment holding company Citaglobal Berhad to jointly develop 2 GW worth of renewable energy projects in Malaysia.

^^ We have more details on this story and more in the news well, below.

THE BIG CLIMATE STORY OUTSIDE THE REGION- There’s no single climate story dominating international headlines this morning, but at least two people were killed in China's capital Beijing yesterday as the remnants of Typhoon Doksuri flooded the city of nearly 22 mn people. Heavy flooding also hit the neighboring city of Tianjin and the Hebei province, with three of the five rivers that make up the Hai river basin rising to critical levels yesterday. Though downgraded from a typhoon, Doksuri remains one of the strongest storms to hit China in years, with the Beijing observatory maintaining its red alert for heavy rainfall. Tens of thousands of people were evacuated from their homes on the back of the extreme rain.

The extreme rainfall hitting Beijing got coverage in the international press: Reuters | The Guardian | AFP | CNN | The New York Times

WATCH THIS SPACE #1- UAE’s Adnoc shaves five years off its net zero plan: The UAE’s state oil giant Abu Dhabi National Oil Co (Adnoc) plans to achieve its net zero ambitions in 2045 instead of an initial plan of 2050, according to a statement. Adnoc also plans to achieve zero methane emissions by 2030. The company allocated USD 15 bn to advance and accelerate low-carbon solutions, new energy investments, and decarbonization technologies earlier this year to help achieve its net zero goals.

WATCH THIS SPACE #2- The Saudis continue to snap up mining projects abroad: Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) is in talks with Canadian miner Barrick to acquire a stake in its Reko Diq copper project in Pakistan, Bloomberg reported earlier this week, citing people with knowledge of the matter. They said having the PIF as an investor would help alleviate the Canadian miner’s funding burden and bring in a partner known to have political influence in the South Asian country.

Big expansion plans: The interest by the Saudis in Pakistan comes as the PIF sealed an agreement last week with Brazilian miner Vale to grab a 10% slice of its base metals unit as it eyes a pivotal role in the global energy transition supply chains. It aims to become a global hub for green metals that are critical for the energy transition under efforts to diversify its economy away from oil. This includes significant amounts of uranium and titanium discovered in the country, according to officials. KSA says it has untapped metals and minerals — including copper, zinc, phosphate, and gold — collectively worth USD 1.3 tn.

THE DANGER ZONE- Heat stress will put a dent in economic growth: Increasing heatwaves across the globe pose a major threat to workers, business productivity, and sustainable economic growth, International Labour Organization occupational heat stress expert Nicolas Maître told UN News. Occupational heat stress happens when it is too hot to work safely or productively, leading to heat exhaustion, heat cramps, or heat stroke, which, in severe cases, can be fatal. When temperatures reach 33-34°C, worker performance can drop up to 50% in physically demanding jobs, Maître said, adding that the agricultural and construction sectors are the most affected.

CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.

Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.

DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself: The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami. We’re releasing a new episode every Sunday morning.

IN THIS WEEK’S EPISODE- We look at whether industrial clusters — which have been used to great effect elsewhere — can be a way for SMEs to be part of a potential export-oriented economy. Our speakers shed light on where industrial zones are working for us already, how Egypt can leverage clusters to get a bigger slice of that cross-border trade, and how industrial clusters can bring together SMEs to work with larger firms. We were joined on that panel by Shady Williams, managing director of IDG, Mohamed ElGebely, team leader at USAID Trade, and Nada El Ahwal, CSO of Transmar.

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CIRCLE YOUR CALENDAR-

Sweden will host World Water Week from Sunday, 20 August to Wednesday, 24 August in Stockholm. Organized by the Stockholm International Water Institute, the event will bring together policy makers, NGOs, and private sector players to discuss innovative solutions to managing water and how to tackle food security, biodiversity, and climate change.

The US will host the International Conference on Recycling and Waste Management and the International Conference on Environmental Sustainability and Climate Change

from Monday, 21 August till Tuesday, 22 August in Philadelphia. The waste management conference will gather environmental engineers, and recycling, wastewater treatment, and climate researchers to discuss trends and innovations in plastics recycling, wastewater treatment, and renewable energy. The sustainability and climate change conference will bring together researchers and industry leaders to spotlight innovations in environmental science, climatology, renewable energy, and pollution control.

The Dominican Republic will host the COP27 Transitional Committeefrom Tuesday, 29 August to Friday, 1 September. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund. It also wants to expand sources for climate funding under the program.

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

Masdar eyes a 2 GW renewables expansion into Malaysia

Masdar inks an MoU with Berhad to develop Malaysian renewables: UAE renewables giant Masdar has signed an MoU with Malaysian investment holding company Citaglobal Berhad to jointly develop 2 GW worth of renewable energy projects in Malaysia, according to a statement. No financial details or a timeline for the projects have been disclosed.

The details: Under the agreement, the projects both parties will explore include solar plants, battery energy storage systems (BESS), wind farms, and other renewable energy technologies, the statement notes. Masdar and Citiglobal are looking to develop these projects in the Malaysian state of Pahang, it adds.

More in the pipeline? UAE Prime Minister Khaled bin Mohammed bin Zayed and counterpart Anwar Ibrahim met in Malaysia last May to discuss exploring potential partnerships in the clean energy sector.

Not Masdar’s first entry in Southeast Asia: The company has heavily invested in renewable energy projects in Southeast Asia recently, including Indonesia. Masdar bought shares in the geothermal unit of Indonesia’s state-owned energy firm Pertamina earlier this year in February. The company signed an agreement last year to co-develop solar energy projects worth 1.2 GW with Tuas Power, EDF Renewables, and PT Indonesia Power with an eye on exporting the energy to Singapore. It also signed a power purchase agreement with the Indonesian electricity company for a 145 MW floating solar power plant in 2020.

The company is eyeing an extensive renewable energy portfolio: Masdar is planning to grow its global portfolio to at least 100 GW by 2030. It is also looking to expand its green hydrogen production to 1 mn tons per annum by 2030. The combined capacity for its global portfolio is estimated at 20 GW across 40 countries.

Hyundai and KSA’s Ceer sign agreement on supply of EV parts

KSA’s Ceer will source EV spare parts from Hyundai: South Korean automaker Hyundai Kefico — a subsidiary of Hyundai — has signed a KRW 250 bn (c. USD 196 mn) agreement to supply spare parts to Saudi Arabia’s first EV manufacturing company Ceer, Yonhap News Agency reports.

The details: Under the agreement, Hyundai will supply Ceer with vehicle control units — the travel computers which realize the control decisions of electric vehicles — and EV traction inverters, which transform direct current (DC) supply from EV batteries into an alternating current (AC) output. Talks between the two companies are still ongoing for additional supply agreements, Yonhap notes, adding that Ceer may invest a further KRW 450 bn (c.USD 353 mn) to source more EV components from the South Korean automaker.

Things are moving along for KSA’s first EV brand: The company received a manufacturing license from KSA’s Ministry of Industry and Mineral Resources last June for its planned USD 96 mn EV production plant. Once it kicks off operations, Ceer is expected to rake in over USD 150 mn in foreign direct investment with EVs expected to hit the market in 2025.

About Ceer: The company — a JV between Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) and Taiwanese multinational electronics contract manufacturer Hon Hai Precision Industry Company (Foxconn) — was established last November. The EV brand, which will license component technology from BMW, is expected to contribute USD 8 bn to Saudi Arabia’s GDP by 2034.

Maersk is reportedly preparing an offer for a 50% stake in Egypt’s Zafarana wind farm

Maersk may snap up 50% of Zafarana wind farm: The Egyptian government has given initial approval for Danish shipping company Maersk’s acquisition of a 50% share in Egypt’s 545 MW Zafarana wind farm, Al Mal reported on Thursday, citing sources it says have knowledge of the matter. If Maersk reaches an agreement with Egypt, it would use the clean energy produced for its planned USD 15 bn green hydrogen project in the country.

The project: Launched in 2011, the project spans 120 sq km, comprising 700 wind turbines that offset c. 648k tons of CO2 equivalent annually. The project was financed through soft loans provided by Denmark, Spain, Japan, and Germany.

Next steps: The Egyptian government, the Sovereign Fund of Egypt (SFE), and the country’s electricity minister have reportedly asked the Danish company to submit a financial offer for its share of the project in preparation for negotiations, the news outlet notes.

Not the only windy Maersk spot in Egypt: The Egyptian Cabinet approved in May requests by Norway’s Scatec and Maersk to allocate land for a planned 320 MW wind farm to power the company’s green projects which include Scatec’s 100 MW green hydrogen plant and Maersk’s USD 15 bn clean fuel project.

And there’s another Egyptian wind farm up for grabs: Egypt is selling off shares in the state-owned 580 MW Gabal El Zeit wind farm which is included on the list of 32 companies and assets earmarked for privatization by the government. The farms have attracted significant interest among investors, including Saudi Arabia’s Acwa Power, the UAE’s Alcazar Energy, the UK’s Actis, and Egypt-based renewables firm Infinity. The Egyptian government is looking to secure over USD 300 mn by selling Gabal El Zeit, Planning Minister Hala El Said said earlier this month, adding that it accepted the highest bid in June after receiving a number of non-binding offers. The buyer will be given 60 days to conduct due diligence on the asset before the sale, which is expected to be finalized by October.

Karm Architecture Lab’s Principal Architect Farah Faheem talks sustainable architecture in MENA

Coffee with: Farah Faheem, Principal Architect of Karm Architecture Lab: Faheem (LinkedIn) serves as the managing principal architect of Karm Architecture Lab (KAL). Founded in 2014, KAL — a member of the KarmSolar group — offers cost-effective and eco-friendly buildings that are responsive to the surrounding environment and culture using locally-sourced natural earth materials such as stone, sand, and shale for self-sufficient construction. With over 12 years of experience in the Middle East and Egypt, Faheem focuses on the overarching economical and physiological values of environmental and high-performing architectural and urban designs.

We sat down with Faheem to talk about sustainable architecture, KAL’s projects, and how COP27 prompted an interest and growth in the sector.

Edited excerpts of our conversation follow:

Enterprise: Tell us a bit about the story behind KAL.

Farah Faheem: We are a design, construction, supervision, contracting, and urban planning firm based in Cairo. Our architecture lab was founded on the basis of offering a multidisciplinary approach to urban planning and construction, with sustainable, high-performing architecture at the heart of it all. We have two companies operating under KAL; a design arm and a construction arm, which both work hand-in-hand to provide high-quality design products that can be efficiently executed on-site with value engineering.

E: How are KAL’s developments eco-friendly?

FF: We have a research-based approach starting with design itself. We start with thinking about sourcing efficient and affordable building materials, instead of using common building materials such as red or white bricks, which can be costly. One example of this is the solar-powered Wadi Sabarah Lodge we built in Marsa Alam using fossilized coral limestone. Using readily available locally sourced materials like this limestone, there is no need for costly and carbon-extensive excavation processes. Using the limestone pushed down construction costs by 40% compared to traditional building methods. On the clean energy front, most of our developments are either fully powered by solar energy or supplemented with solar power.

E: What is the main obstacle KAL tries to overcome?

FF: We try to change the mindset and the ideas regarding what sustainable architecture means from a financial point of view, whether it’s reducing the construction budget by up to 40-50% in some cases or reducing the operational costs of buildings throughout their lifespans. For instance, if the lifespan of a typical building is 50 years and we’re able to push down operation costs by up to 50-70%, we are redefining sustainable architecture as the affordable alternative to traditional architectural design and construction — even if initial investment was higher for the sustainable approach in some instances.

E: How do you measure the energy-efficiency of your buildings?

FF: We incorporated an environmental engineering department in our company in the last four years to compute and produce actual data of how much our designs will reduce energy consumption throughout the lifespan of the building. From a user experience perspective, we’ve had real feedback from guests at Wadi Sabarah Lodge who have said that they were able to use their rooms without air conditioning in summer because of how the hotel was designed, even though it’s located in one of Egypt’s hottest regions. The same applies for a residential home we built in the same location, the Breathing Beach House.

E: Tell us a bit more about how the design process led to such results.

FF: All of our projects were designed with passive design strategies that ensure natural cross ventilation, ensuring the presence of an inlet and outlet for natural air flow, while ensuring protection from excessive heat gain.

In our design process, we assess the sun and wind’s movement throughout the year and protect the necessary elevations from excessive heat gain in summer. The beach house, for example, used a second skin wall, thick fossilized coral limestone walls, two ventilation towers, and a breezy plan layout to allow the house to operate as a living organism. The second skin protects the south elevation of the house from excessive heat gain. The two ventilation towers, a wind catcher and a solar chimney all operate alternatively to absorb natural cooled air into the house while the other tower sucks the hot air out.

The same kind of ideas were also used for the hotel, where you have multi-layered arcades to protect from excessive heat gain and encourage natural air flow through the various indoor and outdoor spaces. All of these interventions may seem minimal, but their actual impact on the indoor temperatures and the overall use-comfort levels is massive.

E: Are you witnessing a growth in the sustainable architecture sector locally or regionally?

FF: Yes, more so after the COP27 climate summit in Egypt last year. As a sustainability consultancy, KAL has been approached in the last few months by a few of the biggest real estate developers in Egypt to assess their ongoing developments and already built developments in a bid to enhance sustainability, energy efficiency, and user experience through design improvements. KAL is also exploring expansions in Europe and the Middle East.

E: What other projects do you have in the pipeline?

FF: We have a number of very exciting projects in the pipeline this year including hospitality projects. We've got a hotel being designed and built in Siwa, hopefully with the initiation of construction early next year. We’ve got another hotel concept that’s going to be spread out across Egypt and another in the Fayoum area we’re hoping to have constructed next year.

We also plan to establish another Karm Solar campus in the New Valley governorate, where we are also building a large scale solar station. The new campus will be a subterranean structure, which means the whole thing will be built underground, which we’re very excited to be introducing to Egypt. We're also renovating a 70-year-old institutional building built by one of Hassan Fathy’s students.

A major EU shipping lane is at risk as Rhine River levels dip dangerously + Spain’s Capital Energy is selling of its USD 1 bn renewables portfolio + UK greenlights more oil and gas projects

Low Rhine River levels are ringing alarm bells: Companies in Europe are scrambling to adapt to receding waters at the Rhine River, putting the future of the major western European shipping lane at risk, Bloomberg reports. Some companies like German chemicals giant BASF are re-routing logistics to train and trucks, while others like German plastics manufacturer Covestro could be shifting some of their production to Belgium. The shallow water at the Rhine has forced freight operators to start revamping fleets with barges to allow them to navigate. The scorching heatwave in southern Europe pushed the river at Kaub to levels that would only allow in some cargo vessels carrying half of normal capacity. Despite recent rains raising water levels at the Rhine, it was still insufficient for vessels to sail fully loaded. An overhaul of the Rhine’s fleet of 8.9k ships to keep the commerce flowing is also coming in at a hefty price of EUR 90 bn.

Capital Energy to sell USD 1 bn worth of wind + solar power plants: Spanish renewable energy investor Capital Energy has hired financial advisor and asset manager Lazard to sell its USD 1 bn portfolio of 4.3 GW of onshore wind and solar plants in Spain, Reuters reports, citing people with knowledge of the matter. The sale includes 48 projects due to begin construction within 15 months. According to the sources, bidders could either grab projects near completion, less developed projects, or a combination of both.

Britain greenlights new oil and gas projects in the North Sea: UK Prime Minister Rishi Sunak approved around 100 new oil and gas extraction licenses in the North Sea and announced support for two carbon capture and storage clusters in northeast Scotland and the Humber in northern England, the Financial Times writes. The fossil fuel exploration plan is integral to the UK’s carbon-neutrality target for 2050 because it will minimize imports of natural gas, according to Sunak. “When we reach net zero in 2050, a quarter of our energy needs will still come from oil and gas, and domestic gas production has about a quarter or a third of the carbon footprint of imported gas,” Sunak said, according to The Guardian. While Sunak says the move is consistent with the UK’s environmental commitments, the International Energy Agency has said that no new oil and gas projects should go forward if the Paris-agreed 1.5°C warming limit is to be met. The move is drawing criticism from climate advocates who say the plan would “send a wrecking ball” through the country’s climate targets.

REMEMBER- Greenpeace is taking the British government to court: London’s High Court approved Greenpeace’s request to challenge the British government over granting new licenses for fossil fuels extraction in the North Sea last April. Last year, the UK held its first oil and gas exploration licensing round since 2019 in a bid to shore up local energy supply after energy prices skyrocketed.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Adani’s sales on the up and up: Adani Green Energy reported bumper earnings in 2Q — up about 50% y-o-y to stand at USD 39 bn — on the back of a 70% rise in energy sales from new projects and improved use of solar plants. (Bloomberg)
EU finalizes corporate ESG rulebook: The EU Commission issued a finalized version of its rulebook on corporate ESG disclosures. Large companies will issue their first ESG reports in 2025 based on 2024 data. (Bloomberg)

Egypt-bound Netherlands car carrier ship is still billowing smoke

Netherlands tows burning car carrier away from shipping lanes: A car carrier ship that erupted in flames while carrying over 3k vehicles — including some 498 EVs — near the Dutch coast is currently being towed to a new temporary location away from shipping routes, the Dutch water board Rijkswaterstaat said earlier this week. A fire broke out on the ship, which was traveling from Germany to Egypt, last Wednesday killing one crew member and injuring seven. The relocation of the vessel is an intermediate step in what will be a difficult salvage operation as there the vehicles continue to burn with smoke billowing off the carrier. EV lithium-ion batteries usually burn with twice the energy of a normal fire, Reuters noted.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

UAE companies take the pledge: Emirates NBD joined 15 other organizations in the UAE Climate-Responsible Companies Pledge, which encourages organizations to improve their collective efforts to combat climate change and reduce carbon emissions. (Wam)
Sharjah adds more EVs to its public transport fleet: The Sharjah Roads and Transport Authority added 10 electric vehicles and two electric buses to its fleet under efforts to boost sustainable mobility solutions. (Wam)

American retail giant Walmart wants to repurpose its CO2 emissions to produce yarn

Spinning their own climate-friendly yarn: US retail corporation Walmart Inc. is partnering with California-based startup Rubi Laboratories to capture carbon emissions generated by its supply chain and convert it into biodegradable apparel collections, Bloomberg reported last week, citing a company statement.

How it will work: Rubi’s modular reactor system captures flue gas — the material generated when fossil fuels are burned for power — to allow for enzymatic capture of CO2, then the system restructures the base molecule of carbon and polymerizes it into long cellulose chains. The cellulose pulp is then spun into fibers, yarn, and textile, the company explains.

Carbon-apparel: Rubi will integrate its modular reactor systems across CO2-producing facilities within Walmart’s supply chain to capture and convert CO2 with the hopes of testing out Rubi’s cellulose fiber performance in prototype garments. If the testing phase proves successful, they will work on designing and developing an apparel collection from the repurposed carbon. Rubi — which has raised USD 13.5 mn to date from investors including H&M Group and Patagonia Inc. — has already successfully created yarn from repurposed CO2, but has yet to do so at scale, Bloomberg notes. In June, Rubi and Danish fashion brand Ganni unveiled the first batch of their carbon-sourced yarn.

CALENDAR

AUGUST 2023

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

21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA.

21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA.

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

SEPTEMBER 2023

4-6 September (Monday-Wednesday): Sustainable Maritime Industry Conference, Jeddah, Saudi Arabia.

4-6 September (Monday-Wednesday): Africa Climate Summit, Nairobi, Kenya.

5-7 September (Tuesday-Thursday): Global Water, Energy and Climate Change Congress(GWECCC), Manama, Bahrain.

9-10 September (Saturday-Sunday): G20 Heads of State and Government Summit, New Delhi, India.

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.

18-19 September (Monday-Tuesday): The Enterprise Finance Forum, Cairo, Egypt.

19-21 September (Tuesday-Thursday): World Power-to-X Summit, Marrakesh, Morocco.

28 September (Thursday): International Energy Agency Critical Minerals and Clean Energy Summit, Paris, France.

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

Egypt set to launch alliance to shore up climate financing in developing countries

OCTOBER 2023

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

4-5 October (Wednesday-Thursday): Future Sustainability Forum, Dubai, UAE.

8-10 October (Sunday-Tuesday): Saudi Green Building Forum, Riyadh, Saudi Arabia.

8-12 October (Sunday-Thursday): MENA Climate Week, Riyadh, Saudi Arabia.

9-15 October (Monday-Sunday): World Bank/IMF 2023 Annual Meetings, Marrakech, Morocco.

10-12 October (Tuesday-Thursday): Autonomous E-Mobility Forum, Doha, Qatar.

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

18-20 October (Wednesday-Friday): Morocco and Belgium business meeting on green hydrogen, Tangiers, Morocco.

17-18 October (Tuesday- Wednesday): Critical Minerals Africa Summit, Cape Town, South Africa.

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 Congress, Bali, Indonesia.

NOVEMBER 2023

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

9-15 November (Thursday-Wednesday): Intra-African Trade Fair 2023, Cairo, Egypt.

15-17 November (Wednesday-Friday): WETEX and Dubai Solar Show, Dubai, UAE.

16-17 November (Thursday-Friday): World Green Economy Summit (WGES), Dubai, UAE.

15-18 November (Wednesday-Saturday): DEWA’s First MENA Solar Conference, Dubai, UAE.

20-24 November (Monday-Friday) International Civil Aviation Organisation’s Aviation and Alternative Fuels conference, Dubai, UAE.

27-30 November (Monday-Thursday) Abu Dhabi Finance Week (ADFW), Abu Dhabi, UAE.

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

DECEMBER 2023

12-14 December (Tuesday-Thursday): Green Hydrogen Summit Oman, Oman Convention and Exhibition Center, Muscat, Oman.

18-20 December (Monday-Wednesday): Saudi Arabia Smart Grid Conference, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.

FEBRUARY 2024

26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Dubai, UAE.

APRIL 2024

16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi, UAE.

23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Dubai, UAE.

EVENTS WITH NO SET DATE

2023

Mid-2023: Oman set to sign contracts for green hydrogen projects.

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.

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.

2025

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

UAE to have over 1k EV charging stations installed.

2026

UITP Global Public Transport Summit, Dubai, UAE.

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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Masdar eyes a 2 GW renewables expansion into Malaysia

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TODAY: Masdar eyes a 2 GW renewables expansion into Malaysia

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Masdar eyes a 2 GW renewables expansion into Malaysia

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Hyundai and KSA’s Ceer sign agreement on supply of EV parts

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Maersk is reportedly preparing an offer for a 50% stake in Egypt’s Zafarana wind farm

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Karm Architecture Lab’s Principal Architect Farah Faheem talks sustainable architecture in MENA

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A major EU shipping lane is at risk as Rhine River levels dip dangerously + Spain’s Capital Energy is selling of its USD 1 bn renewables portfolio + UK greenlights more oil and gas projects

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Egypt-bound Netherlands car carrier ship is still billowing smoke

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American retail giant Walmart wants to repurpose its CO2 emissions to produce yarn

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