{"id":78463,"date":"2023-07-17T01:00:22","date_gmt":"2023-07-17T01:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78463"},"modified":"2025-12-15T09:14:53","modified_gmt":"2025-12-15T09:14:53","slug":"maersk-might-be-looking-to-snap-up-egypts-zafarana-wind-farm","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/maersk-might-be-looking-to-snap-up-egypts-zafarana-wind-farm\/","title":{"rendered":"Maersk might be looking to snap up Egypt\u2019s Zafarana wind farm"},"content":{"rendered":"<section id=\"78465\" 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=\"78465\">\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\/17\/today-maersk-is-reportedly-looking-to-acquire-egypts-zafarana-wind-farm\/\">\r\n                            TODAY: Maersk is reportedly looking to acquire Egypt\u2019s Zafarana wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/today-maersk-is-reportedly-looking-to-acquire-egypts-zafarana-wind-farm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Shall we?<\/p>\n<p><strong>THE BIG CLIMATE STORIES- <\/strong>The Egyptian government has received an offer from Denmark's global shipping bellwether Maersk for the acquisition of the state-owned 545 MW Zafarana wind farm, less than a week after UK private equity giant Actis threw its hat in the ring to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52d66aae-fd63-45b8-8338-8198fde6f651\">acquire the Gabal El Zeit wind farm<\/a>. Also, Saudi renewables developer Acwa Power has signed financing agreements for the SAR 8.3 bn (USD 2.2 bn) Al Shuaibah 1 and Al Shuaibah 2 solar PV projects.<\/p>\n<p><strong>^^ We have more details on these stories and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- A push to revive stalled US-China <\/strong><strong>climate talks:<\/strong> US Climate Envoy John Kerry arrived China yesterday for a three-day visit that aims to restart climate talks between the world\u2019s top greenhouse gas emitters despite a diplomatic row over other issues, including trade disputes and military tensions. Kerry said he is looking for \u201ccandid conversations\u201d with Chinese officials and progress in slashing potent greenhouse gas methane and accelerating a transition away from coal and a faster deployment of renewable energy.<\/p>\n<p><strong>Kerry\u2019s visit made the rounds in international press<\/strong>: <a href=\"https:\/\/www.reuters.com\/world\/us-china-aim-revive-climate-cooperation-tensions-simmer-2023-07-16\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-16\/world-s-two-biggest-polluters-seek-climate-reset-with-kerry-s-visit-to-beijing\">Bloomberg<\/a> | <a href=\"https:\/\/edition.cnn.com\/2023\/07\/15\/china\/us-china-kerry-beijing-climate-talks-intl-hnk\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.ft.com\/content\/87efbae8-0217-4045-b4f1-e348f4ca7466\">The Financial Times<\/a> | <a href=\"https:\/\/www.bbc.co.uk\/news\/world-asia-china-66185535\">BBC<\/a> | <a href=\"https:\/\/www.nytimes.com\/2023\/07\/15\/climate\/us-china-climate-talks.html\">The New York Times<\/a> | <a href=\"https:\/\/www.dw.com\/en\/us-climate-envoy-kerry-visits-china-to-restart-climate-talks\/a-66245989\">Deutsche Welle<\/a><\/p>\n<p><strong>ALSO- A deadly flooding in South Korea has left dozens dead:<\/strong> Authorities said rescuers were able yesterday to retrieve the bodies of eight people who were trapped in a flooded road tunnel after days of heavy rain caused flash floods and landslides and destroyed houses nationwide. The heavy downpour this year comes despite the country\u2019s promise to raise readiness against torrential rains after Seoul saw last year floods caused by heaviest rain in 115 years.<\/p>\n<p><strong>The disaster grabbed headlines worldwide:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/least-31-killed-by-heavy-rains-south-korea-rescuers-hunt-missing-people-2023-07-16\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-15\/south-korea-rainstorm-leaves-7-dead-thousands-evacuated-yonhap\">Bloomberg<\/a> | <a href=\"https:\/\/apnews.com\/article\/south-korea-landslides-floods-e9b1cbb109cae54e8094369e8ab340b9\">The Associated Press<\/a> | <a href=\"https:\/\/www.nytimes.com\/2023\/07\/14\/world\/asia\/south-korea-floods-rain.html\">The New York Times<\/a> | <a href=\"https:\/\/edition.cnn.com\/2023\/07\/15\/asia\/south-korea-floods-gungpyeong-traffic-tunnel-intl-hnk\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2023\/jul\/15\/torrential-rain-batters-south-korea-triggering-landslides-and-leaving-seven-dead\">The Guardian<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-asia-66209578\">BBC<\/a> | <a href=\"https:\/\/www.dw.com\/en\/south-korea-several-bodies-pulled-from-flooded-underpass\/a-66245620\">Deutsche Welle<\/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 shortly.<\/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 release 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>OVER IN COPLAND- We finally have some of the big items on the COP28 agenda: <\/strong>COP28 President Designate Sultan Al Jaber has unveiled the action plan for COP28, which includes among its major goals deploying an operational fund to compensate climate-vulnerable poor nations, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-13\/cop28-president-finally-lays-down-big-agenda-items-for-climate-summit\">Bloomberg<\/a> reported on Thursday. In a climate-focused meeting in Brussels co-hosted by the European Commission, Al Jaber said delegates should outline targets to triple renewables capacity and double hydrogen production by 2030. He said a phasedown of fossil fuels was \u201cinevitable\u201d and \u201cessential,\u201d adding that companies must \u201cattack all emissions\u201d including Scopes 1, 2, and 3, which focus on direct and indirect emissions.<\/p>\n<p><strong>Some are singing the same tune:<\/strong> Several countries led by Germany and Canada have called on the UAE to focus on the phaseout of all unabated fossil fuels, <a href=\"https:\/\/www.ft.com\/content\/07c19641-7214-4000-84a4-6bf0194505f6\">The Financial Times<\/a> reported on Thursday. They warned that the world was seeing \u201ccatastrophic human, environmental and economic losses\u201d without an urgent intervention. \u201cIn the face of killer heatwaves, raging wildfires and torrential floods, we must all do more, faster to mitigate and adapt to the climate crisis,\u201d the environment ministers said in their letter. They said a landmark loss and damage fund agreed in COP27 last year in Egypt needs to be up and running, they said.<\/p>\n<p><strong>Not everyone is on board just yet:<\/strong> \u201cThere\u2019s a large number of other countries that are not yet on board,\u201d COP28 Director-General Majid Al Suwaidi told Bloomberg. \u201cThere\u2019s a lot of debate over whether a timeline is useful, or even realistic,\u201d Al Suwaidi added. His statements come amid concerns of a lack of consensus on a phaseout of fossil fuels at COP28 after top oil producers like Saudi Arabia blocked the effort at COP27 last year.<\/p>\n<p><strong>Everyone will be feeling the pressure: <\/strong>Countries participating in COP28 this year must face how they\u2019re falling behind climate change targets and agree on a plan to get on course, <a href=\"https:\/\/www.reuters.com\/business\/environment\/governments-need-raise-climate-targets-by-september-cop28-president-says-2023-07-13\/\">Reuters<\/a> quotes Al Jaber as saying. \u201cWe must be brutally honest about the gaps that need to be filled, the root causes and how we got to this place here today,\u201d he told the event in Brussels. \u201cThen we must apply a far-reaching, forward-looking, action-oriented and comprehensive response to address these gaps practically.\u201d<\/p>\n<p><strong>ALSO- Climate reparations is a big no for the US:<\/strong> The US will not pay climate reparations to developing nations impacted by climate-driven disasters, <a href=\"https:\/\/www.reuters.com\/world\/us\/us-under-no-circumstances-will-pay-into-loss-damage-fund-kerry-2023-07-13\/\">Reuters<\/a> reported on Thursday, citing statements by US Special Envoy on Climate Change John Kerry. \u201cNo, under no circumstances,\u201d he said during a hearing on the US State Department's climate agenda. The US is among one of the main backers of the loss and damage fund, which does not yet have a mechanism on who should be paying into the fund or how funds would be disbursed to developing countries.<\/p>\n<p><strong>And another big no:<\/strong> Abatement technologies that include carbon capture and storage (CCS) should not replace necessary fossil fuel cuts, the EU and several countries said in a statement seen by <a href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/countries-warn-against-over-reliance-carbon-capture-tech-2023-07-14\/\">Reuters<\/a>. \u201cAbatement technologies must not be used to green-light continued fossil fuel expansion,\u201d said the statement by the EU and 17 countries including Germany, France, and climate-vulnerable island states. They said that such technologies \u201cmust be considered in the context of steps to phase out fossil fuel use, and should be recognised as having a minimal role to play in the decarbonization of the energy sector.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>WATCH THIS SPACE #1- KSA will reportedly sign a joint investment agreement <\/strong><strong>with Japan to develop minerals critical to the energy transition<\/strong>, <a href=\"https:\/\/www.reuters.com\/sustainability\/japan-saudi-arabia-set-agree-rare-earth-resources-joint-development-nikkei-2023-07-15\/\">Reuters<\/a> reported on Saturday, citing Japanese financial newspaper <a href=\"https:\/\/asia.nikkei.com\/Business\/Energy\/Japan-to-team-with-Saudi-Arabia-on-joint-ammonia-production\">Nikkei<\/a>. The agreement will be signed during Prime Minister Fumio Kishida's visit to the region, which officially kicked off yesterday. Japan also plans to support Saudi Arabia\u2019s development of copper, iron and zinc \u2014 minerals that are <a href=\"https:\/\/www.iea.org\/reports\/the-role-of-critical-minerals-in-clean-energy-transitions\/mineral-requirements-for-clean-energy-transitions\">essential<\/a> for EV and battery storage production. Partnerships to exchange technologies needed for the energy transition will also be discussed during Kishida\u2019s visit, a senior Japanese Foreign Ministry official told reporters last week. Other potential investments in mining will be discussed during a roundtable discussion between the two countries, <a href=\"https:\/\/english.aawsat.com\/business\/4435196-riyadh-tokyo-sign-agreements-and-mous-several-sectors\">Asharq Al Awsat<\/a> reported.<\/p>\n<p><strong>REMEMBER- KSA is betting big on critical mineral exploration: <\/strong>The kingdom is looking to unlock an estimated <a href=\"https:\/\/www.google.com\/url?q=https:\/\/press.us9.list-manage.com\/track\/click?u%3D3f7bc576715ca1a70edef2788%26id%3D9086037b2c%26e%3D05dac286dc&source=gmail&ust=1689577165695000&usg=AOvVaw0Kt24V5RSGLDWYjQts90OH\">USD 1.3 tn in mineral reserves<\/a> and aims to become a global hub for metals and minerals needed in the energy transition. It says it also has large untapped reserves of metals \u2014 including copper, zinc, phosphate, and gold \u2014 and it <a href=\"https:\/\/www.google.com\/url?q=https:\/\/press.us9.list-manage.com\/track\/click?u%3D3f7bc576715ca1a70edef2788%26id%3D0877ccdd11%26e%3D05dac286dc&source=gmail&ust=1689577165695000&usg=AOvVaw1PCaCZvq8Ah6YzYhwSy9vI\">plans to attract<\/a> some USD 32 bn in investments in its mining and mineral sector and award more than a dozen mining exploration licenses to international investors.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- Iraq is close to selecting a developer for a new 700 MW <\/strong><strong>solar energy project<\/strong>, Iraq\u2019s Electricity Minister Ziad Ali Fadel told <a href=\"https:\/\/bit.ly\/3XPWACF\">Baghdad Today<\/a> on Thursday. He said the government plans to approve the contract tomorrow, without providing details about the project or the company that will be awarded the project. Fadel said the last contract awarded by Iraq was for the 750 MW solar plant with PowerChina <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cb6c5d6-8027-40fa-94b4-9e7a90d35592\">last month<\/a>.<\/p>\n<p><strong>REMEMBER\u2013<\/strong> <strong>Iraq has a 2023 renewables plan:<\/strong> Iraq wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba8eda2d-277a-4ae1-90a0-5024f8065980\">produce 5 GW of solar power<\/a> in 2023. The country signed solar power agreements over the past two years with several companies, lining up a total generation capacity of 7.5 GW.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- Egypt\u2019s NWFE is getting love from the EIB:<\/strong> The European Investment Bank (EIB) plans to commit EUR 4 bn in funding for development projects in Egypt until 2030 under the government\u2019s flagship Nexus for Water, Food and Energy (NWFE) climate adaptation program, International Cooperation Minister Rania Al Mashat said <a href=\"https:\/\/bit.ly\/3PUUuz9\">last week<\/a> in a virtual speech at the EIB MED Conference. She did not provide details about the projects that could be benefiting from these funds.<\/p>\n<p><strong>About NWFE: <\/strong>The Egyptian International Cooperation Ministry\u2019s program aims to raise blended finance for nine climate adaptation and renewables projects <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36ebb942-7c81-44fa-84b3-8ccff63bea5c\">worth a combined USD 15 bn<\/a>. These include a massive energy project worth US 10 bn, five projects in agriculture and food security, and three in irrigation and water resources. The program was launched ahead of last year\u2019s COP27 climate summit and has been garnering support since.<\/p>\n<p><strong>Other backers:<\/strong> The African Development Bank (AfDB) said earlier this year that it has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7817579d-ada8-4f9e-9b92-48d2aab54d3a\">mobilized USD 2.2 bn<\/a> to improve Egypt\u2019s water security under the program. The European Bank for Reconstruction and Development \u2014 the lead partner on NWFE\u2019s energy pillar \u2014 has allocated <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6de6e137-c444-4227-8153-71e7742f4808\">USD 200-300 mn<\/a> to the energy track of the program. The International Fund for Agricultural Development (IFAD) is committing USD 200 mn to the food track, while a number of other organizations partnering with IFAD are providing another USD 775 mn.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #4- IDB extends funds to Irena\u2019s accelerator platform: <\/strong>The Inter-American Development Bank (IDB) has committed USD 100 mn to the International Renewable Energy Agency\u2019s <a href=\"https:\/\/www.irena.org\/Energy-Transition\/Partnerships\/ETAF\">Energy Transition Accelerator Financing<\/a> platform (ETAF), according to a <a href=\"https:\/\/www.irena.org\/News\/pressreleases\/2023\/Jul\/IDB-Backs-IRENAs-ETAF-with-Potential-Investment-of-up-to-USD-100-Million\">statement<\/a> released last week. IDB\u2019s funding package will be geared toward financing renewables projects in Latin America and the Caribbean. ETAF \u2014 supported by the UAE government \u2014 has already surpassed its initial target of amassing USD 1 bn by 2030 by some USD 250 mn, Irena notes.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/>\n <strong>**<\/strong><\/p>\n<p><strong>THE DANGER ZONE An alert on critical minerals\u2019 vulnerability amid geopolitical <\/strong><strong>risks: <\/strong>Critical mineral supply chains remain vulnerable to geopolitical risks leading to a potential disruption of supply could affect the speed of energy transition, he International Renewable Energy Agency (Irena) said in a <a href=\"https:\/\/mc-cd8320d4-36a1-40ac-83cc-3389-cdn-endpoint.azureedge.net\/-\/media\/Files\/IRENA\/Agency\/Publication\/2023\/Jul\/IRENA_Geopolitics_energy_transition_critical_materials_2023.pdf?rev=f289d177cda14b9aaf2d1b4c074798b4\">report (pdf)<\/a> released last week. The industry is seeing multiple supply risks, including a geographical concentration of mining and processing activities in some countries like Australia, Chile, DRC, Indonesia, and South Africa, according to the report. Also, the world\u2019s top five mining companies control 61% of lithium and 65% of cobalt output, it said. It added that external shocks, resource nationalism, export restrictions, and mineral cartels could augment supply shortages risks.<\/p>\n<p><strong>REMEMBER- <\/strong>Copper, cobalt, nickel, and lithium \u2014 <a href=\"https:\/\/www.iea.org\/reports\/the-role-of-critical-minerals-in-clean-energy-transitions\/mineral-requirements-for-clean-energy-transitions\">critical minerals<\/a> for EV and battery storage production \u2014 are expected to see a massive jump in demand in the coming years as countries roll out their plans for energy transition.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Egypt will host the <\/strong><strong><a href=\"https:\/\/www.egyptminingforum.com\/\">Egypt Mining Forum<\/a><\/strong><strong> from tomorrow to Wednesday <\/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>The UAE will host the <\/strong><strong><a href=\"https:\/\/10times.com\/e14k-ddfr-8f34\">International Conference on Solar Power Technology<\/a><\/strong><strong> from <\/strong><strong>Saturday, 22 July to Sunday, 23 July<\/strong> in Dubai. The conference will bring together industry leaders as well as academics and researchers to discuss trends and innovations in the solar energy production sector.<\/p>\n<p><strong>The UK will host the <\/strong><strong><a href=\"https:\/\/www.h2-view.com\/event\/london-hydrogen-africa-green-h2-investment-forum\/\">London Hydrogen-Africa Green H2 Investment Forum<\/a><\/strong><strong> from Tuesday, <\/strong><strong>25 July to Wednesday 26 July<\/strong> in London. The event will gather green hydrogen developers, investors, and policy makers to discuss challenges, regulatory frameworks, and investments in Africa\u2019s green hydrogen market.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events and news triggers.<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/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\/eib\/\">EIB<\/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\/iraq\/\">Iraq<\/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\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"78467\" 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=\"78468\" 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=\"78468\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/maersk-throws-its-hat-in-the-ring-to-acquire-egypts-545-mw-zafarana-wind-farm\/\">\r\n                            Maersk throws its hat in the ring to acquire Egypt\u2019s 545 MW Zafarana wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1804.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1804.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1804.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1804.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78468\" class=\"content-area-description single-story post-78468 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-egypt tag-enterpriseclimate tag-green-hydrogen tag-ma-watch tag-maersk tag-renewables tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Maersk is looking to snap up Egypt\u2019s Zafarana wind farm:<\/strong> The Egyptian government has received an offer from Denmark\u2019s global shipping company Maersk for the acquisition of the state-owned 545 MW <a href=\"http:\/\/www.nrea.gov.eg\/Technology\/WindStations\">Zafarana wind farm<\/a>, a government source told Enterprise Climate. The global shipping giant is reportedly looking to acquire the farm to use the generated renewable energy to support its own green hydrogen projects, they said. The news was first reported by <a href=\"https:\/\/bit.ly\/3OhTCDu\">Al Mal<\/a>.<\/p>\n<p><strong>What we know:<\/strong> The Egyptian government, the Sovereign Fund of Egypt (SFE) and the country\u2019s Electricity Minister were currently studying the presented offer, Al Mal quotes its sources as saying. They are also assessing assets related to its leading state-owned 580 MW Gabal El Zeit wind farm and Zafarana wind farm after receiving acquisition bids from global unnamed investors.<\/p>\n<p><strong>REMEMBER- <\/strong>Gabal El Zeit and Zafarana were included in the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\">list of 32 companies and assets<\/a> earmarked for privatization announced by the government earlier this year. The farms have attracted <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/860a3d68-680c-4178-8525-c01faa6818b8\">significant interest<\/a>among investors, including Saudi Arabia\u2019s Acwa Power, the UAE\u2019s Alcazar Energy, and our friends at local renewables firm Infinity.<\/p>\n<p><strong>Gabal El Zeit wind farm has been garnering interest:<\/strong> UK private equity giant Actis threw its hat in the ring to acquire the Gabal El Zeit wind farm last week, a government source <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52d66aae-fd63-45b8-8338-8198fde6f651\">confirmed to EnterpriseAM<\/a>. An SFE-led committee including representatives from the finance, electricity, and planning ministries reviewed multiple initial offers, the source told Enterprise, with Actis getting top marks for both its financial offer and technical know-how. The UK-based EM giant will be given full access to the data and the asset ahead of making a final offer.<\/p>\n<p><strong>What\u2019s next:<\/strong> The Egyptian government is looking to secure over USD 300 mn by selling the Gabal El Zeit wind project, Planning Minister Hala El Said said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\">last week<\/a>, adding that it accepted the highest bid in June after receiving a number of non-binding offers. The buyer will be given 60 days to conduct due diligence on the asset, which the government expects will see the sale wrap up by October.<\/p>\n<p><strong>Maersk was already one of Egypt\u2019s besties:<\/strong> Maersk unveiled plans <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cca9f0fa-7d56-4a59-96e2-7b21beb9e915\">last year<\/a> for a USD 15 bn clean fuel project in Egypt as part of the Egyptian government\u2019s plans to position the country as a regional hub for green energy. It plans to work with the Egyptian government to set up a national network to produce and distribute green energy and fuel for ships. The Egyptian Cabinet also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8ccd61bd-6141-4081-89b7-aea81f211048\">approved in May<\/a> requests by Norwegian renewables producer Scatec and Maersk to allocate a piece of land in the Gulf of Suez for a 320 MW wind farm that will power their green projects, which include a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\">green hydrogen plant<\/a> and the USD 15-bn clean fuel project for the latter.<\/p>\n<p><strong>Is there more coming down the pipeline?<\/strong> The government source told Enterprise Climate he expects the government to offer other potential investments in the Gulf of Suez by December amid a growing interest by investors in renewable energy projects in the current period.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/maersk\/\">Maersk<\/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\" 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wp-post-image\" alt=\"\" data-attachment-id=\"78471\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/acwa-power-achieves-financial-close-on-usd-2-2-bn-solar-projects\/1023-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/1023.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1023.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/1023.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/1023.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78470\" class=\"content-area-description single-story post-78470 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-acwa-power tag-aramco tag-enterpriseclimate tag-first-abu-dhabi-bank tag-renewables tag-saudi-arabia tag-solar tag-solar-energy tag-standard-chartered-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Saudi renewables developer Acwa Power has signed financing agreements for <\/strong><strong>the SAR<\/strong><strong> 8.3 b<\/strong><strong>n (USD 2.2 bn) Al Shuaibah 1 and Al Shuaibah 2 PV projects<\/strong>, according to a disclosure on <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_dboJAEIWfxQcwO2Bc6CUtLdKggkhVbsy6TJVEWLIstvbpy49No62N3ezFzOQ7Z86QmCxJnLNDumUqFTnb1_0qpuuhRUEfmTCF0fwBKIQOjeamZuuULM4Bc-xQCCZWMNWNITgvQOJ_6SH0hxA8-eOBBzNwgN6mhyvPumF_fI5MrTujTvB877ieNTCpcQn8cuLFkp83tMAfIUPM20uMq1FdjSwklqKSHMlsi8rKc1HlHDPMlZeWymaKkYAzvkMPD7j32RZJ2KxmySEthSwbiqyaSYlcCWkXbnLqj9lG7Lu6kCKpuJofC-wGStTWp7qoTcP0o-406IyY5LuO1b6ASZVtUNobstKb0asU2bcDa2LzJvRJte63QoXvKmzdOi6pFT7KVDQRiyyKlpC6ffPtcZCZ59_q9T4BKOF7GA!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwODIvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc0ODIx\/\">Tadawul<\/a> yesterday. The capital was raised from a combination of long-term debt and equity financing, the disclosure noted.<\/p>\n<p><strong>The details: <\/strong>Acwa Power secured a total of SAR 6.1 bn (USD 1.6 bn) in senior debt, including SAR 1.7 bn (USD 450 mn) from KSA\u2019s National Development Fund, SAR 4.4 bn (USD 1.2 bn) in a USD-denominated debt facility from Bank Saudi Fransi, First Abu Dhabi Bank, Mizuho Bank, Riyad Bank, Saudi National Bank, Standard Chartered Bank, and Saudi Investment Bank. Equity financing will provide the remainder of the capital for the project.<\/p>\n<p><strong>The projects: <\/strong><a href=\"https:\/\/www.acwapower.com\/media\/338975\/shuaibah-1-iwpp-231117-compressed.pdf\">Al Shuaibah 1<\/a> is an independent water and power project (IWPP) whose first phase saw the construction of a 900 MW desalination plant capable of producing some 880k m3\/day of desalinated water. Planned expansion will see its capacity grow to some 1 mn m3\/day. The USD 1.75 bn <a href=\"https:\/\/www.acwapower.com\/news\/pif-subsidiary-badeel-and-acwa-power-to-develop-the-mena-regions-largest-solar-energy-plant-in-saudi-arabia\/\">Al Shuaibah 2<\/a> solar energy plant is set to be <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f37ee15a-470d-4f5a-9122-af6d8ae02535\">the largest of its kind<\/a> in the region with a 2.06 GW generational capacity. It is slated to kick off commercial operations by 4Q 2025.<\/p>\n<p><strong>There is already an offtake agreement in place: <\/strong>In December, a joint venture between Saudi renewable energy developer Acwa Power and Badeel signed a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f37ee15a-470d-4f5a-9122-af6d8ae02535\">35-year power purchase agreement<\/a> with the Saudi Power Procurement Company (SPPC) for Al Shuaibah 2.<\/p>\n<p><strong>Acwa and Badeel have a lot more in the pipeline: <\/strong>In May, Badeel and Acwa Power <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6824df2c-15b3-4392-acaa-d1721d4130b6\">signed<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6824df2c-15b3-4392-acaa-d1721d4130b6\">power purchase agreements<\/a> with SPPC to develop and operate three solar energy projects worth 4.5 GW at a price tag of SAR 12.2 bn (c. USD 3.25 bn). Both companies will jointly own the 2 GW Ar Rass 2 solar farm, the 1.12 GW Saad 2 PV plant, and the 1.42 Al Kahfah solar project.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/standard-chartered-bank\/\">Standard Chartered Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78472\" 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=\"78472\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/\">\r\n                            SolarizEgypt is investing USD 50 mn in an African expansion this year                        <\/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\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/\" 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\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/')\">\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\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/\">\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=SolarizEgypt is investing USD 50 mn in an African expansion this year&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/\">\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\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/&title=SolarizEgypt is investing USD 50 mn in an African expansion this year\">\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=SolarizEgypt+is+investing+USD+50+mn+in+an+African+expansion+this+year+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F17%2Fsolarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year%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\/17\/solarizegypt-is-investing-usd-50-mn-in-an-african-expansion-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78472\" class=\"content-area-description single-story post-78472 post type-post status-publish format-standard hentry category-investment-watch tag-egypt tag-enterpriseclimate tag-investment-watch tag-renewables tag-solar-energy tag-solarizegypt 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>SolarizEgypt is gearing up for its African expansion:<\/strong> Egypt-based renewables company <a href=\"https:\/\/www.solarizegypt.com\/\">SolarizEgypt<\/a> is looking to invest between USD 40-50 mn in solar PV projects across Africa by the end of the year, <a href=\"https:\/\/www.alborsaanews.com\/2023\/07\/15\/1689909\">Al Borsa<\/a> quotes SolarizEgypt founder and managing director Yaseen Abdel Ghaffar as saying. The investments are part of SolarizEgypt\u2019s expansion plans aimed at adding 80 MW to its clean energy portfolio, Abdel Ghaffar said, without providing details on specific projects or countries, or a timeline for deployed projects.<\/p>\n<p><strong>There was word on the street: <\/strong>Abdel Ghaffar said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5e37005f-adf5-40d3-8c64-906ddbf09799\">last January<\/a> the company was interested in entering the Kenyan, Tanzanian, and South African markets.<\/p>\n<p><strong>What we know so far: <\/strong>The company is looking to raise 75% of the financing needed for its Africa expansion from debt agreements and 25% from equity funding, Abdel Ghaffar says. It is already in talks for financing with six banks including HSBC, CIB, QNB Alahli, Arab African International Bank, and the Bank of Alexandria, as well as undisclosed African lenders for financing, he added.<\/p>\n<p><strong>About SolarizEgypt: <\/strong>Last year, European solar player <a href=\"https:\/\/www.amarencogroup.com\/en\/\">Amarenco Group<\/a> <a href=\"https:\/\/enterprise.press\/stories\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt-65743\/\">acquired 74%<\/a> of the company\u2019s portfolio. The two companies established a JV to co-develop 300 MW worth of solar power projects amounting to EGP 4 bn over a four-year period. SolarizEgypt has a portfolio of over 50 MW of signed solar power purchase agreements with firms including <a href=\"https:\/\/zawya.com\/en\/business\/energy\/solarizegypt-invests-512mln-in-solar-power-plant-in-orascom-developments-el-gouna-fj37c4wk\">Orascom Development Holding<\/a>, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/73809ece-7cd1-4f60-bf4d-f98530f2ac78\">Arabian Cement Company<\/a>, <a href=\"https:\/\/ebrdgeff.com\/egypt\/projects\/first-industrial-rooftop-solar-pv-project-in-egypt-by-solarizegypt\/\">Coca Cola Bottling<\/a>, and others operating in various industries. Abdel Ghaffar reportedly <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5e37005f-adf5-40d3-8c64-906ddbf09799\">said back in January<\/a> the company would invest USD 100 mn in Egypt over the next three years as part of its target to increase business volume and build up FX stocks.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solarizegypt\/\">SolarizEgypt<\/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=\"78473\" 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=\"78473\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/\">\r\n                            Xlinks UK-Morocco interconnector supplier gets green light for factory                        <\/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\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/\" 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\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/')\">\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\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/\">\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=Xlinks UK-Morocco interconnector supplier gets green light for factory&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/\">\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\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/&title=Xlinks UK-Morocco interconnector supplier gets green light for factory\">\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=Xlinks+UK-Morocco+interconnector+supplier+gets+green+light+for+factory+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F17%2Fxlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory%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\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/2521.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78474\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/xlinks-uk-morocco-interconnector-supplier-gets-green-light-for-factory\/2521-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/2521.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2521.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/2521.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/2521.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78473\" class=\"content-area-description single-story post-78473 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-enterpriseclimate tag-interconnector-projects tag-morocco tag-renewables tag-uk tag-xlinks 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>Morocco-UK Xlinks interconnector moving forward: <\/strong>UK-based high-voltage direct current (HVDC) cable manufacturer <a href=\"https:\/\/xlcc.co.uk\/\">XLCC<\/a> \u2014 the contracted supplier of the 3.8k km interconnectors that will link Morocco and the UK under the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/15ce2423-6613-4df0-bf73-bd560e7979d8\">GBP 18 bn<\/a> Xlinks project \u2014 has received local approval for its HVDC manufacturing plant in Scotland, <a href=\"https:\/\/www.moroccoworldnews.com\/2023\/07\/356486\/xlccs-subsea-cable-factory-receives-approval-for-morocco-uk-xlinks-project\">Morocco World News<\/a> reported on Saturday.<\/p>\n<p><strong>The project:<\/strong> UK-based renewables developer Xlinks is the project developer of the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">Morocco-UK<\/a> interconnector and the renewables projects from which it will source power. The company will lay four 3.8k km high-voltage direct current (HVDC) subsea cables to transport 3.6 GW of renewable energy \u2014 nearly 8% of the the UK\u2019s current requirements \u2014 from a 10.5 GW solar and wind farm in Morocco\u2019s Guelmim-Oued Noun region to Britain\u2019s power grid in Devon. The Xlinks project boasts a total size of 1.5 mn sqm \u2014 200k sqm of solar arrays alone. The renewable plants will be supported by a 5 GW battery storage facility. The project is expected to be fully operational by 2030.<\/p>\n<p><strong>Xlinks has been lining up capital and UAE\u2019s Taqa is onboard: <\/strong>In April, Xlinks <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93dd0ba0-81cd-481c-b792-00590a24b3bf\">secured<\/a> GBP 25 mn in funding from the Abu Dhabi National Energy Company (Taqa) and GBP 5 mn from UK-based energy supplier and renewables investor Octopus Energy for the project. Earlier in November, German energy consultancy Conenergy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/23cad848-c456-4d92-9aab-718df4452c82\">invested<\/a> an undisclosed sum in the project under a \u201cfinancial and strategic partnership.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/interconnector-projects\/\">interconnector projects<\/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\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/xlinks\/\">Xlinks<\/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=\"78475\" 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=\"78475\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/78475\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78475\" class=\"content-area-description single-story post-78475 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 data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78476\" 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=\"78476\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/\">\r\n                            PIF and Engie partner on developing green hydrogen projects in the kingdom                        <\/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\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/\" 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\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/')\">\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\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/\">\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=PIF and Engie partner on developing green hydrogen projects in the kingdom&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/\">\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\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/&title=PIF and Engie partner on developing green hydrogen projects in the kingdom\">\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=PIF+and+Engie+partner+on+developing+green+hydrogen+projects+in+the+kingdom+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F17%2Fpif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom%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\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1471.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78477\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/pif-and-engie-partner-on-developing-green-hydrogen-projects-in-the-kingdom\/1471-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1471.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1471.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1471.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1471.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78476\" class=\"content-area-description single-story post-78476 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-engie tag-enterpriseclimate tag-france tag-green-hydrogen tag-hydrogen tag-pif tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>KSA is partnering with Engie for the production + export of green hydrogen:<\/strong> French energy firm Engie signed an MoU with Saudi Arabia\u2019s Public Investment Fund (PIF) for the joint development of green hydrogen projects and its derivatives in the kingdom, a company <a href=\"https:\/\/engiemiddleeast.com\/press-releases\/engie-and-pif-sign-mou-to-jointly-develop-hydrogen-projects-in-saudi-arabia\/\">statement<\/a> said on Thursday. The green hydrogen will be planned for export to foreign markets as the country hopes to become one of the top global exporters of the green fuel.<\/p>\n<p><strong>What\u2019s next?<\/strong> PIF and Engie will evaluate the feasibility of co-developing the production facilities, and will together formulate an export strategy to secure offtake arrangements. No financial details on investments nor a timeline for the launch of projects have been disclosed.<\/p>\n<p><strong>Engie wants in on green hydrogen investments in the region:<\/strong> Engie owns a 25% stake in an international consortium selected by Oman\u2019s state-owned hydrogen company Hydrom <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f13d49f5-621e-4fc7-84f9-c254d8a9b06f\">last month<\/a> for the development of a USD 6.7 bn green hydrogen plant in Duqm \u2014 said to become the largest in the world. The group is seeking new hydrogen projects in Saudi Arabia, the UAE, and Oman as the group\u2019s senior VP of hydrogen for Asia, the Middle East, and Africa Stephan Gobert told The National in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/00c81eca-6bae-4c52-8510-edb351b43418\">May<\/a>. Engie signed an agreement with Fertiglobe in 2022 to study co-developing a \u201cglobally cost-competitive\u201d 200 MW green hydrogen facility in the UAE to back the production of green ammonia, which Fertiglobe CEO Ahmed El Hoshy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93d9290a-3a1f-4330-9cf5-9459418894c3\">suggested<\/a> recently would be a 100-200 MW green hydrogen project in Abu Dhabi.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/engie\/\">Engie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78478\" 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=\"78478\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/\">\r\n                            Spain is axing Algeria from Europe\u2019s ambitious green hydrogen infrastructure                        <\/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\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/\" 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\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/')\">\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\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Spain is axing Algeria from Europe\u2019s ambitious green hydrogen infrastructure&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/\">\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\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/&title=Spain is axing Algeria from Europe\u2019s ambitious green hydrogen infrastructure\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Spain+is+axing+Algeria+from+Europe%E2%80%99s+ambitious+green+hydrogen+infrastructure+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F17%2Fspain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure%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\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78479\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/spain-is-axing-algeria-from-europes-ambitious-green-hydrogen-infrastructure\/425-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"425.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78478\" class=\"content-area-description single-story post-78478 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-algeria tag-enterpriseclimate tag-eu tag-green-hydrogen tag-h2med tag-morocco tag-spain 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>Algeria is getting axed from an ambitious European hydrogen plan: <\/strong>Spain is now partnering with Italy and Morocco for a European-wide hydrogen transport infrastructure that will exclude Algeria on the back of diplomatic tensions with Madrid, Spanish media outlet <a href=\"https:\/\/elperiodicodelaenergia.com\/espana-conectara-con-italia-y-marruecos-para-exportar-hidrogeno-verde-pero-no-lo-hara-con-argelia\/\">El Peri\u00f3dico de la Energ\u00eda<\/a> reported last week. According to the outlet, the <a href=\"https:\/\/ehb.eu\/\">European Hydrogen Backbone<\/a> (EHB) initiative has submitted an updated version of its vision for the infrastructure map where hydrogen is set to be transported through the European Union.<\/p>\n<p><strong>What we know:<\/strong> An updated version of the plans reveals that Spain will no longer connect the Medgaz, a submarine natural gas pipeline between Algeria and Spain, to import or export green hydrogen in 2040 as outlined in previous updates. Instead, it plans to shift focus to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1e3ed2fa-cf96-4d35-9f17-7d894f507e0b\">H2Med<\/a>, a subsea hydrogen pipeline project that is being jointly developed by France, Spain, and Portugal by 2030. Recently, Germany said it <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1e3ed2fa-cf96-4d35-9f17-7d894f507e0b\">plans to join<\/a> the planned green hydrogen corridor, which \u2014 once operational in 2030 \u2014 will supply an estimated 2 mn metric tons of the green fuel (c.10% of the EU\u2019s hydrogen demand), according to officials. The corridor, which was <a href=\"https:\/\/www.reuters.com\/business\/energy\/spain-france-portugal-agree-new-energy-route-pm-sanchez-says-2022-10-20\/\">first announced in October<\/a>, is expected to <a href=\"https:\/\/www.reuters.com\/business\/energy\/h2med-hydrogen-pipeline-france-cost-25-bln-euros-spanish-pm-sanchez-says-2022-12-09\/\">cost some USD 2.6 bn<\/a>.<\/p>\n<p><strong>And there\u2019s more:<\/strong> Spain is also seeking a hydrogen interconnector project with Italy through a 792-kilometer long pipeline connecting Barcelona and Leghom, according to <a href=\"https:\/\/elperiodicodelaenergia.com\/espana-conectara-con-italia-y-marruecos-para-exportar-hidrogeno-verde-pero-no-lo-hara-con-argelia\/\">El Peri\u00f3dico de la Energ\u00eda<\/a>. The infrastructure is expected to be in place in 2040.<\/p>\n<p><strong>Some things are staying the same:<\/strong> Despite Algeria being axed from the Spanish plans, the connection to the Maghreb-Europe gas pipeline, which carries natural gas from Algeria to Spain via Morocco, will remain in place. The possibility of purchasing hydrogen from Morocco and transporting it to Europe through the existing pipeline is also being considered.<\/p>\n<p><strong>REMEMBER<\/strong>- The Maghreb-Europe pipeline was <a href=\"https:\/\/www.reuters.com\/world\/africa\/algeria-end-gas-supplies-morocco-supply-spain-directly-sources-2021-10-25\/\">shut down<\/a> in the fourth quarter of 2021 on the back of a diplomatic row between Algeria and Morocco that was exacerbated by Madrid's stance on the disputed territory of Western Sahara. However, the <a href=\"https:\/\/www.reuters.com\/business\/energy\/spain-begins-natural-gas-exports-morocco-following-diplomatic-row-2022-06-29\/\">pipeline was reopened<\/a> in June 2022 in the opposite direction with natural gas flowing from Spain towards Morocco.<\/p>\n<p><strong>IN OTHER EU NEWS- <\/strong><strong>REPowerEU is getting more funding: <\/strong>The European Investment Bank\u2019s board of directors has approved increasing funding for the bloc\u2019s<a href=\"https:\/\/commission.europa.eu\/strategy-and-policy\/priorities-2019-2024\/european-green-deal\/repowereu-affordable-secure-and-sustainable-energy-europe_en\">REPowerEU<\/a> strategy \u2014 which aims to slash EU fossil fuel imports \u2014 from EUR 30 bn to EUR 45 bn, according to a <a href=\"https:\/\/www.eib.org\/en\/press\/all\/2023-270-eib-to-support-green-deal-industrial-plan-with-eur45-billion-in-additional-financing\">statement<\/a> released last week. The funds, which are expected to be mobilized by 2027, will be channeled toward funding solar energy projects, wind power ventures, green hydrogen-related investments, including in electrolyzer technologies, battery energy storage systems, biofuel generation, carbon capture and storage projects, and smart grid technology integration, the statement notes. The increase in capital is expected to mobilize EUR 150 bn in additional investments for the targeted sectors under REPower EU\u2019s umbrella, the bank notes.<\/p>\n<p><strong>And an Morocco-EU green hydrogen interconnector stands to benefit: <\/strong>Last month, Moroccan hydrogen developer Gaia Future Energy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/932f3e55-6670-4565-8ce2-ec4df7abd931\">signed<\/a> a partnership agreement with Spanish hydrogen provider HyDeal that will see them form a JV \u2014 HyDeal Africa \u2014 to transport green hydrogen from Gaia Future Energy projects in Morocco and Mauritania to Europe in a bid to meet EU energy demands. The project, which aims to facilitate the transport of 1 mn tons of green hydrogen from Morocco to Europe by 2030 and 5 mn tons from Mauritania to the bloc by 2035, falls under the umbrella of Europe\u2019s RepowerEU plan of importing 10 mn gallons of green hydrogen by the end of the decade.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/h2med\/\">H2Med<\/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\/spain\/\">Spain<\/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=\"78480\" 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=\"78480\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/\">\r\n                            The color of oceans has changed over decades due to climate change                        <\/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\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/\" 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\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/')\">\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\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The color of oceans has changed over decades due to climate change&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/\">\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\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/&title=The color of oceans has changed over decades due to climate change\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+color+of+oceans+has+changed+over+decades+due+to+climate+change+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F17%2Fthe-color-of-oceans-has-changed-over-decades-due-to-climate-change%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\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2125.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78481\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/the-color-of-oceans-has-changed-over-decades-due-to-climate-change\/2125-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2125.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2125.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2125.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2125.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78480\" class=\"content-area-description single-story post-78480 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-change tag-climate-in-the-news tag-enterpriseclimate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Is the color of the ocean changing hues? <\/strong>In the past two decades, over 56% of the world\u2019s oceans have changed colors in a manner that is not explicable by natural variability, leading experts to blame the phenomenon on climate change, <a href=\"https:\/\/edition.cnn.com\/2023\/07\/12\/world\/climate-change-ocean-colors-scli-intl-scn\/index.html\">CNN<\/a> reported last week. The color of oceans and other waterways stems from the materials in their upper layers; a deep blue sea signifies little marine life, whereas greener waters indicate the existence of ecosystems that are dependent on plant-like organisms that contain chlorophyll known as phytoplankton, the news outlet explains.<\/p>\n<p><strong>What does this mean? <\/strong>Tropical oceans, which have an abundance of the phytoplankton necessary for sustaining marine life, have become greener over the past 20 years, which reflects a change in the ecosystem, according to research by scientists from the National Oceanography Center in the UK and the Massachusetts Institute of Technology in the US. The study used NASA\u2019s earth orbiting satellite <a href=\"https:\/\/aqua.nasa.gov\/\">Aqua<\/a> to analyze data collected between 2002-2022 to weed out differences in sea colors that are indistinguishable to the human eye.<\/p>\n<p><strong>The implications are not yet clear:<\/strong> While the changing of ocean colors still does not clearly indicate how ecosystems are changing, the researchers predict some regions will likely experience a shortage in phytoplankton growth, others will experience an increase, but ultimately it is probable all parts of the ocean will see alterations in the variety of phytoplankton they host as a result of climate change. Changes in phytoplankton volumes \u2014 which are natural carbon sinks that store greenhouse gasses \u2014 will hinder the ocean\u2019s ability to store CO2 and will likely cause an imbalance in \u201cthe natural organization of ecosystems,\u201d study co-author Stephanie Dutkiewicz notes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78482\" 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=\"78482\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/aramco-partners-with-norways-aker-on-carbon-capture-and-storage-and-we-have-more-details-on-the-uaes-national-ev-policy\/\">\r\n                            Aramco partners with Norway\u2019s Aker on carbon capture and storage and we have more details on the UAE\u2019s national EV policy                        <\/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\/17\/aramco-partners-with-norways-aker-on-carbon-capture-and-storage-and-we-have-more-details-on-the-uaes-national-ev-policy\/\" 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 two-year MoU is set to focus on carbon emissions reduction and removal through the technology from industries and energy solutions by providing modular carbon capture plants.<\/p>\n<p><strong>The UAE outlines its national EV policy:<\/strong> UAE Energy and Infrastructure Minister Suhail Al Mazrouei shed more light on the country\u2019s strategy for electric vehicle adoption as part of a wider <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/323aa611-e4ad-4b79-9356-756cbe0a1e35\">National Energy Strategy update<\/a> released last week, <a href=\"https:\/\/wam.ae\/en\/details\/1395303177202\">Wam<\/a> reported on Thursday. The policy will establish a technical and regulatory framework for EV adoption in the country including for EV battery recycling, help set up EV infrastructure nation-wide, as well as provide economic and environmental incentives to accelerate the transition from combustion engine vehicles, Al Mazrouei noted. The new strategy is part of the country\u2019s target to have EVs comprise 50% of all vehicles on UAE roads by 2050. On the EV front, the country\u2019s updated strategy would focus among other areas on establishing a national network of electric vehicle chargers, UAE Prime Minister Prime Minister Mohammed bin Rashid Al Maktoum had <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/323aa611-e4ad-4b79-9356-756cbe0a1e35\">said<\/a>. The policy will contribute to reducing energy consumption in the transport sector by 20% through the UAE\u2019s Green Mobility Project.<\/p>\n<p><strong>The Suez Canal Economic Zone (SCZone) is looking to roll out green methanol bunkering services before 2027<\/strong>, which was the initially expected timeline, <a href=\"https:\/\/bit.ly\/46T1EKi\">Al Mal<\/a> quotes SCZone chief Walid Gamal El Din as saying. The SCZone is looking to expand the scope of its bunkering services in the near future, he added, indicating that the authority has received hurried requests for services to supply ships with green methanol and green gas products.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Digital Dewa<\/strong> \u2014 the digital arm of the Dubai Electricity and Water Authority (Dewa) \u2014 has signed <strong>an MoU with Huawei <\/strong>to boost <strong>digital transformation and decarbonization<\/strong> as well as establish a future-oriented power communication network. <a href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/disclosures\/617417d8-ddbe-4929-8f76-e851678fd81e\">(Statement, pdf)<\/a><\/li>\n<li><strong>Egypt\u2019s Oil Minister Tarek El Molla <\/strong>met with German natural gas producer <strong><a href=\"https:\/\/www.vng.de\/en\">Verbundnetz Gas<\/a><\/strong><strong><a href=\"https:\/\/www.vng.de\/en\">Agbo<\/a><\/strong> to discuss cooperation on <strong>renewables <\/strong>and <strong>green hydrogen production and storage<\/strong>. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0vh6JZJgjpqzrYHBfZqiwvbZH7D9Xq16At4C6LDmuBX2u1kTXbFrFXy28h38UCRjtl\">Statement<\/a>)<\/li>\n<li><strong>UAE President Mohamed bin Zayed Al Nahyan<\/strong> and<strong> India\u2019s Prime Minister <\/strong><strong>Narendra Modi<\/strong> have agreed to boost cooperation on<strong> renewables and green hydrogen<\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303177642\">Wam<\/a>)<\/li>\n<li><strong>UAE\u2019s <\/strong><strong><a href=\"https:\/\/purehealth.ae\/\">PureHealth<\/a><\/strong> has become the first health sector company in the Middle East, Africa, and Asia to commit to <strong>net zero emissions as early as 2040<\/strong>. (<a href=\"https:\/\/www.khaleejtimes.com\/business\/abu-dhabi-purehealth-commits-to-net-zero-emissions-by-2040-2?amp=1\">Khaleej Times<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ccus\/\">CCUS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78484\" 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=\"78484\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/tesla-india-talk-ev-factory-and-germany-awards-7-gw-in-offshore-wind-farms-to-totalenergies-and-bp\/\">\r\n                            Tesla + India talk EV factory and Germany awards 7 GW in offshore wind farms to TotalEnergies and BP                        <\/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\/17\/tesla-india-talk-ev-factory-and-germany-awards-7-gw-in-offshore-wind-farms-to-totalenergies-and-bp\/\" 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 US electric car manufacturer is also looking to use India as a base for car exports to countries in the Indo-Pacific, they added. \u201cTesla has come to us with an ambitious plan, and we are confident that the movement will be positive this time around, especially as it involves both local manufacturing and exports,\u201d one of the sources said. The prices of the vehicles are set to start from INR 2 mn (c. USD 24.4k), according to the report.<\/p>\n<p><strong>A change of heart?<\/strong> The start of talks with the Indian government represents a shift in strategy for Tesla, whose previous talks with India were deadlocked last year after the Indian government turned down a request by the EV giant to lower import taxes on vehicles, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-talks-with-india-set-up-factory-with-up-500000-annual-capacity-report-2023-07-13\/\">Reuters<\/a> reported on Thursday. In revived efforts, Tesla held <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-discussed-incentive-scheme-auto-sector-with-indian-officials-source-2023-05-18\/\">talks in May<\/a> with Indian officials about incentives offered by the latter for car and battery manufacturing.<\/p>\n<hr class=\"grey-line\">\n<p><strong><a href=\"https:\/\/www.bundesnetzagentur.de\/EN\/Home\/home_node.html\">The German Federal Network Agency<\/a><\/strong><strong> has awarded TotalEnergies and BP offshore<\/strong><strong> wind farms totalling 7 GW in capacity worth c. USD 14 bn<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/energy\/bp-total-win-14-billion-german-offshore-wind-site-tender-2023-07-12\/\">Reuters<\/a> reported last week. In an auction held last week, BP came out as the selected bidder to develop two projects worth 4 GW out of the total 7 GW, the newswire notes. BP will use the clean energy from the projects to support its biofuel, low-carbon, and green hydrogen production targets, as well as supply power for its EV charging networks. TotalEnergies earned the rights to develop the two remaining projects, which will generate 3 GW of clean energy.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Sydney-based <strong><a href=\"https:\/\/www.originenergy.com.au\/\">Origin Energy<\/a><\/strong> has received an AUS 70 mn (c.<strong>USD 48 mn<\/strong>) <strong>financing package<\/strong> from the Australian government to <strong>develop the <\/strong><strong><a href=\"https:\/\/www.originhydrogen.com.au\/\">Hunter Valley<\/a><\/strong><strong> green hydrogen production hub<\/strong>, which is expected to generate 5.5k tons annually in its initial phase. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/origin-energy-gets-48-mln-govt-funding-develop-hydrogen-project-2023-07-13\/\">Reuters<\/a>)<\/li>\n<li><strong>Chinese automaker<\/strong> <strong>BYD <\/strong>reportedly submitted a <strong>USD 1 bn investment <\/strong>proposal to the<strong> Indian government<\/strong> to develop <strong>EVs and batteries<\/strong> in the country. (<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/byd-seeks-nod-1-bln-plan-build-evs-batteries-india-sources-2023-07-14\/\">Reuters<\/a>)<\/li>\n<li><strong>Five Norwegian projects<\/strong> have received a total of <strong>EUR 510 mn <\/strong>from the <a href=\"https:\/\/www.euinnovationfund.eu\/\">EU<\/a><a href=\"https:\/\/www.euinnovationfund.eu\/\">Innovation Fund<\/a>. The projects include a green ammonia plant, a battery factory, and a synthetic graphite plant. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/five-norwegian-green-industry-projects-receive-573-mln-eu-funding-2023-07-14\/\">Reuters<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bp\/\">BP<\/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\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tesla\/\">Tesla<\/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=\"78486\" 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=\"78486\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/17\/the-worlds-whitest-paint-could-slash-the-need-for-acs-by-40\/\">\r\n                            The world\u2019s whitest paint could slash the need for ACs by 40%                        <\/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\/17\/the-worlds-whitest-paint-could-slash-the-need-for-acs-by-40\/\" 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 paint, which is a Guiness World Record holder as the world\u2019s whitest paint, now has the world waiting. \u201cWe weren\u2019t really trying to develop the world\u2019s whitest paint,\u201d said Xiulin Ruan, a professor of mechanical engineering at Purdue University. \u201cWe wanted to help with climate change, and now it\u2019s more of a crisis, and getting worse. We wanted to see if it was possible to help save energy while cooling down the Earth.\u201d<\/p>\n<p><strong>How it works:<\/strong> The paint \u2014 first unveiled in 2020 \u2014 can reflect 95% of the sun\u2019s rays away from Earth and into space. Since that announcement, the team has developed a formula that raised sunlight reflection to 98%. The paint can make surfaces up to 8\u00b0F cooler than air temperatures at midday and up to 19\u00b0F cooler at night. This would help reduce temperatures inside buildings and slash the use of ACs by nearly 40%.<\/p>\n<p><strong>Don\u2019t expect it to roll out soon:<\/strong> The paint won\u2019t be ready for commercial use for at least a year, Ruan said. His team is also working on developing colored paints that use the ultrawhite as a base. \u201cThey will work less ideally than the white, but better than some of the other commercial colors,\u201d he said.<\/p>\n<p><strong>Not fully-climate friendly:<\/strong> The standard version of the ultra white paint uses barium sulfate, which needs to be mined in a process that produces carbon emissions. However, Ruan says it creates no more damage than producing regular commercial paints, which use titanium dioxide that also has to be mined.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/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=\"78488\" 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\/17\/78488\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78488\" class=\"content-area-description single-story post-78488 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>18-19 July (Tuesday-Wednesday): <a href=\"https:\/\/www.egyptminingforum.com\/\">Egypt Mining Forum<\/a>, Cairo, Egypt.<\/p>\n<p>22-23 July (Saturday-Sunday): <a href=\"https:\/\/10times.com\/e14k-ddfr-8f34\">International Conference on Solar Power Technology<\/a>, Dubai, the UAE.<\/p>\n<p>25-26 July (Tuesday-Wednesday): <a href=\"https:\/\/www.h2-view.com\/event\/london-hydrogen-africa-green-h2-investment-forum\/\">London Hydrogen-Africa Green H2 Investment Forum<\/a>, London, UK.<\/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>4-6 September (Monday-Wednesday): <a href=\"https:\/\/africaclimatesummit.org\/\">Africa Climate Summit<\/a>, Nairobi, Kenya.<\/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>18-19 September (Monday-Tuesday): <a href=\"https:\/\/finance.enterprise.news\/\">The Enterprise Finance Forum<\/a>, Cairo, Egypt.<\/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>4-5 October (Wednesday-Thursday): <a href=\"https:\/\/www.futuresustainabilityforum.com\/\">Future Sustainability Forum<\/a>, Dubai, UAE.<\/p>\n<p>8-10 October (Sunday-Tuesday): <a href=\"https:\/\/www.sgbf.sa\/\">Saudi Green Building Forum<\/a>, Riyadh, Saudi Arabia.<\/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>17-18 October (Tuesday- Wednesday): <a href=\"https:\/\/criticalmineralsafrica.com\/\">Critical Minerals Africa<\/a> summit, Cape Town, South Africa.<\/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 (Thursday-Tuesday): <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/p>\n<p><strong>DECEMBER 2023<\/strong><\/p>\n<p>12-14 December (Tuesday-Thursday): <a href=\"https:\/\/www.facebook.com\/ghseoman\/\">Green Hydrogen Summit Oman<\/a>, Oman Convention and Exhibition Center, Muscat, Oman.<\/p>\n<p>18-20 December (Monday-Wednesday): <a href=\"https:\/\/saudi-sg.com\/en\/\">Saudi Arabia Smart Grid Conference<\/a>, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.<\/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\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":78464,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78463","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c586fe90-fdb1-4fea-8ab3-39b3a19c9b93","teaser":"","photo_url":"https:\/\/ent.news\/2021\/11\/551.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>Maersk might be looking to snap up Egypt\u2019s Zafarana wind farm - 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\/maersk-might-be-looking-to-snap-up-egypts-zafarana-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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