{"id":77785,"date":"2023-06-05T01:00:10","date_gmt":"2023-06-05T01:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77785"},"modified":"2025-12-15T09:03:03","modified_gmt":"2025-12-15T09:03:03","slug":"acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant\/","title":{"rendered":"Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant"},"content":{"rendered":"<section id=\"77787\" 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=\"77787\">\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\/06\/05\/today-acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant-uae-may-be-getting-a-new-ev-assembly-line\/\">\r\n                            TODAY: Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant + UAE may be getting a new EV assembly line                        <\/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\/06\/05\/today-acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant-uae-may-be-getting-a-new-ev-assembly-line\/\" 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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Over in the UAE, Canadian EV company AXL is eying the possibility of establishing an assembly line with a 50k production capacity either in Dubai or Abu Dhabi.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on these stories and much more in the news well, below.<\/strong><\/p>\n<p><strong>HAPPENING TODAY- The <\/strong><strong><a href=\"https:\/\/www.arado.org\/News\/Details?Id=12776\">Sustainability and Governmental Action Forum<\/a><\/strong><strong> will kick off in<\/strong><strong> Cairo today<\/strong>, bringing together global leaders and experts to discuss improving sustainability in government work through private-public partnerships]. The event is hosted by the Arab League\u2019s <a href=\"https:\/\/www.arado.org\/\">Arab Administrative Development Organization<\/a> and will culminate with the publication of the \u201cSustainability and Government Work: The State of Arab Governments\u201d report prepared in cooperation with the UAE.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>THE BIG CLIMATE STORY OUTSIDE THE REGION-<\/strong> <strong>Will we see a first <\/strong><strong>draft of a plastics treaty in November? <\/strong>Around 170 countries agreed on Friday to outline a first draft for a plastics treaty in November, bringing the world one step closer to the first global treaty to limit plastic pollution. The nations agreed during UN treaty talks in Paris last week to prepare a \u201czero draft\u201d text of what could possibly be a legally binding treaty by the start of the next round of talks in Kenya\u2019s Nairobi in November. The agreement comes after the five-day negotiations got off to a poor start due to arguments between delegations on procedural issues. Saudi Arabia, Russia, and China objected to having treaty decisions adopted by majority vote rather than a consensus, which would allow one or a few states to block adoption.<\/p>\n<p><strong>REMEMBER-<\/strong> The UN Environment Program outlined a plan to reduce the world\u2019s plastic waste levels by nearly 80% in less than two decades <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/83a916e9-100e-4119-858c-5ebb739a5056\">in May<\/a>. The report \u2014 released two weeks before the talks in Paris \u2014 champions policy shifts geared toward keeping produced goods in circulation for as long as possible under \u201creuse, recycling, and alternative materials\u201d strategies.<\/p>\n<p><strong>The story made headlines over the weekend in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/environment\/after-rough-start-un-plastic-treaty-talks-end-with-mandate-first-draft-2023-06-02\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/plastic-pollution-treaty-un-paris-talks-c9728d632bdcf505f40224bedf07a8e1\">The Associated Press<\/a> | <a href=\"https:\/\/www.barrons.com\/news\/un-aims-to-deliver-draft-plastics-treaty-by-year-s-end-f88deb08\">AFP<\/a> | <a href=\"https:\/\/www.ft.com\/content\/f9959759-1167-4d0a-a065-be04d074abfd\">Financial Times<\/a> | <a href=\"https:\/\/edition.cnn.com\/videos\/world\/2023\/06\/03\/exp-plastics-summit-david-azoulay-intv-fst-060303aseg1-cnni-world.cnn\">CNN<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things.<\/strong> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.<\/p>\n<p><strong>We have tons more in the pipeline \u2014 come help us build new publications.<\/strong> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.<\/p>\n<p><strong>Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.<\/strong><\/p>\n<p><strong>That said, we're looking for gifted story-tellers from all walks of life and across all professions<\/strong>, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/p>\n<p><strong>NEVER WORKED IN A NEWSROOM BEFORE?<\/strong> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/p>\n<p><strong>During the program you will learn:<\/strong><\/p>\n<ul>\n<li>The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;<\/li>\n<li>Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;<\/li>\n<li>How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;<\/li>\n<li>How to develop sources that will give you the key insights needed to tell a complete story;<\/li>\n<li>How to communicate these stories with the confidence and language of an insider.<\/li>\n<\/ul>\n<p><strong>Not an internship program \u2014 a career:<\/strong> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/p>\n<p><strong>Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/strong> in your subject line.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>SOUNDBITE OF THE WEEK-<\/strong> \u201cWe are at a critical moment in the arc of humanity and the planet. The World Bank Group is being asked to lead the way, to double down on development and climate efforts and to deliver even more impact and results,\u201d the World Bank's new president Ajay Banga said in statements to staff picked up by <a href=\"https:\/\/www.reuters.com\/world\/world-banks-new-chief-asks-staff-double-down-development-climate-efforts-2023-06-02\/\">Reuters<\/a> on Friday. In a memo seen by the newswire, Banga asked the World Bank\u2019s 16k employees to \u201cdouble down\u201d on development and climate efforts, stressing the responsibility \u201cto create a world [devoid of] poverty on a livable planet.\u201d He asked the staff to \u201cmaximize resources and write a new playbook\u2026 take informed risks and forge new partnerships with civil society and multilateral institutions.\u201d Banga also asked that the bank cut lengthy approval times for financing projects in a bid to raise efficiency. \u201cThe process is overly elaborate and subject to multiple review mechanisms that not only cost valuable years but erode staff ambition,\u201d he said, adding that the lengthy process augments a \u201ctrust deficit\u201d among developing nations.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> WATCH THIS SPACE #1- UAE to build EV charging factory in Abu Dhabi: <\/strong>The UAE\u2019s Industry and Advanced Technology Ministry signed a letter of intent with EV solutions firm Shahin to establish an EV charging station factory in Abu Dhabi, <a href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2023\/06\/01\/moiat-partners-with-new-manufacturer-to-develop-ev-charging-station-factory-in-uae\/\">The National<\/a> reported on Thursday. Shahin \u2014 a subsidiary of Dubai-based <a href=\"https:\/\/nevholding.com\/\">NEV Enterprise<\/a> that is currently being established in Abu Dhabi \u2014 aims to fulfill 40% of the country\u2019s direct current charging demands by 2030. The timeline and financials of the project have not been disclosed. The UAE EV market, which is expected to <a href=\"https:\/\/wam.ae\/en\/details\/1395303164094\">grow 27%<\/a> by 2029, currently makes up a little <a href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/05\/29\/electric-vehicles-make-up-more-than-1-of-uae-car-market-energy-minister-says\/\">over 1%<\/a> of the country\u2019s total automotive market. The government has increased the number of EV charging stations in the country by 60% over the last three years to reach 800 charging points, the news outlet quotes UAE Energy and Infrastructure Minister Suhail Al Mazrouei as saying.<\/p>\n<p><strong>WATCH THIS SPACE #2- The Kuwait Oil Company (KOC) will likely award a <\/strong><strong>construction contract for a wind energy project by 3Q 2023<\/strong>, <a href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/kuwaits-koc-likely-to-award-pilot-wind-energy-project-in-q3-cixc10i0\">Zawya<\/a> reported on Friday, citing a source it says has knowledge of the matter. The bid submissions deadline has been extended twice and is now set for 12 June, with the KOC expected to award the contract by early September 2023. The project\u2019s financials have not been disclosed. Back in March, KOC <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0c40335a-2f27-47cb-afef-7cae311f5742\">sent out<\/a> requests for proposals to five companies for the installation of the wind turbine at its Ratqa oil field. The generational capacity will range between 3.4 and 3.6 MW, it noted. Bidders included Elecnor, Vestas Mediterranean, Vensys Energy AG, Power Construction Corporation, and Eno Energy.<\/p>\n<p><strong>WATCH THIS SPACE #3- <\/strong><strong>Global airlines group explores contrail reduction: <\/strong>Global airlines are setting up a task force to limit the creation of contrails \u2014 the ice-particle-filled white lines visible behind airplanes \u2014 in a bid to rein in its contribution to global warming, <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/global-airlines-group-boost-focus-non-co2-emissions-2023-05-31\/\">Reuters<\/a> reports. The move comes as the <a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2023\/\">Annual General Meeting & World Air Transport Summit 2023<\/a> convenes in Istanbul this week and concludes tomorrow. The International Air Transport Association \u2014 representing some 300 major airlines \u2014 is hosting the summit, which includes a discussion on the warming effect of contrails for the first time.<\/p>\n<p><strong>Etihad Airways was ahead of the game:<\/strong> The UAE carrier inked a future carbon credits from contrail management agreement with green aviation firm Satavia back <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe816882-70d1-498c-9017-d4c20fe76a56\">in January<\/a> to produce future carbon credits by managing contrail activity.<\/p>\n<p><strong>The jury is out on contrails: <\/strong>While contrails don\u2019t emit CO2, they can trap radiation and reflect it back down to earth, according to the newswire. \u201cThe annual warming effects of contrails could be two times larger than the cumulative effects from CO2 [emissions from flights],\u201d Imperial College London researcher Roger Teoh told Reuters. Other scientists don\u2019t believe the research behind the impact of contrails is robust enough, the newswire notes.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #4- Clean tech requirements by the EU? <\/strong>EU member states are considering enforcing requirements that at least half of the critical minerals needed by the bloc be processed domestically, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-31\/eu-eyes-raising-key-raw-materials-targets-for-clean-tech\">Bloomberg<\/a> reported last week, citing a document it has seen. An updated proposal by Sweden \u2014 which holds the bloc\u2019s rotating presidency \u2014 would see the requirement raised 10 percentage points from the 40% initially placed by the European Commission. Under the proposal, member states would be granted flexibility on the timeline for giving out permits for strategic projects in critical raw materials. A 10% target for domestic extractions would remain unchanged, while a recycling capacity target would rise to 20% from a previous 15%. The move comes as the EU tries to shore up critical minerals for clean technologies amid fierce competition with the US and China in low-carbon manufacturing.<\/p>\n<p><strong>WATCH THIS SPACE #5- More funding on the way for Tunisia\u2019s EV infrastructure:<\/strong> The Global Environment Fund is providing Tunisia with USD 13 mn to increase the country\u2019s EV charging points to 500 by 2025, <a href=\"https:\/\/www.alhurra.com\/tunisia\/2023\/05\/31\/%D8%AA%D9%88%D9%86%D8%B3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%B7%D9%85%D9%88%D8%AD-%D9%84%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A%D8%A9\">Al Hurra<\/a> reported last week. It is unclear whether the funding is a loan or a grant. The project will be overseen by a national committee formed by Tunisia\u2019s National Agency for Energy Control and the Environment Ministry to oversee the country\u2019s sustainable mobility strategy, which aims to increase the number of EVs in Tunisia to 5k by 2025. The new committee \u2014 which will provide grants up to USD 3k for each EV purchased \u2014 will also be tasked with amending existing regulations to accommodate for the transition to electric vehicles.<\/p>\n<p><strong>DATA POINT- Global renewable power capacity to rise by a third this year:<\/strong> Global renewable capacity is expected to surge by 107 GW \u2014 the largest absolute increase in a year so far \u2014 to reach more than 440 GW in 2023, according to the International Energy Agency\u2019s <a href=\"https:\/\/ent.news\/2023\/6\/1347.pdf\">Renewable Energy Market Update (pdf)<\/a> released last week. The market update, which outlines the 2023 and 2024 global outlook, said that in 2024 total global renewable electricity capacity will see an even sharper rise to reach 4.5 TW, equivalent to the combined power output of China and the US. China will account for some 55% of global additions of renewable power capacity in both 2023 and 2024, the IEA calculated.<\/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>Saudi Arabia will host the <\/strong><strong><a href=\"https:\/\/www.arabchinaconference.com\/en\/\">Arab-Chinese Business Conference<\/a><\/strong><strong> next Sunday, 11 June <\/strong><strong>and Monday, 12 June<\/strong> in Riyadh. The conference will bring together CEOs, business leaders, investors, and entrepreneurs from the Middle East and China to collaborate on new trade and investment initiatives in different sectors, including renewables and minerals. A panel discussion titled Clean Energy and Renewables \u2013 Pathways to Emissions Reduction is scheduled on the first day, according to the <a href=\"https:\/\/ent.news\/2023\/5\/1942.pdf\">program (pdf)<\/a>. The second day will focus on the localization of renewable energy and on value chain opportunities in mining.<\/p>\n<p><strong>The UAE will host <\/strong><strong><a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a><\/strong><strong> on Tuesday, 13 June to Wednesday, 14 June<\/strong> in Dubai. The two-day summit will bring together industry players and experts for conversations on climate change and sustainability and solutions for concurrent climate-related issues in the region. Key themes to be addressed during the summit include industry decarbonization, renewable and clean energy potential and implementation, sustainable building and construction and others.<\/p>\n<p><strong>Morocco will host the <\/strong><strong><a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa<\/a><\/strong><strong>on Tuesday, 13 June to <\/strong><strong>Wednesday, 14 June<\/strong> in Marrakech. The event will bring together stakeholders from the private and public sector to discuss the world\u2019s most pressing topics and assess potential solutions. Those include the impact of a decelerating global economy, spiking food and energy prices, supply-chain shocks and risks of distress among sovereign borrowers.<\/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\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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emissions\/\">emissions<\/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-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/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\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-bank\/\">World Bank<\/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=\"77789\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77790\" 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=\"77790\">\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\">DESALINATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant\/\">\r\n                            Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    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             <!-- <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\/06\/05\/acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1348.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77791\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant\/1348-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1348.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1348.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1348.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1348.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77790\" class=\"content-area-description single-story post-77790 post type-post status-publish format-standard has-post-thumbnail hentry category-desalination tag-acwa-power tag-desalination 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-01\"><\/a> <strong>Jubail 3A desalination plant goes live:<\/strong> Saudi renewables giant Acwa Power, Gulf Investment Corporation (GIC), and Al Bawani Water and Power Company (AWP) have inaugurated the Jubail 3A independent water desalination plant, according to a <a href=\"https:\/\/www.acwapower.com\/news\/acwa-power-inaugurates-jubail-3a-iwp-jazlah-water-desalination-company\/\">statement<\/a>. The companies received the commercial operation certificate from Saudi Water Partnership Co. (SWPC) to begin operations at the kingdom\u2019s first solar-powered desalination project.<\/p>\n<p><strong>What we know:<\/strong> The USD 650 mn project is the first Independent Water Project in the kingdom\u2019s eastern region with a production capacity of 600k cubic meters (cbm) of desalinated water per day to meet growing water demand. It includes a 45.5 MW solar PV power generation facility, which accounts for 20% of the plant\u2019s total energy consumption, and is set to provide clean water to 3 mn people with a \u201crecord-breaking\u201d tariff of 0.41 USD\/cbm using reverse osmosis technology.<\/p>\n<p><strong>Who owns what:<\/strong> The Jazlah company project was delivered through a development consortium comprising Acwa Power with 40.2%, GIC with 40%, and AWP at 19.8%. The project was implemented by the Engineering, Procurement and Construction consortium of Power China, Sepco III, Lantania, and Abengoa, while SWPC is the offtaker.<\/p>\n\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\/desalination\/\">DESALINATION<\/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=\"77792\" 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=\"77792\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/\">\r\n                            Canadian EV company AXL is looking to set up an assembly line in the UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/\" 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\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/')\">\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\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/\">\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=Canadian EV company AXL is looking to set up an assembly line in the UAE&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/\">\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\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/&title=Canadian EV company AXL is looking to set up an assembly line in the UAE\">\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=Canadian+EV+company+AXL+is+looking+to+set+up+an+assembly+line+in+the+UAE+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fcanadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6832.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77793\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/canadian-ev-company-axl-is-looking-to-set-up-an-assembly-line-in-the-uae\/6832-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6832.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"6832.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6832.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6832.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77792\" class=\"content-area-description single-story post-77792 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-electric-vehicles tag-enterpriseclimate tag-evs 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-02\"><\/a> <strong>A new EV assembly line coming to UAE: <\/strong>Canadian EV company AXL \u2014 which <a href=\"https:\/\/uaenews247.com\/2023\/05\/25\/in-its-first-debut-in-the-mena-region-the-canadian-axl-electric-vehicles-unravel-its-sharx-5-suv-at-the-evis-summit\/\">unveiled<\/a> its all-electric <a href=\"https:\/\/axlev.com\/\">SUV Sharx-5<\/a> last month \u2014 has plans to establish a UAE-based assembly line with a 50k production capacity either in Dubai or Abu Dhabi, CEO of AXL Electric Vehicles Ali Eslami told <a href=\"https:\/\/www.khaleejtimes.com\/business\/auto\/uae-electric-carmaker-axl-plans-assembly-unit-in-emirates-create-hundreds-of-jobs\">Khaleej Times<\/a>.<\/p>\n<p><strong>Strategic location:<\/strong> The company \u2014 which currently has one model priced at some USD 40k, according to the news outlet \u2014 is looking to leverage the emirates\u2019 proximity to both the EU and Asian markets to set up its MENA-based assembly unit, Eslami said. The company is currently in talks for land allocation and could start production of its EVs within six to nine months depending on the \u201cavailability of the building and infrastructure,\u201d he added..<\/p>\n<p><strong>Not the first company with assembly plans in MENA: <\/strong>UAE-based car manufacturer <a href=\"https:\/\/www.mglorygroup.com\/\">M Glory<\/a><a href=\"https:\/\/www.mglorygroup.com\/\">Holding<\/a> plans to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1333f98b-6b24-4506-8744-fa8a23e381b7\">establish<\/a> three electric vehicle production factories across MENA in Egypt, the UAE, and Jordan with an investment ticket of USD 550 mn. Renault and Stellantis <a href=\"https:\/\/www.reuters.com\/article\/morocco-electric-aerospace-idAFL8N2Z27AU\">already operate<\/a> EV assembly facilities in Morocco producing 700k cars each year. Citroen also produces around 50k EV buses per year with plans to double that output in two years.<\/p>\n\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\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"77794\" 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=\"77794\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uaes-adnoc-strata-and-belgiums-john-cockerill-sign-agreement-for-uae-based-manufacture-of-hydrogen-electrolyzers\/\">\r\n                            UAE\u2019s Adnoc, Strata, and Belgium\u2019s John Cockerill sign agreement for UAE-based manufacture of hydrogen electrolyzers                        <\/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\/06\/05\/uaes-adnoc-strata-and-belgiums-john-cockerill-sign-agreement-for-uae-based-manufacture-of-hydrogen-electrolyzers\/\" 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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href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uaes-adnoc-strata-and-belgiums-john-cockerill-sign-agreement-for-uae-based-manufacture-of-hydrogen-electrolyzers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1349.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77795\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uaes-adnoc-strata-and-belgiums-john-cockerill-sign-agreement-for-uae-based-manufacture-of-hydrogen-electrolyzers\/1349-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1349.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1349.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1349.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1349.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77794\" class=\"content-area-description single-story post-77794 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-belgium tag-enterpriseclimate tag-green-hydrogen 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-03\"><\/a> <strong>The UAE is getting its first hydrogen electrolyzer plant:<\/strong> State-owned Abu Dhabi National Oil Company (Adnoc) signed a strategic collaboration agreement with UAE\u2019s <a href=\"https:\/\/www.strata.ae\/\">Strata Manufacturing<\/a> and Belgium\u2019s <a href=\"https:\/\/hydrogen.johncockerill.com\/en\/\">John Cockerill Hydrogen<\/a> aiming to manufacture electrolyzers for local use in the UAE and for export, according to a <a href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-john-cockerill-hydrogen-and-strata-manufacturing-to-boost-uaes-hydrogen-economy\">statement<\/a> released on Thursday. The construction timeline, production capacity, and financial details of the plant were not disclosed.<\/p>\n<p><strong>We knew this was coming: <\/strong>The UAE\u2019s Industry and Advanced Technology Minister Sultan Al Jaber said that the country intends to build its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9d5a0bf4-6943-46b5-aac5-fb60cc0a869a\">first hydrogen electrolyzer plant<\/a> last week, as part of over 30 industrial projects worth over AED 6 bn announced during the Make it in the Emirates Forum.<\/p>\n<p><strong>Why is this important? <\/strong>Electrolyzers are the main and most expensive component in a hydrogen facility as it is the device that uses electricity to split water into hydrogen and oxygen. Alkaline and PEM electrolyzers are the most commercially available types, but it\u2019s likely that alkaline designs will have a larger market share than PEM electrolyzers in the short term, the International Energy Agency (IEA) <a href=\"https:\/\/www.iea.org\/reports\/electrolysers\">says<\/a>. It is unclear which technology the new partnership will use.<\/p>\n<p><strong>And it's a cost effective measure: <\/strong>Increases in electrolyzer production volumes globally are expected to reduce costs of electrolyzer technologies, the IEA <a href=\"https:\/\/www.iea.org\/reports\/electrolysers\">says<\/a>. Based on company announcements, the global manufacturing capacity for electrolyzers could reach 65\u202fGW per year by 2030, compared to the 1\u202fGW in play globally by the end of 2022.<\/p>\n<p><strong>REMEMBER- Egypt is getting an electrolyzer plant, too:<\/strong> The European Bank for Reconstruction and Development agreed to provide the Fertiglobe-Scatec-OC-SFE ammonia plant with a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1f8d7402-6d05-4eae-b3b0-b5bb811be7ab\">USD 80 mn loan<\/a> in November to build a 100 MW electrolyzer facility powered by renewable energy.<\/p>\n\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\/belgium\/\">Belgium<\/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\/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=\"77796\" 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=\"77796\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/77796\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77796\" class=\"content-area-description single-story post-77796 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\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=\"77797\" 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=\"77797\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/\">\r\n                            Oman awards three green hydrogen blocks at an estimated investment ticket of USD 20 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Oman awards three green hydrogen blocks at an estimated investment ticket of USD 20 bn&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/&title=Oman awards three green hydrogen blocks at an estimated investment ticket of USD 20 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oman+awards+three+green+hydrogen+blocks+at+an+estimated+investment+ticket+of+USD+20+bn+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Foman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1350.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77798\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/oman-awards-three-green-hydrogen-blocks-at-an-estimated-investment-ticket-of-usd-20-bn\/1350-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1350.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1350.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1350.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1350.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77797\" class=\"content-area-description single-story post-77797 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-enterpriseclimate tag-green-hydrogen tag-oman wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Oman\u2019s Hydrom selects companies for three green hydrogen production plants:<\/strong> Oman\u2019s state-owned hydrogen company <a href=\"https:\/\/hydrom.om\/index.html\">Hydrom<\/a> \u2014 owned by <a href=\"https:\/\/edoman.om\/\">Energy Development Oman<\/a> \u2014 signed three agreements granting the first three blocks of land for planned green hydrogen plants worth USD 20 bn, <a href=\"https:\/\/omannews.gov.om\/topics\/ar\/7\/show\/418600\">Oman News Agency<\/a> (ONA) reported on Thursday. The three projects will have a cumulative production volume of 500k tons annually. The timeline for operational launch and the individual price tags have not been disclosed. Hydrom signed six binding term sheet agreements \u2014 which it said were worth in excess of USD 20 bn at the time \u2014 with several regional and international developers for the production of green hydrogen <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40455595-d905-4d49-a583-ee97e18a20cb\">back in March<\/a>.<\/p>\n<p><strong>The details: <\/strong>Each of the production facilities will span some 320 sq km and will be located in Oman\u2019s Al Wusta governorate and will collectively be powered by 12 GW of renewables projects, according to ONA. The first plant was awarded through a public auction last year to a consortium comprising Copenhagen Infrastructure Partners (CIP), Blue Power Partners (BPP) and Al Khadra. The consortium will produce 200k tons of green hydrogen annually to be used for green steel plants in the Port of Duqm, and the facility will be powered by 4.5 GW of renewable energy. The second facility \u2014 set to be powered by 3.5 GW of clean energy \u2014 has been awarded to a consortium led by BP Oman and will produce 150k tons annually. The third plant has been awarded to the Green Energy Oman consortium which includes Oman\u2019s OQ and Shell Oman. The plant is set to generate c.150k tons and will be powered by 4 GW of renewable energy.<\/p>\n<p><strong>More in the pipeline: <\/strong>Hydrom \u2014 which also signed an agreement for the usufruct of concession plots with Oman\u2019s Energy and Minerals Ministry and the Housing and Urban Planning Ministry for the projects\u2014 established an advisory board tasked with managing and overseeing of utilities for the plants in coordination with the facilities\u2019 developers and Omani utility provides and undisclosed global hydrogen infrastructure developers, the news agency notes. Hydrom also signed a non-binding collaboration agreement with OQ Gas Networks (OQGN) that will see them both partner on green hydrogen pipelines established, according to ONA. Separately, Energy Development Oman (EDO) signed a knowledge transfer agreement with Siemens Energy that will see them partner on green hydrogen-related research and development projects.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77799\" 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=\"77799\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\">\r\n                            Morocco takes the first step in establishing a USD 6.4 bn EV battery \u201cgigafactory\u201d                        <\/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\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\" 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 project is part of an ambitious plan to localize EV battery manufacturing in the country.<\/p>\n<p><strong>What we know:<\/strong> Under the agreement, Gotion High-Tech will set up a \u201cgigafactory\u201d with investments estimated at MAD 65 bn (c. USD 6.4 bn) in Bouknadel. The facility, which will be the first of its kind in Africa, will have a production capacity of 100 GW\/h and will create 25k jobs, according to <a href=\"https:\/\/www.asharqbusiness.com\/article\/50830\/%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-64-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%A8%D8%B7%D8%A7%D8%B1%D9%8A%D8%A7%D8%AA\/\">Alsharq Business<\/a>.<\/p>\n<p><strong>REMEMBER- <\/strong>Morocco has transformed itself into a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/761e8bf1-981e-4621-9635-89883897a9e5\">regional automotive powerhouse<\/a> through smart incentives and consistent government policy, and it is now a key exporter to Europe as well as to other MENA countries, including Egypt. It has put together a comprehensive agenda, from developing a national master plan for electric mobility, designating zones where fossil-fuel cars are banned, giving <a href=\"https:\/\/www.iea.org\/policies\/6993-circulation-tax-exemption-morocco\">tax exemptions on EVs<\/a>, to developing the infrastructure through an <a href=\"https:\/\/www.i-smart.ma\/\">iSmart charging station<\/a>. Morocco is targeting the production of around 1 mn EVs in the next three to four years, according to statements by officials last year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77801\" 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=\"77801\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-bn\/\">\r\n                            EV maker Lucid set to raise USD 3 bn, with KSA\u2019s PIF contributing USD 1.8 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\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-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\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-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\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-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=EV maker Lucid set to raise USD 3 bn, with KSA\u2019s PIF contributing USD 1.8 bn&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-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\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-bn\/&title=EV maker Lucid set to raise USD 3 bn, with KSA\u2019s PIF contributing USD 1.8 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=EV+maker+Lucid+set+to+raise+USD+3+bn%2C+with+KSA%E2%80%99s+PIF+contributing+USD+1.8+bn+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-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\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1351.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77802\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/ev-maker-lucid-set-to-raise-usd-3-bn-with-ksas-pif-contributing-usd-1-8-bn\/1351-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1351.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1351.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1351.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1351.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77801\" class=\"content-area-description single-story post-77801 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseclimate tag-evs tag-lucid-motors tag-pif 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-06\"><\/a> <strong>Lucid is getting more money from Saudi owners:<\/strong> EV maker Lucid Group plans to raise USD 3 bn through a common stock offering, with most the money coming from Lucid\u2019s majority shareholder KSA\u2019s sovereign wealth fund the Public Investment Fund (PIF), according to a <a href=\"https:\/\/ir.lucidmotors.com\/news-releases\/news-release-details\/lucid-group-inc-announces-pricing-public-offering-common-stock\">statement<\/a> released last week. The Saudi sovereign wealth fund owns a 60.46% stake in the California-based EV maker.<\/p>\n<p><strong>What we know:<\/strong> Under an agreement, PIF will purchase some 265.7 mn shares in a private placement set to close on 26 June for c. USD 1.8 bn. The remaining USD 1.2 bn would be raised from a public offering of 173.5 mn shares of common stock, the statement notes. The public offering is expected to close on or around 5 June, it added.<\/p>\n<p><strong>Where the money is going:<\/strong> Lucid plans to use the net proceeds from both the public offering and the private placement by PIF \u201cfor general corporate purposes, which may include, among other things, capital expenditures and working capital.\u201d<\/p>\n<p><strong>Lucid hasn\u2019t been doing so well: <\/strong>Lucid\u2019s shares fell more than 7% in extended trading following the announcement on Wednesday, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-31\/lucid-raising-about-3-billion-with-new-money-from-saudi-owners\">Bloomberg<\/a>. It ended the regular trading day up <a href=\"https:\/\/www.marketwatch.com\/story\/lucid-stock-falls-after-ev-maker-files-for-new-offering-seeking-3-billion-e791b82c\">c. 0.7%<\/a> to USD 7.76. The company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/154b2330-5a84-44d7-95f7-28ab1647cfb7\">has been struggling<\/a> on the back of high costs, production hurdles, and EV competition. It reported quarterly revenues of USD 149.4 mn, down from an average estimate by analysts of USD 209.9 mn, according to Refinitv data. Its quarterly losses widened to USD 779.5 mn, up from USD 604.6 mn in the same quarter last year. The disappointing quarterly performance has pushed the EV manufacturer to revise its annual production plan this year to manufacture over 10k of its luxury EV sedans, down from a previous production plan of up to 14k. It remains a priority for Saudi Arabia, however, as the country is looking to become a hub for automakers, with Lucid planning to build its first overseas production facility in the Gulf country.<\/p>\n\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\/capital-markets\/\">CAPITAL MARKETS<\/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\/lucid-motors\/\">Lucid Motors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/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=\"77803\" 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=\"77803\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/\">\r\n                            UAE lines up climate financing from First Abu Dhabi bank + Mashreq                        <\/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\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/\" 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\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/')\">\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\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/\">\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 lines up climate financing from First Abu Dhabi bank + Mashreq&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/\">\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\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/&title=UAE lines up climate financing from First Abu Dhabi bank + Mashreq\">\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+lines+up+climate+financing+from+First+Abu+Dhabi+bank+%2B+Mashreq+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fuae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq%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\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1352.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77804\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uae-lines-up-climate-financing-from-first-abu-dhabi-bank-mashreq\/1352-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1352.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1352.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1352.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1352.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77803\" class=\"content-area-description single-story post-77803 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-climate-finance tag-enterpriseclimate tag-first-abu-dhabi-bank tag-green-finance tag-mashreq-bank tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>UAE get a climate financing boost:<\/strong> The UAE\u2019s Industry and Advanced Technology Ministry has signed an MoU with First Abu Dhabi Bank (FAB) to unlock AED 5 bn in financing for investors in the industrial and advanced technology sectors, <a href=\"https:\/\/wam.ae\/en\/details\/1395303164441\">Wam<\/a> reported on Thursday. FAB will provide financing solutions to back the adoption of advanced technology in the industrial sector including structured financing, capital investments, business expansion financing, green financing, and support for SMEs and startups.<\/p>\n<p><strong>ALSO- The ministry has signed an MoU with Mashreq to establish an AED 1 bn fund for the <\/strong><strong>industrial sector in the UAE<\/strong>, <a href=\"https:\/\/wam.ae\/en\/details\/1395303164900\">Wam<\/a> reported on Friday. Under the agreement, Mashreq will provide its financing solutions, including Sharia compliant products, to support the adoption of AI in the industrial sector in a bid to slash its carbon footprint. These include green loans and bonds, sustainability-linked and transitional loans and bonds, social loans, trade finance, structured finance, and capital investments.<\/p>\n\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-finance\/\">climate finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/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\/mashreq-bank\/\">Mashreq Bank<\/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=\"77805\" 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=\"77805\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/\">\r\n                            The UAE\u2019s First Abu Dhabi Bank issues USD 600 mn five-year green bond                        <\/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\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/\" 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\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/')\">\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\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The UAE\u2019s First Abu Dhabi Bank issues USD 600 mn five-year green bond&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/\">\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\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/&title=The UAE\u2019s First Abu Dhabi Bank issues USD 600 mn five-year green bond\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+UAE%E2%80%99s+First+Abu+Dhabi+Bank+issues+USD+600+mn+five-year+green+bond+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fthe-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond%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\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77806\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/the-uaes-first-abu-dhabi-bank-issues-usd-600-mn-five-year-green-bond\/711-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"711.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77805\" class=\"content-area-description single-story post-77805 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-first-abu-dhabi-bank tag-green-bonds tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>FAB pulls trigger on landmark green bond issuance:<\/strong> First Abu Dhabi Bank\u2014 the UAE\u2019s largest bank\u2014 has issued a USD 600 mn five-year green bond, the bank said in a <a href=\"https:\/\/www.bankfab.com\/en-ae\/about-fab\/group\/in-the-media\/fab-successfully-prices-usd-600-million-5-year-green-bond\">statement<\/a> on Thursday. The issuance was the third successful public issuance in the USD market by the bank and the first by a MENA financial institution this year, it said.<\/p>\n<p><strong>Details:<\/strong> The green bond was upsized to USD 600 mn from an initial target of USD 500 mn on the back of a 2.8x oversubscribed orderbook, the statement notes. The green bond was priced at 5 bps inside FAB's existing USD curve and was sold at 95 bps over US Treasuries. 85% of the allocation went to global investors, and green investors accounted for 34% of the issuance, representing one of the highest proportions in the market.<\/p>\n\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\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/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\/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=\"77807\" 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=\"77807\">\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\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/\">\r\n                            Spain\u2019s Iberdrola partners with IFC to accelerate renewables roll out in emerging markets including Morocco                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Spain\u2019s Iberdrola partners with IFC to accelerate renewables roll out in emerging markets including Morocco&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/&title=Spain\u2019s Iberdrola partners with IFC to accelerate renewables roll out in emerging markets including Morocco\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Spain%E2%80%99s+Iberdrola+partners+with+IFC+to+accelerate+renewables+roll+out+in+emerging+markets+including+Morocco+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fspains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1353.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77808\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/spains-iberdrola-partners-with-ifc-to-accelerate-renewables-roll-out-in-emerging-markets-including-morocco\/1353-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1353.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1353.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1353.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1353.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77807\" class=\"content-area-description single-story post-77807 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-green-hydrogen tag-morocco tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Morocco will get a boost in climate financing from Iberdrola + IFC:<\/strong> Spain\u2019s Iberdrola and the World Bank\u2019s International Finance Corporation (IFC) have partnered together to support the clean energy transition and decarbonization in developing economies including Morocco, according to a <a href=\"https:\/\/www.iberdrola.com\/press-room\/news\/detail\/we-join-forces-with-the-world-bank-group-to-promote-energy-transition-in-emerging-countries\">company statement<\/a>. As part of the agreement, the two organizations will explore a green loan for the development of Iberdrola\u2019s renewable energy, offshore wind power, and green hydrogen projects located in emerging countries, including Morocco. The expected loan value was not disclosed nor the specific projects being evaluated.<\/p>\n<p><strong>IFC is a big contributor of climate-friendly finance regionally: <\/strong>In May, Coca-Cola\u2019s official bottling partner in Africa signed an agreement with IFC for a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/55ca20ae-1f11-443f-bd9f-32875b5da9d7\">EUR 64 mn<\/a> loan to boost climate-friendly measures and increase plastic recycling across the continent. In the same month, the Sovereign Fund of Egypt said that the World Bank lender will <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d1c572ed-19b8-4119-9e77-ab2ed628d2d9\">support its new renewable-powered desalination projects<\/a>. The IFC extended a green loan of <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10dcc130-f406-43a0-b23d-06358ad2e6a1\">EUR 100 mn<\/a> to Moroccan state-owned fertilizer and phosphate giant OCP Group in April, to help finance the development of four solar plants. The international lender also helped provide <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3353d732-aa27-4d6d-95ba-2de58d5edd02\">USD 500 mn<\/a> for Amea Power\u2019s 560 MW Abydos solar plant and the 505 MW Amunet wind project in Egypt.<\/p>\n\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-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"77809\" 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=\"77809\">\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\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/\">\r\n                            UAE and Brazil talk renewables at BRICS Friends meeting in Cape Town                        <\/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\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/\" 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\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/')\">\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\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/\">\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 and Brazil talk renewables at BRICS Friends meeting in Cape Town&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/\">\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\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/&title=UAE and Brazil talk renewables at BRICS Friends meeting in Cape Town\">\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+and+Brazil+talk+renewables+at+BRICS+Friends+meeting+in+Cape+Town+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fuae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town%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\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1354.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77810\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/uae-and-brazil-talk-renewables-at-brics-friends-meeting-in-cape-town\/1354-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1354.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1354.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1354.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1354.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77809\" class=\"content-area-description single-story post-77809 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-brics tag-climate-diplomacy tag-enterpriseclimate tag-renewables 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-07\"><\/a><strong> UAE + Brazil to partner in renewable energy, climate action:<\/strong> Emirati Foreign Affairs Minister Abdullah bin Zayed Al Nahyan and his Brazilian counterpart Mauro Vieira discussed partnerships in renewable energy and climate action during a BRICS meeting in South Africa, <a href=\"https:\/\/wam.ae\/ar\/details\/1395303164932\">Wam<\/a> reported on Friday. The meeting brought together senior officials from over a dozen countries \u2014 including Saudi Arabia and Iran \u2014 to consider forging closer links across the BRICS bloc which includes Brazil, Russia, India, China, and South Africa. The UAE has made a number of major contributions as a partner of BRICS including joining the bloc\u2019s multilateral Shanghai-based development bank in <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/brics-development-bank-admits-uae-bangladesh-uruguay-new-members-2021-09-02\/\">2021<\/a> and investing in infrastructure, food security, clean energy, transportation, and industry, according to <a href=\"https:\/\/wam.ae\/ar\/details\/1395303164930\">Wam<\/a>.<\/p>\n<p><strong>Oman + Malaysia are looking to expand green partnerships:<\/strong> Oman\u2019s Energy and Minerals Minister Mohsin bin Hamad Al Hadhrami held a meeting with the executives of Malaysia\u2019s state oil company Petronas in Kuala Lumpur to discuss increasing investments in the renewable energy and green hydrogen sector, the <a href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/418686\">Oman News Agency<\/a> reported on Saturday. Hadrami and his accompanying delegation also reviewed potential partnerships for developing carbon capture and storage projects, biofuels, graphene, electric car charging stations, solar panel manufacturing, and exchanging expertise in energy. During his visit, Al Hasrami met with Malaysian Deputy Minister of Foreign Affairs Mohammed Al Amin to discuss mineral and energy cooperation as part of efforts to attract investments in partnership with the Oman Investment Authority and the Public Authority for Special Economic Zones and FreeZones.<\/p>\n<p><strong>ALSO WORTH NOTING-<\/strong><\/p>\n<ul>\n<li><strong>Saudi<\/strong> <strong>Energy Minister<\/strong> Abdulaziz bin Salman and <strong>China's Chairman of the <\/strong><strong>National Energy Authority<\/strong> Zhang Jianhua discussed collaborating on <strong>mining, nuclear energy, renewables, hydrogen, and energy supply chains.<\/strong> (<a href=\"https:\/\/sp.spa.gov.sa\/viewstory.php?lang=ar&newsid=2457738\">Saudi Press Agency<\/a>)<\/li>\n<li><strong>Egypt\u2019s Oil Minister <\/strong>Tarek El Molla and <strong>Czech Ambassador in Cairo <\/strong>Ivan Yoki discussed <strong>potential partnerships in mining, green hydrogen, and renewable energy projects<\/strong> ahead of an upcoming MoU. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0T7UEs56k1zSe5dhpC4HnAqa2uQrbtY48ACNeniC29bXxE4iXUPsW7LwLx5UcD9y4l\">Statement<\/a>)<\/li>\n<li><strong>UAE<\/strong> <strong>Minister of State for Foreign Trade Thani Al Zeyoudi <\/strong>and <strong>Secretary-General of the Scottish Cabinet Secretary for Wellbeing Economy, Fair Work and Energy <\/strong>Neil Gray met to discuss <strong>potential cooperation in renewables projects. <\/strong>The UAE\u2019s Masdar owns a 25% stake in the <a href=\"https:\/\/www.equinor.com\/energy\/hywind-scotland\">30 MW Hywind Scotland<\/a>, the world\u2019s first floating wind farm. (<a href=\"https:\/\/wam.ae\/ar\/details\/1395303164212\">Wam<\/a>)<\/li>\n<\/ul>\n\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\/brics\/\">BRICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77811\" 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=\"77811\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/the-wmo-votes-in-its-first-arab-meteorologist-president\/\">\r\n                            The WMO votes in its first Arab meteorologist president                        <\/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\/06\/05\/the-wmo-votes-in-its-first-arab-meteorologist-president\/\" 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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Al Mandous, who secured 98 votes from the WMO\u2019s 193 member states and territories, is succeeding Germany\u2019s Gerhard Adrian, who served as WMO president since June 2019. Al Mandous, who is also the UAE's permanent representative to the WMO and president of the WMO\u2019s Regional Association II (Asia), is the first Arab meteorologist from Asia to be elected WMO head.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-meteorological-organization\/\">World Meteorological Organization<\/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=\"77813\" 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=\"77813\">\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\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/\">\r\n                            A green Suez Canal by 2030? PLUS: KSA\u2019s RVCMC set to host the world\u2019s largest voluntary carbon credit auction                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=A green Suez Canal by 2030? PLUS: KSA\u2019s RVCMC set to host the world\u2019s largest voluntary carbon credit auction&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/&title=A green Suez Canal by 2030? PLUS: KSA\u2019s RVCMC set to host the world\u2019s largest voluntary carbon credit auction\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+green+Suez+Canal+by+2030%3F+PLUS%3A+KSA%E2%80%99s+RVCMC+set+to+host+the+world%E2%80%99s+largest+voluntary+carbon+credit+auction+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F05%2Fa-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/67.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77814\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/a-green-suez-canal-by-2030-plus-ksas-rvcmc-set-to-host-the-worlds-largest-voluntary-carbon-credit-auction\/67-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/67.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"67.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/67.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/67.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77813\" class=\"content-area-description single-story post-77813 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adnoc tag-also-on-our-radar tag-carbon-markets tag-enterpriseclimate tag-hexagon tag-neom tag-sczone tag-sonatrach tag-suez-canal wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Suez Canal will be a \u201cgreen canal\u201d by 2030<\/strong>, Suez Canal Authority (SCA) Chairman Osama Rabie said during a meeting with International Maritime Organization Secretary-General Kitack Lim on Thursday, according to a <a href=\"https:\/\/bit.ly\/3oJFFV4\">statement<\/a>. The SCA intends to power 16 monitoring stations using new and renewable energy and convert its fleet to operate on natural gas instead of gasoline and diesel, Rabie said.<\/p>\n<p><strong>KSA\u2019s RVCMC to hold world\u2019s largest voluntary carbon credit auction next week:<\/strong> The Regional Voluntary Carbon Market Company (RVCMC) \u2014 established by Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund and the Saudi Tadawul Group \u2014 will hold the world's largest voluntary carbon credit auction on Wednesday, 14 June in Nairobi, <a href=\"https:\/\/cnnbusinessarabic.com\/energy\/25828\/%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B9%D9%82%D8%AF-%D8%A3%D9%83%D8%A8%D8%B1-%D9%85%D8%B2%D8%A7%D8%AF-%D9%84%D8%A8%D9%8A%D8%B9-%D8%A3%D8%B1%D8%B5%D8%AF%D8%A9-%D8%A7\">CNN<\/a> reported last week. The auction will offer over 2 mn tons of carbon credits to over 15 companies from various countries, including Saudi Arabia. Nairobi was selected to host the auction to signal the importance of bringing investments to emerging economies, according to the news outlet.<\/p>\n<p><strong>The company is beating its own record from last year: <\/strong>RVCMC launched its first auction last year \u2014 held in parallel to the company\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/96ce0e75-0c9d-4f03-9e80-cc238211358c\">launch<\/a> \u2014 for the sale of <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3bb1924-9dc1-4866-b00f-d3f50b07744c\">1.4 mn tons<\/a> of carbon credits, which at the time was billed as the world\u2019s largest credit auction.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>APM Terminals Bahrain<\/strong>, the operator of <strong>Khalifa bin Salman Port<\/strong>, will select a contractor for its <strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/949cf8d8-1031-40ad-be23-70089ada957a\">USD 10 mn<\/a><\/strong> <strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/949cf8d8-1031-40ad-be23-70089ada957a\">solar power plant<\/a><\/strong> at the port next month. (<a href=\"http:\/\/tradearabia.com\/news\/HEAL_410002.html\">TradeArabia<\/a>)<\/li>\n<li>UAE\u2019s <strong>Adnoc<\/strong> has signed agreements with over 60 local and global companies to localize critical non-oil products manufacturing and ramp up <strong>decarbonization<\/strong> efforts. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303164003\">Wam<\/a>)<\/li>\n<li><strong>Azerbaijan<\/strong> has discussed new investment opportunities with the UAE\u2019s <strong>Adnoc<\/strong> and renewable energy giant <strong>Masdar<\/strong>. (<a href=\"https:\/\/twitter.com\/ParvizShahbazov\/status\/1664148511909195777\">Tweet<\/a>)<\/li>\n<li><strong>Egypt<\/strong> is in talks with multilateral lender <strong>New Development Bank<\/strong> to provide concessional loans to fund developmental projects in <strong>energy<\/strong>, <strong>transportation<\/strong> and <strong>green transition<\/strong>. (<a href=\"https:\/\/bit.ly\/3WGN1p1\">Finance Ministry Statement<\/a>)<\/li>\n<li><strong>Neom\u2019s <\/strong>water management and utility company <strong>Enowa<\/strong> has begun building <strong>conversion stations<\/strong> for the <strong>3 GW transmission system<\/strong> connecting the <strong>Oxagon<\/strong> to KSA\u2019s port city of <strong>Yanbu<\/strong>. (<a href=\"https:\/\/www.asharqbusiness.com\/article\/50808\/%D8%A8%D8%AF%D8%A1-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D8%AA%D8%AD%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A-%D9%81%D9%8A-%D9%86%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/\">Asharq Business<\/a>)<\/li>\n<li><strong>Algeria\u2019s <\/strong><strong><a href=\"https:\/\/sonatrach.com\/\">Sonatrach<\/a><\/strong> and Brazil\u2019s power manufacturing giant <a href=\"https:\/\/www.weg.net\/institutional\/BR\/en\/\">WEG<\/a> have signed an MoU to expand collaboration in <strong>energy and mining<\/strong>, focusing on wind power. (<a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid0gdVN22LnnKagpn1fvpz3b6ogucgFksrXJk18EadqwUQa8r6MFwk3L6MSEfbZP5pcl\">Statement<\/a>)<\/li>\n<li><strong>Abu Dhabi\u2019s police<\/strong>, in partnership with<strong> Adnoc Distribution<\/strong>, have opened two new avenues for <strong>electric vehicle<\/strong> inspection in the emirate. (<a href=\"https:\/\/wam.ae\/ar\/details\/1395303164982\">Wam<\/a>)<\/li>\n<li>Several private and public institutions took part in the<strong> Saudi-Japanese minerals <\/strong><strong>and mining workshop<\/strong> in <strong>Tokyo<\/strong>. (<a href=\"https:\/\/sp.spa.gov.sa\/viewstory.php?lang=ar&newsid=2457985\">SPA<\/a>)<\/li>\n<\/ul>\n\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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hexagon\/\">Hexagon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/neom\/\">Neom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sczone\/\">SCzone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sonatrach\/\">Sonatrach<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/suez-canal\/\">Suez Canal<\/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=\"77815\" 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=\"77815\">\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\/06\/05\/solar-power-surpasses-coal-plant-power-generation-in-europe-but-theres-a-catch\/\">\r\n                            Solar power surpasses coal plant power generation in Europe, but there\u2019s a catch                        <\/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\/06\/05\/solar-power-surpasses-coal-plant-power-generation-in-europe-but-theres-a-catch\/\" 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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An inconsistency between supply and demand during some of the month\u2019s sunniest days led to power prices turning negative as grid operators were unable to keep up with the renewables power surge. The downside of the solar boom is that technologies that store energy in batteries or through creating green hydrogen aren\u2019t advanced enough to help keep lights on at nighttime or help keep homes warm in winter. \u201cThis summer will be something we\u2019ll have to look at like it\u2019s a postcard from the future. The biggest message will be: we\u2019re not ready,\u201d an analyst told BloombergNEF.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>India <\/strong>is considering <strong>slashing import tax <\/strong>on <strong>solar panels<\/strong> to 20% from 40% to make up for a drop in domestic output as demand for renewable energy picks up. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/india-may-cut-solar-panel-import-tax-make-up-domestic-shortfall-2023-05-30\/\">Reuters<\/a>)<\/li>\n<li>The <strong>EU<\/strong> is set to take <strong>Italy<\/strong> to court over its failure to treat urban<strong> wastewater <\/strong>properly. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/eu-sues-italy-over-failure-treat-urban-waste-water-properly-2023-06-01\/\">Reuters<\/a>)<\/li>\n<li><strong>US lithium giant Albemarle<\/strong> is planning to bring another domestic <strong>lithium mine<\/strong> online by <strong>2027<\/strong>. The plant is located in <strong>Kings Mountain, North Carolina<\/strong>. Lithium is an essential component for EV battery manufacturing (<a href=\"https:\/\/www.cnbc.com\/2023\/06\/03\/the-rise-of-albemarle-the-worlds-largest-lithium-producer.html\">CNBC<\/a>)<\/li>\n<\/ul>\n\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\/eu\/\">EU<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77817\" 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\/06\/05\/77817\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77817\" class=\"content-area-description single-story post-77817 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>30 May-2 June (Tuesday-Friday): <a href=\"https:\/\/wcef2023.com\/\">World Circular Economy Forum 2023<\/a>, Helsinki, Finland.<\/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>11-12 June (Sunday-Monday): <a href=\"https:\/\/www.arabchinaconference.com\/en\/\">Arab-Chinese Business Conference<\/a>, Riyadh, Saudi Arabia.<\/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>22-23 June (Thursday-Friday) The UN\u2019s <a href=\"https:\/\/climatechampions.unfccc.int\/event\/summit-for-a-new-global-financing-pact\/\">Summit for a New Global Financing Pact<\/a>, Paris, France.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>3-7 July (Monday-Friday): <a href=\"https:\/\/aic2023.geo.unibuc.ro\/en\/\">The 36th Conference of the International Association of Climatology<\/a>, Bucharest, Romania.<\/p>\n<p>22-23 July (Saturday-Sunday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Second COP27 transitional committee workshop<\/a>, Bangkok, Thailand.<\/p>\n<p>TBD: <a href=\"https:\/\/www.facebook.com\/EGY.Environment\/posts\/pfbid02AYrL9tbYtkBKjqFzfhVFqssS5ZazH3KNVfq1awDFEEPuszMVK6Ytkg2WzUVisy4fl\">Egypt\u2019s post-COP27 Environmental and Climate Investment Forum<\/a>, hosted by Egypt, Switzerland and UNIDO.<\/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>Egypt set to <a href=\"https:\/\/bit.ly\/3MTNCjG\">launch alliance<\/a> to shore up climate financing in developing countries<\/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>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><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\">International Union for Conservation of Nature World Conservation Congress<\/a>, Abu Dhabi, UAE.<\/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\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":77786,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77785","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fb63d623-ea38-4bb1-8241-2b0d19185b7c","teaser":"","photo_url":"https:\/\/ent.news\/2021\/5\/1505.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant\/\" \/>\n<meta property=\"og:locale\" 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