{"id":77523,"date":"2023-05-22T01:02:26","date_gmt":"2023-05-22T01:02:26","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77523"},"modified":"2025-12-15T08:58:24","modified_gmt":"2025-12-15T08:58:24","slug":"ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/","title":{"rendered":"KSA\u2019s Badeel, Acwa Power set to build three solar plants worth some USD 3 bn"},"content":{"rendered":"<section id=\"77525\" 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=\"77525\">\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\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\">\r\n                            TODAY: KSA\u2019s Badeel, Acwa Power set to build three solar plants worth some USD 3 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: KSA\u2019s Badeel, Acwa Power set to build three solar plants worth some USD 3 bn&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/&title=TODAY: KSA\u2019s Badeel, Acwa Power set to build three solar plants worth some USD 3 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+KSA%E2%80%99s+Badeel%2C+Acwa+Power+set+to+build+three+solar+plants+worth+some+USD+3+bn+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Ftoday-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/3638.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77526\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/today-ksas-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/3638-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/3638.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3638.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/3638.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/3638.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77525\" class=\"content-area-description single-story post-77525 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt tag-enterpriseclimate tag-eu tag-green-hydrogen tag-nuclear-energy tag-oman tag-saudi-arabia tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends and welcome to the busiest start to the week we\u2019ve seen this year.<\/strong> We have a bumper issue to dive into covering every climate angle under the sun. Let\u2019s go.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>KSA\u2019s Badeel and Acwa Power signed power purchase agreements with the Saudi Power Procurement Company to develop and operate three solar energy projects worth some USD 3 bn with a 4.5 GW cumulative generation capacity.<\/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>HAPPENING TODAY- <\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/ieeepesoman.com\/\">Power and Energy Conference<\/a><\/strong><strong> is kicking off in Muscat, Oman <\/strong><strong>today and running until Thursday.<\/strong> The event will bring together local and global industry leaders to discuss global energy market policy updates, future demand and growth projections in the sector, integration and power grid obstacles, and growth potential associated with renewables and EV deployments.<\/p>\n<p><strong>The African Development Bank Group (AfDB) will kick off its <\/strong><strong><a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/events\/annual-meetings-boards-governors-african-development-bank-group-22-26-may-2023-60050#:~:text=The%2058th%20Annual%20Meetings%20of,22%20to%2026%20May%202023.\">annual meeting of<\/a><\/strong><strong><a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/events\/annual-meetings-boards-governors-african-development-bank-group-22-26-may-2023-60050#:~:text=The%2058th%20Annual%20Meetings%20of,22%20to%2026%20May%202023.\">the board of governors<\/a><\/strong><strong> in Sharm El Sheikh, Egypt today which will run until Friday<\/strong>. The city will also host the Meetings of the Board of Governors of the African Development Fund during the same period. This year\u2019s event, held under the theme Mobilizing Private Sector Financing for Climate and Green Growth in Africa, aims to provide a framework for spurring private financing domestically and globally and utilizing natural capital to help bridge the climate financing gap and promote green growth transition in Africa.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The G7\u2019s climate-focused <\/strong><strong>announcements during their three-day summit in Hiroshima<\/strong> snagged headlines over the weekend. The group \u2014 while reaffirming its \u201cunwavering support to the Paris Agreement\u201d and saying it would work on adopting trade policies aimed at upping global net-zero investments \u2014 did not explicitly commit to its <a href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/energy-transition\/052722-g7-nations-agree-to-decarbonize-power-sectors-by-2035\">2022 pledge<\/a> of fully decarbonizing its power sectors by 2035. <strong>We have all the details in the news well, below.<\/strong><\/p>\n<p><strong>The story made the rounds in the international press over the weekend:<\/strong> <a href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/energy-transition\/052722-g7-nations-agree-to-decarbonize-power-sectors-by-2035\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/18ae7257-dd02-4965-9de9-faec5e339be2\">Financial Times<\/a> | <a href=\"https:\/\/www.nytimes.com\/2023\/05\/20\/world\/asia\/climate-fossil-fuels-g7.html\">The New York Times<\/a> | <a href=\"https:\/\/apnews.com\/article\/g7-japan-g20-china-india-outreach-8bef2c6777040b5df1c5abb9305e7a23\">Associated Press<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-11\"><\/a> <strong>WATCH THIS SPACE<\/strong><strong> #1- Egypt\u2019s green hydrogen projects could be moving <\/strong><strong>towards implementation: <\/strong>The government plans to sign two agreements to establish green hydrogen projects by the end of June, a source in the Electricity Ministry told Enterprise Climate, confirming a report by <a href=\"https:\/\/www.alborsaanews.com\/2023\/05\/20\/1669099\">Al Borsa<\/a> on Saturday on the planned agreements. The agreements are set to be signed with two unnamed consortiums that have previously signed MoUs on planned green hydrogen projects in the country. Our source said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e9bb488d-340c-4d8e-a6cf-a17792457994\">recent incentives<\/a> approved by the government for the green hydrogen industry have stimulated involved firms to address the government to activate signed MoUs to begin implementing the planned projects. The source expects two to three others agreements activating previous MoUs for green hydrogen production to also be signed before the end of the year.<\/p>\n<p><strong>REMEMBER-<\/strong> The Egyptian government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f2251cd-82db-4ba9-9ef9-b1287b0bef1f\">signed several framework agreements<\/a> during COP27 with foreign companies to construct several green hydrogen and ammonia facilities in the Suez Canal Economic Zone. The facilities would cost a combined USD 83 bn and would collectively produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year when fully operational.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- France is still holding out for nuclear power:<\/strong> France is currently in talks with the EU\u2019s presidency to reach an agreement over the stalled Renewable Energy Directive \u2014 the common framework for the development of energy from renewable sources in the bloc \u2014 by the end of June, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-18\/france-in-talks-to-reach-deal-on-eu-renewables-law-by-end-june\">Bloomberg<\/a> reported on Thursday, citing a source with knowledge of the matter. The legislation has faced snags after France opposed the law on grounds that it wanted more clarity on how nuclear power would be treated. France is now negotiating with Sweden \u2014 which holds the six-month rotating Council presidency \u2014 the European Commission, and other member states to reach an agreement, the source said. They will have until the end of June to settle differences and seal an agreement under the current presidency.<\/p>\n<p><strong>WATCH THIS SPACE #3- Engie aims for big hydrogen projects in the Gulf:<\/strong> French energy group Engie is seeking new hydrogen projects in Saudi Arabia, the UAE, and Oman as it seeks to reach 4 GW of hydrogen capacity globally by 2030, Stephan Gobert, the group\u2019s senior VP of hydrogen for Asia, the Middle East, and Africa told <a href=\"https:\/\/www.thenationalnews.com\/climate\/road-to-net-zero\/2023\/05\/18\/engie-seeks-new-hydrogen-projects-in-the-uae-saudi-arabia-and-oman\/\">The National<\/a> last week. \u201cThe Middle East region and specifically the GCC is offering great potential \u2026 that's why we established the strategic alliance with Masdar and are studying a project at the moment in Ruwais for Fertiglobe,\u201d he said, without providing further details on the proposed project. \u201cWe hope to close the financial decision by the end of this year,\u201d he added.<\/p>\n<p><strong>We knew something of the sort was in the works: <\/strong>Gobert\u2019s statements come <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93d9290a-3a1f-4330-9cf5-9459418894c3\">nearly a week<\/a>after Fertiglobe CEO Ahmed El Hoshy said that a consortium of Fertiglobe, UAE renewables player Masdar, and Engie was considering a 100-200 MW green hydrogen project in Abu Dhabi. The potential cooperation comes a year after the three renewables players <a href=\"https:\/\/oci-global.com\/news-stories\/press-releases\/fertiglobe-announces-collaboration-agreement-with-masdar-and-engie-to-co-develop-green-hydrogen-for-ammonia-production\/\">signed an agreement<\/a> to study co-developing a \u201cglobally cost-competitive\u201d 200 MW green hydrogen facility in the UAE to back the production of green ammonia. They plan to have the facility operational in 2025, with Fertiglobe serving as the <a href=\"https:\/\/oci-global.com\/news-stories\/press-releases\/fertiglobe-announces-collaboration-agreement-with-masdar-and-engie-to-co-develop-green-hydrogen-for-ammonia-production\/\">sole long term off-taker<\/a>.<\/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 by 5am 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>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Germany will host the <\/strong><strong><a href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/Notification_LD_TC2_NGO_observers.pdf\">second meeting of the COP27 Transitional Committee<\/a><\/strong><strong> from Thursday, 25 May to Saturday, 27 May<\/strong> in Bonn. The meeting will build on the loss and damage fund established during COP27 with the aim of establishing institutional mechanisms and governance structures for financing, and will bring together a host of international financial institutions to discuss pathways to increasing funding capacity for climate vulnerable countries.<\/p>\n<p><strong>The UAE will host the <\/strong><strong><a href=\"https:\/\/www.evinnovationsummit.com\/about#conference\">Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 29 May to Wednesday, 31 May<\/strong> in Abu Dhabi. The conference will bring together state representatives, industry players from the EV sector, as well as engineers and researchers to discuss policy trends and tech innovations in the industry and provide attendees with networking opportunities across value chains.<\/p>\n<p><strong>Qatar will host the Carbon Capture, Utilisation and Storage (CCUS) Forum from Monday, 29 May to Thursday, 31 May<\/strong> in Lusail City. The event aims to spotlight MENA\u2019s CCUS regulations and policies, map out paths and business models that would bring down CCUS project costs, promote regional and international cooperation to advance the international carbon capture sector, and discuss the role CCUS will play in helping Gulf countries meet their net zero targets.<\/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 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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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<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=\"77528\" 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=\"77528\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/pifs-badeel-and-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\">\r\n                            PIF\u2019s Badeel and Acwa Power set to build three solar plants worth some USD 3 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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           <\/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\/05\/22\/pifs-badeel-and-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1971.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77529\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/pifs-badeel-and-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/1971-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1971.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1971.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1971.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1971.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77528\" class=\"content-area-description single-story post-77528 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-acwa-power tag-enterpriseclimate tag-renewables tag-saudi-arabia tag-solar wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>KSA\u2019s Badeel, Acwa Power to build three solar projects in Saudi<\/strong><strong> Arabia:<\/strong> Badeel and renewables giant Acwa Power signed power purchase agreements with the Saudi Power Procurement Company to develop and operate three solar energy projects with a 4.5 GW cumulative generation capacity at an investment ticket of SAR 12.2 bn (c. USD 3.25 bn), according to a <a href=\"https:\/\/www.pif.gov.sa\/en\/Pages\/NewsDetails.aspx?NewswireId-234\/PIFs-wholly-owned-company-Badeel-and-ACWA-Power-invest-SAR12.2-billion-into-three-new-solar-projects-in-Saudi-Arabia=&utm_source=Twitter&utm_medium=Static&utm_campaign=Acwa_power_x_badeel\">statement<\/a>. The three solar farms \u2014 all to be established in KSA \u2014 will be jointly owned by Acwa Power and Badeel.<\/p>\n<p><strong>The details:<\/strong> Badeel \u2014 owned by KSA\u2019s sovereign wealth fund the Public Investment Fund (PIF) \u2014 and Acwa Power will jointly own the 2 GW Ar Rass 2 solar farm, the 1.12 GW Saad 2 PV plant, and the 1.42 Al Kahfah solar project, the statement notes. The projects \u2014 expected to achieve financial close by 3Q 2023 \u2014 will power some 750k households in the kingdom once operational in line with the country\u2019s Energy Ministry\u2019s target to have renewables comprise 50% of the country\u2019s energy mix by the end of the decade. The projects are part of the kingdom\u2019s National Renewable Energy Program (NREP), and PIF has been tasked with developing 70% of the program\u2019s target capacity. A timeline on the projects\u2019 completion and commercial launch was not disclosed.<\/p>\n<p><strong>PIF is bankrolling five other solar projects in the kingdom:<\/strong> The sovereign wealth fund is currently developing two other renewables plants \u2014 the Sudair solar project and the USD 1.75 bn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f37ee15a-470d-4f5a-9122-af6d8ae02535\">2 GW Shuaibah 2 solar energy<\/a> project \u2014 bringing its pipeline clean energy portfolio to 8 GW.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77530\" 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=\"77530\">\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\">POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/g7-hiroshima-summit-concludes-leaving-the-door-open-for-natgas-investments\/\">\r\n                            G7 Hiroshima Summit concludes leaving the door open for natgas investments                        <\/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\/05\/22\/g7-hiroshima-summit-concludes-leaving-the-door-open-for-natgas-investments\/\" 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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G7 countries agreed that \u201cinvestment in the gas sector can be appropriate as a temporary response to address potential gas market shortfalls,\u201d referring to the energy crisis brought about by Russia\u2019s invasion of Ukraine. The communique did not mention a timeline for phasing out gas. This comes as Germany, Japan, and the United States are pushing to protect their \u201clong standing investments in the fossil fuel industry,\u201d the <a href=\"https:\/\/www.nytimes.com\/2023\/05\/20\/world\/asia\/climate-fossil-fuels-g7.html\">New York Times<\/a> reported.<\/p>\n<p><strong>Japan and Germany keep gas and coal phase out deadlines out: <\/strong>The G7 ministers opted to reaffirm the commitment made in last year\u2019s G7 statement to achieve a \u201cfully\u201d or \u201cpredominantly\u201d decarbonized power sector by 2035 \u2014 leaving the door open for new gas and coal investments, the <a href=\"https:\/\/www.ft.com\/content\/18ae7257-dd02-4965-9de9-faec5e339be2\">Financial Times<\/a> reported. This comes following a long tussle between the G7 countries during a summit in Sapporo, Japan <a href=\"http:\/\/climate.enterprise.press\/stories\/2023\/04\/18\/g7-meetings-give-renewables-targets-a-boost-but-leave-coal-phase-out-plans-behind-101015\/\">last month<\/a> where Germany was initially pushing against Japan to restrict gas investments but ended up joining them instead.<\/p>\n<p><strong>\u201cUnwavering commitment to the Paris Agreement\u201d: <\/strong>The <a href=\"https:\/\/ent.news\/2023\/5\/1888.pdf\">G7 Clean Energy Economy Action<\/a><a href=\"https:\/\/ent.news\/2023\/5\/1888.pdf\">Plan (pdf)<\/a> summarized the position of the seven economies and their role in heading the climate movement, including setting new industrial and trade policies to incentivize public and private investments that drive decarbonization, increasing total investment in the clean energy manufacturing supply chain, and working to make renewable energy technologies and energy efficiency measures an affordable and accessible option globally.<\/p>\n<p><strong>US and Australia to join forces in renewables and battery expansion:<\/strong> Australian Prime Minister Anthony Albanese signed a letter of intent with US President Joe Biden on the sidelines of the G7 summit to establish climate and clean energy as the third pillar of the Australia-US Alliance, according to a <a href=\"https:\/\/www.pm.gov.au\/media\/signing-climate-critical-minerals-and-clean-energy-transformation-compact\">statement<\/a>. An action plan will be developed by the <a href=\"https:\/\/www.news.com.au\/world\/quad-summit-will-be-held-on-sidelines-of-g7-after-trip-cancelled\/news-story\/0aa338ff046a53e59bf79f39131c1091\">end of the year<\/a> to lay out the steps the two countries will take to tie their clean energy supply chains together, especially in critical materials.<\/p>\n<p><strong>G7 says it will \u201cde-risk, not decouple\u201d economic engagement with China in a bid to <\/strong><strong>appease the manufacturing powerhouse for renewables infrastructure<\/strong>, <a href=\"https:\/\/www.reuters.com\/world\/white-house-says-g7-will-align-shared-de-risk-not-decouple-approach-china-2023-05-20\/\">Reuters<\/a> reported. G7 countries said they are prepared to build \u201cconstructive and stable\u201d relations with Beijing, while also reducing dependence on trade and diversifying to achieve economic resilience. China holds more than an 80% share in all the manufacturing stages of <a href=\"https:\/\/www.iea.org\/reports\/solar-pv-global-supply-chains\/executive-summary\">solar panels<\/a> \u2014 such as polysilicon, ingots, wafers, cells and modules \u2014 and a 70% share of global manufacturing capacity for <a href=\"https:\/\/www.iea.org\/news\/china-has-a-clear-pathway-to-build-a-more-sustainable-secure-and-inclusive-energy-future\">electric vehicle batteries<\/a>.<\/p>\n<p><strong>Environmentalists alarmed:<\/strong> \u201cG7 had maintained a loophole for new fossil gas investments using the Russian military conflict with Ukraine as an excuse,\u201d said Max Lawson, head of inequality policy at activist group Oxfam, adding that the group is \u201cfar off track\u201d from the contributions needed to meeting net-zero targets, according to <a href=\"https:\/\/www.reuters.com\/business\/energy\/g7-brings-gas-investments-back-temporary-solution-dismay-climate-activists-2023-05-20\/\">Reuters<\/a>. Some environmental activists have said that endorsing investment in gas is \u201cincompatible with the pledge nations made to keep global temperature rise to 1.5\u00b0C above pre industrial levels,\u201d the <a href=\"https:\/\/www.nytimes.com\/2023\/05\/20\/world\/asia\/climate-fossil-fuels-g7.html\">New York Times<\/a> reported. One expert from Greenpeace called the G7\u2019s endorsement of new fossil fuel investments \u201ca blunt denial of the climate emergency,\u201d according to <a href=\"https:\/\/climatenetwork.org\/2023\/05\/20\/civil-society-groups-slam-g7-on-lack-of-climate-leadership-and-backsliding-on-promises\/\">Climate Action Network International<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-policy\/\">CLIMATE POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/g7\/\">G7<\/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=\"77532\" 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=\"77532\">\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\">Development finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/\">\r\n                            AfDB approves partial credit guarantee of USD 345 mn to help Egypt issue debut panda bonds                        <\/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\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/\" 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\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/')\">\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\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/\">\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=AfDB approves partial credit guarantee of USD 345 mn to help Egypt issue debut panda bonds&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/\">\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\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/&title=AfDB approves partial credit guarantee of USD 345 mn to help Egypt issue debut panda bonds\">\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=AfDB+approves+partial+credit+guarantee+of+USD+345+mn+to+help+Egypt+issue+debut+panda+bonds+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Fafdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds%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\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1890.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77533\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/afdb-approves-partial-credit-guarantee-of-usd-345-mn-to-help-egypt-issue-debut-panda-bonds\/1890-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1890.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1890.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1890.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1890.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77532\" class=\"content-area-description single-story post-77532 post type-post status-publish format-standard has-post-thumbnail hentry category-development-finance tag-development-finance tag-egypt tag-enterpriseclimate tag-green-finance tag-renewables tag-wastewater-treatment wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt gets a helping hand from AfDB to tap panda bond market: <\/strong>The African Development Bank (AfDB) has approved a partial credit guarantee of USD 345 mn equivalent in RMB to help Egypt access the panda bond market to finance green and social projects, according to a <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/egypt-african-development-bank-approves-345-million-partial-credit-guarantees-bolster-funding-green-and-social-initiatives-61277#:~:text=The%20Board%20of%20Directors%20of,finance%20green%20and%20social%20projects.\">statement<\/a> released on Saturday. The partial credit fund guarantee will allow Egypt to raise the equivalent of USD 500 mn in CNY-denominated bonds.<\/p>\n<p><strong>Where\u2019s the money going?<\/strong> Bond proceeds will be used for clean transportation, renewable energy, energy efficiency, sustainable water and wastewater management, MSME funding, and essential health service initiatives, according to the AfDB statement. The selected sectors are all under Egypt\u2019s Sovereign Sustainable Financing Framework (SSFF), which was launched last year to \u201cfurther underline its support and commitment to use various instruments for the financing of green projects.\u201d Other instruments include sustainable, social, blue, sukuk and others, it said.<\/p>\n<p><strong>No clear indication of when Egypt will pull the trigger: <\/strong>Plans to issue the panda bonds have been in the works since 2019, but were put on hold due to the pandemic. The plans were revived recently, with officials saying that Cairo would take the inaugural bond issuance <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9638e242-d642-4a64-b1fe-6c4a66b301f9\">to the market<\/a> in early FY 2023-24. Egypt\u2019s fiscal year begins on 1 July. Egypt\u2019s Finance Minister Mohamed Maait said <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2885532\">last week<\/a> that Egypt was looking forward to issuing the CNY-denominated bonds in \u201cthe upcoming period\u201d after it successfully wrapped up its <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2022\/03\/02\/supporting-egypt-s-inaugural-green-bond-issuance#:~:text=Egypt%20became%20the%20first%20country,issuance%20under%20the%20GDRM%20Program.\">inaugural green bond issuance<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6170918c-d131-411e-a667-a3f24c66a66c\">maiden samurai bond<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6152c0e0-66bd-48d5-b73f-1de6cac73e6c\">maiden sukuk<\/a> issuances. He did not provide a specific timeframe for the panda bond issuance.<\/p>\n<p><strong>Paving the way for others: <\/strong>\u201cA successful panda bond issuance by Egypt through the Bank\u2019s PCG will pave the way for other regional member countries looking to diversify their funding sources and tap into the international debt capital market,\u201d AfCB Acting Director for Financial Sector Development Ahmed Attout said in the statement.<\/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\/development-finance\/\">DEVELOPMENT FINANCE<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wastewater-treatment\/\">wastewater treatment<\/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=\"77534\" 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                            \"\r\n            id=\"77534\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/77534\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77534\" class=\"content-area-description single-story post-77534 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/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<section id=\"77535\" 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=\"77535\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/\">\r\n                            Empower acquires five district cooling plants at Dubai International Airport                        <\/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\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/\" 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\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/')\">\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\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/\">\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=Empower acquires five district cooling plants at Dubai International Airport&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/\">\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\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/&title=Empower acquires five district cooling plants at Dubai International Airport\">\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=Empower+acquires+five+district+cooling+plants+at+Dubai+International+Airport+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Fempower-acquires-five-district-cooling-plants-at-dubai-international-airport%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\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1892.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77536\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/empower-acquires-five-district-cooling-plants-at-dubai-international-airport\/1892-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1892.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1892.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1892.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1892.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77535\" class=\"content-area-description single-story post-77535 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-district-cooling tag-empower tag-enterpriseclimate tag-ma-watch tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><strong> Empower acquires Dubai Airport\u2019s district cooling plants: <\/strong>Emirates Central Cooling Systems (Empower) signed an agreement with the Dubai Aviation City Corporation to purchase its five cooling plants operating the Dubai International Airport, it said in a Dubai stock exchange <a href=\"https:\/\/ent.news\/2023\/5\/1891.pdf\">disclosure (pdf)<\/a> released on Friday. The five district cooling plants were valued at AED 1.1 bn (USD 300 mn), and will add 110k refrigeration tons (RT) of cooling capacity to Empower\u2019s portfolio. The acquisition agreement was <a href=\"https:\/\/www.dewa.gov.ae\/en\/about-us\/media-publications\/latest-news\/2021\/11\/empower-acquires-the-district-cooling-systems\">first signed<\/a> in 2021.<\/p>\n<p><strong>Adding to an impressive portfolio:<\/strong> Empower\u2019s portfolio includes some of Dubai\u2019s most notable infrastructure spots including The Dubai International Financial Centre, Dubai World Trade Centre, Dubai Healthcare City, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e45cf57c-54df-43df-84d3-bd48ee6c3cee\">Meydan City<\/a>, Dubai Studio City, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59c09b51-ee0d-4536-9504-1d3d379bd570\">Dubai Maritime City<\/a>, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/592d2566-8296-43b9-83e5-3b0725330ede\">Dubailand<\/a>, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f123ee40-27b2-4f82-b138-7b96ce6f9655\">Palm Jumeirah<\/a>, Bluewaters Island, and Business Bay, the statement notes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/district-cooling\/\">district cooling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/empower\/\">Empower<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/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=\"77537\" 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=\"77537\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/acwa-power-partners-with-uzbekistan-and-egypt-on-green-hydrogen-and-renewables\/\">\r\n                            Acwa Power partners with Uzbekistan and Egypt on green hydrogen and renewables                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/acwa-power-partners-with-uzbekistan-and-egypt-on-green-hydrogen-and-renewables\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Acwa also signed financing agreements worth USD 120 mn for the 100 MW Karatau wind farm \u2014 formerly known as <a href=\"https:\/\/acwapower.com\/en\/projects\/nukus-wind-ipp\/\">Nukus Wind IPP<\/a>, the statement notes.<\/p>\n<p><strong>More about the hydrogen plant:<\/strong> Acwa\u2019s hydrogen development agreement with Uzkimyosanoat will see it set up a green hydrogen production plant in Tashkent over two phases, with the initial stage aiming to generate some 3k tons of green fuel annually for 15 years <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_dboJAEIWfxQcwO2hc6CUtLdKggkhVbsy6TJVEWLIstvbpy1_TaGtjN3sxM_nOmTMkIisSZeyY7JhKRMYOVb-O6GZkUhiMDZjBePEAFAKbhgtDswaULM8BY2JT8KemPxvoI7BfgET_0kPgjcB_8iZDF-ZgA71ND1eeecP-6ByZmXd6leD53nZcc2hQ_RL45cSLJT9vaIA_QgaYNZfoV6M6GllKLEQpOZL5DpWZZaLMOKaYKTcplMUUIz5nfI8uHvHgsR2SoF7N4mNSCFnUFFnXkwK5EtLKnbjrT-lWHNo6lyIuuVqccmwHSlTWXZ1XpkHyUXUatEZM8n3Lal_AtEy3KK1tN3qVIv12YHVsXofuVJt-Qyl8V0Hj1nJxpfBQJqKOmKdhuILE6Rtvj8PUOP9mr_cJH6C4DQ!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwODIvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzczNzMz\/\">once operational in June 2024<\/a>. The exact power capacity from renewables powering the project was not disclosed. Acwa has a target to up its hydrogen production capacity through the second phase of the project, which is expected to have a USD 4 bn price tag, to c. 120k tons of green fuels annually, the statement notes. The second stage \u2014 to be powered by 2.6 GW of clean energy \u2014 will offset some 20 mn tons of CO2 equivalent over its life cycle and save 830 mn cubic meters of natgas.<\/p>\n<p><strong>More about the wind farm:<\/strong> The 100 MW wind power plant will be jointly funded by the Uzbek government, German finance company Deutsche Investitions (DEG), the European Bank for Reconstruction and Development (EBRD), and French DFI Proparco. The project will be located in the country\u2019s Karakalpakstan region and is expected to kick off commercial operations in February 2025, the statement noted. The country\u2019s national power grid company signed a 25-year PPA with Acwa Power to serve as the exclusive buyer of the clean energy produced.<\/p>\n<p><strong>Acwa Power is capitalizing on Uzbekistan\u2019s renewables push:<\/strong> Uzbekistan aims to source 35% of its electricity from renewables by 2035. It plans to establish wind energy plants totaling 10 GW and solar energy farms that would generate 5 GW of clean power <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/46255998-c3f3-4814-a5a4-2cdf891cf0cc\">by 2030<\/a> to offset a total of 16 mn tons of CO2 per annum. Acwa signed three power purchase agreements totaling USD 2.5 bn in March with the National Electric Grid of Uzbekistan and the country\u2019s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three battery energy storage (BESS) units totalling a capacity of 1.5 GWh. Earlier in January, Acwa <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ecad5e18-7333-4c86-9254-d9f9875b15cb\">signed an agreement<\/a> to build a green hydrogen plant and a green ammonia pilot project in the country.<\/p>\n<p><strong>And the investments will keep rolling in:<\/strong> Acwa plans to invest c. USD 10 bn in Uzbekistan\u2019s renewables projects through to 2028 beyond the USD 5 bn it has already poured in to fund five clean energy it owns and operates in the country, which <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/53f2cd9e-8323-47ef-b575-7a85d277ff13\">include<\/a> the USD 658 mn <a href=\"https:\/\/acwapower.com\/en\/projects\/dzhankeldy-wind-ipp\/\">500 MW Dzhankeldy Wind Farm<\/a> and the USD 690 mn <a href=\"https:\/\/acwapower.com\/en\/projects\/bash-wind-ipp\/\">500 MW Bash Wind Plant<\/a>.<\/p>\n<p><strong>IN OTHER REGIONAL ACWA NEWS-<\/strong> The company signed a non-binding agreement with Egypt\u2019s Suez Canal Economic Zone (SCZone) to establish a green fuel production plant on the sidelines of the EBRD\u2019s annual meeting in Uzbekistan last week, according to a <a href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0ciep6rF5SyGWwAXhEERxNj71xtNXKKGXgWHpgxbWAdsf7uVoeUz9ir3smQR7JPL1l\">statement<\/a> released on Thursday. The SCZone did not disclose the type of green fuels, the production capacity, financials, or timeline for establishing the facility, though it did say that the MoU should be turned into a framework agreement \u201csoon.\u201d Egypt\u2019s International Cooperation Minister Rania Al Mashat also met with Acwa company representatives during the EBRD meeting to discuss expanding cooperation on desalination and renewables projects, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0tbWfukAjTam4LB6zF3mgoL327ssGRm8gj5AofEmVoVS8BfUzHqV8y7vu35WBTMkXl\">cabinet statement<\/a> out yesterday.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"77539\" 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=\"77539\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/masdar-uzbekistan-to-jointly-develop-2-gw-of-renewables-projects-and-500-mw-bess-facilities\/\">\r\n                            Masdar, Uzbekistan to jointly develop 2 GW of renewables projects and 500 MW BESS facilities                        <\/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\/05\/22\/masdar-uzbekistan-to-jointly-develop-2-gw-of-renewables-projects-and-500-mw-bess-facilities\/\" 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 financials and timelines of the various projects that will be established in Uzbekistan were not disclosed.<\/p>\n<p><strong>Part of Masdar\u2019s expansion plans in the Central Asian country:<\/strong> Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/abef0c63-ad3e-4492-8671-d3bb35764e52\">achieved financial<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/abef0c63-ad3e-4492-8671-d3bb35764e52\">close<\/a> on three solar plants to be set up in Uzbekistan\u2019s Sherabad, Samarkand, and Jizzakh that would yield c. 900 MW in April. Construction on the three projects is set to begin in 1H 2023, with the plants going live in 2024. Masdar also actively contributed to Uzbekistan\u2019s first 100 MW IPP solar project <a href=\"https:\/\/masdar.ae\/en\/Masdar-Clean-Energy\/Projects\/100MW-Nur-Navoi-Solar-Project\">Nur Navoi<\/a>, which has been operational since 2021. Back in September, Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">achieved financial close<\/a> on the USD 600 mn 500 MW Zarafshan wind project in Uzbekistan \u2014 Central Asia\u2019s largest wind farm. The company was also awarded the 250 MW Bukhara Solar PV project, which includes a 62 MW battery energy storage system in late 2022, according to a <a href=\"https:\/\/news.masdar.ae\/en\/News\/2023\/04\/06\/06\/21\/Financial-Close-on-Three-Solar-Projects-in-Uzbekistan\">company statement<\/a>.<\/p>\n<p><strong>ALSO- The IFC is providing a helping hand: <\/strong>The International Finance Corporation (IFC) will support the country in its target to up its renewables production capacity by 12 GW by 2030, and will act as lead transaction advisor for the country\u2019s power distribution sector\u2019s first public-private partnership with the aim of improving grid connectivity to some 700k energy customers in Uzbekistan, according to a <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=27536\">statement<\/a>. The agreement will see the IFC facilitate private sector investments in a bid to modernize the country\u2019s aging electricity transmission and distribution infrastructure \u2014 which sees the country unnecessarily lose considerable amounts of energy \u2014 and establish a renewables-friendly grid, the statement notes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"77541\" 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=\"77541\">\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\">BLUE AMMONIA<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/\">\r\n                            KSA\u2019s Ma\u2019aden dispatches first low-carbon blue ammonia shipments to China                        <\/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\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/\" 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\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/')\">\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\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/\">\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=KSA\u2019s Ma\u2019aden dispatches first low-carbon blue ammonia shipments to China&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/\">\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\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/&title=KSA\u2019s Ma\u2019aden dispatches first low-carbon blue ammonia shipments to China\">\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+Ma%E2%80%99aden+dispatches+first+low-carbon+blue+ammonia+shipments+to+China+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Fksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china%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\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1895.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77542\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/ksas-maaden-dispatches-first-low-carbon-blue-ammonia-shipments-to-china\/1895-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1895.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1895.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1895.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1895.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77541\" class=\"content-area-description single-story post-77541 post type-post status-publish format-standard has-post-thumbnail hentry category-blue-ammonia tag-blue-ammonia tag-enterpriseclimate tag-saudi-arabia 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>Ma\u2019aden sends first blue ammonia shipments to China:<\/strong> Saudi mining company Ma\u2019aden has exported its first shipments of low-carbon blue ammonia to Chinese petrochemical producer Shenghong Petrochemicals as part of an agreement to supply 25k tons of ammonia, which is in line with the company\u2019s goal of becoming a green leader globally, it said in a <a href=\"https:\/\/www.maaden.com.sa\/en\/news\/details\/577\">statement<\/a> on Thursday. The amount of blue ammonia shipped was not disclosed, nor was the financial value of the agreement.<\/p>\n<p><strong>A blue ammonia spree:<\/strong> Ma\u2019aden is currently the world\u2019s largest exporter of blue ammonia since it received certification for production last year, according to the statement. It has since shipped over 138k tons of blue ammonia products to countries including Korea, China, Japan, India, Thailand, and the EU.<\/p>\n<p><strong>Another one soon? <\/strong>Ma\u2019aden <a href=\"https:\/\/twitter.com\/MaadenKSA\/status\/1658127310879350785\">signed an agreement<\/a> with US-based trading and logistics firm Trammo last week to deliver the first certified commercial blue ammonia shipment to Europe in 2023.<\/p>\n<p><strong>REMEMBER- MENA has big blue hydrogen ambitions:<\/strong> Aramco and KSA\u2019s SABIC Agri-Nutrients <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cde05ac7-f056-4ead-89a0-f4c9766e737c\">shipped<\/a> in November 25k tons of blue ammonia to South Korea. Maaden inked an MoU <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae7ce2a6-4255-4f8c-9da1-c31f93e4e4c2\">in March<\/a> with Japanese industrial conglomerate Mitsui & Co. and another with the Taiwan Fertiliser Company that could see it become the first commercial supplier of blue ammonia to both Japan and Taiwan. Over in Qatar, state-owned QatarEnergy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cc2bd5c8-79fc-4993-8806-6cac0e90c6fc\">signed in September<\/a> agreements to build the world\u2019s largest blue ammonia plant \u2014 worth USD 1 bn \u2014 which is set to produce 1.2 mn tons of the green fuel annually.<\/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\/blue-ammonia\/\">blue ammonia<\/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=\"77543\" 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=\"77543\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/\">\r\n                            Germany\u2019s Hydrogenious LOHC Technologies pushes forward on its UAE-Europe hydrogen pipeline with Adnoc                        <\/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\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/\" 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\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/')\">\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\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/\">\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=Germany\u2019s Hydrogenious LOHC Technologies pushes forward on its UAE-Europe hydrogen pipeline with Adnoc&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/\">\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\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/&title=Germany\u2019s Hydrogenious LOHC Technologies pushes forward on its UAE-Europe hydrogen pipeline with Adnoc\">\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=Germany%E2%80%99s+Hydrogenious+LOHC+Technologies+pushes+forward+on+its+UAE-Europe+hydrogen+pipeline+with+Adnoc+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Fgermanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc%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\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/\">\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=\"77544\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/germanys-hydrogenious-lohc-technologies-pushes-forward-on-its-uae-europe-hydrogen-pipeline-with-adnoc\/253-jpg-13\/\" 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-77543\" class=\"content-area-description single-story post-77543 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-adnoc tag-enterpriseclimate tag-germany tag-green-hydrogen tag-hydrogen tag-lohc tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> Another UAE-Europe low-carbon hydrogen pipeline is moving forward: <\/strong>German oil and gas company Hydrogenious LOHC Technologies (LOHC) is nearing completion on the pre-project planning phase of its <a href=\"https:\/\/www.uniper.energy\/news\/uniper-hydrogenious-of-germany-and-jera-americas-to-partner-with-adnoc-to-explore-hydrogen-opportunities\">UAE-Europe hydrogen supply chain<\/a> agreement with the UAE\u2019s Adnoc, Tokyo-based electric power generation company Jera Americas, and German energy firm Uniper, <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/uae-europe-lohc-based-hydrogen-supply-chain-pilot-to-enter-feed-stage-y3iqwtm4\">Zawya<\/a> reported last Thursday. The consortium remains neutral on the type of hydrogen it is looking to generate in the UAE, LOHC\u2019s Managing Director of the Emirates\u2019 hydrogen division Rafael Schmidt told the news outlet. Both blue and green hydrogen are promising energy sources, he added, and indicated that renewables and fossil fuels were both potential energy sources to power the project. Financial details and a timeline for operational launch were not disclosed.<\/p>\n<p><strong>The details: <\/strong>LOHC, Adnoc, Jera and Uniper signed a joint study agreement back in March to launch feasibility studies for setting up a hydrogen supply chain to enable the transport of some 24 tons of green hydrogen on a daily basis from the Emirates to Germany using Uniper\u2019s green hydrogen carrier assets. The consortium is currently in the \u201cfinal stage\u201d of completing the front-end and engineering design (FEED) phase of the project, which follows the completion of conceptual design studies to determine the feasibility of the project and a rough investment ticket for the venture.<\/p>\n<p><strong>The type of hydrogen will be dependent on market demands: <\/strong>\u201cWe are closely monitoring the development of certification in Europe and beyond and trying to match the project set-up to the certification scheme and the demand from different countries. The definition of the color of hydrogen or its characteristics will depend on the receiving countries,\u201d Schmidt told Zaywa, noting the consortium is in talks with the UAE\u2019s government and private-sector investors to determine the feasibility of clean hydrogen production. The consortium may tap into Germany's EUR 900 mn <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_21_7022\">H2Globa<\/a>l green hydrogen subsidy scheme to secure capital for the project, according to Schmidt.<\/p>\n<p><strong>There\u2019s more to come if all goes well: <\/strong>The pre-project study will serve as an extended feasibility study for the consortium\u2019s plans to have another 500 ton UAE-Germany pipeline up and running by 2030, Schmidt told Zawya, noting the recent study showed the 500 ton project would require renewables deployments nearing 500 MW.<\/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\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/lohc\/\">LOHC<\/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=\"77545\" 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=\"77545\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/\">\r\n                            UAE\u2019s Aldar raises USD 500 mn in 4x overscribed debut green bond issuance                        <\/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\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/\" 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\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/')\">\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\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/\">\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 Aldar raises USD 500 mn in 4x overscribed debut green bond issuance&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/\">\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\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/&title=UAE\u2019s Aldar raises USD 500 mn in 4x overscribed debut green bond issuance\">\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+Aldar+raises+USD+500+mn+in+4x+overscribed+debut+green+bond+issuance+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Fuaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance%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\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/148.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77546\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/uaes-aldar-raises-usd-500-mn-in-4x-overscribed-debut-green-bond-issuance\/148-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/148.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"148.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/148.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/148.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77545\" class=\"content-area-description single-story post-77545 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-green-bonds tag-green-sukuk tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Aldar pulls trigger on debut green bond issuance: <\/strong>Abu Dhabi\u2019s Aldar Investment Properties (AIP) \u2014 a unit of Aldar Properties \u2014 has raised USD 500 mn through its debut 10-year inaugural green sukuk, it said in a <a href=\"https:\/\/ent.news\/2023\/5\/1896.pdf\">disclosure to the ADX (pdf)<\/a> on Thursday. The issuance comes under its Green Finance Framework, which focuses on investments in sustainable projects such as green buildings, property development to improve energy efficiency, and renewable energy sources.<\/p>\n<p><strong>The details: <\/strong>The 10-year sukuk was priced at a 4.875% coupon rate and is among the highest price tightening of any corporate issuance this year, according to disclosure. The issuance was 4x oversubscribed securing local, regional, and international investors with order books topping USD 2.3 bn.<\/p>\n<p><strong>All part of a sustainability push: <\/strong>The issuance comes under a USD 2 bn financing program by the AIP to back its growth agenda and sustainability track, and is in line with the UAE\u2019s net zero ambitions by 2050 and AIP\u2019s plan to become a net zero carbon firm by 2050. Proceeds from the sukuk will be used in accordance with Aldar\u2019s Green Finance Framework to finance green initiatives and acquisitions, it added.<\/p>\n<p><strong>Advisors: <\/strong>HSBC and Standard Chartered Bank are acting as joint global coordinators, while Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, and Mashreq are acting as joint lead managers and joint bookrunners.<\/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\/debt-watch\/\">DEBT WATCH<\/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-sukuk\/\">Green sukuk<\/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=\"77547\" 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=\"77547\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/\">\r\n                            Oman and Egypt set to discuss renewables and green hydrogen. PLUS: Egypt discusses EVs with India and the UAE and Italy strengthen ties on renewables ahead of COP28                        <\/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\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/\" 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\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/')\">\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\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Oman and Egypt set to discuss renewables and green hydrogen. PLUS: Egypt discusses EVs with India and the UAE and Italy strengthen ties on renewables ahead of COP28&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/\">\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\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/&title=Oman and Egypt set to discuss renewables and green hydrogen. PLUS: Egypt discusses EVs with India and the UAE and Italy strengthen ties on renewables ahead of COP28\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oman+and+Egypt+set+to+discuss+renewables+and+green+hydrogen.+PLUS%3A+Egypt+discusses+EVs+with+India+and+the+UAE+and+Italy+strengthen+ties+on+renewables+ahead+of+COP28+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Foman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28%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\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1897.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77548\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/oman-and-egypt-set-to-discuss-renewables-and-green-hydrogen-plus-egypt-discusses-evs-with-india-and-the-uae-and-italy-strengthen-ties-on-renewables-ahead-of-cop28\/1897-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1897.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1897.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1897.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1897.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77547\" class=\"content-area-description single-story post-77547 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-egypt tag-enterpriseclimate tag-evs tag-green-hydrogen tag-oman tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>Oman and Egypt plan to explore renewables and hydrogen partnerships:<\/strong> Oman\u2019s Sultan Haitham bin Tarik <a href=\"https:\/\/bit.ly\/45nrPYO\">landed in Egypt yesterday<\/a> for a two-day visit where he is expected to discuss with President Abdel Fattah El Sisi potential renewables and green hydrogen partnership agreements during the Omani-Egyptian Business Forum, according to the <a href=\"https:\/\/omannews.gov.om\/topics\/ar\/3\/show\/418032\">Oman News Agency<\/a>. Oman will promote potential investments in both sectors during the high level meeting in a bid to finalize several agreements and MoUs, the news agency notes.<\/p>\n<p><strong>Egypt luring in India for its EV market:<\/strong> Egypt\u2019s Trade and Industry Minister Ahmed Samir met with representatives from India\u2019s Hinduja Group and Motherson Group to discuss setting up projects by the two companies in manufacturing electric vehicles and spare parts, according to a <a href=\"https:\/\/bit.ly\/45iFvEE\">statement<\/a> released on Saturday. Hinduja\u2019s International Operation CEO Amandeep Singh said his company is currently exploring the possibility of establishing a factory in Egypt to serve as a manufacturing and export hub in the Middle East and Africa.<\/p>\n<p><strong>REMEMBER-<\/strong> India has been showing interest in Egypt\u2019s nascent EV industry, with Indian commercial vehicle maker Ashok Leyland <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ed3cfc5-1e04-482a-8599-e2bc7f8da19f\">saying recently<\/a> that it is interested in cooperating with Egypt\u2019s state-owned El Nasr Automotive Manufacturing Company to manufacture commercial EVs in Egypt.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The UAE and Italy discussed boosting mutual investments in renewable energy <\/strong><strong>during a meeting in Milan<\/strong>, <a href=\"https:\/\/wam.ae\/en\/details\/1395303159564\">Wam<\/a> reported on Thursday. UAE Economy Minister Abdullah bin Touq Al Marri discussed potential investments in renewable energy, logistics, and supply chains with Italian officials in addition to boosting cooperation in climate change, sustainable agriculture, food security and other fields of mutual interest.<\/p>\n<p><strong>REMEMBER- Italy is strengthening ties with the Emirates ahead of COP28:<\/strong> Italy and the UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2f0efd1c-0c39-491e-9cae-bd0e74820252\">announced in March<\/a> a declaration of intent to boost strategic cooperation between the two countries at the Dubai-hosted COP28 later this year. The strategic partnership would allow both countries to expand cooperation in sustainability, food and water security, renewable energy and clean technologies.<\/p>\n<p><strong>OTHER CLIMATE DIPLO STORIES WORTH KNOWING ABOUT-<\/strong><\/p>\n<ul>\n<li><strong>South Korea<\/strong> is interested in cooperating with <strong>Egypt<\/strong> in <strong>renewable energy<\/strong> and <strong>green hydrogen<\/strong> projects in the country. (<a href=\"https:\/\/bit.ly\/3Wq2Q3l\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77549\" 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=\"77549\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/\">\r\n                            An emerging US low-carbon concrete startup wants to change the game and Toyota warns against a quick transition to EVs                        <\/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\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/\" 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\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/')\">\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\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/\">\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=An emerging US low-carbon concrete startup wants to change the game and Toyota warns against a quick transition to EVs&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/\">\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\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/&title=An emerging US low-carbon concrete startup wants to change the game and Toyota warns against a quick transition to EVs\">\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=An+emerging+US+low-carbon+concrete+startup+wants+to+change+the+game+and+Toyota+warns+against+a+quick+transition+to+EVs+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F22%2Fan-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs%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\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1898.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77550\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/an-emerging-us-low-carbon-concrete-startup-wants-to-change-the-game-and-toyota-warns-against-a-quick-transition-to-evs\/1898-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1898.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1898.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1898.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1898.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77549\" class=\"content-area-description single-story post-77549 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-evs tag-green-infrastructure tag-toyota wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>US-based low-carbon concrete startup CarbonBuilt aims to revolutionize the<\/strong><strong> industry through its climate-friendly concrete<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-17\/low-carbon-concrete-could-bring-a-radical-change-to-the-industry\">Bloomberg<\/a> reported last week. The three-year-old startup, along with concrete masonry production partner Blair Block, kicked off commercial production for its technology, which it claims can slash carbon emissions during the lifecycle of concrete by 70% to 100%. The low-carbon concrete costs the same to produce as traditional concrete.<\/p>\n<p><strong>How it works:<\/strong> The technology sees most of the cement in concrete replaced with a proprietary mix of locally sourced, low-carbon material and then channeling carbon into the curing chamber to brace the blocks, according to Bloomberg. This allows carbon to be permanently stored in solid form. CarbonBuilt says such a converted production line will help avert at least 2k metric tons of carbon dioxide emissions annually. The startup\u2019s plant will also remove over 500 metric tons of CO2 from the air per year.<\/p>\n<p><strong>But what about the region?<\/strong> Some companies in the region are supplying cement that emits significantly less CO2, yet the market uptake remains low. Among them is market heavyweight Lafarge, which has been trying to promote the use of its low-carbon concrete <a href=\"https:\/\/www.lafarge.ae\/ecopact-green-concrete\">ECOPact<\/a>. Last year, the ECOPart green concrete <a href=\"https:\/\/www.lafarge.ae\/residential-building-dubai-reduces-co2-emissions-45-ecopact\">used by a UAE contractor<\/a> helped slash CO2 emissions by 45%.<\/p>\n<p><strong>REMEMBER<\/strong><strong>- <\/strong>Efforts to decarbonize concrete, which is the most heavily used construction material globally, have been slow until recently. Solutions to <a href=\"https:\/\/www.mckinsey.com\/industries\/engineering-construction-and-building-materials\/our-insights\/decarbonizing-cement-and-concrete-value-chains-takeaways-from-davos\">decarbonize the industry<\/a>currently range from either costly carbon-negative technologies to lower-cost alternatives that provide limited emission curbs.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Toyota cautions against a quick transition to EVs:<\/strong> Toyota Research Institute CEO Gill Pratt told reporters that a full transition to EVs would not be practical for most consumers, and called for the use of both gas-fueled cars and a mix of hybrid, fuel cell, and all-electric cars, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-18\/top-toyota-scientist-says-world-lacks-resources-to-go-all-ev?srnd=premium-middle-east\">Bloomberg<\/a> reported on Thursday. Limited battery materials, EV production components, and renewables assets at the moment hinder a full transition to EVs, Pratt argued. Toyota aims to sell some 200k all-electric vehicles in 2023, as part of its wider goal of selling 1.5 mn EVs annually by 2026, and to bring 10 new battery EV models to market. The company has been <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/17914fba-1449-4dcd-978d-ef341c5dcd91\">pushing back<\/a> against criticism that it is lagging behind in EV production, arguing that its gasoline-electric hybrids make more sense for its global customer base.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Over half <\/strong>of the world\u2019s <strong>largest lakes and reservoirs <\/strong>have<strong> dried up <\/strong>since the 1990s on the back of climate change. Some of the world\u2019s most important freshwater sources lost water at a total rate of around <strong>22 gigatons per year<\/strong> for nearly three decades. (<a href=\"https:\/\/www.reuters.com\/business\/environment\/more-than-half-worlds-large-lakes-are-drying-up-study-finds-2023-05-18\/\">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\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-infrastructure\/\">green infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/toyota\/\">Toyota<\/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=\"77551\" 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=\"77551\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/05\/22\/omans-opwp-rebrands-and-kicks-off-implementation-contracts-for-1-gw-of-solar-projects-plus-dubai-completes-6-mw-wte-project-and-egypt-ramps-up-renewables-funding-efforts\/\">\r\n                            Oman\u2019s OPWP rebrands and kicks off implementation contracts for 1 GW of solar projects PLUS: Dubai completes 6 MW WtE project and Egypt ramps up renewables funding efforts                        <\/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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efforts&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/omans-opwp-rebrands-and-kicks-off-implementation-contracts-for-1-gw-of-solar-projects-plus-dubai-completes-6-mw-wte-project-and-egypt-ramps-up-renewables-funding-efforts\/\">\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\/05\/22\/omans-opwp-rebrands-and-kicks-off-implementation-contracts-for-1-gw-of-solar-projects-plus-dubai-completes-6-mw-wte-project-and-egypt-ramps-up-renewables-funding-efforts\/&title=Oman\u2019s OPWP rebrands and kicks off implementation contracts for 1 GW of solar projects PLUS: Dubai completes 6 MW WtE project and Egypt ramps up renewables funding efforts\">\n                    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          \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/omans-opwp-rebrands-and-kicks-off-implementation-contracts-for-1-gw-of-solar-projects-plus-dubai-completes-6-mw-wte-project-and-egypt-ramps-up-renewables-funding-efforts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1899.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77552\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/omans-opwp-rebrands-and-kicks-off-implementation-contracts-for-1-gw-of-solar-projects-plus-dubai-completes-6-mw-wte-project-and-egypt-ramps-up-renewables-funding-efforts\/1899-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1899.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1899.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1899.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1899.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77551\" class=\"content-area-description single-story post-77551 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-biogas tag-egypt tag-enterpriseclimate tag-oman tag-renewables tag-uae tag-waste-to-energy 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-12\"><\/a> <strong>OPWP rebrands and<\/strong> <strong>makes Manah contracts official:<\/strong> The Oman Power and Water Procurement Company (OPWP) has <a href=\"https:\/\/twitter.com\/OmanPwp\/status\/1659133513336078339\">rebranded to Nama<\/a> and signed contract awards for the implementation of its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0631666c-40ae-4f36-b946-53e1f64a9375\">1 GW Manah I and II<\/a> solar Independent Power Projects (IPPs), <a href=\"https:\/\/twitter.com\/OmanPwp\/status\/1659153142909378560\">OPWP said<\/a> on Thursday. The contract for the 500 MW Manah 1 was signed with Korea Western Power and French EDF Renewables. Construction on the USD 453 mn project is expected to start in November, with the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d4df196c-3864-4226-9fc9-2dffbdaef025\">completion date set<\/a> for March 2025. The contract for the second 500 MW Manah 2 project was also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3aad63f3-6a3c-472b-950e-1d350da25403\">signed with a consortium<\/a> comprising China\u2019s Jinko Power and Singapore\u2019s Sembcorp in March.<\/p>\n<p><strong>ALSO- OPWP has issued requests for proposals (RFPs) and qualifications <\/strong><strong>(RFQs) for three wind IPPs across the sultanate<\/strong>, <a href=\"https:\/\/www.omanobserver.om\/article\/1137325\/business\/energy\/oman-to-issue-rfqs-for-three-wind-power-projects-this-year\">Oman Daily Observer<\/a> reported last week. Two of the wind farms for which OPWP issued RFPs and RFQs \u2014 the Duqm wind project and the Jalaan Bani Bu Wind \u2014 <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c43c266f-f731-4d31-a489-b697f2f3b140\">would come online in 2Q 2026<\/a>, followed by the Harweel Wind project in 4Q 2026. The company has completed a year-long study to determine the potential energy generation capacity for each project, and is considering generation targets of 200 MW for the Duqm wind farm and 100 MW for each of the remaining projects, according to the news outlet.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Dubai completes 6 MW biogas-to-energy facility:<\/strong> Dubai has finished constructing its 6 MW waste-to-energy (WtE) biogas production facility at the Warsan Wastewater Treatment Plant, <a href=\"https:\/\/wam.ae\/en\/details\/1395303159470\">Wam<\/a> reported on Thursday. The biogas will be retrieved from the waste emitted by the water treatment process before being turned to energy and used to treat more water. The facility can generate some 44k MWh of electricity annually \u2014 enough to cover 50% of the treatment plant\u2019s entire operational needs \u2014 and will lower operational costs by AED 320 mn over 25 years while reducing carbon emissions by 31k tons. Out of the 57k cubic meters of biogas waste produced per day, almost 55k can be retrieved to produce energy.<\/p>\n<p><strong>Egypt ramps up green investments and funding:<\/strong> Egypt\u2019s Environment Minister Yasmine Fouad discussed with European Investment Bank (EIB) Vice President Gelsomina Vigliotti the latest preparations to implement Egypt\u2019s <a href=\"https:\/\/www.eib.org\/en\/projects\/all\/20210635\">Green Sustainable Industry<\/a> project, according to a <a href=\"https:\/\/bit.ly\/3ByT0m2\">statement<\/a> released last week. Fouad said she looks forward to a final approval for the project ahead of signing the financial agreement. The project will unlock EUR 150 mn to support green industries and environmental compatibility. It will also provide concessional financing packages for both public and private industrial companies at estimated investments of up to EUR 268 mn to fund green projects, including recycling and renewable energy projects, especially in energy-intensive industries, the statement added.<\/p>\n<p><strong>More Korean investments in waste management? <\/strong>Fouad discussed with her South Korean counterpart Han Hwa-jin boosting Seoul\u2019s investments in Egypt\u2019s waste management sector, according to a <a href=\"https:\/\/bit.ly\/3pRoS2E\">statement<\/a>. They also discussed potential ways for the two countries to work together to reduce the use of single-use plastic bags in cooperation with the private sector. The South Korean minister expressed interest in working with Egypt to produce energy from waste. She also expressed her country\u2019s interest in providing Egypt with a grant to establish a center through which waste technologies can be imported.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Algeria <\/strong>plans to extract <strong>zinc and lead <\/strong>from its mining plant in the country\u2019s Beja\u00efa Province<strong> starting in July<\/strong> and expects a <strong>commercial launch<\/strong> for the facility in <strong>December 2025<\/strong>. The plant will process c. <strong>34 mn tons<\/strong> of extracted minerals from the mining site. (<a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid02HKtqxB8XYEHHameSF3FVNhzMdXbGGbu9Bby4LiQLQSZpEF7F3oNUCe8TuQLhRcYXl\">Statement<\/a>)<\/li>\n<li>The <strong>UAE<\/strong> has managed to slash <strong>nitrogen oxide emissions <\/strong>from <strong>power <\/strong><strong>generation <\/strong>by 20%. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303159197\">Wam<\/a>)<\/li>\n<li>The <strong>Saudi Environment, Water and Agriculture Ministry<\/strong> launched its<strong> Protect <\/strong><strong>My Environment<\/strong> app allowing individuals to <strong>report environmental violations<\/strong>. (<a href=\"https:\/\/saudigazette.com.sa\/article\/632533\/SAUDI-ARABIA\/Environmental-violations-may-now-be-reported-via-new-app#:~:text=Minister%20of%20Environment%2C%20Water%20and,citizens%20may%20report%20environmental%20violations.\">Saudi Gazette<\/a>)<\/li>\n<li><strong>Egyptian-Algerian telecommunications and fiber optics company Optiserve<\/strong> is entering the <strong>renewable energy market in Algeria<\/strong> by taking part in a tender for a solar project. (<a href=\"https:\/\/attaqa.net\/2023\/05\/20\/%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AC%D8%AF%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AC%D8%B2%D8%A7%D8%A6%D8%B1-%D8%AA%D8%AA%D8%B5%D8%AF%D8%B1-%D9%85%D9%84%D8%AA%D9%82\/\">Attaqa<\/a>)<\/li>\n<li><strong>UAE\u2019s Etihad Airways<\/strong> has <strong>reduced its CO2 emissions<\/strong> per revenue ton kilometer \u2014 the weight of passengers and cargo on a flight multiplied by distance flown \u2014 <strong>by 26% compared to a 2019 baseline<\/strong>. The findings were part of the airline\u2019s 2022 Sustainability Report. (<a href=\"https:\/\/www.etihad.com\/en\/news\/etihad-publishes-2022-sustainability-report\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biogas\/\">Biogas<\/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\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-to-energy\/\">WASTE TO ENERGY<\/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=\"77553\" 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=\"77553\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/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\/05\/22\/tesla-is-eyeing-indias-ev-incentives-and-spains-repsol-invests-in-italian-renewables\/\">\r\n                            Tesla is eyeing India\u2019s EV incentives and Spain\u2019s Repsol invests in Italian renewables                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/22\/tesla-is-eyeing-indias-ev-incentives-and-spains-repsol-invests-in-italian-renewables\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The talks come after the US electric vehicle manufacturer proposed establishing a factory in the country to build EVs, with plans to manufacture EV batteries also discussed. The Indian government has set aside USD 6 bn under a program to boost the manufacturing and sale of EVs. Tesla is \u201cstill testing the waters and trying to understand the local policies,\u201d the source said. The revival of the talks come a year after talks between Tesla and the Indian government faltered on the back of the EV maker\u2019s focus on lobbying to lower import taxes on cars, which can be as high as 100%.<\/p>\n<p><strong>Spain\u2019s Repsol to invest USD 550 mn in renewables in Italy: <\/strong>Spanish oil and gas company Repsol is looking to invest EUR 500 mn (c. USD 550 mn) to develop 1.7 GW of clean energy in Italy, executive managing director of the company\u2019s low carbon division Joao Costeira told <a href=\"https:\/\/www.reuters.com\/sustainability\/repsol-invest-550-mln-first-italian-renewable-projects-2023-05-17\/\">Reuters<\/a> last week. Repsol is reportedly looking to allocate <a href=\"https:\/\/www.reuters.com\/business\/energy\/repsols-profit-beats-forecasts-buoyed-by-high-oil-gas-prices-2023-02-16\/\">nearly a quarter<\/a> of its capital spending to increase its renewables generation capacity from the current 2 GW to 6 GW within two years and up to 20 GW by 2030.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Boeing <\/strong>will roll out a <strong>data modeling tool <\/strong>to map out a path for the aviation industry for <strong>achieving carbon neutrality by 2050<\/strong>. The tool allows airlines and governments to adjust different variables \u2014 including the use of sustainable aviation fuels and electric planes \u2014 to see how these variables can help them achieve their net-zero goals. (<a href=\"https:\/\/www.reuters.com\/sustainability\/boeing-launches-data-tool-chart-path-net-zero-emissions-target-2023-05-17\/\">Reuters<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/india\/\">India<\/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\/spain\/\">Spain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tesla\/\">Tesla<\/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=\"77555\" 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\/05\/22\/77555\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77555\" class=\"content-area-description single-story post-77555 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>MAY 2023<\/strong><\/p>\n<p>22-24 May (Monday-Wednesday): <a href=\"https:\/\/ieeepesoman.com\/\">IEEE Power and Energy Forum<\/a>, Muscat, Oman.<\/p>\n<p>25-27 May (Thursday-Saturday): <a href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/Notification_LD_TC2_NGO_observers.pdf\">Second meeting of the COP27 Transitional Committee<\/a>, Bonn, Germany.<\/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>, Lusail City, 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>5-8 June (Monday-Thursday): <a href=\"https:\/\/www.districtenergy.org\/events\/exhibit--2023\">IDEA2023<\/a>, Chicago, US<\/p>\n<p>8 June (Thursday): <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>TBA: <a href=\"https:\/\/www.youm7.com\/story\/2023\/4\/30\/%D8%A3%D9%88%D9%84-%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%89-%D9%88%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%AE%D9%8A-%D8%A8%D8%B9%D8%AF-%D9%82%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%AE-%D9%81%D9%89-%D9%85%D8%B5%D8%B1\/6163453#:~:text=%D9%8A%D8%A3%D8%AA%D9%89%20%D8%A5%D8%B7%D9%84%D8%A7%D9%82%20%D9%85%D9%86%D8%AA%D8%AF%D9%89%20%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%20%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%89,%D8%A7%D9%84%D9%81%D8%B1%D8%B5%20%D9%88%D9%82%D8%B5%D8%B5%20%D8%A7%D9%84%D9%86%D8%AC%D8%A7%D8%AD%20%D9%84%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA%20%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%8A%D8%A9\">Egypt\u2019s post-COP27 Environmental and Climate Investment Forum<\/a>, Egypt.<\/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): <a href=\"https:\/\/10times.com\/e1r3-x4p2-z8sd\">Global Congress on Renewable and Non-Renewable Energy<\/a>, 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>28 September (Thursday):<a href=\"https:\/\/www.iea.org\/news\/first-ever-iea-critical-minerals-and-clean-energy-summit-to-take-place-on-28-september\">International Energy Agency Critical Minerals and Clean Energy Summit<\/a>, Paris, France.<\/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>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 Congress<\/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>15-17 November (Wednesday-Friday): <a href=\"https:\/\/www.wetex.ae\/\">WETEX and Dubai Solar Show,<\/a> Dubai, UAE.<\/p>\n<p>15-18 November (Wednesday-Saturday): DEWA\u2019s <a href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/May\/07-05\/DEWA-MENA-Solar-Conference\">First MENA Solar Conference<\/a>, Dubai, UAE.<\/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>26-28 February (Monday-Wednesday): <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>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>Mid-2023: Oman <a href=\"https:\/\/www.meed.com\/oman-to-sign-multibillion-dollar-hydrogen-contracts\">set to sign contracts<\/a> for green hydrogen projects.<\/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><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><strong>2025 <\/strong><\/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":77524,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77523","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"079aed44-0167-4942-a511-815c9254beb5","teaser":"","photo_url":"https:\/\/ent.news\/2020\/9\/1079.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 Badeel, Acwa Power set to build three solar plants worth some USD 3 bn - 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-badeel-acwa-power-set-to-build-three-solar-plants-worth-some-usd-3-bn\/\" \/>\n<meta property=\"og:locale\" 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