{"id":77863,"date":"2023-06-07T01:00:10","date_gmt":"2023-06-07T01:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77863"},"modified":"2025-12-15T09:04:10","modified_gmt":"2025-12-15T09:04:10","slug":"masdar-led-consortium-inks-land-allocation-agreement-for-10-gw-wind-farm-in-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-led-consortium-inks-land-allocation-agreement-for-10-gw-wind-farm-in-egypt\/","title":{"rendered":"Masdar-led consortium inks land allocation agreement for 10 GW wind farm in Egypt"},"content":{"rendered":"<section id=\"77865\" 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=\"77865\">\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\/07\/today-masdar-led-consortium-has-a-land-agreement-in-place-for-10-gw-egyptian-wind-farm\/\">\r\n                            TODAY: Masdar-led consortium has a land agreement in place for 10 GW Egyptian wind farm                        <\/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\/07\/today-masdar-led-consortium-has-a-land-agreement-in-place-for-10-gw-egyptian-wind-farm\/\" 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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Let\u2019s jump in.<\/p>\n<p><strong>THE BIG CLIMATE STORIES- <\/strong>UAE\u2019s Masdar, Infinity Power, and Hassan Allam Utilities signed a land allocation agreement with the Egyptian government for the 10 GW wind farm and KSA\u2019s SABIC Agri-Nutrients has sent its first shipment of low-carbon ammonia to Taiwan.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on these stories and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong>Canadian wildfire smoke triggered health alerts from Environment Canada yesterday as the country remains on track for its worst-year ever of destruction amid an early start to its intense wildfire season. The smoke has polluted air over Toronto and Ottawa on the back of blazes in nearly all of Canada\u2019s provinces and territories. \u201cSmoke plumes from local forest fires as well as forest fires in Quebec have resulted in deteriorated air quality,\u201d Environment Canada said, putting air quality in category 10+, the worst level on Environment Canada's Air Quality Health Index. The smoke from the Canadian wildfires has moved south, covering much of the eastern US and Great Lakes to impact New York City.<\/p>\n<p><strong>The story grabbed headlines in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/americas\/toronto-ottawa-covered-smoke-wildfires-2023-06-06\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-06\/nyc-is-bathed-in-smoke-from-canadian-wildfires-weather-watch\">Bloomberg<\/a> | <a href=\"https:\/\/edition.cnn.com\/2023\/06\/05\/weather\/new-york-city-haze-northeast-smoke-canada-fire-wxn\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.nbcnews.com\/science\/environment\/canada-wildfires-smoke-air-quality-rcna87732\">NBC News<\/a><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>WATCH THIS SPACE #1- A new green hydrogen project in Egypt?<\/strong> A consortium comprising real estate developer GV Developments and unnamed companies from Egypt, the US, and France will sign the framework agreement for a utility-scale green hydrogen and ammonia production project in Egypt\u2019s Tarboul Industrial City by the end of the month, GV executives confirmed to Enterprise Climate yesterday. \u201cFinal contracts will be signed at a later stage,\u201d GV Group Chairman Sherif Hamouda said. \u201cThis shows how far Tarboul City is faring in terms of sustainability and taking the lead in the green industry,\u201d said GV Developments Group Chief Business Development Officer Ahmed Abdel Ghany. They did not name the companies involved in the consortium nor the plant\u2019s projected production capacity or cost.<\/p>\n<p><strong>WATCH THIS SPACE #2- Muscat wants to overhaul public transport in a bid to <\/strong><strong>reach net zero: <\/strong>The Greater Muscat Structure Plan has been submitted to Oman\u2019s Housing and Urban Planning Ministry in a bid to help the country realize its carbon-neutrality targets by 2050, <a href=\"https:\/\/www.thenationalnews.com\/gulf-news\/oman\/2023\/06\/06\/muscat-transport-plan-includes-water-taxis-metro-and-new-bus-routes\/\">The National<\/a> reports. The new sustainable mobility plan \u2014 due to be officially published in 3Q \u2014 involves the establishment of a light railway spanning some 54 km, water taxis to cover the full length of Muscat\u2019s 175 km coastline, and the launch of a new bus system in a bid to put approximately a third of Muscat\u2019s population within a 20-minute walk from public transport. Some 1.5 mn cars were registered in the country last year alone partly on the back of inadequate public transport networks.<\/p>\n<p><strong>WATCH THIS SPACE #3- Egypt ramps up public sector spending on renewables: <\/strong>Egypt plans to increase public green investments to 50% of total investments by FY 2024-25, up from the current 30-40%, according to a Planning and Economic Development <a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/pfbid02ryP1jHqkj7eevDNVaptP4P5mVFougkdZGpK4UTynQmrCaaAKzB5MU1FPiwaKnwRCl\">statement<\/a>. A draft economic and social development plan, <a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/pfbid0WaCXL3ai3FN62p42aDKrVBEUJanCH5KP8PPRAE6BKrppunmdytG45dPNzWWUNPnxl\">presented<\/a> by Planning Minister Hala El Said before the Senate, sets out targets for the government to complete the second phase of the climate risk mapping project, expand the industrial emission monitoring network by adding 13 new monitoring points, and carry out 12 field research trips to monitor water quality in the Mediterranean Sea, Red Sea, and local lakes. The plan has been passed to the House of Representatives for discussion and final approval.<\/p>\n<p><strong>WATCH THIS SPACE #4<\/strong><strong>- Bonn Climate Change Conference kicks off without final<\/strong> <strong>agenda: <\/strong>The Bonn Climate Change Conference \u2014 set to conclude on 15 June \u2014 has kicked off without agreeing on a final agenda for technical discussions, casting doubts on whether the conference will yield a concrete program for COP28, <a href=\"https:\/\/www.reuters.com\/world\/un-climate-talks-germany-kick-off-with-no-final-agenda-2023-06-05\/\">Reuters<\/a> reports. The Bonn conference aims to prepare decisions for adoption at COP28 and is considered a pulse check for how ambitious talks will be at the global climate conference.<\/p>\n<p><strong>Essential preparations for COP28:<\/strong> Although months of discussions have been taking place since COP27 in Egypt, no agreement has been reached on adopting the agendas proposed by the COP permanent subsidiary bodies for the Bonn conference, UN Subsidiary Body for Implementation Chair Nabeel Munir said at Bonn. While the non-adoption of an agenda is \u201cnot uncommon in a party driven process,\u201d making as much progress as possible during Bonn is crucial, since the conference will set the technical groundwork for the political decisions required at COP28, said executive secretary of the UN Framework Convention on Climate Change Simon Stiell.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE<\/strong><strong> #5- Carbon removal industry\u2019s fate in the balance? <\/strong>A leaked UN document says that nature-based carbon dioxide removal (CDR) methods \u2014 such as tree-planting \u2014 are preferable to those that use machines or other technology, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-04\/united-nations-climate-change-group-working-to-define-carbon-markets?srnd=green\">Bloomberg<\/a> reports. If published, the <a href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/a64-sb005-aa-a09.pdf\">note<\/a> could have negative repercussions for the carbon offset market, which is estimated at USD 2 bn today. The note refers to direct air capture \u2014 grabbing carbon directly from the atmosphere \u2014 rather than carbon capture and storage technologies that capture carbon from the emission source.<\/p>\n<p><strong>What\u2019s the UN\u2019s reasoning?<\/strong> According to the UN note, the effectiveness of direct-air capture of CO2 in mitigating climate change is \u201ctechnologically and economically unproven,\u201d given that it is only able to remove a few thousand tons of carbon a year and remains expensive and energy intensive. Technology-based removals are also \u201cnot suitable for implementation in developing countries and do not contribute to reducing the global mitigation costs,\u201d the note added.<\/p>\n<p><strong>Nature-based solutions aren\u2019t all positive either:<\/strong> While nature-based solutions are cheaper and more established, they \u201chave a shaky history when it comes to reliability and durability,\u201d not to mention that they require wide tracts of land to be effective, Bloomberg said.<\/p>\n<p><strong>ALSO- Governments are realizing there is much to gain from the carbon market:<\/strong> A growing number of governments want to capitalize on the USD 2 bn market by taxing, regulating, or restricting trade in credits generated within their borders, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-06\/global-carbon-market-countries-start-to-set-new-rules-for-credits-offsets?srnd=green\">Bloomberg<\/a> reported, citing the governments of Indonesia, Kenya, and Honduras. By regulating the carbon market, governments can raise revenues or collect credits that could be put toward their own national climate goals, as well as gain \u201ca slice of the revenues made by foreign project developers.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>WATCH THIS SPACE #6- A new EV chapter for Ferrari:<\/strong> Italian luxury automaker Ferrari\u2019s factory for electric supercars will launch operations in June 2024, CEO Benedetto Vigna told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-05\/ferrari-s-new-plant-for-electric-supercars-to-be-ready-next-year?srnd=green\">Bloomberg<\/a> on Monday. The automaker plans to unveil its first fully electric vehicle in the fourth quarter of 2025, Vigna said. He added that battery-only and plug-in hybrid models will dominate the automaker\u2019s portfolio during the second half of the decade.<\/p>\n<p><strong>WORTH READING- Rich countries could pay reparations for excessive emissions:<\/strong> Over-emitting rich countries could be liable to pay up to USD 192 tn in climate reparations to the rest of the world by 2050, analysis published in the journal <a href=\"https:\/\/www.nature.com\/articles\/s41893-023-01130-8\">Nature Sustainability<\/a> on Monday showed. Most of the reparations would be owed by the US, the UK, and the EU, which are the world\u2019s top emitters, according to tweets by Jason Hickel, co-author and professor at the Institute of Environmental Science and Technology at the Autonomous University of Barcelona. The study\u2019s scope only covers reparations owed for atmospheric appropriation, Hickel said, stressing that this should be considered in addition to other costs related to transition, adaptation, and damages. Read the full thread <a href=\"https:\/\/twitter.com\/jasonhickel\/status\/1665738263364096001\">here<\/a>.<\/p>\n<p><strong>Atmospheric appropriation? <\/strong>\u201cNot all countries are equally responsible for the depletion of carbon budgets, however; some nations have contributed more to causing this crisis than others. This disproportionate historical responsibility is problematic from a climate justice perspective that recognizes the atmosphere as a shared commons, to which all people are entitled to a fair and equitable use,\u201d the research says.<\/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>***<\/p>\n<p><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>THE DANGER ZONE- New record: CO2 emissions are now 50% higher than <\/strong><strong>pre-industrial volumes<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/environment\/atmospheric-co2-now-50-higher-than-pre-industrial-level-noaa-2023-06-05\/\">Reuters<\/a> reports, citing research by the US National Oceanic and Atmospheric Administration (NOAA) and the Scripps Institute of Oceanography, both of which measured greenhouse gas emissions above a volcano in the US. Atmospheric carbon dioxide levels observed above the Mauna Loa Atmospheric Baseline Observatory in Hawaii reached 424 parts per mn (ppm) last month, up 3 ppm from the previous record in 2022. CO2 emissions are typically recorded in May because that is the month carbon levels peak in the Northern Hemisphere, Reuters notes, adding that Mauna Loa Atmospheric Baseline Observatory began recording GHG emissions back in 1958 when average emissions totaled 320 ppm. The steady ascent in carbon levels since records began is \u201ca direct result of human activity,\u201d the newswire quotes NOAA Administrator Rick Spinrad as saying.<\/p>\n<hr class=\"grey-line\">\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>France will host <\/strong><strong><a href=\"https:\/\/nouveaupactefinancier.org\/en.php\">The Summit for a New Global Financial Pact<\/a><\/strong><strong>on Thursday, 22 June to <\/strong><strong>Friday, 23 June <\/strong>in Paris. The two-day summit will bring together heads of states and heads of multilateral development banks, international organizations, the private sector and international NGOs to shape a new finance \u201ctoolbox\u201d and \u201cpave the way towards a more balanced financial partnership between the north and south.\u201d It will also see new agreements in a bid to relieve debt distress and allow countries to access additional financing to invest in sustainable development and slash emissions.<\/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\" 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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=\"77868\" 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=\"77868\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/masdar-led-consortium-inks-land-allocation-agreement-for-10-gw-wind-farm-in-egypt\/\">\r\n                            Masdar-led consortium inks land allocation agreement for 10 GW wind farm in Egypt                        <\/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\" 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        <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/masdar-led-consortium-inks-land-allocation-agreement-for-10-gw-wind-farm-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/127.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77869\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/masdar-led-consortium-inks-land-allocation-agreement-for-10-gw-wind-farm-in-egypt\/127-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/127.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"127.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/127.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/127.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77868\" class=\"content-area-description single-story post-77868 post type-post status-publish format-standard has-post-thumbnail hentry category-wind tag-egypt tag-enterpriseclimate tag-green-hydrogen tag-masdar tag-renewables tag-wind tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> Masdar-led consortium secures land for mega wind farm in Egypt:<\/strong> UAE\u2019s Masdar, Infinity Power, and Hassan Allam Utilities signed a land allocation agreement with the Egyptian government for the consortium\u2019s planned 10 GW wind farm, according to a press conference aired on Egyptian state television yesterday (<a href=\"https:\/\/youtu.be\/Wu9Gkkhg8ic?t=720\">watch, runtime 37:05<\/a>). The agreement comes eight months after the companies <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/952ee209-52e7-435e-860b-caf16ba6251b\">signed<\/a> an MoU on the sidelines of COP27. Details on when the project is expected to come online were not provided, but the wind farm is expected to cost c. USD 10 bn.<\/p>\n<p><strong>What we know: <\/strong>The project will produce 47.7k GWh of clean energy annually, which will save the country some USD 5 bn per year by minimizing the need for natgas consumption, Masdar CEO Mohamed Jameel Al Ramahi told the press (<a href=\"https:\/\/youtu.be\/Wu9Gkkhg8ic?t=479\">watch from 7:59<\/a>). The onshore wind project is set to be one of the largest wind farms globally and the largest in Africa and offset nearly 24 mn tons of CO2 equivalent annually, according to a <a href=\"https:\/\/ent.news\/2023\/6\/1360.pdf\">press release (pdf)<\/a>.<\/p>\n<p><strong>More details:<\/strong> The project, which will be located in Egypt\u2019s Sohag governorate, will offset as much as 10% of Egypt\u2019s total carbon footprint, according to Al Ramahi. The developers will in the \u201ccoming period\u201d carry out feasibility, investor onboarding and environmental studies to bring the project online, Al Ramahi <a href=\"https:\/\/youtu.be\/Wu9Gkkhg8ic?t=270\">said<\/a>. The developers expect the project will reach financial close in no less than a year, he added (<a href=\"https:\/\/youtu.be\/Wu9Gkkhg8ic?t=1049\">watch, runtime, 17:29<\/a>). It is expected to help Egypt meet its targets of sourcing 42% of its energy from renewables by 2030, according to the statement.<\/p>\n<p><strong>Export potential?<\/strong> The Egyptian government did not clearly state if the energy generated from the consortium\u2019s wind plant would be exported to foreign markets, but noted it is is looking to export energy in general to Libya, Sudan, and to the GCC through its planned <a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/20\/egypt-saudi-electricity-interconnection-finally-has-a-timeline-84594\/#:~:text=About%20the%20project%3A%20The%20Egypt,Badr%20city%2C%20east%20of%20Cairo.\">interconnector with Saudi Arabia<\/a>, and to Europe via its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb41cd3c-8caa-4f64-8682-be3dbf55dd71\">3 GW Greece-Egypt Interconnector (GREGY)<\/a> during the presser (<a href=\"https:\/\/youtu.be\/Wu9Gkkhg8ic?t=1208\">watch, runtime, 20:08<\/a>). Infinity Power \u2014 part of the developers on the 10 GW wind farm \u2014 signed an MoU <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/414aad37-9a32-4305-b52b-01080a56d104\">last month<\/a> with Greece-based Copelouzos Group to explore the feasibility of jointly developing renewable energy projects to supply the 3 GW interconnector.<\/p>\n<p><strong>Big FDI potential for Egypt: <\/strong>The consortium is expected to bring in an estimated USD 20 bn in direct investments into the country \u2014 USD 10 bn through the 10 GW wind plant, and USD 4 bn for their <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1f8d7402-6d05-4eae-b3b0-b5bb811be7ab\">green hydrogen plant<\/a>, which is planned to have a 480k ton yearly generational capacity, and a final USD 6 bn to bring online the 7 GW of clean energy that will power their green hydrogen facility, Al Ramahi said (<a href=\"https:\/\/youtu.be\/Wu9Gkkhg8ic?t=1837\">watch, runtime, 30:37<\/a>).<\/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\/egypt\/\">Egypt<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind\/\">wind<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77870\" 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=\"77870\">\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\">Ammonia<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/\">\r\n                            KSA\u2019s SABIC ships 5k metric tons of low-carbon ammonia to Taiwan                        <\/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\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/\" 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\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/')\">\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\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=KSA\u2019s SABIC ships 5k metric tons of low-carbon ammonia to Taiwan&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/\">\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\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/&title=KSA\u2019s SABIC ships 5k metric tons of low-carbon ammonia to Taiwan\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=KSA%E2%80%99s+SABIC+ships+5k+metric+tons+of+low-carbon+ammonia+to+Taiwan+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F07%2Fksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan%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\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1361.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77871\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/ksas-sabic-ships-5k-metric-tons-of-low-carbon-ammonia-to-taiwan\/1361-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1361.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1361.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1361.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1361.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77870\" class=\"content-area-description single-story post-77870 post type-post status-publish format-standard has-post-thumbnail hentry category-ammonia tag-ammonia tag-enterpriseclimate tag-sabic tag-saudi-arabia tag-taiwan 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>Saudi chemical manufacturer SABIC Agri-Nutrients shipped its first 5k metric ton <\/strong><strong>load of low-carbon ammonia to Taiwan<\/strong>, according to a <a href=\"https:\/\/www.sabic.com\/en\/news\/40978-sabic-agri-nutrients-sends-first-commercial-shipment-of-low-carbon-ammonia-to-taiwan-fertilizer-company\">statement<\/a>. The shipment originated from Jubail and was shipped to the Taiwan Fertiliser Company (TFC). An expected date of arrival and details on whether the shipment is blue or green ammonia have not been disclosed.<\/p>\n<p><strong>SABIC is on a roll:<\/strong> SABIC shipped a 5k ton load of low-carbon ammonia to India in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cde05ac7-f056-4ead-89a0-f4c9766e737c\">May<\/a>, an unknown quantity to Japan in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9cf5ece-af37-4c20-916c-e08f3ef3bbd4\">April<\/a>, and 25k tons of low-carbon blue ammonia to South Korea last <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cc2bd5c8-79fc-4993-8806-6cac0e90c6fc\">November<\/a>.<\/p>\n<p><strong>Ma\u2019aden is not far behind:<\/strong> Saudi mining company Ma\u2019aden signed an agreement with TFC in March to export an unknown volume of blue ammonia, one week after <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae7ce2a6-4255-4f8c-9da1-c31f93e4e4c2\">inking an agreement<\/a> with Japanese industrial conglomerate Mitsui & Co, marking the mining companies first planned shipments to both Taiwan and Japan.<\/p>\n<p><strong>REMEMBER-<\/strong> Blue ammonia \u2014 the same as conventional ammonia but with the CO2 byproduct captured and stored during production \u2014 is a carrier for hydrogen, which many in industry are tipping as one of the fuels of the future for hard-to-decarbonize industries. Blue ammonia can be used to produce clean urea fertilizers, to fuel ships, to power cement production more sustainably, and to fire factories.<\/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\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sabic\/\">Sabic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/taiwan\/\">Taiwan<\/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=\"77872\" 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=\"77872\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/77872\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77872\" class=\"content-area-description single-story post-77872 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=\"77873\" 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=\"77873\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/\">\r\n                            Bahrain\u2019s Investcorp could be setting up a climate-focused investment vehicle before COP28                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bahrain\u2019s Investcorp could be setting up a climate-focused investment vehicle before COP28&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/&title=Bahrain\u2019s Investcorp could be setting up a climate-focused investment vehicle before COP28\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bahrain%E2%80%99s+Investcorp+could+be+setting+up+a+climate-focused+investment+vehicle+before+COP28+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F07%2Fbahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1882.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77874\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/bahrains-investcorp-could-be-setting-up-a-climate-focused-investment-vehicle-before-cop28\/1882-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1882.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1882.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1882.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1882.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77873\" class=\"content-area-description single-story post-77873 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-bahrain tag-climate-investments tag-enterpriseclimate tag-green-finance tag-investcorp tag-investment-watch 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>A new climate-focused investment platform before COP28? <\/strong>Bahrain-based alternative asset manager Investcorp plans to have a new climate-focused investment platform up and running before COP28 kicks off in November, Co-CEO Rishi Kapoor told <a href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2023\/06\/06\/investcorp-set-to-launch-new-climate-focused-investment-platform-before-cop28\/\">The National<\/a>. The company is in the process of establishing the new climate-focused growth capital platform, which is \u201calready beyond the initial creation and conceptualisation stage,\u201d Kapoor said. The final size of the funding Investcorp plans to raise for the new investment vehicle is yet to be decided, he said.<\/p>\n<p><strong>What we know:<\/strong> The new investment vehicle will grab stakes in companies operating in various sectors including mobility, climate technology, carbon management, and energy transition and storage industries, Kapoor said. Investcorp will make necessary growth capital accessible to energy transition technology companies that require funding to grow. It is set to invest between USD 25 mn and USD 75 mn either directly or through partners to increase green assets under its private equity portfolio.<\/p>\n<p><strong>What they said:<\/strong> \u201cBy the time COP28 comes around, we're going to have all the building blocks and the foundation well in place to be able to deliver on the commitment to be a steward of investor capital, towards the commercial scale-up of these technologies,\u201d Kapoor said, adding that North America will be a leading target market for the new investment fund, with possible investment targets in Europe, parts of Asia, and the Middle East.<\/p>\n<p><strong>Investcorp is on a roll:<\/strong> Tuesday\u2019s announcement comes weeks after the company acquired a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c48059ea-5f7a-4c55-a9c0-c95c0e199a84\">controlling stake<\/a> in China\u2019s renewable energy critical components manufacturer Shandong Jianuo Electronics, marking the asset manager\u2019s \u201cfirst control buyout in China.\u201d Its first controlling buyout in the world\u2019s largest economy came months after it partnered with Hong Kong-based private equity investment arm Fung Capital to <a href=\"https:\/\/www.investcorp.com\/investcorp-and-fung-capital-announce-new-us-500m-fund-during-the-future-investment-initiative\/\">set up a USD 500 mn fund<\/a>to invest in mid-cap companies across China\u2019s Greater Bay Area (GBA).<\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-investments\/\">climate investments<\/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\/investcorp\/\">Investcorp<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77875\" 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=\"77875\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\">\r\n                            EFG Holding-backed Ignis prepares to sell five solar plants                        <\/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\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\" 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\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/')\">\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\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\">\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=EFG Holding-backed Ignis prepares to sell five solar plants&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\">\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\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/&title=EFG Holding-backed Ignis prepares to sell five solar plants\">\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=EFG+Holding-backed+Ignis+prepares+to+sell+five+solar+plants+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F07%2Fefg-holding-backed-ignis-prepares-to-sell-five-solar-plants%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\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77876\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/325-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"325.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77875\" class=\"content-area-description single-story post-77875 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-efg-holding tag-egypt tag-energy tag-enterpriseclimate tag-ignis-energia tag-renewables tag-solar tag-vortex-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ignis to sell EUR 300 mn of its solar portfolio:<\/strong> Spanish renewables developer Ignis Energia is selling five solar power projects worth some EUR 300 mn, reports Spanish newspaper <a href=\"https:\/\/amp.expansion.com\/empresas\/energia\/2023\/06\/06\/647e82a1468aeb73388b45a2.html\">Expansion<\/a> in a story picked up by <a href=\"https:\/\/www.reuters.com\/article\/idUSL1N37Y0GX\">Reuters<\/a>, with the renewable energy firm hiring investment bank Lazard to work on the sale. The portfolio of projects up for sale has a combined electricity capacity of 380 MW that is expected to come online late 2024.<\/p>\n<p><strong>The Egypt connection:<\/strong> Egyptian financial institution EFG Holding\u2019s clean energy investment platform Vortex Energy signed an agreement in 2021 to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65a8fe4f-1dec-49a2-b755-187b7dec50cc\">invest EUR 625 mn<\/a> in the company for what media reported was a 49% stake. Vortex is making incremental equity investments in the firm, announcing separate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e38d5e96-ec7c-46c6-84d4-cf04f8d47e24\">EUR 222 mn<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51596a97-9bab-416d-aed4-c225030e49eb\">EUR 46 mn<\/a> commitments during 2022. The investment was made through the renewables-focused Vortex Energy IV Fund, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86c5a819-d5d5-4755-af2f-c9bbfdb504e8\">reached its first close<\/a> of USD 200 mn in July 2021.<\/p>\n<p><strong>The next round of investment is expected soon:<\/strong> Vortex said last year that it would invest another EUR 176 mn in the company in 1Q 2023, with the remaining EUR 181 mn coming after.<\/p>\n<p><strong>Ignis is one of the largest solar energy companies in Spain:<\/strong> The company has 20 GW of projects under development and 4.5 GW of assets under management.<\/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\/efg-holding\/\">EFG Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ignis-energia\/\">Ignis Energia<\/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\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/vortex-energy\/\">Vortex Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77877\" 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=\"77877\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/\">\r\n                            New tech for lithium extraction from brine will make the process more eco-friendly and efficient                        <\/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\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/\" 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\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/')\">\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\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/\">\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=New tech for lithium extraction from brine will make the process more eco-friendly and efficient&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/\">\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\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/&title=New tech for lithium extraction from brine will make the process more eco-friendly and efficient\">\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=New+tech+for+lithium+extraction+from+brine+will+make+the+process+more+eco-friendly+and+efficient+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F07%2Fnew-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient%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\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/951.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77878\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/new-tech-for-lithium-extraction-from-brine-will-make-the-process-more-eco-friendly-and-efficient\/951-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/951.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"951.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/951.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/951.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77877\" class=\"content-area-description single-story post-77877 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-evs tag-minerals tag-mining tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Automakers using new tech to extract lithium from brine for use in EV batteries:<\/strong> As automakers set ambitious EV production targets that may require a 20-fold increase in lithium supply, companies are looking to shift from mining lithium from hard rock to mining it from brine, where the mineral is more abundant but less efficient to extract. However, newly developed tech is making mining lithium from brine more feasible, <a href=\"https:\/\/www.cnbc.com\/2023\/06\/05\/how-new-lithium-extraction-tech-could-help-us-meet-ev-targets.html\">CNBC<\/a> reports.<\/p>\n<p><strong>Why had they previously shied away from brine?<\/strong> Traditional methods of mining from brine involve evaporating it in massive pools over 18 months until high concentrations of lithium are left behind. While the process is simple, it requires a lot of land and is disruptive to the environment, CNBC said. Lilac is one of several companies piloting \u201cdirect lithium extraction,\u201d which puts the brine through a series of chemical processes to extract the lithium before injecting the brine back underground. Through this method, <a href=\"https:\/\/livent.com\/product\/lithium-carbonate-battery-grade\/#:~:text=Appearance%3A%20An%20odorless%20white%2C%20free,in%20making%20critical%20battery%20materials.\">battery-grade lithium carbonate<\/a> is produced within a matter of hours without the need to transport concentrated brine to a separate processing facility. The company expects to have its first commercial-scale module operating before the end of 2024, while lithium extractor EnergyX aims to have the first two demonstration processing plants running by the end of this 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\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77879\" 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=\"77879\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/\">\r\n                            Elec\u2019Recyclage Tunisie\u2019s waste management facility is coming online this week                        <\/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\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/\" 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\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/')\">\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\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/\">\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=Elec\u2019Recyclage Tunisie\u2019s waste management facility is coming online this week&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/\">\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\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/&title=Elec\u2019Recyclage Tunisie\u2019s waste management facility is coming online this week\">\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=Elec%E2%80%99Recyclage+Tunisie%E2%80%99s+waste+management+facility+is+coming+online+this+week+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F07%2Felecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week%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\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1362.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77880\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/elecrecyclage-tunisies-waste-management-facility-is-coming-online-this-week\/1362-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1362.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1362.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1362.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1362.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77879\" class=\"content-area-description single-story post-77879 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-cop28 tag-enterpriseclimate tag-green-finance tag-tunisia tag-uae tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Tunisia\u2019s waste management facility coming online this week:<\/strong> <a href=\"https:\/\/elecrecyclage.tn\/?fbclid=IwAR27HK0arO_dMU3K_sRFRE2_HZ8QjdAAKP-1evrvKYD0csS_ODJkKvwA4lY\">Elec\u2019Recyclage<\/a><a href=\"https:\/\/elecrecyclage.tn\/?fbclid=IwAR27HK0arO_dMU3K_sRFRE2_HZ8QjdAAKP-1evrvKYD0csS_ODJkKvwA4lY\">Tunisie<\/a> will launch its waste recycling facility in Tunisia by Friday in a ceremony that will be attended by European Bank for Reconstruction and Development (EBRD) First Vice President J\u00fcrgen Rigterink, according to a <a href=\"https:\/\/www.ebrd.com\/news\/2023\/ebrd-first-vice-president-visits-tunisia.html\">statement<\/a> by the bank. The size of the new facility has not been revealed.<\/p>\n<p><strong>What we know about the company: <\/strong>Elec\u2019Recyclage \u2014 established in 2008 \u2014 collects industrial and non-hazardous waste from over 100 firms operating in the country, and along with waste management and sorting, exports the unneeded refuse to foreign markets where it is repurposed for commercial purposes, according to the EBRD. The company has received a <a href=\"https:\/\/www.ebrd.com\/news\/2018\/ebrd-and-eu-invest-in-competitiveness-of-tunisian-smes.html\">EUR 1.1 mn loan<\/a> and technical assistance from the EBRD as well as an EU grant of EUR 118k under the bank\u2019s Value Chain Competitiveness Programme for Egypt, Jordan, Morocco, and Tunisia.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>The <strong>Central Bank of the UAE <\/strong>held a meeting with the<strong> chiefs of banks <\/strong>operating in the country to <strong>outline future banking strategies<\/strong> that prioritize <strong>green and climate finance<\/strong> ahead of<strong> COP28<\/strong> and orient the banking industry with the country\u2019s <strong><a href=\"https:\/\/u.ae\/en\/information-and-services\/environment-and-energy\/the-year-of-sustainability\">Year of Sustainability<\/a><\/strong> agenda. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303165703\">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\/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\/cop28\/\">COP28<\/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\/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\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77881\" 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=\"77881\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/italy-could-be-splitting-up-with-coal-earlier-than-expected-and-germany-has-earmarked-eur-2-bn-for-thyssenkrupps-green-steel-plant\/\">\r\n                            Italy could be splitting up with coal earlier than expected and Germany has earmarked EUR 2 bn for Thyssenkrupp\u2019s green steel plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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id=\"post-77881\" class=\"content-area-description single-story post-77881 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-brazil tag-coal tag-deforestation tag-enterpriseclimate tag-fossil-fuels tag-germany tag-green-steel tag-italy tag-lula tag-renewables tag-thyssenkrupp 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> Italy could be axing the use of coal in 2024 \u2014 a year earlier than planned \u2014 if gas <\/strong><strong>prices remain low<\/strong>, <a href=\"https:\/\/www.reuters.com\/world\/europe\/italy-could-abandon-coal-by-2024-environment-minister-says-2023-06-05\/\">Reuters<\/a> reported on Monday, citing statements by Environment Minister Pichetto Fratin. Fratin said natural gas \u2014 seen as the least polluting fossil fuel \u2014 would remain part of the country\u2019s energy transition until 2050 as it boosts its renewable energy capacity. The plan would be a part of the country\u2019s Environment Ministry\u2019s updated strategy for energy and climate, set to be announced later this month. The updated strategy would see Italy targeting an increase of power generation from renewables to two-thirds of the overall generation by 2030 from the current one-third, according to the minister.<\/p>\n<p><strong>Germany plans to provide EUR 2 bn to help fund a planned green steel plant by <\/strong><strong>leading German conglomerate Thyssenkrupp<\/strong>, <a href=\"https:\/\/www.reuters.com\/markets\/europe\/german-econ-ministry-plans-2-bln-euro-funding-thyssenkrupp-2023-06-05\/\">Reuters<\/a> reported on Monday. The aid package announced by Germany\u2019s Economy Ministry includes EUR 700 mn to be provided by the German state of North Rhine-Westphalia, where Thyssenkrupp\u2019s headquarters are located. The plant, which comes under Thyssenkrupp\u2019s hydrogen-based climate strategy for steel production, plans to produce 2.5 mn tons of climate-friendly steel annually, with production slated for 2026. It estimates the costs for the site of the plant and related infrastructure at over EUR 2 bn.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Brazil<\/strong>\u2019s President <strong>Luiz Inacio Lula da Silva<\/strong> has laid out a plan to eliminate <strong>deforestation<\/strong> in the <strong>Amazon<\/strong> by 2030. (<a href=\"https:\/\/www.reuters.com\/world\/americas\/brazils-lula-launches-plan-stop-deforestation-amazon-by-2030-2023-06-05\/\">Reuters<\/a>)<\/li>\n<li><strong>Japan<\/strong> plans to pour USD 107 bn over the next 15 years into boosting the country\u2019s <strong>hydrogen<\/strong> supply. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/japan-invest-107-bln-hydrogen-supply-over-15-years-2023-06-06\/\">Reuters<\/a>)<\/li>\n<li><strong>India<\/strong> intends to offer USD 455 mn in incentives for <strong>battery storage <\/strong>projects. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/india-offer-455-mln-incentives-battery-storage-projects-sources-2023-06-06\/\">Reuters<\/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\/brazil\/\">Brazil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/coal\/\">coal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/deforestation\/\">deforestation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fossil-fuels\/\">fossil fuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-steel\/\">GREEN STEEL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/lula\/\">Lula<\/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\/thyssenkrupp\/\">Thyssenkrupp<\/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=\"77883\" 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\/07\/77883\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77883\" class=\"content-area-description single-story post-77883 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>JUNE 2023<\/strong><\/p>\n<p>5-15 June (Monday-Thursday): <a href=\"https:\/\/unfccc.int\/sb58\">Bonn Climate Change Conference<\/a>, Bonn, Germany.<\/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":77864,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77863","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"215f4640-a471-4edb-8679-d77aff3f5b26","teaser":"","photo_url":"https:\/\/ent.news\/2023\/6\/1335.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>Masdar-led consortium inks land allocation agreement for 10 GW wind farm in Egypt - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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