{"id":75598,"date":"2023-01-17T02:00:05","date_gmt":"2023-01-17T02:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=75598"},"modified":"2025-12-15T08:23:39","modified_gmt":"2025-12-15T08:23:39","slug":"uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/","title":{"rendered":"UAE, US earmark USD 20 bn for US-based renewables projects by 2035"},"content":{"rendered":"<section id=\"75600\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75600\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/today-south-korea-will-get-usd-30-bn-worth-of-investments-from-uae-new-details-on-uae-us-pace-agreements-and-funding\/\">\r\n                            TODAY: South Korea will get USD 30 bn worth of investments from UAE + New details on UAE, US PACE agreements and funding                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/today-south-korea-will-get-usd-30-bn-worth-of-investments-from-uae-new-details-on-uae-us-pace-agreements-and-funding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Let\u2019s dive in.<\/p>\n<p><strong>THE BIG CLIMATE STORIES- <\/strong>More big ticket details have emerged from South Korea\u2019s blockbuster inaugural state visit. The UAE will direct USD 30 bn towards renewables projects and other sectors in Korea and we have more information about those 13 MoUs that were signed earlier this week. In other UAE news, we know more about what to expect from the UAE and US\u2019 PACE agreement that was inked last November and how the funding mechanism will work. Over in Egypt, Elsewedy Electric subsidiary Elsewedy Electric for Transmission and Distribution has agreed to build a 300 MW solar power station for Saudi Arabia.<\/p>\n<p><strong>^^ We have chapter and verse on these stories and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The World Economic Forum (<\/strong><strong><a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/\">WEF<\/a><\/strong><strong>)<\/strong><strong> kicks off in earnest today, <\/strong>bringing attendees together in person for the first time since 2019 and running until Friday. Keep an eye out for several climate-relevant discussions today, including <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/philanthropy-a-catalyst-for-protecting-our-planet\">Philanthropy: A Catalyst for Protecting Our Planet<\/a>, which looks at how public and private sector players can bridge the USD 100 tn climate finance gap; <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/the-12-billion-decarbonization-market\">Decarbonization: An Insurmountable Challenge?<\/a>; and <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/infrastructure-for-a-clean-energy-economy\">Infrastructure for a Clean Energy Economy<\/a>. Tomorrow, sessions to look out for include <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/leading-the-charge-through-earths-new-normal\">Leading the Charge through Earth's New Normal<\/a>; <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/building-momentum-towards-cop28\">Building Momentum towards COP28<\/a>; <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/ai-for-climate-adaptation\">AI for Climate Adaptation<\/a>; and <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/sessions\/open-forum-energy-transition-rush\">Open Forum: Energy Transition Rush<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE- Are debt-for-nature swaps the answer? <\/strong>Some USD 2 tn of developing country debt could be eligible for restructuring under debt-for-nature swaps \u2014 where developing nations see a portion of their foreign debt forgiven under a restructured agreement, on the condition that they invest some of the savings in local conservation measures \u2014 <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-12\/bankers-bet-millions-on-sovereign-debt-deals-tied-to-green-goals?srnd=premium-middle-east&leadSource=uverify%20wall\">Bloomberg<\/a> notes, citing data from US nonprofit the Nature Conservancy (TNC). \u201cSerial debt defaulter\u201d Belize inked a debt-for-nature swap worth USD 364 mn in 2021, and Gabon, Ecuador, and Sri Lanka are reportedly considering agreements worth between USD 700 mn and USD 1 bn, the outlet adds. Proponents of the mechanism laud its scalability, saying it effectively uses public funds to de-risk private investment and could plug the multi-USD tn financing gap for nature protection, adaptation, and decarbonization, Bloomberg notes.<\/p>\n<p><strong>But enthusiasm for these swaps among investment banks, institutional investors, and <\/strong><strong>debt-distressed countries may conceal problems<\/strong>, the business information service says. Critics say the loan terms can be unclear and transaction costs are high. Belize\u2019s debt service costs under the restructured agreement add up to an estimated USD 84-86 mn more than what\u2019s being returned to the investors that financed the new debt, Bloomberg cites experts from the United Nations Conference on Trade and Development and TNC saying. These extra costs include ins. premiums for companies involved in the agreement, loan interest, and an array of other financing costs. And at the recent COP15 biodiversity conference in Montreal, dozens of not-for-profits are said to have called for an end to debt-for-nature swaps, Bloomberg notes.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Bahrain will host the <\/strong><strong><a href=\"https:\/\/europetro.com\/esfmena\">Energy & Sustainability Forum<\/a><\/strong> from next Sunday, 22 January to Tuesday, 24 January in Manama. The forum will host panel discussions on how to decarbonize the downstream industry and how to pave the way for regional net zero objectives.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75602\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75603\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75603\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-is-directing-usd-30-bn-worth-of-investments-towards-south-korea\/\">\r\n                            UAE is directing USD 30 bn worth of investments towards South Korea                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-is-directing-usd-30-bn-worth-of-investments-towards-south-korea\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The investment \u2014 which UAE President Mohammed bin Zayed Al Nahyan announced following a meeting with Yoon \u2014 will be led by Abu Dhabi\u2019s Mubadala and other sovereign wealth funds, the newswire reported, citing a statement from South Korea\u2019s Finance Ministry. No information has been given yet about the investment timeframe.<\/p>\n<p><strong>And we know more about those 13 signed MoUs: <\/strong>The 13 agreements signed <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e4029ae-a517-4bea-a5a2-7afdd1a6a5eb\">on Sunday<\/a> include one on cooperation in water resources between the UAE\u2019s Energy and Infrastructure Ministry and South Korea\u2019s Environment Ministry, according to <a href=\"https:\/\/wam.ae\/en\/details\/1395303118956\">a Wam statement<\/a>. An MoU covering hydrogen use in cities and its production, transmission, and storage was signed between the UAE\u2019s Energy Ministry and South Korea\u2019s Land, Infrastructure and Transport Ministry \u2014 though we don\u2019t know whether the two countries intend to produce green, blue, or gray hydrogen. Another MoU directed towards setting up joint strategic working groups for a Carbon Neutrality Acceleration Program was \u201cexchanged\u201d by Emirates Nuclear Energy Corporation, Korea Electric Power Corporation, and Korea Hydro and Nuclear Power, the Wam statement noted. Other agreements also spanned smart farming and carbon capture, utilization, and storage, we noted yesterday.<\/p>\n<p><strong>One of these agreements involves creating a carbon credit market in Asia: <\/strong>South Korean telecoms group SK Group has signed a partnership agreement with Mubadala to set up a voluntary carbon market in Asia, it announced yesterday, according to daily newspaper the <a href=\"https:\/\/m.koreaherald.com\/amp\/view.php?ud=20230116000574\">Korea Herald<\/a>. The two entities now aim to form a working group to build the partnership, officials from SK are reported to have said.<\/p>\n<p><strong>Among the key issues to be ironed out?<\/strong> The usual sticking points like how carbon offset projects can be certified, building market transparency, and engaging more public and private sector participants.<\/p>\n<p><strong>Voluntary carbon markets are currently seeing a surge in popularity in MENA<\/strong>, with Egypt\u2019s EGX <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b3599423-c563-41aa-945b-10de45f07194\">set to launch<\/a> Africa\u2019s first voluntary carbon market in mid-2023 and the UAE\u2019s ADGM said to be working on a framework for the first-ever regulated voluntary carbon market. A new carbon market company set up by Saudi Arabia\u2019s sovereign wealth fund auctioned 1.4 mn tons of carbon credits at Davos in the Desert <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3bb1924-9dc1-4866-b00f-d3f50b07744c\">in October<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/south-korea\/\">South Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75605\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75605\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/\">\r\n                            UAE, US earmark USD 20 bn for US-based renewables projects by 2035                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE, US earmark USD 20 bn for US-based renewables projects by 2035&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/&title=UAE, US earmark USD 20 bn for US-based renewables projects by 2035\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%2C+US+earmark+USD+20+bn+for+US-based+renewables+projects+by+2035+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F17%2Fuae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/7044.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75606\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/7044-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/7044.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"7044.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/7044.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/7044.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75605\" class=\"content-area-description single-story post-75605 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-enterpriseclimate tag-renewables tag-uae tag-usa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>We have details on upcoming UAE, US PACE investments:<\/strong> The UAE and US are allocating USD 20 bn to fund 15 GW of new clean energy projects in the US before 2035, according to <a href=\"https:\/\/wam.ae\/en\/details\/1395303118980\">a Wam statement<\/a>. This will be the first wave of investments to take place under the USD 100 bn partnership to accelerate transition to clean energy (PACE) agreement <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/11\/01\/statement-by-white-house-press-secretary-karine-jean-pierre-on-the-u-s-uae-partnership-to-accelerate-transition-to-clean-energy-pace\/\">announced by<\/a> the two countries <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/745b1f96-7d6a-4e59-85ba-935e7e6affa8\">in November<\/a>, the statement adds.<\/p>\n<p><strong>How the funding will work:<\/strong> The investments will be led by Emirati clean energy firm Masdar and a consortium of US private sector investors, the statement notes. The aim is for USD 7 bn in cash equity from the private sector to unlock a further USD 13 bn through a variety of instruments, including US debt financing, it adds. This follows reports we picked up <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b8badaa8-a89e-487d-8b0f-73039cc87181\">in mid-December<\/a> that Masdar \u2014 <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8052ae3c-a183-40d2-b3cf-27adc011db77\">already on<\/a> an ambitious expansion drive \u2014 was eyeing participation in PACE.<\/p>\n<p><strong>REFRESHER-<\/strong> The overall goal of PACE is to spur USD 100 bn in green financing in the US and UAE, and channel investment to emerging economies, we noted in November. It\u2019s targeting a scaled-up rollout of low-carbon energy \u2014 specifically, building an additional 100 GW of clean energy generation capacity globally by 2035 and building up supply chains. It\u2019s also targeting particular investment in emissions management (specifically carbon and methane emissions), nuclear technology development, and decarbonizing industry and transport. These four areas are being termed PACE\u2019s strategic pillars.<\/p>\n<p><strong>Who is heading up strategy? <\/strong>PACE will be directed by a newly-formed committee of public and private sector reps from the US and UAE, who will lead activities including progress tracking, proposing new projects, developing new financial models, and identifying potential partner institutions, Wam noted. Members will meet on a monthly basis to oversee the work taking place under the four strategic pillars, and the group\u2019s co-chairs \u2014 newly-appointed COP28 President Sultan Al Jaber and US Special Presidential Coordinator Amos Hochstein \u2014 will meet with the group on a quarterly basis to assess impact, launch new projects, and expand support for the program.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75607\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75607\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/\">\r\n                            Egypt\u2019s Elsewedy Electric to build 300 MW solar station in Saudi Arabia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s Elsewedy Electric to build 300 MW solar station in Saudi Arabia&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/&title=Egypt\u2019s Elsewedy Electric to build 300 MW solar station in Saudi Arabia\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Elsewedy+Electric+to+build+300+MW+solar+station+in+Saudi+Arabia+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F17%2Fegypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/514.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75608\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/egypts-elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia\/514-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/514.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"514.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/514.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/514.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75607\" class=\"content-area-description single-story post-75607 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-al-ghazala-energy tag-elsewedy-electric tag-enterpriseclimate tag-renewables tag-solar wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt\u2019s<\/strong> <strong>Elsewedy Electric is upping its solar energy game:<\/strong> Elsewedy Electric for Transmission and Distribution \u2014 a subsidiary of Elsewedy Electric \u2014 signed a USD 176.1 mn turnkey contract to build a 300 MW solar power station for Saudi Arabia\u2019s Al Ghazala Energy company, according to <a href=\"https:\/\/ent.news\/2023\/1\/ElSewedyElectric-Saudi-EN.pdf\">a company statement (pdf)<\/a>. Elsewedy will design, supply, and install the entire project within 16.5 months, the statement said. Elsewedy will operate and maintain the facility for 29 months after its completion.<\/p>\n<p><strong>Elsewedy has been stepping up its involvement in Saudi lately:<\/strong> Yesterday\u2019s announcement comes a few months after the company approved in November setting up one or more new companies in Saudi Arabia, according to a company <a href=\"https:\/\/ent.news\/2023\/1\/928.pdf\">disclosure to the Egyptian bourse (pdf)<\/a>. The companies\u2019 potential activities include the management of holding companies\u2019 subsidiaries, investments, real estate ownership, lending, and leasing.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/al-ghazala-energy\/\">Al Ghazala Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75609\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75609\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/\">\r\n                            Saudi cabinet approves long-awaited clean energy partnership with US                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi cabinet approves long-awaited clean energy partnership with US&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/&title=Saudi cabinet approves long-awaited clean energy partnership with US\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+cabinet+approves+long-awaited+clean+energy+partnership+with+US+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F17%2Fsaudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/199.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75610\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/saudi-cabinet-approves-long-awaited-clean-energy-partnership-with-us\/199-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/199.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"199.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/199.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/199.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75609\" class=\"content-area-description single-story post-75609 post type-post status-publish format-standard has-post-thumbnail hentry category-policy tag-climate-policy tag-energy tag-enterpriseclimate tag-nuclear-energy tag-saudi-arabia tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Saudi greenlights KSA-US energy partnership: <\/strong>The Saudi Arabian cabinet has approved the long-awaited \u201cPartnership Framework for Clean Energy Development\u201d between the United States and KSA, the <a href=\"https:\/\/saudigazette.com.sa\/article\/628889\">Saudi Gazette<\/a> reports. The agreement is based on a 2017 <a href=\"https:\/\/www.energy.gov\/sites\/default\/files\/pi_iec\/098b7ef98011cde5.pdf\">MoU (pdf)<\/a> between the Kingdom\u2019s Energy Ministry and the US Department of Energy agreeing to collaborate in renewable energy projects including carbon capture utilization and storage with <a href=\"https:\/\/www.reuters.com\/business\/us-saudi-arabia-sign-18-agreements-energy-investment-state-tv-2022-07-15\/\">follow-up agreements<\/a> signed in July of last year.<\/p>\n<p><strong>The details:<\/strong> The extensive new <a href=\"https:\/\/uqn.gov.sa\/?p=21419\">agreement (pdf)<\/a> is made up of six sections including the implementation of a circular carbon economy to support the Paris Agreement goals, increasing the efficiency of electric power systems, streamlining energy storage systems, fuel life cycles to reduce emissions, and supporting the uptake of clean hydrogen.<\/p>\n<p><strong>Nuclear is on the menu:<\/strong> The agreement stipulates the two countries can share knowledge on reactor technologies, uranium exploration (mining and processing), and the safe disposal of nuclear waste. Saudi Arabia has been making the case for setting up <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">a nuclear power industry<\/a> for domestic use and export, and showcased the country\u2019s diverse and abundant supplies of uranium during the Future Minerals Forum last week.<\/p>\n<p><strong>This partnership has been a long time coming:<\/strong> US-Saudi talks over nuclear cooperation began as early as 2008 but were delayed because of <a href=\"https:\/\/www.gao.gov\/products\/gao-20-343\">disagreements over nonproliferation requirements<\/a>, the US Government Accountability Office reported in 2020. In 2009, <a href=\"https:\/\/world-nuclear.org\/information-library\/country-profiles\/countries-o-s\/saudi-arabia.aspx\">the Saudi government stated that \u201catomic energy is essential<\/a>\u201d to enable the Kingdom to fulfill its electricity and desalination needs as well as diversifying its economy away from hydrocarbons, the World Nuclear Association reported last April.<\/p>\n<p><strong>What\u2019s next?<\/strong> The country is targeting <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">17 GW of nuclear capacity by 2040<\/a> and bringing online two reactors with a combined capacity of 3.2 GW within the coming decade while adhering to international standards of transparency, Saudi Energy Minister Prince Abdulaziz bin Salman said last week, adding that contracts for building reactors will be awarded \u201cvery soon.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-policy\/\">CLIMATE POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75611\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75611\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">DECARBONIZATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/\">\r\n                            UAE\u2019s EWEC sells 9 mn clean energy certificates at auction                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s EWEC sells 9 mn clean energy certificates at auction&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/&title=UAE\u2019s EWEC sells 9 mn clean energy certificates at auction\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+EWEC+sells+9+mn+clean+energy+certificates+at+auction+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F17%2Fuaes-ewec-sells-9-mn-clean-energy-certificates-at-auction%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/256.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75612\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/uaes-ewec-sells-9-mn-clean-energy-certificates-at-auction\/256-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/256.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"256.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/256.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/256.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75611\" class=\"content-area-description single-story post-75611 post type-post status-publish format-standard has-post-thumbnail hentry category-decarbonization tag-decarbonization tag-enterpriseclimate tag-ewec wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>EWEC clean energy certificates auction sold big: <\/strong>State-owned <a href=\"https:\/\/www.ewec.ae\/en\">Emirates Water<\/a><a href=\"https:\/\/www.ewec.ae\/en\">and<\/a><a href=\"https:\/\/www.ewec.ae\/en\">Electricity Company<\/a>\u2019s auction for <a href=\"https:\/\/www.ewec.ae\/en\/CleanEnergyCertificates\">clean energy certificates<\/a> last month closed with over 9 mn units sold, according to a <a href=\"https:\/\/www.linkedin.com\/posts\/ewecae_cleanenergy-decarbonisation-netzero-activity-7020652554304765952-uAFv?utm_source=share&utm_medium=member_desktop\">statement<\/a>. The company \u2014 the exclusive vendor of nuclear and solar-produced electricity in the UAE \u2014 is selling digital certificates to certify the source of renewable energy usage and allow companies to back up ESG goals. The <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52d7d80d-2f55-4f68-b98a-891bce9b5324\">auction<\/a> was the company\u2019s most successful to date, six months after the company\u2019s fourth auction was <a href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/ewec-conduct-fourth-clean-energy-certificates-auction\">held in June 2022<\/a>.<\/p>\n<p><strong>SOUND SMART-<\/strong> Renewable energy certificates (RECs) are a MWh by MWh way of proving that you own or created renewable energy. A REC is issued when one MWh is delivered to the electricity grid from a renewable energy source, the US Environmental Protection Agency <a href=\"https:\/\/www.epa.gov\/green-power-markets\/renewable-energy-certificates-recs\">(EPA) notes<\/a>. RECs contain important data about the source of the renewable energy \u2014 including the kind of energy produced and its level of emissions \u2014 which play a crucial role in the tracking, accounting, and identifiable ownership tied to renewable electricity generation and use, the EPA tells us. <a href=\"https:\/\/www.investopedia.com\/terms\/r\/rec.asp#:~:text=Renewable%20Energy%20Certificates%20(RECs)%20are,market%20as%20an%20energy%20commodity.\">Investopedia<\/a> has more.<\/p>\n<p><strong>EWEC has fulfilled big CEC purchases outside of auction:<\/strong> Emirati aluminum conglomerate <a href=\"https:\/\/www.ega.ae\/en\">Emirates Global Aluminium<\/a> (EGA) purchased clean energy certificates<a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4db7e93c-797f-4f8a-8e5d-d0b00ea2726a\">for 1.1 mn MWh of electricity<\/a> from EWEC to support its production of solar aluminum last November. These certificates will certify EGA\u2019s production of around 80k tons of its solar-powered aluminum CelestiAL.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ewec\/\">Ewec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75613\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75614\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75614\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/masdar-azerbaijan-ink-renewables-agreement-for-wind-and-solar-power-hydrogen-projects\/\">\r\n                            Masdar, Azerbaijan ink renewables agreement for wind and solar power + hydrogen projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/masdar-azerbaijan-ink-renewables-agreement-for-wind-and-solar-power-hydrogen-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The projects will include the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, solar photovoltaic energy projects with a capacity of 1 GW, and 1 GW of onshore wind energy. No financial details or a prospective timeline on the projects has been disclosed.<\/p>\n<p><strong>Masdar already has a foot in the door in Azerbaijan:<\/strong> The renewables company signed an implementation agreement for a <a href=\"https:\/\/area.gov.az\/en\/page\/layiheler\/cari-layiheler\/230-mvt-gunes-elektrik-stansiyasi\">230 MW solar plant<\/a> in 2020, which broke ground in March 2022. The plant will generate 500 mn kWh of renewable energy annually and cost an estimated USD 200 mn funded by foreign investments.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>The Egyptian Natural Gas Holding Company (EGAS) inked an MoU with Italian multinational energy company Eni to reduce emissions by identifying opportunities to reduce gas flaring and methane emissions in the Egyptian oil and gas sector and exploring the feasibility of carbon capture, utilization and storage projects. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid036zUp2m3Lgbji3mkBwN9eHosRaN4E4VgYCQR68pNuRTnvmd3k2mPWtyLtHFAwNFmHl\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/azerbaijan\/\">Azerbaijan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75616\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/17\/75616\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75616\" class=\"content-area-description single-story post-75616 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>JANUARY 2023<\/strong><\/p>\n<p>14-21 January (Saturday-Saturday): <a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi Sustainability Week<\/a>, Abu Dhabi, UAE.<\/p>\n<p>16-18 January (Monday-Wednesday): <a href=\"https:\/\/www.neventum.com\/tradeshows\/ecowaste\">EcoWASTE<\/a>, Abu Dhabi National Exhibition Center, UAE.<\/p>\n<p>16-18 January (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/\">World Future Energy Summit<\/a>, Abu Dhabi National Exhibition Center (ADNEC), UAE.<\/p>\n<p>22-24 January (Sunday-Tuesday): <a href=\"https:\/\/europetro.com\/esfmena\">Energy & Sustainability Forum<\/a>, Manama, Bahrain.<\/p>\n<p>January 2023: Bid submission deadline for green hydrogen projects to <a href=\"https:\/\/hydrom.om\/tender.html\">Hydrogen Oman (Hydrom)<\/a>.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>6-8 February (Monday-Wednesday): <a href=\"https:\/\/www.simec-expo.com\/\">Saudi International Marine Exhibition and Conference<\/a>, Hilton Riyadh, Saudi Arabia.<\/p>\n<p>4-9 February (Saturday- Wednesday)<a href=\"https:\/\/iaee2023.saudi-aee.sa\/\">International Association for Energy Economics\u2019 International Conference<\/a>, King Abdullah Petroleum Studies and Research Center, Riyadh, Saudi Arabia.<\/p>\n<p>13-15 February (Monday-Wednesday): <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwi57sHU9IL8AhXT4VEKHZgYCTAYABAAGgJ3cw&sig=AOD64_3DcfDWXN3u_BifQPcUCEg-jnP1xA&q&adurl&ved=2ahUKEwin87nU9IL8AhWlxYUKHaADC0cQ0Qx6BAgJEAE\">The Egypt Petroleum Show<\/a>, Cairo, Egypt.<\/p>\n<p>21-22 February (Tuesday-Wednesday): <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>21-23 February (Tuesday-Thursday): <a href=\"https:\/\/worldesgsummit.com\/\">World Environment, Social and Governance (ESG) Summit<\/a>, Dubai, UAE.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>15-19 March (Wednesday-Sunday): <a href=\"https:\/\/agriteq.com\/en\/the-conference\/\">Qatar International Agricultural and Environmental Exhibition<\/a>, Doha, Qatar.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1-4 May (Monday-Thursday): Arabian Travel Market, Dubai World Trade Centre, Dubai, UAE. Register <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">here<\/a>.<\/p>\n<p>2-7 May (Tuesday-Sunday): <a href=\"https:\/\/www.agriculture.gov.ma\/ar\/actualites\/tnzym-almltqy-aldwly-llflaht-balmghrb-mn-02-aly-07-may-2023-bmknas\">Salon International de l\u2019Agriculture au Maroc (SIAM)<\/a>, Meknes, Morocco.<\/p>\n<p>16-18 May (Tuesday-Thursday): <a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\">Seatrade Maritime Logistics Middle East<\/a>, Dubai World Trade Center, Dubai, UAE.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, Abu Dhabi National Exhibition Centre, Abu Dhabi, UAE.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p><a href=\"https:\/\/www.bloombergneweconomy.com\/news\/bloomberg-announces-inaugural-new-economy-gateway-africa-in-morocco\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/p>\n<p>1-3 June (Thursday-Saturday): <a href=\"http:\/\/www.envirotecener-expo.com\/\">Envirotec and Energie Expo<\/a>, UTICA, Tunis, Tunisia.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p><a href=\"https:\/\/www.chariotenergygroup.com\/\">Chariot Limited<\/a> and <a href=\"https:\/\/www.total-eren.com\/\">Total Eren<\/a>\u2019s feasibility study on a 10 GW green hydrogen plant in Mauritania to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1323428-033c-4ff9-a0b6-716f87613360\">be completed<\/a>.<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>2-4 October (Monday-Wednesday): <a href=\"https:\/\/www.showsbee.com\/fairs\/84868-WETEX-2023.html\">WETEX and Dubai Solar Show<\/a>, Dubai World Trade Centre, Dubai, United Arab Emirates.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>6-17 November (Monday-Friday): The UAE will host <a href=\"https:\/\/sdg.iisd.org\/events\/2022-un-climate-change-conference-unfccc-cop-28\/#:~:text=The%2028th%20session%20of%20the,in%20the%20United%20Arab%20Emirates.\">COP28<\/a>.<\/p>\n<p><strong>EVENTS WITH NO SET DATE<\/strong><\/p>\n<p><strong>End-2022 <\/strong><\/p>\n<p>KSA\u2019s Neom wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41c4acda-ffa5-4e25-ae17-48b53fc7df69\">tender three concrete water reservoir<\/a> projects to up its water storage capacity by 6 mn liters.<\/p>\n<p><strong>2023 <\/strong><\/p>\n<p>Early 2023: Egypt\u2019s <a href=\"https:\/\/www.karmsolar.com\/\">KarmSolar<\/a> to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">launch KarmCharge<\/a>, the company\u2019s EV charging venture.<\/p>\n<p>1Q2023: Oman will award two blocks of land for green hydrogen projects in Duqm, Oman.<\/p>\n<p>Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dbe558b6-6166-404f-8aa3-2bd7b56647dd\">to close<\/a>.<\/p>\n<p>Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2f525f9-dc10-477e-a2d5-67e7d6d790c2\">be completed<\/a>.<\/p>\n<p>Saudi Basic Industries Corporation (<a href=\"https:\/\/www.sabic.com\/en\">Sabic<\/a>) steam cracker furnace powered by renewable energy to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6bbb030-2107-4aec-bc3c-9dfbe4d55975\">come online<\/a>.<\/p>\n<p>4Q2023: Oman to award four blocks of land for green hydrogen projects in Thumrait, Oman.<\/p>\n<p><strong>2024 <\/strong><\/p>\n<p>End-2024: Emirati <a href=\"http:\/\/ar.ae\">Masdar<\/a>\u2019s 500 MW wind farm in Uzbekistan to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">begin commercial operations<\/a>.<\/p>\n<p><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s industrial cities solar power project <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">will start electricity<\/a> production.<\/p>\n<p>First 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p><strong>2025 <\/strong><\/p>\n<p>Second 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p>UAE to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\">have over 1k<\/a> EV charging stations installed.<\/p>\n<p><strong>2026 <\/strong><\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p>Iraq\u2019s <a href=\"http:\/\/www.massgroupholding.com\/English\/default.aspx\">Mass Group Holding<\/a> wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0239be52-0fa8-43fd-8db9-68f967fb1529\">invest EUR 1 bn<\/a> on its thermal plant Mintia in Romania to have 62% of run on renewable energy, while expanding its energy capacity to at least 1.29k MWh.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":75599,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-75598","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"bf1ff5b8-b2a3-4d8d-9f10-3eed67279a82","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/2330.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE, US earmark USD 20 bn for US-based renewables projects by 2035 - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/uae-us-earmark-usd-20-bn-for-us-based-renewables-projects-by-2035\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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