{"id":78726,"date":"2023-08-01T01:00:38","date_gmt":"2023-08-01T01:00:38","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78726"},"modified":"2025-12-15T09:19:30","modified_gmt":"2025-12-15T09:19:30","slug":"masdar-eyes-a-2-gw-renewables-expansion-into-malaysia","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/","title":{"rendered":"Masdar eyes a 2 GW renewables expansion into Malaysia"},"content":{"rendered":"<section id=\"78728\" 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=\"78728\">\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\/08\/01\/today-masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\">\r\n                            TODAY: Masdar eyes a 2 GW renewables expansion into Malaysia                        <\/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\/08\/01\/today-masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\" 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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Heavy flooding also hit the neighboring city of Tianjin and the Hebei province, with three of the five rivers that make up the Hai river basin rising to critical levels yesterday. Though downgraded from a typhoon, Doksuri remains one of the strongest storms to hit China in years, with the Beijing observatory maintaining its red alert for heavy rainfall. Tens of thousands of people were evacuated from their homes on the back of the extreme rain.<\/p>\n<p><strong>The extreme rainfall hitting Beijing got coverage in the international press<\/strong>: <a href=\"https:\/\/www.reuters.com\/world\/china\/typhoon-doksuri-thousands-flee-their-homes-heavy-rain-lashes-beijing-2023-07-31\/\">Reuters<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2023\/jul\/31\/china-typhoon-doksuri-beijing-evacuations-weather-rain\">The Guardian<\/a> | <a href=\"https:\/\/news.yahoo.com\/raging-storm-batters-northern-china-072904384.html\">AFP<\/a> | <a href=\"https:\/\/edition.cnn.com\/2023\/07\/31\/asia\/china-beijing-typhoon-doksuri-khanun-damage-intl-hnk\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.nytimes.com\/video\/world\/asia\/100000009019443\/china-rain-beijing-flooding-typhoon.html\">The New York Times<\/a><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>WATCH THIS SPACE #1- UAE\u2019s Adnoc shaves five years off its net zero plan:<\/strong> The UAE\u2019s state oil giant Abu Dhabi National Oil Co (Adnoc) plans to achieve its net zero ambitions in 2045 instead of an initial plan of 2050, according to a <a href=\"https:\/\/www.adnoc.ae\/en\/News-and-Media\/Press-Releases\/2023\/Khaled-bin-Mohamed-bin-Zayed--chairs-meeting-of-Executive-Committee--of-ADNOC-Board-of-Directors\">statement<\/a>. Adnoc also plans to achieve zero methane emissions by 2030. The company allocated USD 15 bn to advance and accelerate low-carbon solutions, new energy investments, and decarbonization technologies <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/95eabfa9-dc3c-4f10-a5ef-a931cd4e4d6c\">earlier this year<\/a> to help achieve its net zero goals.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>WATCH THIS SPACE #2- The Saudis continue to snap up mining projects abroad: <\/strong>Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) is in talks with Canadian miner Barrick to acquire a stake in its <a href=\"https:\/\/www.barrick.com\/English\/operations\/reko-diq\/default.aspx\">Reko Diq copper project<\/a> in Pakistan, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-30\/mining-finance-saudi-arabia-invests-in-copper-nickel-mines?sref=8HTMF4ka#xj4y7vzkg\">Bloomberg<\/a> reported earlier this week, citing people with knowledge of the matter. They said having the PIF as an investor would help alleviate the Canadian miner\u2019s funding burden and bring in a partner known to have political influence in the South Asian country.<\/p>\n<p><strong>Big expansion plans:<\/strong> The interest by the Saudis in Pakistan comes as the PIF <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10539bda-b0a7-4b9b-a406-dd1d74515313\">sealed an<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10539bda-b0a7-4b9b-a406-dd1d74515313\">agreement last week<\/a> with Brazilian miner Vale to grab a 10% slice of its base metals unit as it eyes a pivotal role in the global energy transition supply chains. It aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">become a global hub for green metals<\/a> that are critical for the energy transition under efforts to diversify its economy away from oil. This includes significant amounts of uranium and titanium discovered in the country, according to officials. KSA says it has <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/551f255a-0fdc-447b-992d-0d0134c533b6\">untapped metals and minerals<\/a> \u2014 including copper, zinc, phosphate, and gold \u2014 collectively worth USD 1.3 tn.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE DANGER ZONE- Heat stress will put a dent in economic growth: <\/strong>Increasing <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/680f2e7e-93a5-401f-8562-ffdd0456b34b\">heatwaves across the globe<\/a> pose a major threat to workers, business productivity, and sustainable economic growth, <a href=\"https:\/\/www.ilo.org\/\">International Labour Organization<\/a> occupational heat stress expert Nicolas Ma\u00eetre told <a href=\"https:\/\/news.un.org\/en\/story\/2023\/07\/1139237\">UN News<\/a>. Occupational heat stress happens when it is too hot to work safely or productively, leading to heat exhaustion, heat cramps, or heat stroke, which, in severe cases, can be fatal. When temperatures reach 33-34\u00b0C, worker performance can drop up to 50% in physically demanding jobs, Ma\u00eetre said, adding that the agricultural and construction sectors are the most affected.<\/p>\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>CIRCLE 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><a href=\"https:\/\/finance.enterprise.news\/\">TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon.<\/p>\n<p><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\">this form<\/a> and we\u2019ll be in touch.<\/p>\n<hr class=\"grey-line\">\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\/how-to-become-part-of-a-multinationals-supply-chain\/id1617987136?i=1000622000939\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/57zbwQADGdOo5cMf37jSzM\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/MDUwOTc0ZGUtZGViOS00Zjc4LTliZGQtYjA0NzAxMGExMTUw?sa=X&ved=0CAUQkfYCahcKEwjA4YO_qKWAAxUAAAAAHQAAAAAQAQ\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1118757834\">Anghami<\/a>. <strong>We\u2019re releasing a new episode every Sunday morning.<\/strong><\/p>\n<p><strong>IN THIS WEEK\u2019S EPISODE- <\/strong>We look at whether industrial clusters \u2014 which have been used to great effect elsewhere \u2014 can be a way for SMEs to be part of a potential export-oriented economy. Our speakers shed light on where industrial zones are working for us already, how Egypt can leverage clusters to get a bigger slice of that cross-border trade, and how industrial clusters can bring together SMEs to work with larger firms. We were joined on that panel by <strong>Shady Williams<\/strong>, managing director of IDG, <strong>Mohamed ElGebely<\/strong>, team leader at USAID Trade, and <strong>Nada El Ahwal<\/strong>, CSO of Transmar.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<br \/>\n <strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Sweden will host <\/strong><strong><a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week<\/a><\/strong><strong> from Sunday, 20 August to Wednesday, 24 August<\/strong> in Stockholm. Organized by the Stockholm International Water Institute, the event will bring together policy makers, NGOs, and private sector players to discuss innovative solutions to managing water and how to tackle food security, biodiversity, and climate change.<\/p>\n<p><strong>The US will host the <\/strong><strong><a href=\"https:\/\/crgconferences.com\/recycling\/\">International Conference on Recycling and Waste Management<\/a><\/strong><strong> and <\/strong><strong>the <\/strong><strong><a href=\"https:\/\/crgconferences.com\/environmental\/\">International Conference on Environmental Sustainability and Climate Change<\/a><\/strong><\/p>\n<p><strong>from Monday, 21 August till Tuesday, 22 August<\/strong> in Philadelphia. The waste management conference will gather environmental engineers, and recycling, wastewater treatment, and climate researchers to discuss trends and innovations in plastics recycling, wastewater treatment, and renewable energy. The sustainability and climate change conference will bring together researchers and industry leaders to spotlight innovations in environmental science, climatology, renewable energy, and pollution control.<\/p>\n<p><strong>The Dominican Republic will host the <\/strong><strong><a href=\"https:\/\/unfccc.int\/event\/tc3\">COP27 Transitional Committee<\/a><\/strong><strong>from Tuesday, 29 August to Friday, 1 September<\/strong>. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund. It also wants to expand sources for climate funding under the program.<\/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, national holidays and news triggers.<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/energy-transition\/\">energy transition<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78730\" 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=\"78731\" 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=\"78731\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\">\r\n                            Masdar eyes a 2 GW renewables expansion into Malaysia                        <\/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\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\" 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\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/')\">\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\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\">\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=Masdar eyes a 2 GW renewables expansion into Malaysia&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\">\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\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/&title=Masdar eyes a 2 GW renewables expansion into Malaysia\">\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=Masdar+eyes+a+2+GW+renewables+expansion+into+Malaysia+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F01%2Fmasdar-eyes-a-2-gw-renewables-expansion-into-malaysia%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\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1370.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78732\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/1370-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1370.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1370.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1370.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1370.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78731\" class=\"content-area-description single-story post-78731 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-enterpriseclimate tag-masdar tag-renewables tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Masdar inks an MoU with Berhad to develop Malaysian renewables: <\/strong>UAE renewables giant Masdar has signed an MoU with Malaysian investment holding company <a href=\"https:\/\/citaglobal.my\/\">Citaglobal Berhad<\/a> to jointly develop 2 GW worth of renewable energy projects in Malaysia, according to a <a href=\"https:\/\/news.masdar.ae\/News\/2023\/07\/30\/11\/14\/Masdar-Explores-Developing-2GW-Clean-Energy-in-Malaysia\">statement<\/a>. No financial details or a timeline for the projects have been disclosed.<\/p>\n<p><strong>The details: <\/strong>Under the agreement, the projects both parties will explore include solar plants, battery energy storage systems (BESS), wind farms, and other renewable energy technologies, the statement notes. Masdar and Citiglobal are looking to develop these projects in the Malaysian state of Pahang, it adds.<\/p>\n<p><strong>More in the pipeline? <\/strong>UAE Prime Minister Khaled bin Mohammed bin Zayed and counterpart Anwar Ibrahim met in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6fe8def2-10bf-47b3-910d-834da33f3a7d\">Malaysia last May<\/a> to discuss exploring potential partnerships in the clean energy sector.<\/p>\n<p><strong>Not <\/strong><strong>Masdar\u2019s first entry in Southeast Asia:<\/strong> The company has heavily invested in renewable energy projects in Southeast Asia recently, including Indonesia. Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c0e6a33d-90d1-43dd-93ef-aa4e29a5d598\">bought shares<\/a> in the geothermal unit of Indonesia\u2019s state-owned energy firm Pertamina earlier this year in February. The company signed an agreement last year to co-develop solar energy projects <a href=\"https:\/\/news.masdar.ae\/en\/News\/2022\/01\/19\/11\/06\/Masdar-signs-agreement-to-explore-export-of-renewable-energy-from-Indonesia-to-Singapore\">worth 1.2 GW<\/a> with Tuas Power, EDF Renewables, and PT Indonesia Power with an eye on exporting the energy to Singapore. It also signed a power purchase agreement with the Indonesian electricity company for a 145 MW <a href=\"https:\/\/masdar.ae\/Masdar-Clean-Energy\/Projects\/Cirata-Floating-Solar-Photovoltaic\">floating solar power plant<\/a> in 2020.<\/p>\n<p><strong>The company is eyeing an extensive renewable energy portfolio:<\/strong> Masdar is planning to grow its global portfolio to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/53701f25-7e73-45d7-abeb-3a954978d785\">at least 100 GW by 2030<\/a>. It is also looking to expand its green hydrogen production to 1 mn tons per annum by 2030. The combined capacity for its global portfolio is estimated at 20 GW across 40 countries.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78733\" 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=\"78733\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/\">\r\n                            Hyundai and KSA\u2019s Ceer sign agreement on supply of EV parts                        <\/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\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/\" 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\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/')\">\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\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/\">\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=Hyundai and KSA\u2019s Ceer sign agreement on supply of EV parts&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/\">\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\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/&title=Hyundai and KSA\u2019s Ceer sign agreement on supply of EV parts\">\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=Hyundai+and+KSA%E2%80%99s+Ceer+sign+agreement+on+supply+of+EV+parts+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F01%2Fhyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts%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\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Electric-car-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78734\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/hyundai-and-ksas-ceer-sign-agreement-on-supply-of-ev-parts\/electric-car-1600px-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Electric-car-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"Electric-car-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Electric-car-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Electric-car-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78733\" class=\"content-area-description single-story post-78733 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-ceer tag-electric-vehicles tag-enterpriseclimate tag-evs 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-02\"><\/a> <strong>KSA\u2019s Ceer will source EV spare parts from Hyundai:<\/strong> South Korean automaker Hyundai Kefico \u2014 a subsidiary of Hyundai \u2014 has signed a KRW 250 bn (c. USD 196 mn) agreement to supply spare parts to Saudi Arabia\u2019s first EV manufacturing company <a href=\"https:\/\/ceermotors.com\/\">Ceer<\/a>, <a href=\"https:\/\/ar.yna.co.kr\/view\/AAR20230728002500885\">Yonhap News Agency<\/a> reports.<\/p>\n<p><strong>The details:<\/strong> Under the agreement, Hyundai will supply Ceer with vehicle control units \u2014 the <a href=\"https:\/\/www.sinovation-ev.com\/post\/what-is-the-differences-between-ecu-and-vcu#:~:text=2.,that%20realizes%20vehicle%20control%20decisions.\">travel computers<\/a> which realize the control decisions of electric vehicles \u2014 and EV traction inverters, which transform direct current (DC) supply from EV batteries into an alternating current (AC) output. Talks between the two companies are still ongoing for additional supply agreements, Yonhap notes, adding that Ceer may invest a further KRW 450 bn (c.USD 353 mn) to source more EV components from the South Korean automaker.<\/p>\n<p><strong>Things are moving along for KSA\u2019s first EV brand:<\/strong> The company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4c08f92b-a46c-4e3f-8612-fda17753e740\">received a manufacturing<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4c08f92b-a46c-4e3f-8612-fda17753e740\">license<\/a> from KSA\u2019s Ministry of Industry and Mineral Resources last June for its planned <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ee461e8-e76f-4e4f-bab1-3bf0611dff80\">USD 96 mn EV production plant<\/a>. Once it kicks off operations, Ceer is expected to rake in over USD 150 mn in foreign direct investment with EVs expected to hit the market in 2025.<\/p>\n<p><strong>About Ceer:<\/strong> The company \u2014 a JV between Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) and Taiwanese multinational electronics contract manufacturer Hon Hai Precision Industry Company (Foxconn) \u2014 was <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1b8a41d-7d82-4769-b677-ea007e244255\">established last November<\/a>. The EV brand, which will license component technology from BMW, is expected to contribute USD 8 bn to Saudi Arabia\u2019s GDP by 2034.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ceer\/\">Ceer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"78735\" 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=\"78735\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/78735\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78735\" class=\"content-area-description single-story post-78735 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78736\" 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=\"78736\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/maersk-is-reportedly-preparing-an-offer-for-a-50-stake-in-egypts-zafarana-wind-farm\/\">\r\n                            Maersk is reportedly preparing an offer for a 50% stake in 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\/08\/01\/maersk-is-reportedly-preparing-an-offer-for-a-50-stake-in-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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If Maersk reaches an agreement with Egypt, it would use the clean energy produced for its planned <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/26d78f41-cf2e-469d-bb1b-3d4db23f77b9\">USD 15 bn green hydrogen project<\/a> in the country.<\/p>\n<p><strong>The project: <\/strong>Launched in 2011, the project spans 120 sq km, comprising 700 wind turbines that <a href=\"https:\/\/www.power-technology.com\/marketdata\/power-plant-profile-zafarana-egypt\/\">offset c. 648k tons<\/a> of CO2 equivalent annually. The project was financed through soft loans provided by Denmark, Spain, Japan, and Germany.<\/p>\n<p><strong>Next steps:<\/strong> The Egyptian government, the Sovereign Fund of Egypt (SFE), and the country\u2019s electricity minister have reportedly asked the Danish company to submit a financial offer for its share of the project in preparation for negotiations, the news outlet notes.<\/p>\n<p><strong>Not the only windy Maersk spot in Egypt: <\/strong>The Egyptian Cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8ccd61bd-6141-4081-89b7-aea81f211048\">approved in May<\/a> requests by Norway\u2019s Scatec and Maersk to allocate land for a planned 320 MW wind farm to power the company\u2019s green projects which include <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\">Scatec\u2019s 100 MW green hydrogen plant<\/a> and Maersk\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/26d78f41-cf2e-469d-bb1b-3d4db23f77b9\">USD 15 bn clean fuel project<\/a>.<\/p>\n<p><strong>And there\u2019s another Egyptian wind farm up for grabs:<\/strong> Egypt is selling off shares in the state-owned 580 MW Gabal El Zeit wind farm which is included on 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 by the government. 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, the UK\u2019s Actis, and Egypt-based renewables firm Infinity. The Egyptian government is looking to secure over USD 300 mn by selling Gabal El Zeit, Planning Minister Hala El Said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\">said earlier this month<\/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 before the sale, which is expected to be finalized by October.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78738\" 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=\"78738\">\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\">Coffee With\u2026<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/karm-architecture-labs-principal-architect-farah-faheem-talks-sustainable-architecture-in-mena\/\">\r\n                            Karm Architecture Lab\u2019s Principal Architect Farah Faheem talks sustainable architecture in MENA                        <\/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\/08\/01\/karm-architecture-labs-principal-architect-farah-faheem-talks-sustainable-architecture-in-mena\/\" 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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Founded in 2014, KAL \u2014 a member of the <a href=\"http:\/\/www.karmsolar.com\/\">KarmSolar group<\/a> \u2014 offers cost-effective and eco-friendly buildings that are responsive to the surrounding environment and culture using locally-sourced natural earth materials such as stone, sand, and shale for self-sufficient construction. With over 12 years of experience in the Middle East and Egypt, Faheem focuses on the overarching economical and physiological values of environmental and high-performing architectural and urban designs.<\/p>\n<p>We sat down with Faheem to talk about sustainable architecture, KAL\u2019s projects, and how COP27 prompted an interest and growth in the sector.<\/p>\n<p><strong>Edited excerpts of our conversation follow:<\/strong><\/p>\n<p><strong>Enterprise:<\/strong> Tell us a bit about the story behind KAL.<\/p>\n<p><strong>Farah Faheem:<\/strong> We are a design, construction, supervision, contracting, and urban planning firm based in Cairo. Our architecture lab was founded on the basis of offering a multidisciplinary approach to urban planning and construction, with sustainable, high-performing architecture at the heart of it all. We have two companies operating under KAL; a design arm and a construction arm, which both work hand-in-hand to provide high-quality design products that can be efficiently executed on-site with value engineering.<\/p>\n<p><strong>E:<\/strong> How are KAL\u2019s developments eco-friendly?<\/p>\n<p><strong>FF:<\/strong> We have a research-based approach starting with design itself. We start with thinking about sourcing efficient and affordable building materials, instead of using common building materials such as red or white bricks, which can be costly. One example of this is the solar-powered <a href=\"https:\/\/wadisabarah.com\/\">Wadi Sabarah<\/a> Lodge we built in Marsa Alam using fossilized <a href=\"https:\/\/www.mindat.org\/min-55013.html\">coral limestone<\/a>. Using readily available locally sourced materials like this limestone, there is no need for costly and carbon-extensive excavation processes. Using the limestone pushed down construction costs by 40% compared to traditional building methods. On the clean energy front, most of our developments are either fully powered by solar energy or supplemented with solar power.<\/p>\n<p><strong>E:<\/strong> What is the main obstacle KAL tries to overcome?<\/p>\n<p><strong>FF: <\/strong>We try to change the mindset and the ideas regarding what sustainable architecture means from a financial point of view, whether it\u2019s reducing the construction budget by up to 40-50% in some cases or reducing the operational costs of buildings throughout their lifespans. For instance, if the lifespan of a typical building is 50 years and we\u2019re able to push down operation costs by up to 50-70%, we are redefining sustainable architecture as the affordable alternative to traditional architectural design and construction \u2014 even if initial investment was higher for the sustainable approach in some instances.<\/p>\n<p><strong>E:<\/strong> How do you measure the energy-efficiency of your buildings?<\/p>\n<p><strong>FF:<\/strong> We incorporated an environmental engineering department in our company in the last four years to compute and produce actual data of how much our designs will reduce energy consumption throughout the lifespan of the building. From a user experience perspective, we\u2019ve had real feedback from guests at Wadi Sabarah Lodge who have said that they were able to use their rooms without air conditioning in summer because of how the hotel was designed, even though it\u2019s located in one of Egypt\u2019s hottest regions. The same applies for a residential home we built in the same location, the Breathing Beach House.<\/p>\n<p><strong>E: <\/strong>Tell us a bit more about how the design process led to such results.<\/p>\n<p><strong>FF:<\/strong> All of our projects were designed with passive design strategies that ensure natural cross ventilation, ensuring the presence of an inlet and outlet for natural air flow, while ensuring protection from excessive heat gain.<\/p>\n<p>In our design process, we assess the sun and wind\u2019s movement throughout the year and protect the necessary elevations from excessive heat gain in summer. The beach house, for example, used a second skin wall, thick fossilized coral limestone walls, two ventilation towers, and a breezy plan layout to allow the house to operate as a living organism. The second skin protects the south elevation of the house from excessive heat gain. The two ventilation towers, a wind catcher and a solar chimney all operate alternatively to absorb natural cooled air into the house while the other tower sucks the hot air out.<\/p>\n<p>The same kind of ideas were also used for the hotel, where you have multi-layered arcades to protect from excessive heat gain and encourage natural air flow through the various indoor and outdoor spaces. All of these interventions may seem minimal, but their actual impact on the indoor temperatures and the overall use-comfort levels is massive.<\/p>\n<p><strong>E:<\/strong> Are you witnessing a growth in the sustainable architecture sector locally or regionally?<\/p>\n<p><strong>FF:<\/strong> Yes, more so after the COP27 climate summit in Egypt last year. As a sustainability consultancy, KAL has been approached in the last few months by a few of the biggest real estate developers in Egypt to assess their ongoing developments and already built developments in a bid to enhance sustainability, energy efficiency, and user experience through design improvements. KAL is also exploring expansions in Europe and the Middle East.<\/p>\n<p><strong>E:<\/strong> What other projects do you have in the pipeline?<\/p>\n<p><strong>FF:<\/strong> We have a number of very exciting projects in the pipeline this year including hospitality projects. We've got a hotel being designed and built in Siwa, hopefully with the initiation of construction early next year. We\u2019ve got another hotel concept that\u2019s going to be spread out across Egypt and another in the Fayoum area we\u2019re hoping to have constructed next year.<\/p>\n<p>We also plan to establish another Karm Solar campus in the New Valley governorate, where we are also building a large scale solar station. The new campus will be a subterranean structure, which means the whole thing will be built underground, which we\u2019re very excited to be introducing to Egypt. We're also renovating a 70-year-old institutional building built by one of Hassan Fathy\u2019s students.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/coffee-with-5\/\">COFFEE WITH\u2026<\/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\/sustainable-architecture\/\">Sustainable architecture<\/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=\"78740\" 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=\"78740\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/a-major-eu-shipping-lane-is-at-risk-as-rhine-river-levels-dip-dangerously-spains-capital-energy-is-selling-of-its-usd-1-bn-renewables-portfolio-uk-greenlights-more-oil-and-gas-projects\/\">\r\n                            A major EU shipping lane is at risk as Rhine River levels dip dangerously + Spain\u2019s Capital Energy is selling of its USD 1 bn renewables portfolio + UK greenlights more oil and gas projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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<\/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\/08\/01\/a-major-eu-shipping-lane-is-at-risk-as-rhine-river-levels-dip-dangerously-spains-capital-energy-is-selling-of-its-usd-1-bn-renewables-portfolio-uk-greenlights-more-oil-and-gas-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1362.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78741\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/a-major-eu-shipping-lane-is-at-risk-as-rhine-river-levels-dip-dangerously-spains-capital-energy-is-selling-of-its-usd-1-bn-renewables-portfolio-uk-greenlights-more-oil-and-gas-projects\/1362-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1362.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1362.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1362.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1362.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78740\" class=\"content-area-description single-story post-78740 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-climate-change tag-enterpriseclimate tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Low Rhine River levels are ringing alarm bells:<\/strong> Companies in Europe are scrambling to adapt to receding waters at the Rhine River, putting the future of the major western European shipping lane at risk, <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2023-07-31\/low-rhine-river-levels-puts-europe-s-most-important-trade-route-at-risk?srnd=green\">Bloomberg<\/a> reports. Some companies like German chemicals giant BASF are re-routing logistics to train and trucks, while others like German plastics manufacturer Covestro could be shifting some of their production to Belgium. The shallow water at the Rhine has forced freight operators to start revamping fleets with barges to allow them to navigate. The scorching heatwave in southern Europe pushed the river at Kaub to levels that would only allow in some cargo vessels carrying half of normal capacity. Despite recent rains raising water levels at the Rhine, it was still insufficient for vessels to sail fully loaded. An overhaul of the Rhine\u2019s fleet of 8.9k ships to keep the commerce flowing is also coming in at a hefty price of EUR 90 bn.<\/p>\n<p><strong>Capital Energy to sell USD 1 bn worth of wind + solar power plants: <\/strong>Spanish renewable energy investor Capital Energy has hired financial advisor and asset manager Lazard to sell its USD 1 bn portfolio of 4.3 GW of onshore wind and solar plants in Spain, <a href=\"https:\/\/www.reuters.com\/markets\/deals\/capital-energy-sell-1-bln-renewable-energy-portfolio-sources-2023-07-30\/\">Reuters<\/a> reports, citing people with knowledge of the matter. The sale includes 48 projects due to begin construction within 15 months. According to the sources, bidders could either grab projects near completion, less developed projects, or a combination of both.<\/p>\n<p><strong>Britain greenlights new oil and gas projects in the North Sea:<\/strong> UK Prime Minister Rishi Sunak approved around 100 new oil and gas extraction licenses in the North Sea and announced support for two carbon capture and storage clusters in northeast Scotland and the Humber in northern England, the <a href=\"https:\/\/www.ft.com\/content\/d2e46191-282b-4718-af1f-1cfedfbf7d23\">Financial Times<\/a> writes. The fossil fuel exploration plan is integral to the UK\u2019s carbon-neutrality target for 2050 because it will minimize imports of natural gas, according to Sunak. \u201cWhen we reach net zero in 2050, a quarter of our energy needs will still come from oil and gas, and domestic gas production has about a quarter or a third of the carbon footprint of imported gas,\u201d Sunak said, according to <a href=\"https:\/\/www.theguardian.com\/environment\/2023\/jul\/31\/rishi-sunak-approval-100-new-north-sea-oil-and-gas-licences-fossil-fuel-climate-crisis\">The Guardian<\/a>. While Sunak says the move is consistent with the UK\u2019s environmental commitments, the International Energy Agency has said that <a href=\"https:\/\/www.iea.org\/reports\/net-zero-by-2050\">no new oil and gas projects<\/a> should go forward if the Paris-agreed 1.5\u00b0C warming limit is to be met. The move is drawing criticism from climate advocates who say the plan would \u201csend a wrecking ball\u201d through the country\u2019s climate targets.<\/p>\n<p><strong>REMEMBER- Greenpeace is taking the British government to court:<\/strong> London\u2019s High Court <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1fc41d0-5bd6-49e0-8f02-ac91d061020f\">approved Greenpeace\u2019s request<\/a> to challenge the British government over granting new licenses for fossil fuels extraction in the North Sea last April. Last year, the UK held its first oil and gas exploration licensing round since 2019 in a bid to shore up local energy supply after energy prices skyrocketed.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Adani\u2019s sales on the up and up:<\/strong> Adani Green Energy reported bumper earnings in 2Q \u2014 up about 50% y-o-y to stand at USD 39 bn \u2014 on the back of a 70% rise in energy sales from new projects and improved use of solar plants. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-31\/adani-green-profit-jumps-as-clean-energy-sales-surge-70?srnd=premium-middle-east\">Bloomberg<\/a>)<\/li>\n<li><strong>EU finalizes corporate ESG rulebook:<\/strong> The EU Commission issued a finalized version of its rulebook on corporate ESG disclosures. Large companies will issue their first ESG reports in 2025 based on 2024 data. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-31\/eu-companies-get-new-esg-rules-aimed-at-addressing-climate-risks#xj4y7vzkg\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78742\" 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=\"78742\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/\">\r\n                            Egypt-bound Netherlands car carrier ship is still billowing smoke                        <\/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\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/\" 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\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/')\">\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\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/\">\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=Egypt-bound Netherlands car carrier ship is still billowing smoke&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/\">\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\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/&title=Egypt-bound Netherlands car carrier ship is still billowing smoke\">\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=Egypt-bound+Netherlands+car+carrier+ship+is+still+billowing+smoke+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F01%2Fegypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke%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\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1411.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78743\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/egypt-bound-netherlands-car-carrier-ship-is-still-billowing-smoke\/1411-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1411.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1411.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1411.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1411.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78742\" class=\"content-area-description single-story post-78742 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-egypt tag-enterpriseclimate tag-evs wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Netherlands tows burning car carrier away from shipping lanes:<\/strong> A car carrier ship that erupted in flames while carrying over 3k vehicles \u2014 including some 498 EVs \u2014 near the Dutch coast is currently being towed to a new temporary location away from shipping routes, the Dutch water board Rijkswaterstaat <a href=\"https:\/\/twitter.com\/Rijkswaterstaat\/status\/168592442671653273\">said<\/a> earlier this week. A fire broke out on the ship, which was traveling from Germany to Egypt, last Wednesday killing one crew member and injuring seven. The relocation of the vessel is an intermediate step in what will be a <a href=\"https:\/\/www.reuters.com\/article\/netherlands-fire-towing-idAFKBN2ZB09A\">difficult salvage operation<\/a> as there the vehicles continue to burn with smoke billowing off the carrier. EV lithium-ion batteries usually burn with twice the energy of a normal fire, Reuters noted.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE companies take the pledge: <\/strong>Emirates NBD joined 15 other organizations in the <a href=\"https:\/\/www.moccae.gov.ae\/en\/media-center\/news\/29\/8\/2022\/uae-climate-responsible-companies-pledge-to-boost-private-sectors-contribution-to-uae-net-zero-by-2050-strategic-initiative.aspx\">UAE Climate-Responsible Companies Pledge<\/a>, which encourages organizations to improve their collective efforts to combat climate change and reduce carbon emissions. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303182458\">Wam<\/a>)<\/li>\n<li><strong>Sharjah adds more EVs to its public transport fleet:<\/strong> The Sharjah Roads and Transport Authority added 10 electric vehicles and two electric buses to its fleet under efforts to boost sustainable mobility solutions. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303182544\">Wam<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78744\" 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=\"78744\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/01\/american-retail-giant-walmart-wants-to-repurpose-its-co2-emissions-to-produce-yarn\/\">\r\n                            American retail giant Walmart wants to repurpose its CO2 emissions to produce yarn                        <\/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\/08\/01\/american-retail-giant-walmart-wants-to-repurpose-its-co2-emissions-to-produce-yarn\/\" 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 cellulose pulp is then spun into fibers, yarn, and textile, the company <a href=\"https:\/\/www.rubi.earth\/technology\">explains<\/a>.<\/p>\n<p><strong>Carbon-apparel:<\/strong> Rubi will integrate its modular reactor systems across CO2-producing facilities within Walmart\u2019s supply chain to capture and convert CO2 with the hopes of testing out Rubi\u2019s cellulose fiber performance in prototype garments. If the testing phase proves successful, they will work on designing and developing an apparel collection from the repurposed carbon. Rubi \u2014 which has raised <a href=\"https:\/\/fashionunited.com\/news\/business\/ganni-reformation-and-patagonia-join-rubi-pilot-to-decarbonise-fashion\/2023030252576\">USD 13.5 mn<\/a> to date from investors including H&M Group and Patagonia Inc. \u2014 has already successfully created yarn from repurposed CO2, but has yet to do so at scale, Bloomberg notes. In June, Rubi and Danish fashion brand Ganni <a href=\"https:\/\/fashionunited.uk\/news\/fashion\/ganni-and-rubi-debut-carbon-made-yarn\/2023062870243\">unveiled the first batch<\/a> of their carbon-sourced yarn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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=\"78746\" 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\/08\/01\/78746\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78746\" class=\"content-area-description single-story post-78746 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>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>, Dominican Republic.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>4-6 September (Monday-Wednesday): <a href=\"https:\/\/saudi-smic.com\/\">Sustainable Maritime Industry Conference<\/a>, Jeddah, Saudi Arabia.<\/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>8-12 October (Sunday-Thursday): <a href=\"https:\/\/unfccc.int\/MENACW2023\">MENA Climate Week<\/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>18-20 October (Wednesday-Friday): <a href=\"https:\/\/www.atalayar.com\/en\/articulo\/economy-and-business\/morocco-and-belgium-will-hold-business-meeting-on-green-hydrogen-in-october\/20230719115701188407.html\">Morocco and Belgium business meeting on green hydrogen<\/a>, Tangiers, Morocco.<\/p>\n<p>17-18 October (Tuesday- Wednesday): <a href=\"https:\/\/criticalmineralsafrica.com\/\">Critical Minerals Africa Summit<\/a>, 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\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":78727,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78726","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c724f289-c388-4552-8c7e-b8d93629c272","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/504.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masdar eyes a 2 GW renewables expansion into Malaysia - 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\/masdar-eyes-a-2-gw-renewables-expansion-into-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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