{"id":78371,"date":"2023-07-11T01:00:03","date_gmt":"2023-07-11T01:00:03","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78371"},"modified":"2025-12-15T09:13:13","modified_gmt":"2025-12-15T09:13:13","slug":"uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/","title":{"rendered":"UK\u2019s Actis is reportedly close to acquiring a 580 MW wind farm in Egypt"},"content":{"rendered":"<section id=\"78373\" 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=\"78373\">\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\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\r\n                            TODAY: UK\u2019s Actis is reportedly close to acquiring a 580 MW 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\" 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\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\" 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\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/')\">\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\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: UK\u2019s Actis is reportedly close to acquiring a 580 MW wind farm in Egypt&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\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\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/&title=TODAY: UK\u2019s Actis is reportedly close to acquiring a 580 MW wind farm in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+UK%E2%80%99s+Actis+is+reportedly+close+to+acquiring+a+580+MW+wind+farm+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Ftoday-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt%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\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78374\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/today-uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/6189-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"6189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78373\" class=\"content-area-description single-story post-78373 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-blue-ammonia tag-enterpriseclimate tag-ewec tag-renewables tag-saudi-arabia tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends. <\/strong>We have a brisk issue with you this morning with some big stories making waves in the regional climate industry.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>Taqa Arabia\u2019s shares rose almost 4,000% on its second day of trading on Egypt\u2019s bourse yesterday, with a large block transaction involving the sale of EGP 3.7 bn worth of shares by the company\u2019s largest shareholder, Silverstone Capital Investments, to existing shareholders including Financial Holdings Investments, and Rimco EGT Investments.<\/p>\n<p><strong>^^ We have the details on this story and much more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong>There\u2019s no single climate story dominating international headlines this morning, but US President Joe Biden met with King Charles III for the first time since the latter\u2019s coronation to discuss climate change during a brief stop in Britain. Biden, along with the British monarch, met with executives and philanthropists to discuss climate finance for the world\u2019s poorest countries. \u201cWe had several USD tns of assets that are managed and deployed represented in the group that met today, all people who are deeply committed to dealing with the climate crisis,\u201d US Special Envoy for Climate John Kerry, who attended the meeting, said.<\/p>\n<p><strong>The Windsor Castle meeting got coverage from the international press<\/strong>: <a href=\"https:\/\/www.reuters.com\/world\/uk\/biden-meet-with-king-charles-pm-sunak-ahead-nato-meeting-2023-07-10\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-10\/biden-sunak-boost-us-uk-ties-with-charm-and-economic-talks?srnd=fixed-income\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/d186e0a8-205b-468d-91e8-a7db1cad8da7\">The Financial Times<\/a> | <a href=\"https:\/\/www.theguardian.com\/us-news\/2023\/jul\/10\/king-charles-joe-biden-discuss-climate-crisis\">The Guardian<\/a> | <a href=\"https:\/\/edition.cnn.com\/2023\/07\/10\/politics\/biden-london-king-charles-pm-sunak\/index.html\">CNN<\/a> | <a href=\"https:\/\/apnews.com\/article\/president-joe-biden-king-charles-rishi-sunak-6993a2f6582425ebbdaccfbac89dd0f7\">The Associated Press<\/a> | <a href=\"https:\/\/www.nytimes.com\/2023\/07\/10\/us\/politics\/biden-king-charles.html\">The New York Times<\/a>| <a href=\"https:\/\/www.washingtonpost.com\/politics\/2023\/07\/10\/biden-uk-nato-sunak-king\/\">The Washington Post<\/a><\/p>\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1434.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. <\/strong>This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.<\/p>\n<p><strong>Day one is our Banking Forum<\/strong>, where we\u2019ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry.<\/p>\n<p><strong>Day two is all about Fintech and Non-Banking Financial Services. <\/strong>We\u2019ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.<\/p>\n<p><strong>** NEW: MORE NETWORKING TIME- <\/strong>Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.<\/p>\n<p><strong><a href=\"https:\/\/finance.enterprise.news\/\">TAP OR CLICK HERE<\/a><\/strong><strong> if you want to express interest in attending. <\/strong>We\u2019ll be sending out the first batch of invitations just after the 30 June holiday.<\/p>\n<p><strong>Do you want to become a commercial partner?<\/strong> <a href=\"mailto:mtaalab@inktankir.com\">Ping a note<\/a> to Moustafa Taalab, our head of commercial, or <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\">fill out this form<\/a> and we\u2019ll be in touch.<\/p>\n<p><strong>STAY TUNED for more detail <\/strong>about our agenda in the weeks to come.<\/p>\n<p><strong>DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong><strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/strong><strong>:<\/strong> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.<\/p>\n<p><strong>WANT TO LISTEN? Head to: <\/strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136?i=1000620168782\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/1Py9gohdBSApgPy8cJ0MHC?si=jucGGDUaT2yNyDsaLKXwQQ&nd=1\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M=\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1116856621?adj_t=dgl0aa8_64v1dnl&adj_campaign=ios&adj_adgroup=episode&adj_creative=126401725\">Anghami<\/a>. <strong>We\u2019re releasing a new episode every Sunday morning.<\/strong><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>WATCH THIS SPACE #1- UAE\u2019s Al Abjan solar farm will be awarded by year end:<\/strong> The Emirates Water and Electricity Company (Ewec) is set to award and execute the power purchase agreement for its 1.5 GW Al Ajban solar IPP project by 4Q 2023, according to a <a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/emirates-water-and-electricity-company-receives-4-bids-for-1500mw-al-ajban-solar-photovoltaic-independent-power-project\/\">statement<\/a>. Ewec has received four bids from Saudi renewables giant Acwa Power, France\u2019s EDF Renewables, Japan\u2019s Marubeni Corporation, and a consortium comprising Jinko Power and Jera for the development of the solar plant.<\/p>\n<p><strong>About the plant:<\/strong> Al Ajban \u2014 Ewec\u2019s third solar power project \u2014 is expected to generate enough electricity to power c. 160k homes across the country, according to the statement. It is set to raise Ewec\u2019s total solar power capacity to c. 4 GW and slash Abu Dhabi\u2019s carbon dioxide emissions by up to 2.4 mn tons annually.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- KSA is scoping out Germany\u2019s waste management sector: <\/strong>Invest Saudi, KSA\u2019s national investment platform, is reviewing potential investments in Germany\u2019s waste and water management sector, <a href=\"https:\/\/www.arabnews.com\/node\/2334781\/saudi-arabia\">Arab News<\/a> reports. This review of investment ventures in Berlin, Hamburg, and Dusseldorf kicked off yesterday for a five-day period. The event will involve workshops and meetings to explore unlocking potential investments in both countries\u2019 waste management sectors.<\/p>\n<p><strong>WATCH THIS SPACE #3- OCI is banking big on blue ammonia: <\/strong>Dutch fertilizer manufacturer OCI is constructing a USD 1 bn blue ammonia production plant in Texas, <a href=\"https:\/\/www.reuters.com\/sustainability\/fertilizer-company-oci-bets-big-climate-friendly-ammonia-2023-07-10\/\">Reuters<\/a> reports. While the project has yet to secure a single offtake agreement, the large-scale facility will generate 1.1 mn tons of blue ammonia annually once operational in 2025.<\/p>\n<p><strong>Why the US? <\/strong>Blue ammonia production methods cost approximately USD 119 more per ton than conventional ammonia generation technologies, so OCI is benefiting from subsidies under the USD 369 Inflation Reduction Act, as well as premium payments from Asian utility firms to render the project economically feasible, the newswire notes.<\/p>\n<p><strong>A first for ammonia production: <\/strong>The US plant would be the first commercial facility globally to capture and store 95% of the emissions produced from ammonia production, Reuters writes.<\/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>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Thailand will host the <\/strong><strong><a href=\"https:\/\/unfccc.int\/event\/LD_wksp2\">second workshop on addressing loss and damage<\/a><\/strong><strong> from Saturday, <\/strong><strong>15 July to Sunday, 16 July <\/strong>in Bangkok. The workshop will see discussions on pathways to increasing funding for climate-induced loss and damage. The workshop is being held in preparation for the <a href=\"https:\/\/unfccc.int\/event\/tc3\">third meeting of the COP27 Transitional Committee<\/a> in August. The committee is tasked with operationalizing the Loss and Damage Fund, to be approved during the fourth transitional meeting in <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">October<\/a>.<\/p>\n<p><strong>Egypt will host the <\/strong><strong><a href=\"https:\/\/www.egyptminingforum.com\/\">Egypt Mining Forum<\/a><\/strong><strong> from Tuesday, 18 July to Wednesday, 19 July<\/strong> in Cairo. The event \u2014 organized by the country\u2019s Oil Ministry \u2014 will gather regional players as well as global mining firms in a bid to attract regional and foreign direct investments in the country\u2019s mining industry.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events and news triggers.<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/blue-ammonia\/\">blue ammonia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ewec\/\">Ewec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78375\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78376\" 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=\"78376\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/\">\r\n                            Take two: Taqa Arabia shares soar again on second day of trading on the EGX                        <\/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\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/\" 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\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/')\">\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\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/\">\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=Take two: Taqa Arabia shares soar again on second day of trading on the EGX&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/\">\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\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/&title=Take two: Taqa Arabia shares soar again on second day of trading on the EGX\">\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=Take+two%3A+Taqa+Arabia+shares+soar+again+on+second+day+of+trading+on+the+EGX+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Ftake-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx%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\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/307.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78377\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/take-two-taqa-arabia-shares-soar-again-on-second-day-of-trading-on-the-egx\/307-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/307.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"307.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/307.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/307.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78376\" class=\"content-area-description single-story post-78376 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-egx tag-enterpriseclimate tag-ipo-watch tag-taqa-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Taqa Arabia had a decidedly less chaotic <\/strong><strong>second day of trading on the Egyptian Exchange yesterday<\/strong>, with the company\u2019s shares avoiding <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41d67e8b-4427-475c-b038-6a7b19bbba31\">the dramatic fluctuations<\/a> seen on Sunday and only a few transactions <a href=\"https:\/\/bit.ly\/3D6YJ36\">reportedly<\/a> being canceled by the Egyptian bourse. The company\u2019s share price jumped 3,900% to close at EGP 20, a percentage change magnified by the fact they opened at their nominal value of just EGP 0.50. Shares were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f7810d3-395f-4460-a59b-1f888ae45fb3\">valued at EGP 8.90 apiece<\/a> ahead of the listing. Trading was moderate, with 801k of the company\u2019s shares changing hands via 843 transactions for a combined EGP 15.7 mn according to EGX data.<\/p>\n<p><strong>The first debut:<\/strong> Taqa shares closed up 83,000% on Sunday, which the EGX attributed to 75 transactions worth just EGP 395k that it said were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41d67e8b-4427-475c-b038-6a7b19bbba31\">executed by mistake<\/a>. A number of local and regional outlets quoted traders saying that several trades were executed at between EGP 380 and EGP 500 which was confirmed later by EGX boss Ramy El Dokany, triggering the surge in the company\u2019s share price.<\/p>\n<p><strong>All transactions were canceled on Monday, but one: <\/strong>A block transaction was executed on Monday involving the sale of EGP 3.7 bn worth of shares by the company\u2019s largest shareholder Silverstone Capital Investments \u2014 an entity controlled by Taqa parent Qalaa Holdings \u2014 to existing shareholders including Financial Holdings Investments, and Rimco EGT Investments, according to three separate disclosures to the EGX (<a href=\"https:\/\/ent.news\/2023\/7\/366.pdf\">here<\/a>, <a href=\"https:\/\/ent.news\/2023\/7\/367.pdf\">here<\/a> and <a href=\"https:\/\/ent.news\/2023\/7\/368.pdf\">here<\/a> \u2014 pdfs).<\/p>\n<p><strong>Silverstone offloads 60% of its shares in Taqa Arabia:<\/strong> Silverstone\u2019s ownership decreased to 49%, down from 80%, after selling 192.4 mn shares to Financial Holdings Investments whose ownership increased to 17.8%, up from 3.6%. Silverstone also sold 194 mn shares to Rimco whose ownership rose to 14.5%, up from 0.2%. Both transactions were executed at EGP 8.9 per-share.<\/p>\n<p><strong>Advisors: <\/strong>EFG Hermes quarterbacked the transaction, while Zulficar & Partners provided counsel. Baker Tilly was the independent financial advisor and PwC was the auditor.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/capital-markets\/\">CAPITAL MARKETS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/taqa-arabia\/\">TAQA Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78378\" 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=\"78378\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\r\n                            UK\u2019s Actis is reportedly close to acquiring a 580 MW 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\" 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\/07\/11\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\" 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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Egypt&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\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\/07\/11\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/&title=UK\u2019s Actis is reportedly close to acquiring a 580 MW wind farm in Egypt\">\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=UK%E2%80%99s+Actis+is+reportedly+close+to+acquiring+a+580+MW+wind+farm+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Fuks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt%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\/07\/11\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/electricity-renewables-mena-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78379\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/electricity-renewables-mena-1600px-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/electricity-renewables-mena-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"electricity-renewables-mena-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/electricity-renewables-mena-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/electricity-renewables-mena-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78378\" class=\"content-area-description single-story post-78378 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-actis tag-africa tag-egypt tag-enterpriseclimate tag-ma-watch tag-renewables tag-siemens 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-02\"><\/a> <strong>Will<\/strong><strong> Actis<\/strong><strong> snap up a 580 MW Egyptian wind farm?<\/strong> UK private equity giant Actis is reportedly inching closer to acquiring the 580 MW <a href=\"http:\/\/www.nrea.gov.eg\/Technology\/WindStations\">Gabal El Zeit wind project<\/a> in Egypt\u2019s Gulf of Suez after submitting the best technical and financial bid to the Sovereign Fund of Egypt (SFE), <a href=\"https:\/\/www.asharqbusiness.com\/article\/52013\/%D8%A3%D9%83%D8%AA%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D8%B1%D9%8A%D8%B7%D8%A7%D9%86%D9%8A%D8%A9-%D8%AA%D9%82%D8%AA%D8%B1%D8%A8-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D8%B1%D9%8A%D8%A7%D8%AD-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\">Asharq Business<\/a> reports, citing three government sources it says have knowledge of the matter. The financials of Actis\u2019 bid were not disclosed, nor were the details on other bidding companies.<\/p>\n<p><strong>The project:<\/strong> The first phase of the three-phase EGP 12 bn (c. USD 388 mn) Gabal El Zeit project \u2014 owned by Egypt\u2019s New and Renewable Energy Authority (NREA) \u2014 comprises 120 turbines with a 240 MW generation capacity, according to a <a href=\"https:\/\/www.presidency.eg\/en\/%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%A7%D9%84%D9%82%D9%88%D9%85%D9%8A%D8%A9\/%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D8%A3%D9%83%D8%A8%D8%B1-%D9%85%D8%AD%D8%B7%D8%A9-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A8%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%AC%D8%A8%D9%84-%D8%A7%D9%84%D8%B2%D9%8A%D8%AA-%D8%AC%D9%86%D9%88%D8%A8-%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%B1%D8%A3%D8%B3-%D8%BA%D8%A7%D8%B1%D8%A8\/\">statement<\/a>. One hundred of the aforementioned turbines have already been connected to the national grid, the statement notes. In 2022, Siemens Gamesa <a href=\"https:\/\/enterprise.press\/stories\/2021\/02\/22\/siemens-wants-all-the-wind-projects-32931\/\">was awarded<\/a> the five-year contract to operate and maintain the 220 MW second phase of the project \u2014 dubbed Gabal El Zeit 2. Siemens Gamesa, Vestas, and Voltalia were among companies planning to bid for a five- to seven-year operation and maintenance contract for the 120 MW Gabal El Zeit 3 plant. The entire project is being built under an engineering, procurement, and construction contract with several international and local institutions, the UN Department of Economic and Social Affairs Sustainable Development <a href=\"https:\/\/sdgs.un.org\/partnerships\/gabel-el-zeit-wind-farm-complex-ensuring-access-affordable-reliable-and-modern-energy\">notes<\/a>.<\/p>\n<p><strong>Actis also has big plans for green hydrogen production in Egypt:<\/strong> Actis signed an agreement <a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/28\/seven-companies-ink-green-energy-mous-72944\/\">back in October<\/a> with the Egyptian government to establish green fuel production plants worth USD 1.5 bn with a production capacity of 200k tons annually in the Ain Sokhna Industrial Zone.<\/p>\n<p><strong>The company has been investing in MENA\u2019s renewables sector: <\/strong>Back in May 2021, Actis <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa21736a-2fa2-46af-9c21-960fab5af043\">pledged to double<\/a> its energy investments in Egypt and other African countries to USD 2 bn within five years. Further afield, the company contributed to the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/87d395ae-b0c1-408d-8fcb-284d097183dd\">USD 400 mn<\/a> raised by UAE-based renewables firm Yellow Door Energy from shareholders back in October, marking the second time Actis invested in the company after it poured in an undisclosed sum to help the firm scale up its operations back in July.<\/p>\n<p><strong>And is looking to expand its foothold in Africa:<\/strong> Actis could be pouring up to USD 300 mn annually into renewables in Africa \u201cif the opportunity presents itself,\u201d Lisa Pinsley, Actis\u2019 head of energy in the Middle East and Africa, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/909a2ca6-ec6c-4e78-a77f-380646c7fb18\">said<\/a> back in November.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/actis\/\">Actis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/africa\/\">Africa<\/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\/ma-watch\/\">M&amp;A WATCH<\/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\/siemens\/\">Siemens<\/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=\"78380\" 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=\"78380\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/78380\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78380\" class=\"content-area-description single-story post-78380 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78381\" 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=\"78381\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/six-consortiums-prequalify-to-build-a-400-mw-solar-plant-in-morocco\/\">\r\n                            Six consortiums prequalify to build a 400 MW solar plant in Morocco                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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Morocco\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Six+consortiums+prequalify+to+build+a+400+MW+solar+plant+in+Morocco+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Fsix-consortiums-prequalify-to-build-a-400-mw-solar-plant-in-morocco%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/six-consortiums-prequalify-to-build-a-400-mw-solar-plant-in-morocco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78382\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/six-consortiums-prequalify-to-build-a-400-mw-solar-plant-in-morocco\/932-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"932.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78381\" class=\"content-area-description single-story post-78381 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-acwa-power tag-enterpriseclimate tag-morocco tag-renewables tag-solar tag-solar-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-03\"><\/a> <strong>More solar power on the way for Morocco:<\/strong> Six consortiums have been pre-qualified to establish the 400 MW solar plant Noor Midelt II in the Atlas Mountains, Moroccan renewable energy agency Masen said, according to <a href=\"https:\/\/www.reuters.com\/business\/energy\/morocco-names-pre-qualification-firms-400-mw-solar-project-2023-07-10\/\">Reuters<\/a>. Among the companies in the six pre-qualified consortiums: Spain\u2019s <a href=\"https:\/\/www.grupocobra.com\/\">Cobra<\/a><a href=\"https:\/\/www.grupocobra.com\/\">Servicios<\/a>, <a href=\"https:\/\/www.saint-gobain.com.mx\/mercados\/industria\/energia-y-comunicaciones\">Comunicaciones y Energia<\/a>, Iberdrola, France's EDF Renewables, Italy's <a href=\"https:\/\/www.enelgreenpower.com\/\">Enel Green Power<\/a>, Belgium's International Power, and Saudi Arabia's Acwa Power.<\/p>\n<p><strong>About the project:<\/strong> Noor Midelt II is part of the Morocco\u2019s second concentrated solar power (CSP) technology complex <a href=\"https:\/\/masdar.ae\/Masdar-Clean-Energy\/Projects\/Noor-Midelt\">Noor Midelt<\/a>, which consists of two solar plants combining thermosolar and PV technology to produce 800 MW of renewable energy with a storage capacity of five hours, according to <a href=\"https:\/\/www.masen.ma\/en\/masen-news\/masen-launches-noor-midelt-ii-solar-farm-tender-process\">Masen<\/a>.<\/p>\n<p><strong>Some obstacles on the road:<\/strong> In 2019, Masen awarded a consortium led by EDF Renewables and UAE renewables giant Masdar the first phase of the <a href=\"https:\/\/masdar.ae\/Masdar-Clean-Energy\/Projects\/Noor-Midelt\">project<\/a>. The first phase is still not completed due to disagreements over concentrated solar power (CSP) technologies, sources told Reuters.<\/p>\n<p><strong>SOUND SMART-<\/strong> <a href=\"https:\/\/www.energy.gov\/eere\/solar\/concentrating-solar-thermal-power-basics\">CSP<\/a> uses steam generated from heated water to produce electricity, and requires collector and generator systems. Its biggest advantage is that it can store power, helping to resolve the issue of peak energy demand, which is often at night or early in the morning when there is no sunlight. However, CSP is often more expensive and water-intensive than photovoltaic tech.<\/p>\n<p><strong>All under part of Morocco\u2019s renewables push<\/strong>: Morocco has been pushing to position itself as a hub for renewable energy due to its major solar and wind capabilities. Morocco aims to have 50-52% of its energy come from renewables by 2030, up from the current 38%, the country\u2019s prime minister said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a966a586-541d-42ac-9d15-1d4a53fa3f75\">earlier this year<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/solar-energy\/\">solar 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=\"78383\" 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=\"78383\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/\">\r\n                            UAE\u2019s Amea Power secures USD 75 mn in funding from Japan\u2019s SoftBank                        <\/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\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/\" 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\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/')\">\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\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s Amea Power secures USD 75 mn in funding from Japan\u2019s SoftBank&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/\">\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\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/&title=UAE\u2019s Amea Power secures USD 75 mn in funding from Japan\u2019s SoftBank\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+Amea+Power+secures+USD+75+mn+in+funding+from+Japan%E2%80%99s+SoftBank+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Fuaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank%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\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78384\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/uaes-amea-power-secures-usd-75-mn-in-funding-from-japans-softbank\/agreement-1600px1-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"agreement-1600px1.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78383\" class=\"content-area-description single-story post-78383 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-amea-power tag-enterpriseclimate tag-green-finance tag-investment-watch tag-renewables tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Amea Power gets fresh funding:<\/strong> UAE renewable energy developer Amea Power has signed a USD 75 mn equity funding round from Japan\u2019s SoftBank Group (SBG), according to a <a href=\"https:\/\/www.ameapower.com\/amea-power-announces-a-75-million-funding-round-from-the-softbank-group\/\">statement<\/a>. The investment represents the Emirati firm\u2019s first external equity funding after years of being privately funded by its founding shareholders, the Al Nowais family.<\/p>\n<p><strong>What we know:<\/strong> The all-equity capital raise from SBG will allow both firms to \u201cexplore a mutual partnership, which will lead to maximizing the value creation of Amea Power mainly in the Asia Pacific, Middle East and Africa (AMEA) region,\u201d the statement read. \u201cThe funds raised will enable us to accelerate our strategic ambitions, materialize further projects in the power, water and green hydrogen sectors, and to continue to further expand our presence in target markets,\u201d Amea Power Chairman Hussain Al Nowais said.<\/p>\n<p><strong>More investors incoming?<\/strong> Several unnamed international institutional strategic corporate financial investors are considering potential investments in Amea Power, the statement said, without providing further details.<\/p>\n<p><strong>Amea has an ambitious pipeline:<\/strong> Amea Power currently has a generation capacity \u2014 operational and under construction \u2014 of around 1.45 GW, with a clean energy pipeline of nearly 6 GW across 15 countries, according to the statement. It is considering expansions into more regions in the Middle East including Kazakhstan, Uzbekistan, and Azerbaijan, as well as Southeast Asia, it added.<\/p>\n<p><strong>And several projects are well on their way: <\/strong>Amunet \u2014 an Egyptian special purpose vehicle that is 60% owned by Amea Power and 40% owned by Japan\u2019s Sumitomo \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75c61041-1d5c-4844-8040-9ace5f358057\">is building<\/a> the USD 709 mn Ras Ghareb wind farm in Egypt. Construction of the project began in March and is expected to be completed by 2025. Amea is also among companies and consortiums <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d1c572ed-19b8-4119-9e77-ab2ed628d2d9\">bidding for<\/a> several desalination plants in Egypt as part of the first phase of the government\u2019s desalination program. The company was <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ba13e9a-94d6-4cf7-a496-593b097dbf90\">awarded<\/a> a concession and power purchase agreement for <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">Tunisia\u2019s 100 MW Kairouan solar plant<\/a> in March 2022.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/amea-power\/\">Amea Power<\/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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78385\" 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=\"78385\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/\">\r\n                            French recycling startup b:bot drums up investments to expand to MENA and the GCC                        <\/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\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/\" 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\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/')\">\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\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/\">\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=French recycling startup b:bot drums up investments to expand to MENA and the GCC&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/\">\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\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/&title=French recycling startup b:bot drums up investments to expand to MENA and the GCC\">\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=French+recycling+startup+b%3Abot+drums+up+investments+to+expand+to+MENA+and+the+GCC+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Ffrench-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc%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\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1462.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78386\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/french-recycling-startup-bbot-drums-up-investments-to-expand-to-mena-and-the-gcc\/1462-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1462.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1462.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1462.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1462.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78385\" class=\"content-area-description single-story post-78385 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseclimate tag-investment-watch 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>France\u2019s b:bot looking to set up shop in Tunisia, UAE:<\/strong> French plastic recycling robotics company <a href=\"https:\/\/b-bot.com\/\">b:bot<\/a> plans to expand to Tunisia and the UAE after raising EUR 20 mn to boost its robot network and enter new markets, <a href=\"https:\/\/tech.eu\/2023\/07\/10\/french-plastic-recycling-robotics-company-b-bot-raises-20-million-to-double-its-robot-network-and-accelerate-international-expansion\/\">Tech EU<\/a> reported earlier this week.<\/p>\n<p><strong>Ironing out the details:<\/strong> The French startup raised EUR 20 mn from Paris-based investor and asset manager <a href=\"https:\/\/www.eiffel-ig.com\/en\/\">Eiffel Investment Group<\/a> and the group\u2019s long-committing shareholder Cr\u00e9dit Agricole Normandie-Seine Participations. The funds will be directed to doubling the size of the startup\u2019s robot workforce by the end of 2023, international expansion, and begin recycling cans.<\/p>\n<p><strong>About the company:<\/strong> Founded in 2021, b:bot is a machine and digital ecosystem that collects PET plastic bottles and shreds them into plastic flakes, according to <a href=\"https:\/\/circulareconomy.europa.eu\/platform\/en\/good-practices\/bbot-plastic-bottle-recycling-counts-twice\">EU data<\/a>. B:bot\u2019s machines, which take up less than 1 m2 of space, have a storage capacity of 3k bottles. Consumers get points or cents for each bottle inserted into the robot, and can exchange their points for funds that can be used at supermarkets or donated to charities. It currently has over 500 robots and has collected 130 mn bottles to date, according to Tech EU.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/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=\"78387\" 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=\"78387\">\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\">MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/\">\r\n                            Here\u2019s 100 innovative solutions to decarbonize the end-use sector, courtesy of Irena                        <\/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\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/\" 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\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/')\">\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\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/\">\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=Here\u2019s 100 innovative solutions to decarbonize the end-use sector, courtesy of Irena&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/\">\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\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/&title=Here\u2019s 100 innovative solutions to decarbonize the end-use sector, courtesy of Irena\">\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=Here%E2%80%99s+100+innovative+solutions+to+decarbonize+the+end-use+sector%2C+courtesy+of+Irena+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Fheres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena%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\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1920.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78388\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/heres-100-innovative-solutions-to-decarbonize-the-end-use-sector-courtesy-of-irena\/1920-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1920.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1920.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1920.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1920.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78387\" class=\"content-area-description single-story post-78387 post type-post status-publish format-standard has-post-thumbnail hentry category-macro-picture tag-cooling tag-enterpriseclimate tag-evs tag-hydrogen tag-irena tag-macro-picture tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>A toolbox of tips for decarbonizing end-use sectors:<\/strong> The International Renewable Energy Agency (Irena) has unveiled 100 innovative solutions governments can use to reduce emissions and decarbonize the electrification of end-use sectors, according to a recent <a href=\"https:\/\/mc-cd8320d4-36a1-40ac-83cc-3389-cdn-endpoint.azureedge.net\/-\/media\/Files\/IRENA\/Agency\/Publication\/2023\/Jun\/IRENA_Innovation_landscape_smart_electrification_2023.pdf?rev=786ef5cd85024414b21bc32d0af8be3c\">report (pdf)<\/a>. The report offers a number of green tech investment suggestions for governments looking to set up decarbonization targets to meet their NDC targets.<\/p>\n<p><strong>What are <\/strong><strong>end-use sectors?<\/strong> These sectors <a href=\"https:\/\/www.eia.gov\/energyexplained\/us-energy-facts\">directly consume primary energy<\/a> from power sources including electricity and natural gas and include a range of services including the transportation, industrial, commercial, and residential sectors. Global investments in energy transition tech reached a record of USD 1.3 tn last year, but annual investments in the sector must quadruple to over USD 5 tn to stay on the 1.5\u00b0C pathway, <a href=\"https:\/\/www.irena.org\/News\/pressreleases\/2023\/Mar\/Investment-Needs-of-USD-35-trillion-by-2030-for-Successful-Energy-Transition#:~:text=Power%20generation%20needs%20to%20more%20than%20triple%20by%202050&text=Although%20global%20investment%20in%20energy,the%201.5%C2%B0C%20pathway.\">Irena<\/a> notes.<\/p>\n<p><strong>Smart electrification<\/strong> <strong>of mobility:<\/strong> The report lays out 35 suggestions for electrifying transport and reducing emissions from the sector, including innovations in EV model evolution and EV batteries. It calls for repurposing spent battery cells \u2014 bringing down EV costs \u2014 and increasing EV charging points, as well as adopting new charging mechanisms including wireless charging, overhead charging, and portable charging stations.<\/p>\n<p><strong>And innovative pricing: <\/strong>Irena also recommends different pricing for electricity according to the time of day, allowing consumers to pick their preferred electricity consumption periods and charging modes. A single bill for EV charging at home and on-the-go should also be adopted by policy makers to bring down electricity consumption fees and encourage the transition to EVs, the report notes.<\/p>\n<p><strong>There are some tech hacks for cooling and heating: <\/strong>The report outlines over three dozen solutions for electrifying the global cooling and heating sector, including the use of low-temperature heat pumps, hybrid heat pumps, waste heat-to-power tech, and high-temperature electricity-based applications for industry. Irena also suggests the adoption of circular energy flows in cities, allowing the heat from solar panels, data centers, and other sources to be rerouted for use in space heating and warm water in buildings.<\/p>\n<p><strong>And using flexible agreements tied to demand:<\/strong> Irena also called for flexible power purchase agreements to enable companies or grid operators to secure their electricity demands without being restricted by fixed terms during times of low demand.<\/p>\n<p><strong>A toolbox for the HtA sector: <\/strong>The report includes 30 innovations to help decarbonize hard-to-abate sectors (HtA) by increasing the use of green hydrogen. The deployment of compressed hydrogen storage and liquefied hydrogen storage tech, as well as establishing hydrogen leakage detection mechanisms, is paramount. Applying <a href=\"https:\/\/henrike-hahn.eu\/files\/upload\/aktuelles\/dateien\/Study_CCfD_Henrike-Hahn_6.2022.pdf\">carbon contracts for difference<\/a> \u2014 which aim to reduce costs and risks of clean energy investments \u2014 are also needed to establish a standard for carbon pricing and bring down hydrogen costs for consumers. Establishing renewable energy power purchase agreements for green hydrogen production is also necessary as are cost-effective electricity tariffs for hydrogen developers and setting up a regulatory framework for green hydrogen networks, Irena notes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cooling\/\">cooling<\/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\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/irena\/\">IRENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/macro-picture\/\">MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78389\" 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=\"78389\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/\">\r\n                            It\u2019s final: TotalEnergies signs agreement for USD 27 bn energy cluster in Iraq                        <\/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\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/\" 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\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/')\">\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\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/\">\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=It\u2019s final: TotalEnergies signs agreement for USD 27 bn energy cluster in Iraq&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/\">\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\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/&title=It\u2019s final: TotalEnergies signs agreement for USD 27 bn energy cluster in Iraq\">\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=It%E2%80%99s+final%3A+TotalEnergies+signs+agreement+for+USD+27+bn+energy+cluster+in+Iraq+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Fits-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq%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\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1463.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78390\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/its-final-totalenergies-signs-agreement-for-usd-27-bn-energy-cluster-in-iraq\/1463-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1463.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1463.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1463.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1463.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78389\" class=\"content-area-description single-story post-78389 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-amea-power tag-enterpriseclimate tag-evs tag-iraq tag-renewables tag-saudi-arabia tag-totalenergies wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Iraq, TotalEnergies agreement is signed and sealed:<\/strong> The Iraqi government and French oil giant TotalEnergies officially inked the agreement on a long-delayed USD 27 bn cluster of energy projects in the country including a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/79e4af0c-b68f-4b1d-bffb-898325dc3b25\">1 GW solar power plant<\/a> to supply the Basrah regional grid, <a href=\"https:\/\/www.reuters.com\/business\/energy\/iraq-totalenergies-sign-27-bln-deal-energy-projects-2023-07-10\/\">Reuters<\/a> reports. The accord had faced hurdles over its terms, but was finally <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/51dc97b8-0151-4e97-9b16-b64ed15a741e\">closed in April<\/a> when Iraq accepted taking a smaller stake than it had originally sought in the Gas Growth Integrated Project (GGIP). The agreement revives hopes of luring back foreign investments to the energy-rich country.<\/p>\n<p><strong>The details:<\/strong> The project will commence this summer and will see investments worth USD 10 bn over the next four years, Iraqi Oil Minister Hayan Abdel Ghani said. Per the agreement, Iraq\u2019s state-owned Basrah Oil Company will hold a 30% stake in the GGIP \u2014 <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba8eda2d-277a-4ae1-90a0-5024f8065980\">compared to the 40%<\/a> initially demanded by Iraq. QatarEnergy will grab a 25% stake in the GGIP per an invitation by TotalEnergies, which will own a 45% stake.<\/p>\n<p><strong>About the GGIP: <\/strong>The energy projects cluster aims to boost Iraq\u2019s natural resources to enhance electrical supply through USD bns of investments. The funds would be invested to recover flared gas on three oil fields to supply gas to power generation plants and build a seawater treatment plant to provide water injection for pressure maintenance to raise regional oil production.<\/p>\n<hr class=\"grey-line\">\n<p><strong>KSA\u2019s <\/strong><strong><a href=\"https:\/\/electromin.com\/\">Electromin<\/a><\/strong> <strong>\u2014 a subsidiary of Petromin Corporation \u2014 will establish the country\u2019s <\/strong><strong>first ultra-fast direct current (DC) charging networks for EVs<\/strong>, the <a href=\"https:\/\/www.saudigazette.com.sa\/article\/634082\/BUSINESS\/Electromin-to-launch-KSAs-first-EV-ultra-fast-DC-charging-network-across-the-Kingdom\">Saudi Gazette<\/a> reports. The company already has over 100 alternating current (AC) charging chargers in the kingdom and its new addition of DC networks will enable it to cater to both B2B and B2C user segments, the new outlet notes. The number of DC chargers to be established across KSA will be dependent on EV sales and customer demand, Petromin CEO Kalyana Sivagnanam notes.<\/p>\n<p><strong>What\u2019s the difference? <\/strong><a href=\"https:\/\/blog.evbox.com\/uk-en\/difference-between-ac-and-dc\">DC charging stations<\/a> rely on electricity generated from batteries to enable fast charging for EVs, whereas alternating current charging networks depend on power generated from the grid and can be used to charge electric vehicles in residential and office settings but are slower than DC systems.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>A senior delegation from UAE renewables firm <strong>Amea Power<\/strong> met with <strong>JA <\/strong><strong>Solar <\/strong>Chairman Baofang Jin to discuss potential <strong>cooperation <\/strong>in MENA\u2019s <strong>renewables sector<\/strong>. (<a href=\"https:\/\/www.pv-tech.org\/industry-updates\/ja-solar-and-amea-power-discuss-further-cooperation-in-beijing\/\">Statement<\/a>)<\/li>\n<li><strong>Dubai<\/strong> is planning to increase the city\u2019s <strong>EV charging stations<\/strong> to 1k by 2025. (<a href=\"https:\/\/twitter.com\/DXBMediaOffice\/status\/1677996548410441728\">Statement<\/a>)<\/li>\n<li>Algeria\u2019s state-owned oil producer <strong>Sonatrach <\/strong>inked an agreement with <strong>TotalEnergies <\/strong>to increase <strong>solar-powered desalination <\/strong>projects and establish a <strong>low-carbon<\/strong> <strong>hydrogen project<\/strong> <strong>for export<\/strong>. (<a href=\"https:\/\/totalenergies.com\/media\/news\/press-releases\/algeria-totalenergies-strengthens-its-gas-partnership-sonatrach-and\">Statement<\/a>)<\/li>\n<li>The<strong> Dubai Electricity and Water Authority<\/strong> is courting investment opportunities from<strong> French renewables and green hydrogen companies<\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303175866\">Wam<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/amea-power\/\">Amea Power<\/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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/totalenergies\/\">totalenergies<\/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=\"78391\" 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=\"78391\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/\">\r\n                            Copenhagen Infrastructure Partners seeks to raise EUR 12 bn for renewables investments                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/')\">\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\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/\">\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=Copenhagen Infrastructure Partners seeks to raise EUR 12 bn for renewables investments&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/\">\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\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/&title=Copenhagen Infrastructure Partners seeks to raise EUR 12 bn for renewables investments\">\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=Copenhagen+Infrastructure+Partners+seeks+to+raise+EUR+12+bn+for+renewables+investments+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F11%2Fcopenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments%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\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78392\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/copenhagen-infrastructure-partners-seeks-to-raise-eur-12-bn-for-renewables-investments\/828-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78391\" class=\"content-area-description single-story post-78391 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-denmark tag-enterpriseclimate tag-green-finance tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Danish are coming:<\/strong> Danish fund manager Copenhagen Infrastructure Partners (CIP) is seeking to raise EUR 12 bn (c. USD 13 bn) to invest in renewable energy, making it among the top funds looking to shift away from fossil fuels, Managing Partner Jakob Baru\u00ebl Poulsen told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-10\/danish-investor-is-raising-12-billion-for-renewable-energy-fund\">Bloomberg<\/a>. CIP reached its first close of EUR 5.6 bn for its renewable energy fund and has investors looking to more than double funding within the next 12 years.<\/p>\n<p><strong>About the fund:<\/strong> The new fund is the fifth of its kind by CIP since it was established in 2012, according to Bloomberg. It will be a mix of offshore and onshore wind and solar, with one-third each and a third of \u201cniche\u201d technologies, which would include battery storage and transmission. Most of the projects will look at utilizing 50% debt and equity from the fund, bringing total investments to c. EUR 24 bn. When fully subscribed, it is set to beat its predecessor, which kicked off with EUR 1.5 bn and grew to EUR 7 bn later.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/denmark\/\">Denmark<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78393\" 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=\"78393\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/11\/sun-reflecting-blankets-are-chinas-answer-to-shield-its-melting-glacier\/\">\r\n                            Sun-reflecting blankets are China\u2019s answer to shield its melting glacier                        <\/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\/07\/11\/sun-reflecting-blankets-are-chinas-answer-to-shield-its-melting-glacier\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The scientists are looking to deploy thick rolls of white fabric over 4.3k sq feet (c. 400 sqm) of the mountain to reflect the sun\u2019s rays back into the atmosphere.<\/p>\n<p><strong>A terminally ill glacier:<\/strong> The glacier has already lost over 70% of its ice over the past half century due to global warming. One of the researchers told the local press that their salvage attempt was analogous to a doctor trying to extend the lifetime of a terminally ill patient. \u201cAll the human intervention methods that we\u2019re working on, even if they prove effective, are only going to slow down the melting,\u201d Nanjing University associate professor Zhu Bin said.<\/p>\n<p><strong>Not a new idea, but new Chinese tech could help:<\/strong> This method of attempting to save the glacier is not new, as European ski resorts have been using the same approach for nearly two decades to help prevent snow from melting. But China is only getting started, with Zhu\u2019s team experimenting with a new material that could help reflect over 93% of sunlight and help the glacier release heat. The material is produced from cellulose acetate, a natural plant fiber that could be spread by drones over less accessible glaciers in the form of small particles.<\/p>\n<p><strong>Like a band-aid on a bad wound:<\/strong> Most of the world\u2019s glaciers are melting rapidly, leading to rising sea levels and deadly floods. Using sun-reflecting sheets is like putting a band-aid on a gushing wound, as Bloomberg puts it. But even if the world succeeds in keeping global warming below the 2\u00b0C threshold, less than half of the 4k glaciers in the Alps today would remain standing by the end of the century.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dagu-glacier\/\">Dagu Glacier<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/global-warming\/\">global warming<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78395\" 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\/07\/11\/78395\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78395\" class=\"content-area-description single-story post-78395 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>JULY 2023<\/strong><\/p>\n<p>15-16 July (Saturday-Sunday): <a href=\"https:\/\/unfccc.int\/event\/LD_wksp2\">Second COP27 transitional committee workshop<\/a>, Bangkok, Thailand.<\/p>\n<p>18-19 July (Tuesday-Wednesday): <a href=\"https:\/\/www.egyptminingforum.com\/\">Egypt Mining Forum<\/a>, Cairo, Egypt.<\/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>21-22 August (Monday-Tuesday): <a href=\"https:\/\/crgconferences.com\/recycling\/\">International Conference on Recycling and Waste Management<\/a>, USA.<\/p>\n<p>21-22 August (Monday-Tuesday): <a href=\"https:\/\/crgconferences.com\/environmental\/\">International Conference on Environmental Sustainability and Climate Change<\/a>, USA.<\/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>5-7 September (Tuesday-Thursday): <a href=\"https:\/\/www.gweccc.com\/assets\/PDF\/GWECCC%202023_EVENT%20BROCHURE.pdf\">Global Water, Energy and Climate Change Congress<\/a>(GWECCC), Manama, Bahrain.<\/p>\n<p>9-10 September (Saturday-Sunday): <a href=\"https:\/\/www.g20.org\/en\/g20-india-2023\/new-delhi-summit\/\">G20 Heads of State and Government Summit<\/a>, New Delhi, India.<\/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>19-21 September (Tuesday-Thursday): <a href=\"https:\/\/www.worldptxsummit.com\/\">World Power-to-X Summit<\/a>, Marrakesh, Morocco.<\/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>9-15 October (Monday-Sunday): <a href=\"https:\/\/www.imf.org\/en\/News\/Seminars\/Campaigns\/2023\/Marrakech2023\">World Bank\/IMF 2023 Annual Meetings<\/a>, Marrakech, Morocco.<\/p>\n<p>10-12 October (Tuesday-Thursday): <a href=\"https:\/\/aemobforum.com\/\">Autonomous E-Mobility Forum<\/a>, Doha, Qatar.<\/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>9-15 November (Thursday-Wednesday): <a href=\"https:\/\/www.intrafricantradefair.com\/\">Intra-African Trade Fair 2023<\/a>, Cairo, Egypt.<\/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>16-17 November (Thursday-Friday): <a href=\"https:\/\/www.dwtc.com\/en\/events\/world-green-economy-summit-wges-2023\/\">World Green Economy Summit (WGES)<\/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>20-24 November (Monday-Friday) I<a href=\"https:\/\/wam.ae\/en\/details\/1395303172305\">nternational Civil Aviation Organisation\u2019s Aviation and Alternative Fuels conference<\/a>, Dubai, UAE.<\/p>\n<p>27-30 November (Monday-Thursday) <a href=\"https:\/\/twitter.com\/ADGlobalMarket\/status\/1672228350046224384\">Abu Dhabi Finance Week (ADFW)<\/a>, Abu Dhabi, 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>APRIL 2024<\/strong><\/p>\n<p>16-18 April (Tuesday-Thursday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/\">World Future Energy Summit<\/a>, Abu Dhabi, UAE.<\/p>\n<p>23-25 April (Tuesday-Thursday): <a href=\"https:\/\/www.mena.gh2events.com\/\">Connecting Green Hydrogen MENA<\/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><a href=\"https:\/\/uitpsummit.org\/\">UITP Global Public Transport Summit<\/a>, Dubai, UAE.<\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2050<\/strong><\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\">Tunisia\u2019s carbon neutrality target<\/a>.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":78372,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78371","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"45404528-4447-4bc6-a3a3-3a5707922363","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>UK\u2019s Actis is reportedly close to acquiring a 580 MW 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\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/uks-actis-is-reportedly-close-to-acquiring-a-580-mw-wind-farm-in-egypt\/\" \/>\n<meta property=\"og:locale\" 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