{"id":77069,"date":"2023-04-26T03:40:24","date_gmt":"2023-04-26T03:40:24","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77069"},"modified":"2025-12-15T08:50:09","modified_gmt":"2025-12-15T08:50:09","slug":"ksas-acwa-power-receives-fresh-financing-for-projects-in-egypt-and-uzbekistan","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-acwa-power-receives-fresh-financing-for-projects-in-egypt-and-uzbekistan\/","title":{"rendered":"KSA\u2019s Acwa Power receives fresh financing for projects in Egypt and Uzbekistan"},"content":{"rendered":"<section id=\"77071\" 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=\"77071\">\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\/26\/today-saudi-arabias-acwa-power-secures-fresh-financing-for-egyptian-and-uzbekistani-renewables-projects\/\">\r\n                            TODAY: Saudi Arabia\u2019s Acwa Power secures fresh financing for Egyptian and Uzbekistani renewables projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/today-saudi-arabias-acwa-power-secures-fresh-financing-for-egyptian-and-uzbekistani-renewables-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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It\u2019s a busy morning on the climate front in our region, so let\u2019s dive right in.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>Saudi renewables giant Acwa Power received green loans totaling USD 123 mn from several multilateral lenders for its 200 MW solar farm in Egypt\u2019s Kom Ombo and secured a USD 174 mn green loan from Asia Development Bank to help finance its two 500 MW wind farms in Uzbekistan.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on this story and much more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Climate campaigners blockade HQ of<\/strong><strong> America\u2019s largest banks to lobby for an end to fossil fuel investments: <\/strong>Climate activists staged sit-ins in front of the headquarters of Citibank, Wells Fargo, Chase, and the Bank of America to demand stronger climate action from the financiers and call for an end to fossil fuel development a day before the lenders\u2019 annual shareholder meetings, which took place yesterday. Investment strategies for energy projects are typically rubber stamped during the annual meetings, and the campaigners\u2019 protests were aimed at nipping new fossil fuel investments in the bud before the banks greenlight new oil and gas projects. A <a href=\"https:\/\/www.bankingonclimatechaos.org\/\">report<\/a> released last week by Banking on Climate Chaos found that US banks extended credit lines totaling some USD 4.6 tn to finance the fossil fuel industry since 2016 alone.<\/p>\n<p><strong>The story snagged headlines yesterday: <\/strong><a href=\"https:\/\/www.reuters.com\/world\/us\/climate-activists-spray-protests-us-bank-offices-eve-annual-meetings-2023-04-24\/\">Reuters<\/a> | <a href=\"https:\/\/www.theguardian.com\/environment\/2023\/apr\/25\/climate-protest-citibank-banks-fossil-fuel-funding\">The Guardian<\/a>| <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2023-04-25\/the-climate-emergency-fund-is-quietly-financing-a-new-era-of-activism\">Bloomberg<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/climate-environment\/2023\/03\/21\/climate-banks-protest-fossil-fuels\/\">The Washington Post<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1- Oman\u2019s state-owned Hydrom expects to seal several <\/strong><strong>green hydrogen agreements worth USD bns over the next few months<\/strong>, <a href=\"https:\/\/www.meed.com\/oman-to-sign-multibillion-dollar-hydrogen-contracts\">Meed<\/a> reports, citing a source familiar with the plans. Last month, Hydrom inked <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40455595-d905-4d49-a583-ee97e18a20cb\">six binding term sheet agreements<\/a> worth USD 20 bn with a number of companies from Belgium, the Netherlands, the UK, Japan, Singapore, Germany, India, Kuwait, and the UAE.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>WATCH THIS SPACE #2- <\/strong><strong>Crossing fingers for green power from the North Sea? <\/strong>Seven EU nations \u2014 including France, Germany and the Netherlands \u2014 and non-EU countries Norway and the UK have signed a declaration aimed at expanding Europe\u2019s offshore wind capacity up to a combined 120 GW by 2030, the <a href=\"https:\/\/www.bmwk.de\/Redaktion\/DE\/Downloads\/Energie\/ostend-declaration-energy-ministers-north-seas-europes-green-power-plant.pdf?__blob=publicationFile&v=4\">declaration (pdf)<\/a>signed on Monday during the North Sea summit in Belgium showed. The Ostend Declaration sees the countries pledging to build wind farms rapidly, develop \u201cenergy islands,\u201d and work on carbon capture and renewable hydrogen projects in the region. The nine nations are seeking a combined North Sea offshore wind of 300 GW by 2050, a considerable increase from the current 25 GW. Among the planned projects is what would be the \u201cworld\u2019s largest of its kind\u201d power line between the Netherlands and Britain, according to a <a href=\"https:\/\/www.gov.uk\/government\/news\/worlds-largest-of-its-kind-power-line-to-deliver-clean-power-to-18m-uk-homes-and-boost-energy-security\">statement by the British government<\/a>. The <a href=\"https:\/\/www.gov.uk\/government\/news\/worlds-largest-of-its-kind-power-line-to-deliver-clean-power-to-18m-uk-homes-and-boost-energy-security\">LionLink interconnector<\/a> would, if completed, have the capacity to transfer 1.8 GW of electricity \u2014 enough to supply power to 1.8 mn homes once operational by the early 2030s. Europe is continuing its efforts to wean itself off Russian gas and slash the use of still-dominant CO2-emitting fossil fuels.<\/p>\n<p><strong>WATCH THIS SPACE #3-<\/strong> <strong>US solar tariffs could face veto from Biden: <\/strong>US President Joe Biden is threatening to veto congressional attempts to overturn tariff waivers on solar panels imported from Southeast Asia, according to a <a href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2023\/04\/HJRes-39-SAP.pdf\">White House statement<\/a> released on Monday. The White House said it \u201cstrongly opposes\u201d the resolution and would veto it if it passes. The veto threat comes months after Biden waived tariffs on solar panels coming from Cambodia, Malaysia, Thailand, and Vietnam \u201cto ensure that Americans have access to reliable, affordable, and clean electricity,\u201d according to the statement. However, the statement added that \u201cgiven the strong trends in the domestic solar industry, the President does not intend to extend the tariff suspension at the conclusion of the 24-month period in June 2024.\u201d<\/p>\n<p><strong>But why? <\/strong>Domestic manufacturers argue that the tariffs \u2014- which <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-24\/biden-threatens-to-veto-bill-to-lift-moratorium-on-solar-tariffs?leadSource=uverify%20wall\">Bloomberg<\/a> estimated could be as high as 254% \u2014- are necessary to compete with cheap panels made abroad. Chinese solar manufacturers were also believed to be evading the decade-old import duties after a <a href=\"https:\/\/rollcall.com\/2023\/04\/24\/biden-threatens-veto-on-measure-to-restore-solar-tariffs\/\">US Commerce Department investigation<\/a> found that the Chinese companies were directing their shipments through the four Asian nations before sending their goods to the US.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>WATCH THIS SPACE #4- Only 10 automobile <\/strong><strong>manufacturers could survive the intense competition in the global EV market over the next decade<\/strong>, <a href=\"https:\/\/www.heyxpeng.com\/\">Xpeng<\/a> Vice Chairman Brian Gu told the <a href=\"https:\/\/www.ft.com\/content\/852fd11c-46dc-4d14-8254-37aa360470f7\">Financial Times<\/a>. Chinese car makers need to have annual sales of at least 3 mn vehicles to be among the EV battle survivors, Gu told the salmon-colored paper. \u201cTo be in that \u20183 mn club\u2019 you cannot be a China-only player, you have to be a global player. We think in that scenario, maybe close to half your volume is coming from outside of China,\u201d he said. He sees a \u201cmuch more concentrated market\u201d over the next five to 10 years, forecasting the number of car makers to be less than ten at the global stage at the time.<\/p>\n<p><strong>Speaking of EVs:<\/strong> UK carmaker Jaguar Land Rover plans to pour GBP 15 bn in investments for electric vehicles over the next five years, CEO Adrian Mardell told the <a href=\"https:\/\/www.ft.com\/content\/0b6d287d-8266-46fa-b82b-b63ea61da5b1\">Financial Times<\/a> last week. JLR will double its investments and roll out seven new EVs, including a fully electric Range Rover in late 2024, Mardell said.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #5- <\/strong><strong>Xlinks <\/strong><strong>holding its second public consultation for planned <\/strong><strong>Morocco-UK subsea interconnector:<\/strong> UK-based renewables developer Xlinks \u2014 which is building a GBP 18 bn subsea powerline to transport 3.6 GW of clean energy from Morocco to the UK \u2014 kicked off the second round of public consultations for its 10.5 GW renewables project, according to a company <a href=\"https:\/\/xlinks.co\/devon-second-consultation-announcement\/\">statement<\/a> released last week. The company is currently looking to secure building permits to lay underground, high-voltage, direct-current cabling as well as an alternating current converter station in Devon, UK. The second consultation is set to wrap up on 31 May.<\/p>\n<p><strong>WATCH THIS SPACE #6- The first 150 MW phase of Iraq\u2019s interconnection project with Jordan will be launched at the beginning of June<\/strong>, Iraqi Electricity Ministry spokesman Ahmed Musa told the <a href=\"https:\/\/www.ina.iq\/183341--.html\">Iraqi News Agency<\/a> last week. Work is still ongoing on other interconnection projects, including one to the GCC electricity grid through a connection point in Kuwait, and another to Saudi Arabia, Musa said. Construction on a fourth link with Turkey is now fully complete, but the project has not yet been launched as Iraq\u2019s Electricity Ministry is yet to finalize the tariffs on transporting energy through the interconnection.<\/p>\n<p><strong>WATCH THIS SPACE #7- Spending on aviation infrastructure is necessary to <\/strong><strong>reach decarbonization goals<\/strong>, a <a href=\"https:\/\/www.weforum.org\/press\/2023\/04\/key-investment-in-airport-infrastructure-needed-now-to-meet-demand-for-hydrogen-and-electric-aircraft-by-2050\/\">new white paper from the World Economic Forum (WEF)<\/a> says. The aviation industry must make key investments in infrastructure if it hopes to reach its net-zero target by 2050, the paper said, explaining that hydrogen and electric aircraft will need 600-1.7k terawatt-hours (TWh) of clean energy by 2050. The estimated demand would require energy generated from 10-25 of the world\u2019s biggest wind farms, or from a solar farm that is \u201chalf the size of Belgium\u201d, the paper said. \u201cGiven that the share of aviation\u2019s global warming impact is set to rise significantly if action is not taken, the sector must consider all the options available for decarbonization. This includes preparing to use aircraft that are powered by carbonfree fuels at scale,\u201d said David Hyde, Aerospace Projects lead at WEF.<\/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>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\/4\/1052.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking <\/strong><strong>place on Monday, 15 May.<\/strong> The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes us a magnet for foreign direct investment (FDI).<\/p>\n<p><strong>Why exports & FDI?<\/strong> In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. <strong>Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/strong> <a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\">You can learn more on our conference website here<\/a>.<\/p>\n<p><strong>And what better place to discuss moving our goods than Egypt\u2019s original logistics zone \u2014 the Nile. <\/strong>That\u2019s why we\u2019re looking forward to holding the event by the river\u2019s vistas <strong>at the Four Seasons, Nile Plaza. <\/strong><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you?<\/strong> The Enterprise Exports and FDI Forum is taking place with the generous support of our friends, including:<\/p>\n<p><strong>Banking partners:<\/strong> Banque Misr | Al Baraka Bank | Emirates NBD | HSBC<\/p>\n<p><strong>Lead partners:<\/strong> DB Schenker | DP World | East Port Said Development | IDG | IFC | Madinat Masr<\/p>\n<p><strong>Event partners: <\/strong>Beyti | Concrete | Global Corp | Grant Thornton | Hassan Allam Utilities<\/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<p><strong>HAVEN\u2019T REQUESTED AN INVITE YET?<\/strong> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">fill out the form here<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Germany will host the <\/strong><strong><a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">first COP27 transitional committee workshop<\/a><\/strong><strong> next <\/strong><strong>Saturday and Sunday, 29-30 April<\/strong> in Bonn. The workshop will address climate-driven loss and damage impacts, will spotlight the findings of a report prepared by the UN on current funding arrangements for climate mitigation efforts, and bring together a host of international financial institutions to discuss pathways to upping funding capacity for climate-induced loss and damage.<\/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 UAE is hosting the <\/strong><strong><a href=\"https:\/\/moiat.gov.ae\/en\/uae-climate-tech\">UAE Climate Tech<\/a><\/strong><strong> forum on 10 and 11 May <\/strong>in Abu Dhabi. The event will gather over 1k policymakers, CEOs, experts, and investors to discuss collaboration on innovative technologies and economic opportunities in advancing decarbonization across all sectors.<\/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 next 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\/eu\/\">EU<\/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-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iraq\/\">Iraq<\/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\/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\/usa\/\">USA<\/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=\"77073\" 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=\"77074\" 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=\"77074\">\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\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ksas-acwa-power-lands-fresh-financing-for-projects-in-egypt-and-uzbekistan\/\">\r\n                            KSA\u2019s Acwa Power lands fresh financing for projects in Egypt and Uzbekistan                        <\/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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Power lands fresh financing for projects in Egypt and Uzbekistan\">\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=KSA%E2%80%99s+Acwa+Power+lands+fresh+financing+for+projects+in+Egypt+and+Uzbekistan+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Fksas-acwa-power-lands-fresh-financing-for-projects-in-egypt-and-uzbekistan%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\/26\/ksas-acwa-power-lands-fresh-financing-for-projects-in-egypt-and-uzbekistan\/\">\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=\"77075\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ksas-acwa-power-lands-fresh-financing-for-projects-in-egypt-and-uzbekistan\/791-jpg-3\/\" 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-77074\" class=\"content-area-description single-story post-77074 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-egypt tag-enterpriseclimate tag-green-finance tag-renewables tag-saudi-arabia tag-uzbekistan 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> Acwa Power secures green loans for Egyptian solar project: <\/strong>Saudi renewables giant Acwa Power received green loans totaling USD 123 mn from several multilateral lenders for its planned USD 165 mn 200 MW solar farm in Egypt\u2019s Kom Ombo, according to a company <a href=\"https:\/\/www.acwapower.com\/news\/acwa-powers-200mw-kom-ombo-solar-project-obtains-us123-million-financing-package\/\">statement<\/a>. The solar farm is expected to be commercially <a href=\"https:\/\/acwapower.com\/en\/projects\/kom-ombo-pv\/\">operational in 3Q 2024<\/a> and will power some 130k households in the country.<\/p>\n<p><strong>Who\u2019s pitching in? <\/strong>The financing includes USD 36 mn from the European Bank for Reconstruction and Development (EBRD), USD 14.6 mn from the OPEC Fund for International Development, and USD 24.4 mn from the African Development Bank (AfDB) \u2014 with USD 10 mn being funneled through its Sustainable Energy Fund for Africa. The United Nations\u2019 Green Climate Fund (GCF) will extend USD 34.5 mn in funding and the Arab Bank will contribute USD 14.8 mn for financing the project.<\/p>\n<p><strong>There are already funds in place: <\/strong>Acwa already secured bridge loans worth some USD 45 mn from Apicorp and USD 14 mn from the EBRD. The multilateral lenders had approved the financing package back in 2021, but supply chain disruptions as a result of the covid 19 pandemic have delayed disbursement of the funds, the statement notes. The company received a USD 3.6 mn technical assistance financing package co-funded by both GCF and EBRD in 2021.<\/p>\n<p><strong>FURTHER AFIELD- <\/strong>The renewables giant is set to receive a USD 174 mn green loan from the Asia Development Bank (ADB) to help finance its <a href=\"https:\/\/acwapower.com\/en\/projects\/dzhankeldy-wind-ipp\/\">500 MW Dzhankeldy Wind Farm<\/a> and <a href=\"https:\/\/acwapower.com\/en\/projects\/bash-wind-ipp\/\">500 MW Bash Wind Plant<\/a> in Uzbekistan, according to a <a href=\"https:\/\/www.adb.org\/news\/adb-and-acwa-power-sign-deal-two-utility-scale-wind-power-plants-uzbekistan-region-largest\">statement<\/a> released on Monday. The company secured two separate loans worth USD 20 mn each from the OPEC Fund for International Development <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/53f2cd9e-8323-47ef-b575-7a85d277ff13\">earlier this month<\/a> to finance the renewable energy plants.<\/p>\n<p><strong>The financing package: <\/strong>The multilateral development bank will extend a green loan worth USD 46.5 mn for Acwa\u2019s USD 658 mn Dzhankeldy wind plant, and another green credit line of USD 40.5 mn for the USD 690 mn 500 MW Bash Wind Farm in the Bukhara region of the country. ADB will also administer an equivalent financing package totaling USD 87 mn for both projects under the umbrella of its USD 1.5 bn Leading Asia\u2019s Private Infrastructure Fund, the statement notes. The credit line extended by the bank will partly be channeled toward the construction, operation, maintenance, and development of 282.5 km, 500 kilovolt power line connecting both farms to the country\u2019s electricity grid.<\/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\/egypt\/\">Egypt<\/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                            <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\/uzbekistan\/\">Uzbekistan<\/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=\"77076\" 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=\"77076\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/\">\r\n                            China\u2019s BTR will invest USD 1.2 bn in a EV battery components facility in Morocco                        <\/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\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/\" 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\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/')\">\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\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/\">\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=China\u2019s BTR will invest USD 1.2 bn in a EV battery components facility in Morocco&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/\">\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\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/&title=China\u2019s BTR will invest USD 1.2 bn in a EV battery components facility in Morocco\">\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=China%E2%80%99s+BTR+will+invest+USD+1.2+bn+in+a+EV+battery+components+facility+in+Morocco+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Fchinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco%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\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1037.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77077\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/chinas-btr-will-invest-usd-1-2-bn-in-a-ev-battery-components-facility-in-morocco\/1037-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1037.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1037.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1037.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1037.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77076\" class=\"content-area-description single-story post-77076 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-btr-new-material tag-electric-vehicles tag-enterpriseclimate tag-evs tag-morocco 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>Another W for Morocco\u2019s EV sector: <\/strong>Chinese EV battery components maker <a href=\"https:\/\/www.btrchina.com\/en\/\">BTR<\/a><a href=\"https:\/\/www.btrchina.com\/en\/\">New Material<\/a> will invest MAD 13 bn (USD 1.2 bn) to establish a production facility in Morocco per a signed MoU with the country\u2019s Investment Ministry and the Moroccan Agency for Investment and Export Development (AMDIE), <a href=\"https:\/\/bit.ly\/3L6I9E9\">Asharq Business<\/a> reported on Saturday, citing a ministry statement. No operational timeline was disclosed.<\/p>\n<p><strong>What we know: <\/strong>The Chinese company is a global leader in manufacturing cathode and anode materials for lithium-ion batteries, AMDIE General Manager Ali Seddiki said. This production is mainly directed to the US market, and specifically to Tesla. BTR New Material\u2019s Vice President described the investment as \u201cvery important\u201d for his group\u2019s integration into global markets. The two sides did not provide details on the facility\u2019s capacity, but they said it would provide 3k direct and 10k indirect jobs.<\/p>\n<p><strong>REMEMBER-<\/strong> Morocco \u2014 which is already a regional automotive powerhouse \u2014 has a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/761e8bf1-981e-4621-9635-89883897a9e5\">thriving<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/761e8bf1-981e-4621-9635-89883897a9e5\">EV assembly industry<\/a> with plans to make it even bigger. Several global manufacturers produce hundreds of thousands of EVs at assembly facilities in the country. Renault and Stellantis already operate EV assembly facilities producing 700k cars each year. Citroen also produces around 50k EV buses per year with plans to double that output in two years. Morocco is targeting the production of around 1 mn EVs in the next three to four years, according to statements by officials last year.<\/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\/btr-new-material\/\">BTR New Material<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/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\/morocco\/\">Morocco<\/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=\"77078\" 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=\"77078\">\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\">Ammonia<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/saudis-sabic-sends-first-green-ammonia-shipment-to-japan\/\">\r\n                            Saudi\u2019s Sabic sends first green ammonia shipment to Japan                        <\/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\/26\/saudis-sabic-sends-first-green-ammonia-shipment-to-japan\/\" 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 low-carbon green fuels \u2014 produced by the Saudi company using feedstock from KSA oil giant Aramco \u2014 were transported to Japanese offtaker Fuji Oil Company (FOC) via Tokyo-based transport company Mitsui OSK Lines, according to a <a href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2023\/low-carbon-ammonia-shipment\">statement<\/a> by Aramco.<\/p>\n<p><strong>The details: <\/strong>Though the value and amount of ammonia produced by Sabic sent to the Japanese company was not disclosed nor were the energy sources that fueled production, the green fuel is classified as \u201clow carbon\u201d given Sabic\u2019s sequestration of carbon generated from its ammonia manufacturing process, according to the newswire. The green fuels shipped to FOC\u2019s oil refinery in Chiba will be used for co-fired electricity generation, according to Reuters.<\/p>\n<p><strong>Not the first Saudi-Japanese green fuels pact:<\/strong> Saudi mining company Ma\u2019aden inked an MoU with Japanese industrial conglomerate Mitsui & Co to become the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae7ce2a6-4255-4f8c-9da1-c31f93e4e4c2\">first commercial supplier of blue ammonia to Japan<\/a> last month. Japanese trading and investment conglomerate Marubeni also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6e6da7a-76b2-4b7b-8e02-b4cfcfde0d3c\">signed an agreement<\/a> in March with Saudi Arabia\u2019s Public Investment Fund to jointly conduct a feasibility study for a green hydrogen production facility in KSA, noting it would export some of the green hydrogen to international markets. Marubeni is the largest developer in a consortium working on the USD 1 bn green ammonia SalalaH2 project in Oman, which will have a generational capacity of 1k tons per day once operational in 2028.<\/p>\n<p><strong>And feedstock provider Aramco has big export plans beyond this agreement:<\/strong> Aramco <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/352f89df-14cd-4a1e-aabd-bbac1fed17a9\">said<\/a> it will earmark \u201cmultiple bns of USD\u201d in a bid to establish itself as a major blue hydrogen exporter <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/909a2ca6-ec6c-4e78-a77f-380646c7fb18\">last November<\/a>. Company CTO Ahmad Al Khowaiter said export discussions with Japan and South Korea were the ones \u201cfarthest along\u201d with the company, which had sent test cargoes totaling 40 tons of blue ammonia to Japan <a href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2020\/first-blue-ammonia-shipment\">in 2020<\/a>.<\/p>\n<p><strong>REMEMBER- <\/strong>Japan <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/50c3b180-49d5-4e92-8fbf-616f414b4e83\">said earlier this month<\/a> it would revise its hydrogen strategy to 12 mn tons by 2040, investing upwards of USD 113 to shore up its supplies of the low-carbon fuels. Japan wants to hike its ammonia demand to 3 mn tons by the end of the decade, Reuters 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\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-ammonia\/\">GREEN AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sabic\/\">Sabic<\/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=\"77080\" 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=\"77080\">\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 HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/china-inks-agreement-with-moroccos-gaia-energy-and-saudi-arabias-ajlan-bros-to-build-a-moroccan-green-hydrogen-plant\/\">\r\n                            China inks agreement with Morocco\u2019s Gaia Energy and Saudi Arabia\u2019s Ajlan &#038; Bros to build a Moroccan green hydrogen plant                        <\/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\/26\/china-inks-agreement-with-moroccos-gaia-energy-and-saudi-arabias-ajlan-bros-to-build-a-moroccan-green-hydrogen-plant\/\" 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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Bros to build a Moroccan green hydrogen plant\">\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=China+inks+agreement+with+Morocco%E2%80%99s+Gaia+Energy+and+Saudi+Arabia%E2%80%99s+Ajlan+%26%23038%3B+Bros+to+build+a+Moroccan+green+hydrogen+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Fchina-inks-agreement-with-moroccos-gaia-energy-and-saudi-arabias-ajlan-bros-to-build-a-moroccan-green-hydrogen-plant%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\/26\/china-inks-agreement-with-moroccos-gaia-energy-and-saudi-arabias-ajlan-bros-to-build-a-moroccan-green-hydrogen-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77081\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/china-inks-agreement-with-moroccos-gaia-energy-and-saudi-arabias-ajlan-bros-to-build-a-moroccan-green-hydrogen-plant\/253-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77080\" class=\"content-area-description single-story post-77080 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-ajlan-bros tag-china tag-china-energy-engineering-corporation tag-enterpriseclimate tag-gaia-energy tag-green-hydrogen tag-morocco 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>A new green hydrogen plant in Morocco?<\/strong> Chinese state-owned energy firm China Energy Engineering Corporation inked a non-binding agreement with Morocco\u2019s Gaia Energy and Saudi Arabia\u2019s Ajlan & Bros to jointly build a green hydrogen production facility in Morocco, <a href=\"https:\/\/www.moroccoworldnews.com\/2023\/04\/355105\/morocco-partners-with-chinese-contractor-on-green-hydrogen-project\">Morocco World News<\/a> reported on Friday. No financial details or a timeline were disclosed.<\/p>\n<p><strong>The details: <\/strong>The plant will produce 1.4 mn tons of ammonia yearly from some 320k tons of green hydrogen and will be powered by a 2 GW solar energy farm and a 4 GW wind power plant, according to the news outlet. The ammonia produced will be partially earmarked for the Moroccan market, with a chunk of the production quota allocated for export to Europe.<\/p>\n<p><strong>China has been lining up green hydrogen agreements in our neck of the woods:<\/strong> China International Energy Group was in talks with Egypt over the possibility of establishing a USD 5-8 bn green hydrogen production plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10fb5a3b-950a-4002-82f5-4ec8c764211a\">last month<\/a>. China Energy CEO Yee Jianming <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10fb5a3b-950a-4002-82f5-4ec8c764211a\">said<\/a> his company could begin working on another planned USD 5.1 bn green hydrogen facility in Egypt as early as May this year.<\/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\/ajlan-bros\/\">Ajlan &amp; Bros<\/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\/china-energy-engineering-corporation\/\">China Energy Engineering Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gaia-energy\/\">Gaia Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/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=\"77082\" 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=\"77082\">\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\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/\">\r\n                            The UN\u2019s Green Climate Fund gets USD 1 bn in funds from 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 class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The UN\u2019s Green Climate Fund gets USD 1 bn in funds from the US&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/&title=The UN\u2019s Green Climate Fund gets USD 1 bn in funds from the US\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+UN%E2%80%99s+Green+Climate+Fund+gets+USD+1+bn+in+funds+from+the+US+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Fthe-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1059.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77083\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/the-uns-green-climate-fund-gets-usd-1-bn-in-funds-from-the-us\/1059-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1059.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1059.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1059.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1059.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77082\" class=\"content-area-description single-story post-77082 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-carbon-storage tag-climate-diplomacy tag-egypt tag-enterpriseclimate tag-green-finance tag-saudi-arabia tag-uae tag-un tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>US gives UN\u2019s Green Climate Fund a big boost:<\/strong> The US will contribute USD 1 bn to the UN\u2019s Green Climate Fund (GCF) in an effort to help countries reach their climate targets, US President Joe Biden said at the Major Economies Forum on Energy and Climate (MEF) on Thursday, according to a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/04\/21\/chairs-summary-of-the-major-economies-forum-on-energy-and-climate-held-by-president-joe-biden-2\/\">statement<\/a>. The MENA region has been a major recipient of the GCF through its Green Economy Financing Facility (GEFF), making the development a potential gateway to more financial support for its climate projects.<\/p>\n<p><strong>What was discussed?<\/strong> 19 crucial economies \u2014 including Egypt, Saudi Arabia, and the UAE \u2014 participated in the meeting to discuss and put forth joint efforts on decarbonizing energy, ending deforestation, reducing non-CO2 emissions, and advancing carbon management. The MEF countries together account for roughly 80% of GDP and global greenhouse gas emissions, according to the <a href=\"https:\/\/sdg.iisd.org\/news\/major-economies-announce-global-methane-pledge-energy-pathway\/\">International Institute for Sustainable Development<\/a>.<\/p>\n<p><strong>Joint collaboration on carbon capture in the works: <\/strong>Australia, Canada, Egypt, the EU, Japan, Saudi Arabia, the UAE, Norway, Denmark, and the US will work together ahead of COP28 to present concrete announcements for the acceleration, development, and deployment of carbon capture, utilization, and storage technologies (CCUS). The group will also look into the implementation of carbon dioxide removal (CDR) technologies.<\/p>\n<p><strong>And earmarked funds for the Amazon Rainforest: <\/strong>The US will put USD 500 mn over five years towards the Amazon Fund and other related activities to support Brazil\u2019s efforts to end deforestation by 2030, Biden announced, adding that the US is also looking to invest an additional USD 1 bn in partnership with private parties towards protecting the forest.<\/p>\n<p><strong>The role of multilateral banks in financing climate projects was at the forefront of <\/strong><strong>discussions: <\/strong>Argentina, Australia, Canada, Egypt, the EU, France, Germany, Italy, Japan, Korea, the UAE, the UK, and the US expressed support for a strengthened effort to fully leverage multilateral development banks in addressing climate change by creating the right incentive structures, improving their operational approaches, and increasing their financial capacity.<\/p>\n<p><strong>And increased global cooperation on decarbonizing shipping: <\/strong>Some MEF participants supported the adoption of the 1.5\u00b0C-aligned goals for the shipping sector to be presented next July at the International Maritime Organization, as well as a collective zero-emissions vehicles goal to have 50% of light-duty vehicles and at least 30% of medium and heavy-duty vehicles powered by carbon neutral e-fuels by 2030.<\/p>\n<p><strong>A final stark warning: <\/strong>UN Secretary General Antonio Guterres said that the lack of effective policies by the richest and most polluting nations is a \u201cdeath sentence\u201d and will be the reason the world is likely to get \u201c2.8\u00b0C hotter by the end of the century\u201d <a href=\"https:\/\/news.un.org\/en\/story\/2023\/04\/1135862\">in his speech<\/a> at the forum.<\/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-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/egypt\/\">Egypt<\/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\/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\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77084\" 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=\"77084\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/uaes-tabreed-appoints-new-chief-legal-counsel-and-chief-development-officer\/\">\r\n                            UAE\u2019s Tabreed appoints new chief legal counsel and chief development officer                        <\/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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Tabreed appoints new chief legal counsel and chief development officer\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+Tabreed+appoints+new+chief+legal+counsel+and+chief+development+officer+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Fuaes-tabreed-appoints-new-chief-legal-counsel-and-chief-development-officer%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\/26\/uaes-tabreed-appoints-new-chief-legal-counsel-and-chief-development-officer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77085\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/uaes-tabreed-appoints-new-chief-legal-counsel-and-chief-development-officer\/2743-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2743.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77084\" class=\"content-area-description single-story post-77084 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseclimate tag-moves tag-tabreed tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Fresh appointments at Tabreed:<\/strong> The UAE\u2019s National Central Cooling Company (Tabreed) has appointed Nadia Bardawil (<a href=\"https:\/\/www.linkedin.com\/in\/nadia-bardawil-b167115\/?originalSubdomain=ae\">LinkedIn<\/a>) as its new chief legal counsel and Philippe Coquelle (<a href=\"https:\/\/www.linkedin.com\/in\/philippe-coquelle-aa83b368\/?originalSubdomain=fr\">LinkedIn<\/a>) as chief development officer, according to a <a href=\"https:\/\/feeds.dfm.ae\/documents\/\/2023\/Apr\/25\/62c9ce9d-317f-467a-99d4-754e97dd7dc4\/TABREED_PR_EN_APPOINTMENTS_25_04_2023.pdf\">disclosure (pdf)<\/a> to DFM. Bardawil, the first woman member of the company\u2019s executive management team, served last as a senior legal advisor for UAE investments platform Mubadala. She has over 15 years of experience in the development and financing of energy and infrastructure projects regionally and in Europe. Coquelle is joining Tabreed from France\u2019s Engie, where he held several positions in the group. His last role was corporate M&A director at Engie\u2019s headquarters in Paris.<\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tabreed\/\">Tabreed<\/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=\"77086\" 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=\"77086\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/\">\r\n                            Floating wind farms set to compete with land installations by 2035                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Floating wind farms set to compete with land installations by 2035&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/&title=Floating wind farms set to compete with land installations by 2035\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Floating+wind+farms+set+to+compete+with+land+installations+by+2035+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Ffloating-wind-farms-set-to-compete-with-land-installations-by-2035%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77087\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/floating-wind-farms-set-to-compete-with-land-installations-by-2035\/828-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77086\" class=\"content-area-description single-story post-77086 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Can floating wind farm developments become cost competitive?<\/strong> Continued inflation and shortages in key components needed for manufacturing floating wind farms may be resolved as the cost for floating wind is predicted to fall nearer to fixed wind installations by 2035, <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/floating-wind-power-gains-traction-can-it-set-sail-2023-04-24\/\">Reuters<\/a> reports. The average levelized cost of energy (LCOE) \u2014 which compares the lifetime cost of building and running a power plant to its lifetime output \u2014 for floating wind installations was about EUR 250 per MWh in 2020 against around EUR 50 per MWh for land wind turbines, according to the newswire reports, but the figure for floating wind is expected to fall to around EUR 60 MWh by 2035 as the technology industrializes and competes with land installations.<\/p>\n<p><strong>Major potential as countries compete for space: <\/strong>About 80% of the world\u2019s offshore wind power potential lies in waters deeper than 60 meters, making floating turbines a necessity for countries with limited land space, the newswire reports, citing the Global Wind Energy Council. Some experts remain concerned that climate incentives in the US and increased demand in renewables may <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c3e4c31-71aa-463b-8a66-12636e10e0d7\">squeeze the bottlenecks<\/a> for turbines and wind components further, while others see that there is enough time to find solutions to those problems given that most commercial-scale floating wind farms are only expected to become operational from 2030. Large offshore wind projects by Shell and Equinor were delayed or dropped last year due to the lack of availability of the needed components.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Food waste in the US<\/strong> <strong>increased by 4.8%<\/strong> in 2021 compared to 2016 levels, generating <strong>372 mn metric tons of CO2<\/strong>, equivalent to <strong>6% of the US\u2019 total emissions<\/strong>. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-20\/the-us-has-a-food-waste-problem-and-it-s-getting-worse\">Bloomberg<\/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\/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\/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=\"77088\" 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=\"77088\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/\">\r\n                            UAE\u2019s Terrax imports tech to turn landfill waste into plywood + UAE\u2019s Lootah is taking its biofuel production overseas                        <\/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\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/\" 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\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/')\">\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\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s Terrax imports tech to turn landfill waste into plywood + UAE\u2019s Lootah is taking its biofuel production overseas&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/\">\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\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/&title=UAE\u2019s Terrax imports tech to turn landfill waste into plywood + UAE\u2019s Lootah is taking its biofuel production overseas\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+Terrax+imports+tech+to+turn+landfill+waste+into+plywood+%2B+UAE%E2%80%99s+Lootah+is+taking+its+biofuel+production+overseas+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F26%2Fuaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas%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\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1060.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77089\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/uaes-terrax-imports-tech-to-turn-landfill-waste-into-plywood-uaes-lootah-is-taking-its-biofuel-production-overseas\/1060-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1060.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1060.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1060.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1060.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77088\" class=\"content-area-description single-story post-77088 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-biofuels tag-brazil tag-enterpriseclimate tag-uae tag-waste-management 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 Terrax is importing a new technology from Brazil to recycle waste into <\/strong><strong>plywood materials in a bid to support sustainable construction<\/strong>, <a href=\"https:\/\/www.thenationalnews.com\/uae\/2023\/04\/23\/abu-dhabi-company-to-turn-uaes-landfill-waste-into-plywood-replacement\/\">the National<\/a> reported on Sunday. The new tech will allow unwashed and unsegregated waste to be transformed into any product, the outlet notes, including decking boards, formwork, shuttering, pergolas, and cladding for houses. The company is expecting the machinery to arrive in September and is working with UAE-based waste management companies to source waste. Recycling waste to produce plywood reduces deforestation, as well as air and water pollution, given that their production is energy intensive and the material is used only 6-12x before it ends up in landfills, Terrax founders tell the National.<\/p>\n<p><strong>Lootah Biofuels is going overseas:<\/strong> Dubai-based <a href=\"https:\/\/www.lootahbiofuels.com\/\">Lootah Biofuels<\/a> has signed an agreement with Maldives state-owned utility provider <a href=\"https:\/\/fenaka.mv\/\">Fenaka Corporation<\/a> to establish the company\u2019s first biofuel production plant from waste cooking oil overseas, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lootah-biofuels-signs-agreement-to-establish-first-biofuel-plant-outside-uae-gzlwxruk\">press release<\/a>. The statement did not provide details on the planned production plant\u2019s capacity, investments being poured into the project, or timeline. The signing came during a visit by a delegation from Lootah Biofuels to the Maldives upon an invitation by the government to \u201cdiscuss [potential] for cooperation and benefit from the company's expertise in biofuel production.\u201d<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Morocco\u2019s Mohammed VI Polytechnic University<\/strong> and oil giant <strong>Shell<\/strong> have signed an agreement to study the availability of <strong>waste feedstocks<\/strong> to be used for the production of <strong>low carbon fuels<\/strong> including <strong>sustainable aviation fuel<\/strong>. (<a href=\"https:\/\/www.moroccoworldnews.com\/2023\/04\/355034\/um6p-shell-sign-mou-on-opportunity-identification-for-low-carbon-fuels\">Morocco World News<\/a>)<\/li>\n<li><strong>Oman Power and Water Procurement Company<\/strong> and solid waste management firm <strong>Oman Environmental Service Holding Company (Be\u2019ah)<\/strong> have completed the technical and economic feasibility studies to establish a <strong>waste-to-energy plant<\/strong>. (<a href=\"https:\/\/www.muscatdaily.com\/2023\/04\/19\/new-waste-to-energy-plant-to-come-up-in-oman\/\">Muscat Daily<\/a>)<\/li>\n<li><strong>UAE\u2019s MBM Holding <\/strong>signed a MoU with Canadian investment company <strong>Portland Holdings<\/strong> to collaborate in <strong>clean energy<\/strong> and <strong>healthcare<\/strong>. (<a href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/04\/17\/2648379\/0\/en\/Portland-Holdings-Investco-Limited-and-MBM-Holding-of-Dubai-sign-an-MOU-to-collaborate-on-healthcare-and-clean-energy-sectors-of-national-importance-to-the-United-Arab-Emirates-and.html\">Statement<\/a>)<\/li>\n<li>Dutch-based chemical producer <strong>OCI Global<\/strong> and UK-based oilfield services provider <strong>Petrofac <\/strong>have entered into an <strong>exclusive agreement<\/strong> to design and deliver OCI\u2019s gasification-based <strong>green methanol projects<\/strong>. (<a href=\"https:\/\/www.petrofac.com\/media\/news\/oci-global-and-petrofac-announce-exclusive-partnership-for-gasification-based-green-methanol-programme\/\">Statement<\/a>)<\/li>\n<li><strong>Morocco<\/strong> needs to scale up <strong>climate spending by USD 2.6 bn<\/strong> annually by 2030 to ensure a <strong>sustainable energy transition<\/strong>. (<a href=\"https:\/\/openknowledge.worldbank.org\/server\/api\/core\/bitstreams\/a7c096b2-1234-42eb-9d9a-7e185370c59f\/content\">World Bank, pdf<\/a>)<\/li>\n<li><strong>Egypt\u2019s Environment Ministry<\/strong> is setting up a <strong>Global Environment Facility<\/strong> (GEF) focused fund for <strong>biological diversity<\/strong>. (<a href=\"https:\/\/bit.ly\/3oFExSb\">Statement<\/a>)<\/li>\n<li><strong>UAE\u2019s Climate Change and Environment<\/strong> has launched a program to monitor <strong>plastic waste<\/strong> in the country\u2019s <strong>coasts and marine ecosystems<\/strong>. (<a href=\"http:\/\/wam.ae\/en\/details\/1395303149611\">Wam<\/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\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/brazil\/\">Brazil<\/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\/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=\"77090\" 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=\"77090\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ebrd-is-helping-finance-albanias-largest-solar-plant-swedens-h2-green-steel-is-fundraising-for-zero-carbon-steel-plants-and-australia-is-lining-up-a-green-bond-framework\/\">\r\n                            EBRD is helping finance Albania\u2019s largest solar plant, Sweden\u2019s H2 Green Steel is fundraising for zero carbon steel plants, and Australia is lining up a green bond framework                        <\/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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  <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ebrd-is-helping-finance-albanias-largest-solar-plant-swedens-h2-green-steel-is-fundraising-for-zero-carbon-steel-plants-and-australia-is-lining-up-a-green-bond-framework\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1061.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77091\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ebrd-is-helping-finance-albanias-largest-solar-plant-swedens-h2-green-steel-is-fundraising-for-zero-carbon-steel-plants-and-australia-is-lining-up-a-green-bond-framework\/1061-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1061.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1061.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1061.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1061.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77090\" class=\"content-area-description single-story post-77090 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-albania tag-around-the-world tag-australia tag-ebrd tag-enterpriseclimate tag-green-bonds tag-green-steel tag-renewables tag-sweden 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>EBRD helps finance Albanian solar power: <\/strong>The European Bank for Reconstruction and Development (EBRD) will lead the financing of Albania\u2019s 140 MW Karavasta solar plant \u2014 set to be the largest in the country, according to a <a href=\"https:\/\/www.ebrd.com\/news\/2023\/ebrd-leads-on-financing-for-landmark-solar-plant-in-albania.html\">statement<\/a> released on Monday. The EBRD is anchoring the project\u2019s EUR 99 mn financing structure and will lend EUR 29 mn to an Albanian special-purpose vehicle owned by France\u2019s Voltalia to finance the EUR 135 mn project. The project is co-financed by the International Finance Corporation, Intesa Sanpaolo Bank Albania, Privredna Banka Zagreb, and by Voltalia\u2019s own resources.<\/p>\n<p><strong>Swedish startup H2 Green Steel is seeking EUR 1.5 bn in fundraising to build <\/strong><strong>zero-carbon steel plants<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/e9f2fc05-87ed-4ece-bce4-ca79e0e4b21c\">Financial Times<\/a> reported on Monday, citing people familiar with the matter. If it proceeds, the equity round by H2GS would be among the largest of its kind in Europe this year amid volatile market conditions. The startup \u2014 which is backed by Mercedes, Scania, and the Maersk family, among others \u2014 is in early stages for the funding and is working with Morgan Stanley advisors for the equity funding, it said. H2GS has started the final part of its financing strategy to raise over EUR 5 bn, including EUR 3.5 bn in debt. \u201cWe are now in an equity process. We are working on that in parallel with the continuing process on the debt side. It is for in excess of EUR 1.5 bn,\u201d H2GS said.<\/p>\n<p><strong>Australia plans to begin drafting a green bond framework in the runup to <\/strong><strong>launching a green financing program in mid 2024<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-21\/australia-plans-green-bond-in-2024-in-climate-finance-reversal?leadSource=uverify%20wall\">Bloomberg<\/a> reported on Friday. The nation, which is seeking to end its reputation as a climate straggler, is one of world\u2019s largest per-capita polluters. The framework aims to help Australia\u2019s goal of net zero emissions by 2050 through increasing clean-energy infrastructure investments. \u201cOur Sovereign Green Bonds program will attract more green capital to Australia, by increasing transparency around climate outcomes and the scale of green investments available,\u201d he said.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Chile\u2019s <\/strong>move to nationalize its<strong> lithium industry <\/strong>could spell trouble for <strong>global <\/strong><strong>car manufacturers<\/strong> facing a supply crunch in <strong>EV battery components<\/strong>. (<a href=\"https:\/\/www.reuters.com\/markets\/commodities\/chiles-lithium-move-further-push-automakers-diversify-supply-chain-2023-04-24\/\">Reuters<\/a>)<\/li>\n<li><strong>Singapore\u2019s Keppel Infrastructure<\/strong> signed an MoU with <strong>ExxonMobil Asia <\/strong><strong>Pacific<\/strong> to develop <strong>low-carbon hydrogen and ammonia<\/strong> for commercial and industrial use in Singapore. (<a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/keppel-exxonmobil-explore-low-carbon-ammonia-solutions-singapore-2023-04-20\/\">Reuters<\/a>)<\/li>\n<li><strong>The UK\u2019s largest solar and battery storage plant <\/strong>broke ground on Monday. The 350 MW plant is forecasted to power 100k homes per year. (<a href=\"https:\/\/www.ft.com\/content\/037545f3-0f8f-4326-92cf-3a52fd910624\">Financial Times<\/a>)<\/li>\n<li><strong>General Motors<\/strong> and <strong>Samsung SDI<\/strong> \u2014 the battery manufacturing arm of South Korean tech giant Samsung \u2014 will <strong>invest USD 3 bn <\/strong>to jointly build a battery manufacturing plant <strong>in the US<\/strong>. (<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/gm-samsung-sdi-plan-build-new-us-battery-plant-sources-2023-04-24\/\">Reuters<\/a>)<\/li>\n<li><strong>Germany <\/strong>and <strong>Denmark <\/strong>inked an agreement to jointly build a land-based, cross-border <strong>green hydrogen pipeline by 2028<\/strong>. (<a href=\"https:\/\/www.reuters.com\/article\/germany-denmark-hydrogen-idUSL8N35W1N7\">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\/albania\/\">Albania<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sweden\/\">Sweden<\/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=\"77092\" 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\/26\/77092\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77092\" class=\"content-area-description single-story post-77092 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>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>3-4 May (Wednesday-Thursday): <a href=\"https:\/\/www.cerege.fr\/en\/agenda\/13th-edition-of-the-round-tables-of-larbois-and-the-mediterranean\/#:~:text=The%2013th%20edition%20of%20the,Free%20event.\">13th Arbois and Mediterranean Round Tables<\/a>, Marseille, France.<\/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>10-11 May (Wednesday-Thursday): <a href=\"https:\/\/moiat.gov.ae\/en\/uae-climate-tech\">UAE Climate Tech<\/a>, Abu Dhabi, UAE.<\/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>19-21 May (Friday-Sunday): <a href=\"https:\/\/sdg.iisd.org\/events\/g7-hiroshima-summit-2023\/\">G7 Hiroshima Summit<\/a>, Hiroshima, Japan.<\/p>\n<p>22-24 May (Monday-Wednesday): <a href=\"https:\/\/ieeepesoman.com\/\">IEEE Power and Energy Forum<\/a>, Muscat, Oman.<\/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>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.ccusforum.com\/\">CCUS Forum<\/a>, Doha, Qatar.<\/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>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/event.businessfrance.fr\/vision-golfe-en\/\">Vision Golfe 2023<\/a>, French Ministry of the Economy, Finance and Industrial and Digital Sovereignty, Paris, France.<\/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\">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): <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":77070,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77069","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fe7083bd-25d8-42d5-9e58-f05dafc558b0","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/553.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>KSA\u2019s Acwa Power receives fresh financing for projects in Egypt and Uzbekistan - 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\/ksas-acwa-power-receives-fresh-financing-for-projects-in-egypt-and-uzbekistan\/\" \/>\n<meta property=\"og:locale\" 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