{"id":76835,"date":"2023-04-05T02:00:31","date_gmt":"2023-04-05T02:00:31","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=76835"},"modified":"2025-12-15T08:45:49","modified_gmt":"2025-12-15T08:45:49","slug":"acwa-power-receives-usd-40-mn-in-financing-from-opec-fund-for-uzbekistani-wind-farms","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/acwa-power-receives-usd-40-mn-in-financing-from-opec-fund-for-uzbekistani-wind-farms\/","title":{"rendered":"Acwa Power receives USD 40 mn in financing from OPEC Fund for Uzbekistani wind farms"},"content":{"rendered":"<section id=\"76837\" 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=\"76837\">\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\/04\/05\/today-acwa-power-secures-usd-40-mn-from-opec-fund-for-wind-farms\/\">\r\n                            TODAY: Acwa Power secures USD 40 mn from OPEC Fund for wind farms                        <\/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\/04\/05\/today-acwa-power-secures-usd-40-mn-from-opec-fund-for-wind-farms\/\" 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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Among the items on the agenda are energy projects, likely including renewables given Cyprus\u2019 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/174d0949-75cd-49ae-bb8d-6abd66ec4206\">plan to import renewable energy from Egypt<\/a> through the USD 4 bn, 2 GW EuroAfrica Interconnector and the 3 GW Greece-Egypt Interconnector (GREGY).<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The US will shell out USD 450 mn to<\/strong><strong> deploy renewables projects at coal mines: <\/strong>The Biden administration <a href=\"https:\/\/www.energy.gov\/articles\/biden-harris-administration-announces-450-million-deploy-clean-energy-projects-mine-lands\">issued<\/a> guidance yesterday for clean energy developers looking to capitalize on the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3907e1bd-299f-46ad-8f42-7d0fead9dcc7\">Inflation Reduction Act<\/a>\u2019s tax breaks and the incentives of the USD 1 tn <a href=\"https:\/\/apnews.com\/article\/joe-biden-congress-infrastructure-bill-signing-b5b8cca843133de060778f049861b144\">2021 infrastructure law<\/a> to build renewables plants. The administration will make available USD 450 mn for renewables projects that will be located at current or decommissioned coal mining sites across the country, according to the statement. Up to five clean energy projects will be eligible to receive a portion of the financing package the White House has earmarked for the carbon-neutral energy projects, with at least two of the five projects set aside for solar plants. The new regulation seeks to spur investments in energy communities \u2014 especially coal communities \u2014 that have been hard-hit by prolonged declines. Interested developers will have until the end of August to submit applications for planned projects, with grant decisions set to be announced early on in 2024.<\/p>\n<p><strong>The story got some coverage in the press yesterday: <\/strong><a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/us-detail-plan-draw-clean-energy-into-oil-coal-communities-2023-04-04\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/biden-coal-mine-clean-energy-solar-manchin-3046634c240bbc60998ab84d189a1109\">Associated Press<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/politics\/2023\/04\/04\/biden-coal-mine-clean-energy-solar-manchin\/972548f8-d2d1-11ed-ac8b-cd7da05168e9_story.html\">The Washington Post<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH<\/strong><strong> THIS SPACE #1- The Saudis want in on Egypt\u2019s clean energy projects:<\/strong> Three Saudi companies have reportedly submitted requests to invest up to USD 1.5 bn in Egypt\u2019s renewables, green hydrogen, and ammonia sectors, <a href=\"https:\/\/www.alborsaanews.com\/2023\/04\/03\/1652585\">Al Borsa<\/a> reports, citing sources it says have knowledge of the plans. One of the three unnamed companies was in talks with the country\u2019s Electricity Ministry for the development of a 500 MW onshore wind farm, for which the firm says it has secured initial approval for funding from an undisclosed European bank. The two remaining Saudi developers are each eyeing separate green fuel production plants in the country, and they both have agreements in place with global renewables firms for their proposed projects.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>WATCH THIS SPACE #2-<\/strong> <strong>Egyptian carbon credit platform coming soon? <\/strong>Egypt\u2019s International Cooperation Ministry is working closely with the EGX and the European Bank for Reconstruction and Development (EBRD) to launch the country\u2019s much-anticipated carbon credit platform, <a href=\"https:\/\/www.alborsaanews.com\/2023\/04\/03\/1652733\">Al Borsa<\/a> quotes International Cooperation Minister Rania Al Mashat as saying. The launch of the platform is part of efforts to implement pledges made during COP27, Al Mashat said, without providing further details on the platform or an expected date of launch.<\/p>\n<p><strong>REMEMBER- <\/strong>We\u2019re still awaiting the EGX\u2019s launch of Africa\u2019s first voluntary carbon market (VCM), which officials <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/facb23b0-ce8f-482b-98b6-c5ded1a74b26\">said will launch in mid-2023<\/a>. As of late November, the EGX was close to finalizing contracts with a Canadian fintech to supply the technology for the carbon credit platform.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>WATCH THIS SPACE #3-<\/strong><strong> Xlinks\u2019 Morocco-UK Power Project could be <\/strong><strong>getting a boost from the region:<\/strong> Abu Dhabi National Energy Company (Taqa) is in advanced talks to pour investments into UK-based Xlinks\u2019 ambitious <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Morocco-UK power project<\/a>, <a href=\"https:\/\/news.sky.com\/story\/clean-energy-start-up-xlinks-wins-abu-dhabi-backing-for-18bn-project-12849009\">Sky News<\/a> reports. Taqa is in negotiations to acquire a \u201csignificant\u201d stake in the GBP 18 bn project, which involves the construction of a 3.8k km undersea cable between Morocco and the UK. British renewables investor Octopus Energy is also reportedly financially backing the project. Once completed, the \u201cfirst of a kind\u201d project is expected to supply 8% of the UK's electricity needs.<\/p>\n<p><strong>\u201cWithout commitment,\u201d the UK <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d996165d-0386-422f-822a-681f3246d700\">continues to mull<\/a><\/strong><strong> the viability of the 10.5 GW project<\/strong>, according to the Powering Up Britain \u2013 Energy Security policy paper released last week. Progress on the project \u2014 which would see 3.6 GW of clean energy generated in Morocco transported to the UK \u2014 has been \u201cfrustratingly slow,\u201d Xlinks Executive Chairman David Lewis said last year. Xlinks could decide to divert the power produced elsewhere if the UK does not commit to financing the scheme.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WORTH READING- Al Jaber a powerhouse for climate progress or a patron of the <\/strong><strong>oil industry? <\/strong>While COP28 President-Designate Sultan Al Jaber alone cannot force a consensus among all countries at the UAE-hosted climate conference in November, his role gives him the power to set limits on what kind of progress is possible, and many are skeptical given his position as chief executive of Abu Dhabi National Oil Drilling (Adnoc), <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2023-04-03\/uae-s-top-oil-executive-has-a-plan-to-fix-cop28#xj4y7vzkg\">Bloomberg<\/a> writes.<\/p>\n<p><strong>There\u2019s a lot on the line:<\/strong> The continued expansion of Adnoc\u2019s production capacity raises doubts that Al Jaber will push for goals that are crucial for avoiding large-scale climate disasters, including reaching a conclusion on a phase-out plan for oil and gas and pushing countries to fulfill their unmet promises of allocating USD 100 bn in annual climate funding to developing countries, the business information service says. Climate groups have been bringing up Adnoc\u2019s track record of exaggerating its renewables operations and its failure to report its aggregate emissions. One watchdog group, Climate Action Tracker, has said that Adnoc\u2019s plans are \u201chighly insufficient.\u201d<\/p>\n<p><strong>But some think Al Jaber\u2019s background is a plus:<\/strong> US climate envoy John Kerry suggested that Al Jaber\u2019s position, both as a businessman and a diplomat, will help solutions \u201cmove faster and at scale.\u201d The president-designate agrees with critics that a solution to the climate crisis is urgently needed, and that initiatives need to be seen through instead of \u201cgathering dust at a showy reception.\u201d However, Al Jaber is yet to present a clear plan on how that will be achieved, Bloomberg notes.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<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><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/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>THE DANGER ZONE- <\/strong><strong>Unchecked climate change could turn deadly for MENA:<\/strong> Annual heat-related deaths could soar in the MENA region by the end of the century if global warming is not reined in, according to <a href=\"https:\/\/www.thelancet.com\/journals\/lanplh\/article\/PIIS2542-5196(23)00045-1\/fulltext#seccestitle130\">research by the Lancet Planetary Health<\/a>. The research suggests the region will see 123 deaths per 100k people by 2100 under a high-emissions scenario. This is over 60x the current rate for the region, which is at two deaths per 100k people. This current rate is low compared to other regions due to the young population and existing adaptation strategies to hot weather.<\/p>\n<p><strong>All eyes on\u2026:<\/strong> Under a high emissions scenario, all or most of MENA is forecast to see substantial warming by the 2060s, with temperatures increasing the most in North Africa and the Arabian Peninsula, the research paper said. However, Iran, despite being in neither of these two areas, is expected to suffer the biggest hit in the region under the high-emissions scenario, seeing some 423 deaths per 100k of the population. Mortality rates will also be high in Palestine, Iraq, and Israel. However, the smaller Gulf countries (Qatar, Oman, and the UAE) will see the greatest percentage increases in heat related deaths. Egypt comes first in terms of highest absolute number of heat-related mortalities in the region, with a current annual rate of nearly 2.6k deaths.<\/p>\n<p><strong>But there could be a way out:<\/strong> The projected death rate by the end of the century could be slashed by more than 80% if warming is brought under control, the study said. \u201cGlobal warming will need to be limited to 2C to avoid the catastrophic health impacts estimated in our study,\u201d lead author of the paper Shakoor Hajat said, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-03\/untamed-global-warming-risks-soaring-death-toll-in-middle-east\">Bloomberg<\/a>. \u201cEven with stronger action, countries in the region need to develop ways other than air-conditioning to protect their citizens from the dangers of extreme heat,\u201d Hajat said.<\/p>\n<hr class=\"grey-line\">\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\/3\/832.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> 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. Attendance is by invitation only.<\/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>The UAE is hosting the International Conference on Green Energy and <\/strong><strong>Environmental Technology (<\/strong><strong><a href=\"http:\/\/www.icgeet.igrnet.org\/279\/united-arab-emirates\/\">ICGEET<\/a><\/strong><strong>) on 18 and 19 April <\/strong>in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.<\/p>\n<p><strong>Turkey is hosting the <\/strong><strong><a href=\"https:\/\/www.irenec.org\/eng\/\">International 100% Renewable Energy Conference<\/a><\/strong><strong> from 4<\/strong><strong>-6 May<\/strong> in Istanbul. The event will bring together experts to discuss the integration of renewables, renewable energy technologies and applications, and the <a href=\"https:\/\/www.iea.org\/reports\/net-zero-by-2050\">Roadmap to 2050<\/a>.<\/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\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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            <!-- <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=\"76839\" 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=\"76840\" 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=\"76840\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/acwa-power-receives-usd-40-mn-in-financing-from-opec-fund-for-uzbekistani-wind-farms\/\">\r\n                            Acwa Power receives USD 40 mn in financing from OPEC Fund for Uzbekistani wind farms                        <\/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   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-->\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\/04\/05\/acwa-power-receives-usd-40-mn-in-financing-from-opec-fund-for-uzbekistani-wind-farms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1018.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76841\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/acwa-power-receives-usd-40-mn-in-financing-from-opec-fund-for-uzbekistani-wind-farms\/1018-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1018.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1018.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1018.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1018.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76840\" class=\"content-area-description single-story post-76840 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-acwa-power tag-climate-finance tag-enterpriseclimate tag-green-finance tag-opec-fund-for-international-development 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-01\"><\/a><strong> OPEC Fund extends USD 40 mn to Acwa Power for wind farms: <\/strong>The OPEC Fund for International Development approved two separate loans worth USD 20 mn each to finance two of Saudi renewables company Acwa Power\u2019s wind farms in Uzbekistan, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/opec-fund-contributes-40mln-financing-to-two-wind-farms-in-uzbekistan-y566jhjn\">statement<\/a>.<\/p>\n<p><strong>Where\u2019s the money going?<\/strong> The credit line extended by the OPEC Fund will be channeled toward the construction, operation, maintenance, and development of 128 km transmission infrastructure for Acwa\u2019s USD 658 mn 500 MW <a href=\"https:\/\/acwapower.com\/en\/projects\/dzhankeldy-wind-ipp\/\">Dzhankeldy Wind Farm<\/a>, according to the statement. The Saudi developer will also funnel a portion of OPEC\u2019s financing towards the construction and installation of 160 km transmission infrastructure for its USD 690 mn 500 MW <a href=\"https:\/\/acwapower.com\/en\/projects\/bash-wind-ipp\/\">Bash Wind Plant<\/a> to connect it to the national grid, the news outlet notes.<\/p>\n<p><strong>Who\u2019s paying in<\/strong><strong>?<\/strong> A consortium including AFD Group\u2019s Proparco, German development bank Deutsche Investitions- und Entwicklungsgesellschaft, as well as the Industrial and Commercial Bank of China, and the Asian Development Bank is financing the loan packages. The European Bank for Reconstruction and Development will serve as the technical bank for the transaction and Standard Chartered Bank as the documentation bank.<\/p>\n<p><strong>There\u2019s lots more in Acwa\u2019s pipeline: <\/strong>Acwa Power signed three power purchase agreements totaling USD 2.5 bn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/46255998-c3f3-4814-a5a4-2cdf891cf0cc\">in March<\/a> with the National Electric Grid of Uzbekistan and the country\u2019s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three battery energy storage (BESS) units totalling a capacity of 1.5 GWh. Earlier in January, Acwa signed an <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ecad5e18-7333-4c86-9254-d9f9875b15cb\">agreement<\/a> to build a green hydrogen plant and a green ammonia pilot project in the country.<\/p>\n<p><strong>And the investments will keep rolling in: <\/strong>Acwa has already poured in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/46255998-c3f3-4814-a5a4-2cdf891cf0cc\">a total of USD 5 bn<\/a> to fund the five projects it owns and operates in the country \u2014 including the wind farms OPEC is financing. The company plans to invest a total of USD 10 bn in Uzbekistan\u2019s renewables projects over the next five years.<\/p>\n<p><strong>Uzbekistan is ramping up renewables:<\/strong> Uzbekistan has a target to source 35% of its electricity demand from renewables by 2035, planning to establish wind energy plants totaling 10 GW, and solar energy farms that would generate 5 GW of clean power by <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/46255998-c3f3-4814-a5a4-2cdf891cf0cc\">the end of the decade<\/a> to offset a total of 16 mn tons of CO2 per annum. Both projects will offset some 1.8 mn tons of CO2 equivalent over their life-cycle, Zawya 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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-finance\/\">climate finance<\/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\/opec-fund-for-international-development\/\">OPEC Fund for International Development<\/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=\"76842\" 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=\"76842\">\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\">GREEN TECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/\">\r\n                            Will water-based cells be the EV batteries of the future?                        <\/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\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/\" 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\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/')\">\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\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/\">\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=Will water-based cells be the EV batteries of the future?&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/\">\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\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/&title=Will water-based cells be the EV batteries of the future?\">\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=Will+water-based+cells+be+the+EV+batteries+of+the+future%3F+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F05%2Fwill-water-based-cells-be-the-ev-batteries-of-the-future%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\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/826.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76843\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/will-water-based-cells-be-the-ev-batteries-of-the-future\/826-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/826.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"826.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/826.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/826.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76842\" class=\"content-area-description single-story post-76842 post type-post status-publish format-standard has-post-thumbnail hentry category-green-tech tag-enterpriseclimate tag-evs tag-green-tech 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-02\"><\/a> <strong>Can water-based batteries plug the EV industry\u2019s need for lithium?<\/strong> In a bid to wean off reliance on lithium as a critical mineral for EV battery production, automakers and researchers around the world are looking at alternative battery minerals that are not as expensive or as rare, with viable alternatives being studied including <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-21\/electric-vehicle-batteries-of-the-future-may-be-lithium-less\">sodium-ion cells<\/a>. Researchers at Texas A&M University in the US are developing water-based, non-metal battery conductors, according to research published in <a href=\"https:\/\/www.nature.com\/articles\/s41563-023-01518-z\">Nature Materials<\/a>.<\/p>\n<p><strong>Water-based how?<\/strong> Similar to regular batteries, the models the researchers have been developing over the past few years entail the same building blocks of conventional cells: cathodes, anodes, and electrolytes. The significant differences in the cells they are developing is the use of electrodes (battery conductors) sourced from polymers instead of metallic alternatives, and the use of electrolytes (essential minerals such as potassium, calcium, and sodium) sourced from water and organic salts. The polymers, unlike metals that swell up when interacting with electrodes, are more heat-resistant and do not expand when in contact with electrodes, leading to a power storage capacity that is 1k% higher than lithium counterparts, the study notes.<\/p>\n<p><strong>What they\u2019ve learned<\/strong><strong>: <\/strong>The recording of redox reactions \u2014 oxidation-reduction interactions that see electrons transferred between different materials, as is the case of polymers reacting with water-based electrolytes \u2014 by the Texas A&M scientists is making the case that non-conjugated polymers are ideal materials to create high discharge voltage electrodes for a host of different applications, including EV battery production.<\/p>\n<p><strong>Next steps: <\/strong>The researchers are working on resolving reactions between their polymer electrodes and electrolytes, which see simultaneous transfers of ions, electrons, and water molecules. They also plan to conduct simulations to study the energy storage capacity of radical polymers in aqueous environments.<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/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=\"76844\" 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=\"76844\">\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\">CLIMATE TECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/is-climate-tech-on-the-same-trajectory-as-fintech\/\">\r\n                            Is climate tech on the same trajectory as fintech?                        <\/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\/04\/05\/is-climate-tech-on-the-same-trajectory-as-fintech\/\" 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 report found an absence of patient capital necessary to return investments on climate tech as well as misperceptions that climate tech is still not a profitable endeavor. Despite the findings, four regional VC funds we spoke to said that they were eyeing investments in climate tech in the near-term, and all of them noted an increased appetite among VCs and investors for climate and clean tech as development money pools into the sector \u2014 with all of them comparing the sector to the early days of fintech.<\/p>\n<p><strong>Climate-focused funds on the rise: <\/strong>Egypt-based Flat6Labs announced a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/98720b75-6c7a-4a14-a700-399096629d1f\">USD 95 mn fund<\/a> in March that will go to 160 startups working in climate and cleantech in East, West and North Africa. In February, Dubai-based deep-tech VC fund <a href=\"https:\/\/8xventures.co\/\">8X Ventures<\/a> \u2014 which has 12 companies in its portfolio, mostly in the UK, India and Bangladesh \u2014 <a href=\"https:\/\/yourstory.com\/ys-gulf\/8x-ventures-25m-dollar-bid-on-mena-cleantech-climate-tech-ecosystem\">announced plans<\/a> to allocate USD 25 mn to cleantech and climate tech in the region. Hossam Allam and Sherief Kesseba co-founded the pan-African <a href=\"https:\/\/climateresilience.fund\/\">Climate Resilience Fund<\/a> in September, which will deploy USD 25 mn to agrifoods over the next two years. The fund supports startups working in agrifood and nature-enabled solutions across Africa and focuses on investing at the intersection of agrifood and climate, Allam tells us.<\/p>\n<p><strong>Impact investors are shifting to climate tech: <\/strong>The UAE-based <a href=\"https:\/\/www.venturesouq.com\/\">VentureSouq<\/a> \u2014 a venture capital firm for global early-stage tech startups \u2014 includes climate tech in its conscious collective investment thesis, created for investing in founders harnessing technology to address critical economic, environmental, and societal issues. VentureSouq senior investment associate Lola Flores tells us they have developed a climate thesis and are seeing a \u201clarge appetite\u201d for climate tech investing as the ecosystem matures. Other VCs with a climate tech mandate include Nairobi-based <a href=\"https:\/\/www.thecatalystfund.com\/\">Catalyst Fund<\/a> and Norway\u2019s <a href=\"https:\/\/katapult.vc\/africa\/portfolio\/\">Katapult<\/a>, which have invested in agtech, waste management, and energy startups in Egypt, Morocco, and Tunisia. Others like Morocco\u2019s <a href=\"https:\/\/emtechvc.com\/#home\">EmergingTech VC<\/a> and Iraq\u2019s <a href=\"https:\/\/www.euph.com\/team\">Euphrates Ventures<\/a> have made investments in agritech startups in their respective countries.<\/p>\n<p><strong>From fintech to climate tech: <\/strong><a href=\"https:\/\/www.algebraventures.com\/\">Algebra Ventures<\/a> Managing Partner Tarek Assad and Flat6Labs\u2019 CEO Ramez El-Serafy agree climate tech appears to be following the same trajectory as fintech, with global, impact-driven capital increasingly being directed to climate and greentech solutions. Assad tells us that governments, development finance institutions (DFIs), local investors and global investors, as well as large commercial organizations are seeing the benefit and the trend and want to get in early but it takes time to assemble the sector, since proprietary tech is hard to come by. He tells us that building local and regional climate and clean tech will require a different model that depends on homegrown talents and, in some cases, technology. El-Serafy agrees, attributing the uptick in the climate tech pipeline to capital flowing into greentech solutions.<\/p>\n<p><strong>Climate tech needs more innovation and technical know-how: <\/strong>El-Serafy tells us that, in spite of surging interest in the sector, developing an organic pipeline for climate tech and creating mechanisms for tech transfer from universities to market will take time. \u201cWe have really good engineering talent in Egypt and we\u2019re trying to work with students and academic bodies to drive innovation in this space and take it to the market,\u201d he adds. On the flipside, Assad notes that adapting models that have worked elsewhere is no guarantee for success in climate tech, and that the skill sets needed are still being developed, with big projects likely to benefit the green job market. \u201cIn some cases, you need strong locally developed tech components, so the teams that emerge to work on climate tech will definitely have a stronger technical side. Those that have that domain expertise will get ahead, although it\u2019s still not clear how they will acquire the skills needed to develop the sector,\u201d Assad says.<\/p>\n<p><strong>So, which sectors are drawing the most interest? <\/strong>Assad notes rising interest in EVs and EV components, but points to clean tech, waste management and agrifoods as areas of interest as well. Energy, waste management and water treatment are all emerging as areas of interest, El-Serafy notes, with many startups that aren\u2019t asset-heavy focusing their efforts on improving operational efficiency and innovating in the process. Hossam Allam tells us that VCs are increasingly eyeing agritech and agrifood, as they see \u201cthe size of the prize.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/8x-ventures\/\">8x ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-tech\/\">Climate tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/flat6labs\/\">Flat6Labs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/vc-funds\/\">VC funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/venturesouq\/\">venturesouq<\/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=\"76846\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76847\" 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=\"76847\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/\">\r\n                            The world needs USD tns for green transition. Where could it go?                        <\/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\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/\" 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\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/')\">\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\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/\">\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=The world needs USD tns for green transition. Where could it go?&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/\">\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\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/&title=The world needs USD tns for green transition. Where could it go?\">\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=The+world+needs+USD+tns+for+green+transition.+Where+could+it+go%3F+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F05%2Fthe-world-needs-usd-tns-for-green-transition-where-could-it-go%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\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/442.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76848\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/the-world-needs-usd-tns-for-green-transition-where-could-it-go\/442-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/442.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"442.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/442.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/442.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76847\" class=\"content-area-description single-story post-76847 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-china tag-climate-in-the-news tag-energy-transition-metals tag-enterpriseclimate tag-evs tag-green-transition tag-metals tag-tribeca wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Where do the big bucks for green transition go?<\/strong> Tns of USD needed for the green transition globally would require joint efforts from both the private and public sectors and some areas of the green transition will draw in more funding, <a href=\"https:\/\/www.cnbc.com\/2023\/04\/04\/asset-manager-on-where-trillions-needed-for-energy-transition-will-go.html\">CNBC<\/a> reports, citing asset managers. Global head of Macquarie Asset Management\u2019s Green Investment Group Mark Dooley sees a large portion of the investments going towards transmission grids with a growing appetite for new technologies related to energy transition, including electric vehicles. \u201cIt\u2019s a tall order, but the feeling that we have, the experience we have, is that the investor appetite to be part of this transition is enormous,\u201d Dooley said. Clean energy investments need to reach over USD 4 tn by 2030, according to the International Energy Agency, while the International Renewable Energy Agency puts the number at USD 44 tn by 2030 if the world stays on track towards the 1.5 degrees global warming goal.<\/p>\n<p><strong>Miners look beyond China:<\/strong> Growing interest in the processing of energy transition metals outside China is being triggered by growing geopolitical conflicts and chances of industrial decoupling, one of Asia\u2019s leading hedge funds Tribeca Investment Partners told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-03\/tribeca-sees-china-tensions-powering-new-green-metals-bets?srnd=all\">Bloomberg<\/a>. Portfolio Manager John Stover said miners will look into appending processing capacity along large deposits with a move downstream. \u201cIt\u2019s just supply chain 101, you don\u2019t want to be concentrated in an area where you have doubts about the future in one way or another,\u201d partner at Tribeca Capital Scott Clements said. \u201cGeopolitically, it\u2019s pushing people to do that and governments are throwing money at it,\u201d Clements added.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Ice melting in Antarctica is slowing down the ocean\u2019s water flows<\/strong> and could have an impact on marine food chains and the stability of ice shelves, a new study published in Nature found. The slowed movement of water flows hinders the delivery of heat, carbon, oxygen, and vital nutrients around the globe. (<a href=\"https:\/\/www.reuters.com\/business\/environment\/rising-antarctic-ice-melt-will-dramatically-slow-global-ocean-flows-study-2023-03-29\/\">Reuters<\/a>)<\/li>\n<li>The companies developing the <strong>2 GW Al Dhafra PV park in Abu Dhabi <\/strong>\u2014 which include <strong>Taqa, Masdar, EDF Renewables, and China\u2019s Jinko Power <\/strong>\u2014 have completed installation of the plant\u2019s solar panels, which total some <strong>3.5 mn <\/strong>PV units. (<a href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/last-pv-module-installed-at-abu-dhabis-2gw-al-dhafra-solar-power-project-masdar-uugcet6a\">Zawya<\/a>)<\/li>\n<li><strong>Mining debris<\/strong> could be a lifeline for <strong>rare earths<\/strong> as the West tries to wean themselves off supplies from <strong>China<\/strong>. (<a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/mine-waste-finds-new-life-source-rare-earths-2023-04-04\/\">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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/energy-transition-metals\/\">energy-transition metals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-transition\/\">green transition<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/metals\/\">metals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tribeca\/\">Tribeca<\/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=\"76849\" 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=\"76849\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/more-mangroves-and-wild-trees-for-the-uae-and-oman-morocco-sets-targets-for-ev-charging-stations\/\">\r\n                            More mangroves and wild trees for the UAE and Oman + Morocco sets targets for EV charging stations                        <\/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\/04\/05\/more-mangroves-and-wild-trees-for-the-uae-and-oman-morocco-sets-targets-for-ev-charging-stations\/\" 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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Under the agreement, the ministry will provide technical assistance on mangroves planting, including soil and water studies on the place of planting. The cooperation comes under the UAE\u2019s National Carbon Sequestration plan in which the country targets planting 100 mn mangroves by 2030. The project \u2014 carried out by the ministry in collaboration with the private sector and international NGOs \u2014 will increase the number of mangroves to 100 mn from 30 mn in a bid to create a carbon sink to sequester carbon.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Morocco will have 2.5k EV charging stations by 2026: <\/strong>Morocco\u2019s Intersectorial Association for Electric Mobility (APIME) plans to roll out 2.5k EV car charging stations in the key cities of Tangier, Rabat, and Casablanca by 2026. APIME was established earlier this year with the aim of accelerating the building of EV infrastructure in the country. (<a href=\"https:\/\/www.moroccoworldnews.com\/2023\/04\/354807\/morocco-to-open-2-500-electric-car-charging-stations-by-2026\">Morocco World News<\/a>)<\/li>\n<li><strong>Oman\u2019s state energy company OQ<\/strong> will plant <strong>250k wild tree seedlings<\/strong> as part of an agreement signed with Oman\u2019s Ministry of Agriculture, Fisheries and Water Resources. The agreement is part of <strong>Oman\u2019s Green Initiative<\/strong> which aims to<strong> plant a total of 10 mn wild trees<\/strong>. (<a href=\"https:\/\/www.omannews.gov.om\/topics\/en\/79\/show\/112365\">Oman News Agency<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ev\/\">EV<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mangroves\/\">mangroves<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76851\" 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=\"76851\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/e-waste-related-health-concerns-in-east-africa-grow-french-lawmakers-propose-tax-breaks-and-subsidies-for-renewables\/\">\r\n                            E-waste related health concerns in East Africa grow + French lawmakers propose tax breaks and subsidies for renewables                        <\/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\/04\/05\/e-waste-related-health-concerns-in-east-africa-grow-french-lawmakers-propose-tax-breaks-and-subsidies-for-renewables\/\" 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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A <a href=\"https:\/\/www.who.int\/news\/item\/15-06-2021-soaring-e-waste-affects-the-health-of-millions-of-children-who-warns\">report<\/a> by the World Health Organization (WHO) singled out thyroid dysfunction, reduced fertility, and certain cancers as possible consequences of e-waste exposure. Over 1k harmful substances \u2014 including lead, mercury, nickel, brominated flame retardants and polycyclic aromatic hydrocarbons (PAHs) \u2014 are found in e-waste landfills, according to WHO.<\/p>\n<p><strong>France joins in the global carbon subsidy war:<\/strong> Renewable companies in France are fearful of falling behind due to the Biden administration\u2019s subsidies under the Inflation Reduction Act, leading French lawmakers to propose offering tax breaks and subsidies of their own, <a href=\"https:\/\/www.reuters.com\/world\/europe\/french-lawmakers-propose-tax-credits-subsidies-green-industry-2023-04-03\/\">Reuters<\/a> reports. The proposals suggest the size of a company's investment and how much it generates in renewables will determine the amount of tax breaks and subsidies the companies are eligible for. If passed, the policy would target producers of batteries and critical metals, electrolysers, heat pumps, next-generation nuclear plants, PV and wind generators, as well as carbon capture and storage technologies.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Dubai-headquartered water management solutions provider <strong>Metito <\/strong>has signed an agreement with <strong>Tanzania\u2019s Dar Es Salaam Water Supply and Sanitation Authority<\/strong> to design, build, and operate a new <strong>6k cubic meter per day wastewater treatment plant.<\/strong> The plant is expected to be inaugurated in October 2024. (<a href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/tanzania-to-develop-its-first-ppp-wastewater-treatment-plant-project-dkwpyc9j\">Zawya<\/a>)<\/li>\n<li><strong>Japan<\/strong> is set to revise its <strong>hydrogen strategy<\/strong> to 12 mn tons by 2040 as demand on the cleaner fuel alternative picks up. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/japan-aims-boost-hydrogen-supply-12-mln-t-by-2040-2023-04-04\/\">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\/climate-policy\/\">CLIMATE POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/east-africa\/\">east Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/healthtech\/\">healthtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/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=\"76853\" 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=\"76853\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/05\/can-solar-powered-evs-like-hyundais-sonata-accelerate-the-transition-to-sustainable-mobility\/\">\r\n                            Can solar-powered EVs like Hyundai\u2019s Sonata accelerate the transition to sustainable mobility?                        <\/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\/04\/05\/can-solar-powered-evs-like-hyundais-sonata-accelerate-the-transition-to-sustainable-mobility\/\" 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 <a href=\"https:\/\/www.hyundaiusa.com\/us\/en\/vehicles\/sonata-hybrid\">Sonata<\/a> sports a roof made up of solar cells able to generate 200 watts of solar energy, enough power to add an additional 6-6.5 km of range per day depending on cloud cover, <a href=\"https:\/\/techcrunch.com\/2022\/03\/23\/hyundai-sonata-hybrid-roof\/\">TechCrunch<\/a> writes. Toyota also has an add-on option for the hybrid versions of its Prius models which enables motorists to equip their car roofs with solar panels, adding some 1.25k km in solar-powered driving range annually, Bloomberg notes.<\/p>\n<p><strong>More to come: <\/strong>Both Hyundai and Toyota plan on outfitting upcoming models with solar cells, including the <a href=\"https:\/\/www.hyundai.com\/worldwide\/en\/eco\/ioniq5\/highlights\">Ioniq 5<\/a> EV. The automarker also plans to design its new all-electric EV the <a href=\"https:\/\/www.toyota.com\/bz4x\/\">bZ4X<\/a> with a similar system. Other companies are jumping on the bandwagon, with Tesla CEO Elon Musk telling customers the new electric <a href=\"https:\/\/www.tesla.com\/cybertruck\">Cybertruck<\/a> would have an option to <a href=\"https:\/\/www.torquenews.com\/14335\/tesla-cybertruck-will-have-option-solar-panels#:~:text=Tesla's%2520CyberTruck%2520will%2520have%2520an,don't%2520drive%2520long%2520distances.\">equip the EVs with solar cells<\/a>.<\/p>\n<p><strong>Solar-powered EVs are not unheard of in MENA:<\/strong> Netherlands-based firm Lightyear \u2014 which declared bankruptcy in January this year \u2014 had showcased its solar-powered EV Lightyear 0 at the Sharjah Research, Technology and Innovation Park (SRTIP) <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e02bf000-2353-4d39-a0f4-be7cbc9df416\">back in October<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/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                            <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=\"76855\" 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\/04\/05\/76855\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76855\" class=\"content-area-description single-story post-76855 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>APRIL 2023<\/strong><\/p>\n<p>6 April (Thursday): Arabia CSR Awards 2022 Clinic (online).<\/p>\n<p>18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE.<\/p>\n<p>29-30 April (Saturday-Sunday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">First COP27 transitional committee workshop<\/a>, Bonn, Germany.<\/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>4-6 May (Thursday-Saturday): <a href=\"https:\/\/www.irenec.org\/eng\/\">International 100% Renewable Energy Conference<\/a>, Istanbul, Turkey.<\/p>\n<p>8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE.<\/p>\n<p>8-10 May (Monday-Wednesday): <a href=\"https:\/\/www.aimcongress.com\/?gclid=Cj0KCQjw8qmhBhClARIsANAtbof4-76eS8t3Yy_1lhLnSSmgzPe4hU6hQGDG1ps8Y3Tbu7i1rowxcy4aAjetEALw_wcB\">Annual Investment Meeting<\/a>, Abu Dhabi, UAE.<\/p>\n<p>9 May (Tuesday): <a href=\"https:\/\/www.world-hydrogen-summit.com\/programme\/\">World Hydrogen 2023 Summit & Exhibition<\/a>, Rotterdam, Netherlands.<\/p>\n<p>9-10 May (Tuesday-Wednesday): <a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/\">The Solar Show MENA<\/a>, Cairo, Egypt.<\/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>24-27 May (Wednesday-Saturday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Second meeting of the COP27 Transitional Committee<\/a>, TBD.<\/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 June (Thursday): <a href=\"https:\/\/energychamber.org\/aecs-invest-in-african-energy-paris-forum-to-take-place-on-june-1\/\">Invest in African Energy Forum<\/a>, Paris, France.<\/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>12-15 June (Monday-Thursday): <a href=\"https:\/\/saudipp.com\/\">Saudi Plastics & Petrochem<\/a>, Riyadh, KSA.<\/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>JULY 2023<\/strong><\/p>\n<p>3-7 July (Monday-Friday): <a href=\"https:\/\/aic2023.geo.unibuc.ro\/en\/\">The 36th Conference of the International Association of Climatology<\/a>, Bucharest, Romania.<\/p>\n<p>22-23 July (Saturday-Sunday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Second COP27 transitional committee workshop<\/a>, Bangkok, Thailand.<\/p>\n<p><strong>AUGUST 2023<\/strong><\/p>\n<p>20-24 August (Sunday-Wednesday): <a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week 2023<\/a>, Stockholm, Sweden.<\/p>\n<p>29 August-1 September (Tuesday-Friday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Third meeting of the COP27 Transitional Committee<\/a>, TBD.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>9-20 September (Saturday-Wednesday): <a href=\"https:\/\/www.un.org\/en\/conferences\/SDGSummit2023\">2023 Sustainable Development Goals Summit<\/a>, New York, USA.<\/p>\n<p>11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.<\/p>\n<p>12-15 September (Tuesday-Friday): <a href=\"https:\/\/www.wto.org\/english\/forums_e\/public_forum_e\/public_forum_e.htm\">WTO Public Forum<\/a>, Geneva, Switzerland.<\/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>16-18 October (Monday-Wednesday): <a href=\"https:\/\/www.climatelinks.org\/events\/climate-week-2022-2nd-world-conference-climate-change-sustainability\">Climate Week<\/a>, Rome, Italy.<\/p>\n<p>17-20 October (Tuesday-Friday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Fourth meeting of the COP27 Transitional Committee<\/a>, TBD.<\/p>\n<p>29 October- 2 November (Sunday-Thursday): <a href=\"https:\/\/bit.ly\/40YIn6F\">6th Cairo Water Week<\/a>, Cairo, Egypt<\/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>9-10 November (Thursday-Friday): <a href=\"https:\/\/www.irena.org\/News\/pressreleases\/2023\/Mar\/IRENA-To-Hold-First-Latin-American-Investment-Forum-in-Uruguay\">International Renewable Energy Agency Investment Forum<\/a>, Uruguay.<\/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>FEBRUARY 2024<\/strong><\/p>\n<p>22-26 February (Thursday-Monday): Second conference on<a href=\"https:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\">Management and Sustainability of Water Resources<\/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><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>2050<\/strong><\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\">Tunisia\u2019s carbon neutrality target<\/a>.<\/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":76836,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-76835","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4348ce17-65de-49a7-8110-3cab971b84e4","teaser":"","photo_url":"https:\/\/ent.news\/2020\/5\/1446.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>Acwa Power receives USD 40 mn in financing from OPEC Fund for Uzbekistani wind farms - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/acwa-power-receives-usd-40-mn-in-financing-from-opec-fund-for-uzbekistani-wind-farms\/\" \/>\n<meta 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