{"id":76495,"date":"2023-03-15T02:00:34","date_gmt":"2023-03-15T02:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=76495"},"modified":"2025-12-15T08:39:47","modified_gmt":"2025-12-15T08:39:47","slug":"flat6labs-launches-usd-95-mn-fund-to-invest-in-climate-action-startups","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/flat6labs-launches-usd-95-mn-fund-to-invest-in-climate-action-startups\/","title":{"rendered":"Flat6labs launches USD 95 mn fund to invest in climate action startups"},"content":{"rendered":"<section id=\"76497\" 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=\"76497\">\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\/03\/15\/today-flat6labs-launches-usd-95-mn-fund-for-climate-focused-startups\/\">\r\n                            TODAY: Flat6labs launches USD 95 mn fund for climate-focused startups                        <\/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\/03\/15\/today-flat6labs-launches-usd-95-mn-fund-for-climate-focused-startups\/\" 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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We have some key updates from the sultanate today as it heats up its renewables push.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>Egypt-based seed and early stage venture capital firm Flat6Labs will launch a USD 95 mn fund targeting greentech, agritech, and climate tech startups based in Africa. <strong>We have all the details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- No single story is dominating the<\/strong><strong> climate headlines this morning<\/strong>, but one big story is the European Parliament giving its <a href=\"https:\/\/www.reuters.com\/business\/environment\/eu-lawmakers-approve-co2-cutting-targets-expanding-forest-carbon-sinks-2023-03-14\/#:~:text=BRUSSELS%2C%20March%2014%20(Reuters),absorbing%20natural%20ecosystems%20like%20forests\">final approval<\/a> of two laws that will see the bloc increase capacity of natural <a href=\"https:\/\/www.europarl.europa.eu\/news\/pt\/press-room\/20230310IPR77223\/parliament-adopts-new-carbon-sinks-goal-that-increases-eu-2030-climate-ambition\">carbon sinks<\/a> like forests and push down emissions of sectors not covered in the EU\u2019s carbon market, including the road transport, heating and cooling, and waste management industries. These unregulated sectors generate nearly 60% of the EU\u2019s total carbon footprint and new regulations aim to slash their emissions by 40% compared to 2005 levels by the end of the decade.<\/p>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING TODAY- Saudi Arabia is hosting the <\/strong><strong><a href=\"https:\/\/fsc.sa\/en\/\">Financial Services Conference<\/a><\/strong> <strong>today and tomorrow in Riyadh.<\/strong> The event is co-organized by the Finance Ministry, the Saudi Central Bank, and Capital Market Authority to shed light on a number of topics including financing the green transition and environmental, social, and governance (ESG) investments.<\/p>\n<p><strong>The COP28 Presidency is hosting its first <\/strong><strong><a href=\"https:\/\/www.expocitydubai.com\/en\/expo-city-dubai-cop28\">Road to COP28<\/a><\/strong><strong> event at Expo City Dubai <\/strong><strong>today<\/strong>, which will debut important initiatives offered by young people to support COP28\u2019s goals. Through interactive workshops and debates, youth will engage with senior government officials and UAE diplomats to advance global climate goals.<\/p>\n<hr class=\"grey-line\">\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>***<br \/>\n <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.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class='web-image' ><a href='https:\/\/exportsfdi.enterprise.press\/registration.html'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/708.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>We are delighted to share with you that the Enterprise Exports & FDI Forum<\/strong> will be taking place on <strong>15 May<\/strong> at <strong>the Four Seasons Hotel at Nile Plaza in Cairo.<\/strong><\/p>\n<p><strong>DO YOU WANT TO ATTEND?<\/strong> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">click here<\/a> to request a spot at this exclusive event.<\/p>\n<p><strong>What\u2019s the Enterprise Exports & FDI Forum?<\/strong> It is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders. The Enterprise Exports & FDI Forum will discuss the critical topics of exports and foreign direct investment (FDI) in Egypt.<\/p>\n<p>We will be taking an in-depth look into some of the most vital industry topics, including:<\/p>\n<ul>\n<li>How to effectively break into new export markets<\/li>\n<li>How to leverage domestic trends in order to create export opportunities<\/li>\n<li>What foreign investors are looking for<\/li>\n<li>What the government's role should be<\/li>\n<\/ul>\n<p><strong>Why now? <\/strong>Exports and foreign direct investment (FDI) have never been more important to Egypt\u2019s economy \u2014 or businesses \u2014 than in the wake of the float of the EGP. We think we have a once-in-a-lifetime chance to build an export-led economy that makes Egypt a magnet for FDI, and all the benefits that will come with it.<\/p>\n<p>Think of the Enterprise Exports & FDI Forum as a hands-on lab for how to turn <strong>the devaluation of the EGP into something that will turbocharge your company and our economy.<\/strong><\/p>\n<p><strong>WANT TO SHARE YOUR STORY ON STAGE?<\/strong> Drop a note to <a href=\"mailto:patrick@enterprisemea.com\">Patrick here and let\u2019s talk<\/a>.<\/p>\n<p><strong>WANT TO BECOME A COMMERCIAL PARTNER?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\">Moustafa, our head of commercial, here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Denmark will host the <\/strong><strong><a href=\"https:\/\/stateofgreen.com\/en\/news\/climate-ministers-meet-in-copenhagen-to-set-the-course-towards-cop28\/\">Copenhagen Climate Ministerial<\/a><\/strong><strong> from Monday, 20 March to <\/strong><strong>Tuesday, 21 March <\/strong>in Copenhagen. The event is the first political high-level gathering to follow-up on the COP27 summit\u2019s conclusions and agreements. Denmark and co-hosts Egypt and the UAE will address the need to establish continuity between the last climate summit and next November\u2019s COP28, and progress on how targets align with the Paris agreement.<\/p>\n<p><strong>Germany will host<\/strong> <strong><a href=\"https:\/\/giia.net\/events\/infrastructure-investor-global-summit-berlin-2023\">The Infrastructure Investor Global Summit<\/a><\/strong><strong> from 20-24 March<\/strong> in Berlin. The four-day event will gather industry leaders from the global infrastructure sector to map out a course for the industry to upscale its ESG-focused operations and investments. You can register for the event <a href=\"https:\/\/www.peievents.com\/en\/event\/infrastructure-investor-global-summit\/\">here<\/a>.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/csrawards.co.uk\/?_vsrefdom=p.18862.c.63552&gclid=Cj0KCQiA_bieBhDSARIsADU4zLfzUfPsWrHsDesF4xVT_pp7zGcttJCxvTWsHCsCCIcA3l0joghXxKQaAr1aEALw_wcB\">Arabia CSR Awards<\/a><\/strong> <strong>is accepting applications until Friday, 30 June.<\/strong> The awardwinners will be announced during a ceremony on Wednesday, 4 October.<\/p>\n<p><strong>The first <\/strong><strong><a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/about-mena-sc\/\">MENA Solar Conference<\/a><\/strong><strong> is accepting applications from published<\/strong><strong> researchers specialized in PV technology until Sunday, 30 April.<\/strong> The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers <a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/paper-submission-1\/\">here<\/a>.<\/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\/cop28\/\">COP28<\/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\/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=\"76499\" 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=\"76500\" 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=\"76500\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/flat6labs-launches-usd-95-mn-fund-to-invest-in-climate-action-startups-in-africa\/\">\r\n                            Flat6labs launches USD 95 mn fund to invest in climate action startups in Africa                        <\/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\/03\/15\/flat6labs-launches-usd-95-mn-fund-to-invest-in-climate-action-startups-in-africa\/\" 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 new Africa Seed Fund (ASF) will invest in over 160 startups across North, West, and East Africa, marking the outfit\u2019s entry into new investment territories including Morocco, Senegal, and Kenya, according to a <a href=\"https:\/\/ent.news\/2023\/3\/789.pdf\">statement (pdf)<\/a>.<\/p>\n<p><strong>The details:<\/strong> ASF will provide ticket sizes ranging between USD 150-500k to each startup, generating some USD 700 mn in revenues by the end of its five-year lifecycle, the statement notes. ASF will also reinvest in follow-on rounds with selected portfolio companies. Flat6 has not set in stone specific chunks of the USD 95 mn financing package for each sector eligible for sponsorship under ASF to allow for flexibility, El Shenoufy notes.<\/p>\n<p><strong>Who is eligible?<\/strong> Startups from pre-seed funding stage to pre-series A companies will be eligible to receive funding from the fund, the statement notes. \u201cAs per our requirements for all our portfolio startups, we want to see a proven minimum value product; we want to back companies with impactful products or solutions in the early stages of commercialization, or ones with a proven market fit,\u201d El Shenoufy tells us.<\/p>\n<p><strong>Flat6Labs anticipates rapid expansion in the climate-action startup sector by 2024: <\/strong>\u201cThe climate-action startup sector remains relatively nascent in the regional market, partly because it\u2019s a very R&D-intensive sector. Historically, VCs firms had been shying away from funding climate-focused companies for lack of visible growth in the sector. We expect to see a humongous expansion in the agritech and climate tech sector in the next 12-24 months on the back of massive [potential] in the market, and government mandates aimed at bolstering agricultural expansion and improving climate management,\u201d El Shenoufy says.<\/p>\n<p><strong>Flat6Labs is not planning on launching new funds for the next 24 months.<\/strong> \u201cASF will be our leading program. We\u2019re very bullish in our support of companies providing climate-driven solutions, especially for agritech and climate tech, because we see the market need for them,\u201d El Shenoufy told us.<\/p>\n<p><strong>Flat6\u2019s portfolio already includes a number of climate-focused and agritech startups<\/strong> including Tunisia\u2019s <a href=\"https:\/\/www.flat6labs.com\/Company\/kumulus\/\">Kumulus<\/a>, <a href=\"https:\/\/www.flat6labs.com\/Company\/moome-2\/\">MooMe<\/a>, and <a href=\"https:\/\/www-flat6labs-com.webpkgcache.com\/doc\/-\/s\/www.flat6labs.com\/Company\/wattnow-2\/\">Wattnow<\/a>, as well as Egypt-based <a href=\"https:\/\/www.agrona.net\/\">Agrona<\/a>, <a href=\"https:\/\/www.flat6labs.com\/Company\/mycelium\/\">Mycelium<\/a>, and <a href=\"https:\/\/www.flat6labs.com\/Company\/zr3i\/\">Zr3i<\/a>, El Shenoufy noted.<\/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\/africa\/\">Africa<\/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\/morocco\/\">Morocco<\/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\/startup-watch\/\">Startup watch<\/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=\"76502\" 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=\"76502\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/\">\r\n                            Oman\u2019s OPWP awards 500 MW solar project to Sembcorp-Jinko JV                        <\/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\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/\" 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\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/')\">\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\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/\">\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=Oman\u2019s OPWP awards 500 MW solar project to Sembcorp-Jinko JV&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/\">\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\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/&title=Oman\u2019s OPWP awards 500 MW solar project to Sembcorp-Jinko JV\">\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=Oman%E2%80%99s+OPWP+awards+500+MW+solar+project+to+Sembcorp-Jinko+JV+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F15%2Fomans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv%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\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/791.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76503\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/791-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/791.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"791.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/791.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/791.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76502\" class=\"content-area-description single-story post-76502 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-china tag-enterpriseclimate tag-oman tag-renewables tag-singapore 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-02\"><\/a> <strong>Oman\u2019s OPWP picks developer for Manah 2 solar plant: <\/strong>A JV made up of Singapore\u2019s <a href=\"https:\/\/www.sembcorp.com\/en\/\">Sembcorp Utilities<\/a> \u2014 a subsidiary of Sembcorp Industries \u2014 and China\u2019s <a href=\"https:\/\/www.jinkopower.com\/en\/introduce\">Jinko Power<\/a> will develop the 500 MW Manah 2 solar plant in Oman under a build-own-operate model, according to a <a href=\"https:\/\/www.sembcorp.com\/en\/media\/media-releases\/energy\/2023\/march\/sembcorp-awarded-first-greenfield-renewables-project-in-the-middle-east\/\">company statement<\/a>. The JV \u2014 which is 80% owned by Sembcorp Utilities \u2014 also signed a 20-year power purchase agreement with Oman\u2019s Power and Water Procurement Company (OPWP).<\/p>\n<p><strong>The details: <\/strong>Construction of the two projects will <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c50a9d0-538e-4660-8285-2a3b26ae7dae\">begin in 3Q 2023<\/a> and commercial operations will be completed by the middle of 2025. The combined cost of the projects will amount to over OMR 300 mn (c. USD 780 mn) and will be the largest in the sultanate.<\/p>\n<p><strong>Where\u2019s the money coming from? <\/strong>This project will be financed through the JV\u2019s funds and external loans, according to the statement, with no impact expected on Sembcorp\u2019s earnings for the financial year ending December 31, 2023.<\/p>\n<p><strong>Oman and Sembcorp aren\u2019t strangers:<\/strong> The project marks Sembcorp\u2019s first foray into MENA\u2019s renewables sector but the company owns 40% of Oman\u2019s Salalah Independent Water and Power Plant, the statement notes.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/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\/singapore\/\">Singapore<\/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=\"76504\" 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=\"76504\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/\">\r\n                            Oman seals six green hydrogen agreements worth USD 20 bn                        <\/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\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/\" 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\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/')\">\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\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/\">\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=Oman seals six green hydrogen agreements worth USD 20 bn&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/\">\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\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/&title=Oman seals six green hydrogen agreements worth USD 20 bn\">\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=Oman+seals+six+green+hydrogen+agreements+worth+USD+20+bn+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F15%2Foman-seals-six-green-hydrogen-agreements-worth-usd-20-bn%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\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/792.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76505\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/oman-seals-six-green-hydrogen-agreements-worth-usd-20-bn\/792-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/792.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"792.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/792.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/792.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76504\" class=\"content-area-description single-story post-76504 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-enterpriseclimate tag-green-hydrogen tag-oman 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>Oman moves forward on green hydrogen plans: <\/strong>Oman\u2019s state-owned green hydrogen company <a href=\"https:\/\/hydrom.om\/index.html\">Hydrom<\/a> \u2014 owned by <a href=\"https:\/\/edoman.om\/\">Energy Development Oman<\/a> \u2014 signed six binding term sheet agreements worth a combined USD 20 bn with several regional and international developers for the production of green hydrogen, <a href=\"https:\/\/omannews.gov.om\/topics\/ar\/7\/show\/415412\">Oman News Agency<\/a> reports. The agreements are with companies from Belgium, the Netherlands, the UK, Japan, Singapore, Germany, India, Kuwait, and the UAE.<\/p>\n<p><strong>A solid step forward: <\/strong>The signing of term sheet agreements cements preliminary agreements signed before regulatory framework is issued by Oman\u2019s Energy and Minerals Ministry, <a href=\"http:\/\/www.tradearabia.com\/news\/OGN_407446.html\">Trade Arabia<\/a> reports. Oman <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/27fb8a86-6d9f-4993-9f3b-140ba8ba7c03\">allocated land<\/a> in January within special economic zones for green hydrogen and green ammonia production. Oman unveiled a strategy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e806e16c-672f-4775-8776-6f597297731a\">last October<\/a> to boost investment in green hydrogen to USD 140 bn by 2050.<\/p>\n<p><strong>The details: <\/strong>The projects will span an estimated area of 1.5k sq km in Al Wusta and Dhofar with agreements covering a period of 47 years \u2014 seven years for the development and construction of projects and 40 years for operation, the news agency reports.<\/p>\n<p><strong>BP was behind two of the investments:<\/strong> BP Alternative Energy Investments signed two agreements to develop green hydrogen facilities, one in Duqm spanning \u200b\u200b320 sq km, and the other in Dhofar on an area of 427 sq km, according to the news agency. Each project will produce 3.3 GW of electricity and generate 150k tons of green hydrogen.<\/p>\n<p><strong>And the four remaining agreements firm up previously announced projects:<\/strong><\/p>\n<ul>\n<li><strong>SalalaH2: <\/strong>The Salalah Green Energy project covers an area of \u200b\u200b419 sq km and will generate volumes similar to the BP agreements, the news agency reports. Saudi\u2019s Acwa Power and US-based Air Products teamed up with Omani OQ <a href=\"https:\/\/www.acwapower.com\/news\/acwa-power-oq-and-air-products-sign-joint-development-agreement-toward-world-scale-green-hydrogen-based-ammonia-production-facility-in-oman\/\">last May<\/a> on a \u201cmulti-bn USD\u201d green hydrogen project in Oman\u2019s Salalah Freezone.<\/li>\n<li><strong><a href=\"https:\/\/geo.om\/index.php\">Green Energy Oman<\/a><\/strong><strong>:<\/strong> The project covers an area of 337 sq km and will generate volumes similar to the BP agreements, the news agency reports. In January, Oman\u2019s OQ <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1a4f9fb9-bffc-4ab7-bf65-bdded865643e\">signed<\/a> an agreement with Oman Shell to jointly produce some 1.8 mn tons of green hydrogen in Oman.<\/li>\n<li><strong>The Hyport Duqm: <\/strong>The project covers an area of 150 \u200b\u200bsq km with a production capacity of 2 GW of electricity used to generate 70k tons of hydrogen annually. The Hyport consortium is a <a href=\"https:\/\/www.deme-group.com\/news\/hyport-coordination-company-signs-second-land-reservation-agreement-green-hydrogen-and-ammonia\">joint venture<\/a> between Belgian DEME and Omani OQ.<\/li>\n<li><strong><a href=\"https:\/\/h2v.eu\/hydrogen-valleys\/green-hydrogen-chemicals-oman\">Green Hydrogen and Chemicals<\/a><\/strong><strong>: <\/strong>The project covers an area of \u200b\u200b80 sq km with a production capacity of 1 GW used to generate 38k tons of hydrogen per year. The project is being developed in partnership with India\u2019s <a href=\"https:\/\/www.acme.in\/\">ACME Cleantech Solutions<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/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=\"76506\" 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=\"76506\">\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\">GREEN STEEL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/\">\r\n                            Project update: Oman\u2019s Jindal Shaheed green steel plant will commence construction this year                        <\/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\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/\" 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\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/')\">\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\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/\">\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=Project update: Oman\u2019s Jindal Shaheed green steel plant will commence construction this year&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/\">\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\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/&title=Project update: Oman\u2019s Jindal Shaheed green steel plant will commence construction this year\">\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=Project+update%3A+Oman%E2%80%99s+Jindal+Shaheed+green+steel+plant+will+commence+construction+this+year+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F15%2Fproject-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year%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\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/2437.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76507\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/project-update-omans-jindal-shaheed-green-steel-plant-will-commence-construction-this-year\/2437-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/2437.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2437.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/2437.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/2437.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76506\" class=\"content-area-description single-story post-76506 post type-post status-publish format-standard has-post-thumbnail hentry category-green-steel tag-enterpriseclimate tag-green-steel tag-oman tag-renewables tag-steel 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>Oman\u2019s Jindal Shadeed Iron and Steel (JSIS) will break ground on its mega green <\/strong><strong>steel complex in the Duqm Special Economic Zone this year<\/strong>, CEO Harssha Shetty tells <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/zero-carbon-target-omans-jindal-shadeed-to-start-full-production-of-green-steel-in-2027-ceo-twpaxpm7\">Zawya<\/a>. The USD 3 bn hydrogen-fueled project will be powered by some 7-9 GW of clean energy and have a yearly production capacity of 5 mn tons of green steel.<\/p>\n<p><strong>The timeline:<\/strong> The first phase of the project will begin production in 2026 and a second phase is slated to become operational in 2027, Zawya notes.<\/p>\n<p><strong>Where are they sourcing the energy from?<\/strong> JSIS is exploring the development of new solar and wind energy farms to produce energy feedstock for hydrogen generation, indicating that there are ongoing \u201cadvanced talks\u201d with renewables developers to source the clean energy needed to power the 2k sq km facility and its electrolyzers, Shetty tells Zawya. Specific company names were not disclosed.<\/p>\n<p><strong>What will the steel be used for? <\/strong>The new facility will be the first of its kind in the GCC to produce auto-grade flat sheets for the automotive, wind turbines, and appliances industries in international markets including Europe and Japan, Shetty says.<\/p>\n<p><strong>The export market is expected to heat up: <\/strong>ESG awareness will drive a double digit growth in demand for the sustainable steel in European markets over the coming decade, Shetty says, and only 30-40% of the green metals produced in the JSIS complex will be earmarked for the Omani and wider GCC market. He expects demand for flat steel in the GCC to grow to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/de020ce5-e050-4e69-abd2-3a40e1df1ad8\">11 mn tons in 2030<\/a>, up from 7.2 mn tons in 2021.<\/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\/green-steel\/\">GREEN STEEL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/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\/steel\/\">steel<\/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=\"76508\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76509\" 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=\"76509\">\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\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/\">\r\n                            Egypt, Denmark extend energy agreement to 2025                        <\/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\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/\" 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\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/')\">\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\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/\">\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, Denmark extend energy agreement to 2025&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/\">\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\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/&title=Egypt, Denmark extend energy agreement to 2025\">\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%2C+Denmark+extend+energy+agreement+to+2025+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F15%2Fegypt-denmark-extend-energy-agreement-to-2025%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\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Danish-Prime-Minister-1600.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76510\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/egypt-denmark-extend-energy-agreement-to-2025\/danish-prime-minister-1600-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Danish-Prime-Minister-1600.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"Danish-Prime-Minister-1600.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Danish-Prime-Minister-1600.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Danish-Prime-Minister-1600.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76509\" class=\"content-area-description single-story post-76509 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-denmark tag-egypt tag-enterpriseclimate tag-renewables 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>Egypt and Denmark have extended a <\/strong><strong>bilateral energy <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2020\/08\/30\/diplomacy-foreign-trade-on-30-august-2020-20900\/\">cooperation agreement<\/a><\/strong><strong> through to 2025<\/strong>, which will see the two countries work on Egypt\u2019s clean energy transition, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02haA2uhqjx8zb18NBARQADN5T39EzkEdYzmyH1MVKi3Dk1LDQq9FpKKk9t63VpCcBl\">a statement<\/a> released this week. This came during Danish Prime Minister Mette Frederiksen\u2019s visit to Cairo on Monday, where she held talks with Egyptian President Abdel Fattah El Sisi and Egyptian Prime Minister Moustafa Madbouly.<\/p>\n<p><strong>Could Denmark help with Egypt\u2019s<\/strong> <strong>green hydrogen ambitions?<\/strong> During his meeting with Frederiksen, Madbouly talked about expanding relations to include green hydrogen projects and pharma, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02bPHsaW9DVVDtJv2jAxwBaysVGC8x8MKuczhmxv1Kf9gLShrLhhBhts5NfGT2F73Dl\">statement<\/a>. Frederiksen also highlighted her country\u2019s desire to boost cooperation with Egypt across the board in energy, maritime transport, and logistics, among other fields.<\/p>\n<p><strong>Frederiksen + El Sisi also met:<\/strong> El Sisi wrapped up his meeting with the Danish PM with a 15-minute presser (<a href=\"https:\/\/www.youtube.com\/watch?v=1l3g_V8kMbM\">watch, runtime: 14:23<\/a>), highlighting renewable energy and water security as important topics of discussion.<\/p>\n<p><strong>The Danish private sector is already showing interest: <\/strong>Egypt\u2019s Planning Minister Hala El Said met with a delegation from <a href=\"https:\/\/cipartners.dk\/\">Copenhagen Infrastructure Partners<\/a> (CIF) <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1999f7a3-9f3b-4811-915f-b7aaa48b900b\">earlier this month<\/a> to discuss joint cooperation on potential investments in Egypt\u2019s green sector. No information was disclosed on which specific projects were discussed. CIF has approximately EUR 20 bn invested in wind and solar energy around the world.<\/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-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/denmark\/\">Denmark<\/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\/renewables\/\">renewables<\/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=\"76511\" 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=\"76511\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/\">\r\n                            Small renewables companies will be hurting post-Silicon Valley Bank collapse                        <\/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\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/\" 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\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/')\">\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\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/\">\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=Small renewables companies will be hurting post-Silicon Valley Bank collapse&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/\">\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\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/&title=Small renewables companies will be hurting post-Silicon Valley Bank collapse\">\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=Small+renewables+companies+will+be+hurting+post-Silicon+Valley+Bank+collapse+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F15%2Fsmall-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse%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\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Silicon-Valley-Bank-1600.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76512\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/small-renewables-companies-will-be-hurting-post-silicon-valley-bank-collapse\/silicon-valley-bank-1600-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Silicon-Valley-Bank-1600.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"Silicon-Valley-Bank-1600.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Silicon-Valley-Bank-1600.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Silicon-Valley-Bank-1600.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76511\" class=\"content-area-description single-story post-76511 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-green-finance tag-renewables 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-07\"><\/a> <strong>SVB collapse leaves \u201ca big hole\u201d in climate startup financing:<\/strong> Climate startups who initially turned to Silicon Valley Bank (SVB) for its willingness to work with fledgling companies pursuing ambitious ideas will turn to more rigid financing institutions, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-13\/what-silicon-valley-bank-s-collapse-means-for-climate-tech\">Bloomberg<\/a> reports, citing analysts and sources from the energy industry. SVB \u2014 known as a climate bank \u2014 lent sizable funds to small renewable energy companies with projects under 100 MW. SVB\u2019s implosion is also likely to be used as a reason to increase the cost of financing, according to an analyst at Guggenheim. The impact, however, may be short-lived given that the bank has secure underlying assets and is not at risk of default despite being short of funds, one source told the business information service. You can read more about the potential impacts for the region in <a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/12\/silicon-valley-bank-collapse-leaves-dozens-of-local-startups-in-the-lurch-99375\/#:~:text=Silicon%20Valley%20Bank%20collapse%20could,players%20we%20spoke%20with%20yesterday.\">EnterpriseAM<\/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\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76513\" 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=\"76513\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/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\/03\/15\/jordan-is-exploring-waste-management-and-geothermal-energy-opportunities-other-nuclear-mining-and-ev-cargo-news-from-algeria-and-the-uae\/\">\r\n                            Jordan is exploring waste management and geothermal energy opportunities + Other nuclear, mining, and EV cargo news from Algeria and the UAE                        <\/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 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href=\"https:\/\/api.whatsapp.com\/send?text=Jordan+is+exploring+waste+management+and+geothermal+energy+opportunities+%2B+Other+nuclear%2C+mining%2C+and+EV+cargo+news+from+Algeria+and+the+UAE+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F15%2Fjordan-is-exploring-waste-management-and-geothermal-energy-opportunities-other-nuclear-mining-and-ev-cargo-news-from-algeria-and-the-uae%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\/03\/15\/jordan-is-exploring-waste-management-and-geothermal-energy-opportunities-other-nuclear-mining-and-ev-cargo-news-from-algeria-and-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/793.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76514\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/jordan-is-exploring-waste-management-and-geothermal-energy-opportunities-other-nuclear-mining-and-ev-cargo-news-from-algeria-and-the-uae\/793-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/793.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"793.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/793.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/793.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76513\" class=\"content-area-description single-story post-76513 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-algeria tag-also-on-our-radar tag-enterpriseclimate tag-jordan tag-tadweer tag-tawazun-investment tag-uae 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-06\"><\/a> <strong>UAE\u2019s Tadweer is eying expansion in Jordan: <\/strong>The Abu Dhabi Waste Management Company (Tadweer) inked an agreement with the Greater Amman Municipality (GAM) to explore potential investments in waste management in Jordan and the UAE, <a href=\"https:\/\/tradearabia.com\/news\/CONS_407387.html\">Trade Arabia<\/a> reports.<\/p>\n<p><strong>Jordan is exploring geothermal energy: <\/strong>Jordan\u2019s Energy and Mineral Resources Ministry signed an agreement with Tawazun Investment to research the use of geothermal energy for industrial and electrical power production, according to a <a href=\"https:\/\/www.memr.gov.jo\/AR\/\/NewsDetails\/%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9_%D8%AA%D9%88%D9%82%D8%B9_%D9%85%D8%B0%D9%83%D8%B1%D8%A9_%D8%AA%D9%81%D8%A7%D9%87%D9%85_%D9%84%D8%A7%D8%B3%D8%AA%D8%BA%D9%84%D8%A7%D9%84_%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9_%D8%A7%D9%84%D8%AD%D8%B1%D8%A7%D8%B1%D9%8A%D8%A9_%D8%A7%D9%84%D8%AC%D9%88%D9%81%D9%8A%D8%A9_%D9%81%D9%8A_%D8%AD%D9%82%D9%84_%D8%A7%D9%84%D8%B1%D9%8A%D8%B4%D8%A9\">statement<\/a>. The agreement will explore the conversion of non-gas-producing wells into geothermal energy generating wells in Jordan\u2019s Risha gas field.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Russia\u2019s <\/strong>nuclear power company <strong>Rosatom <\/strong>sent a delegation to<strong> Algeria<\/strong> to discuss collaboration between Russia and the Atomic Energy Commission on <strong>nuclear power and its energy applications<\/strong>. (<a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid02nmaPT4uiFb7MNjGEfh99hQiGgFU3PgKWing5bDVTPw6XEZjMTj7qyit7x9FatP2bl\">Statement<\/a>)<\/li>\n<li><strong>Algeria and Djibouti <\/strong>signed an MoU to purchase mining products from Algeria and exchange knowledge on the mining sector. (<a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid02oZ7k5adjP3uQWm1VkkpRW6Lsyqow5C3amQ8X3JikfAiCAW89AjSjmMAJtQqDCxiql\">Statement<\/a>)<\/li>\n<li><strong>The UAE<\/strong> issued a license for an <strong>electric cargo plane<\/strong> with the goal of promoting sustainability and reducing carbon emissions in the logistics sector. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303138715\">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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweer\/\">Tadweer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tawazun-investment\/\">Tawazun Investment<\/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=\"76515\" 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=\"76515\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/volkswagen-is-localizing-its-ev-supply-chain-in-north-america-other-news-on-renewables-generation-low-carbon-fuels-and-ev-financing-from-china-the-uk-and-the-us\/\">\r\n                            Volkswagen is localizing its EV supply chain in North America + Other news on renewables generation, low-carbon fuels, and EV financing from China, the UK, and the 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 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href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/volkswagen-is-localizing-its-ev-supply-chain-in-north-america-other-news-on-renewables-generation-low-carbon-fuels-and-ev-financing-from-china-the-uk-and-the-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/472.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76516\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/volkswagen-is-localizing-its-ev-supply-chain-in-north-america-other-news-on-renewables-generation-low-carbon-fuels-and-ev-financing-from-china-the-uk-and-the-us\/472-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/472.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"472.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/472.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/472.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76515\" class=\"content-area-description single-story post-76515 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-biofuels tag-canada tag-chevron tag-china tag-enterpriseclimate tag-germany tag-renewables tag-usa tag-volkswagen wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Volkswagen will build its first non-European battery factory in Canada in a bid to<\/strong><strong> localize its EV production chain in North America<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/volkswagen-build-first-north-american-battery-cell-plant-canada-2023-03-13\/\">Reuters<\/a> reports. The move comes several months after the German automaker signed an agreement with the country to access key battery raw materials. The new plant is \u201cthe largest single investment in the auto sector in the history of Canada,\u201d the newswire quotes Canadian federal innovation minister Francois-Philippe Champagne as saying.<\/p>\n<p><strong>Canada is an EV hotspot: <\/strong>The country\u2019s rich mining industry \u2014 which includes rare earths like lithium, nickel, and cobalt \u2014 along with its supportive legislation (think tax credits) are attracting EV business, the newswire reports. More investments could be on the way since Volkswagen announced it will invest EUR 180 bn over the course of five years in battery production, raw material sourcing, and more to attempt to lower EV prices and consolidate its sales in the market, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/volkswagen-invest-180-bln-euros-five-year-plan-2023-03-14\/\">Reuters<\/a> reported separately.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>China <\/strong>is set to nearly <strong>triple <\/strong>its planned <strong>wind and solar <\/strong>energy generation capacity to <strong>3.3 GW by 2030<\/strong>. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-14\/goldman-sees-china-nearly-tripling-its-target-for-wind-and-solar#xj4y7vzkg?leadSource=uverify%20wall\">Bloomberg<\/a>)<\/li>\n<li><strong>UK EV start-up <\/strong><strong><a href=\"https:\/\/arrival.com\/\">Arrival<\/a><\/strong> received a <strong>USD 300 mn <\/strong>equity financing line from <strong><a href=\"http:\/\/www.westwoodcapital.com\/\">Westwood Capital<\/a><\/strong> to start producing electric vans in the US next year. (<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/british-ev-startup-arrival-gets-300-mln-funding-2023-03-13\/\">Reuters<\/a>)<\/li>\n<li>A <strong>British tidal power facility <\/strong>on Liverpool\u2019s Mersey river could provide <strong>1 GW of <\/strong><strong>clean power <\/strong>to 1 mn households in the UK. (<a href=\"https:\/\/www.cnbc.com\/2023\/03\/13\/in-liverpool-plans-for-tidal-power-mega-project-take-shape-.html\">CNBC<\/a>)<\/li>\n<li>US energy giant <strong>Chevron <\/strong>is partnering with agribusiness companies <strong><a href=\"https:\/\/www.corteva.com\/\">Corteva<\/a><\/strong>and <strong><a href=\"https:\/\/www.bunge.com\/\">Bunge<\/a><\/strong> for the production of <strong>low-carbon biofuels <\/strong>from canola crops. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/corteva-bunge-chevron-partner-produce-renewable-fuels-2023-03-14\/\">Reuters<\/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\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/chevron\/\">Chevron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/germany\/\">Germany<\/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\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/volkswagen\/\">Volkswagen<\/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=\"76517\" 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=\"76517\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/sheep-take-part-in-sustainable-excavation-initiative\/\">\r\n                            Sheep take part in sustainable excavation initiative                        <\/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\/03\/15\/sheep-take-part-in-sustainable-excavation-initiative\/\" 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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Only two thirds of the 163 acre city \u2014 buried under meters of pumice and ash from a volcanic eruption 2k years ago \u2014 have been uncovered since excavations began 250 years ago.<\/p>\n<p><strong>But not all g<\/strong><strong>razing is zero-risk:<\/strong> Overgrazing can destroy native vegetation, damage soil, disrupt natural processes and ecosystems, and contaminate surrounding water sources, the <a href=\"https:\/\/www.biologicaldiversity.org\/programs\/public_lands\/grazing\/#:~:text=After%20decades%20of%20livestock%20grazing,carrying%20grasses%20has%20starved%20some\">Center for Biological Diversity<\/a> explains.<\/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\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/conservation\/\">conservation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"76519\" 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\/03\/15\/76519\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76519\" class=\"content-area-description single-story post-76519 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>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>20-21 March (Monday-Tuesday): Copenhagen Climate Ministerial.<\/p>\n<p>20-23 March (Monday-Thursday): <a href=\"https:\/\/giia.net\/events\/infrastructure-investor-global-summit-berlin-2023\">The Infrastructure Investor Global Summit<\/a>, Hilton Berlin, Germany.<\/p>\n<p>22-24 March (Wednesday-Friday): <a href=\"https:\/\/en.keyenergy.it\/k.ey-2023\/about\/discover-the-fair\">K.ey - The Energy Transition Expo<\/a>, Rimini Expo Centre, Emilia-Romagna, Italy.<\/p>\n<p>22-24 March (Wednesday-Friday): <a href=\"https:\/\/sdgs.un.org\/conferences\/water2023\">UN 2023 Water Conference<\/a>, New York, NY, United States.<\/p>\n<p>27-29 March (Monday-Wednesday): First Meeting of the Transitional Committee in Egypt focusing on Adaptation and Loss and Damage.<\/p>\n<p><strong>APRIL 2023<\/strong><\/p>\n<p>6 April (Thursday): Arabia CSR Awards 2022 Clinic (online).<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1-4 May (Monday-Thursday): <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">Arabian Travel Market<\/a>, Dubai, UAE.<\/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, UAE.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, Abu Dhabi, UAE.<\/p>\n<p>30 May-1 June (Tuesday-Thursday): <a href=\"https:\/\/www.timeshighered-events.com\/gsd-congress-2023\">Global Sustainable Development Congress<\/a>, King Abdullah University of Science and Technology (KAUST), KSA.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>1-3 June (Thursday-Saturday): <a href=\"http:\/\/www.envirotecener-expo.com\/\">Envirotec and Energie Expo<\/a>, Tunis, Tunisia.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/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, UAE.<\/p>\n<p>4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.<\/p>\n<p>31 October \u2013 2 November (Tuesday-Thursday): <a href=\"https:\/\/www.worldhydropowercongress.org\/\">World Hydropower Conference<\/a>, Bali, Indonesia.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>30 November - 12 December: <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/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":76496,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-76495","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a415b1e5-783c-494e-be1c-550c994788db","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/30.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>Flat6labs launches USD 95 mn fund to invest in climate action startups - Climate<\/title>\n<meta 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