{"id":78793,"date":"2023-08-03T01:00:42","date_gmt":"2023-08-03T01:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78793"},"modified":"2025-12-15T09:20:39","modified_gmt":"2025-12-15T09:20:39","slug":"pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/","title":{"rendered":"PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent"},"content":{"rendered":"<section id=\"78795\" 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=\"78795\">\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\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\r\n                            TODAY: PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent                        <\/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\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\" 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\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/')\">\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\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\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\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/&title=TODAY: PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+PIF-backed+Nesma+%26%23038%3B+Partners+fully+acquires+Dubai-based+energy+firm+Kent+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F03%2Ftoday-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent%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\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78796\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/today-pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/660-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"660.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78795\" class=\"content-area-description single-story post-78795 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-carbon-markets tag-egypt tag-enterpriseclimate tag-green-hydrogen tag-mena tag-morocco tag-qatar tag-renewables tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends. <\/strong>We\u2019re sliding into the weekend on a very quiet note both regionally and internationally as the news cycle slows down.<\/p>\n<p><strong>OUR TOP STORY TODAY-<\/strong> Saudi-based contractor Nesma & Partners is fully acquiring Dubai-based energy services provider Kent. Nesma has implemented industrial and infrastructure projects for both the Saudi government and firms including Saudi Aramco and Neom.<\/p>\n<p><strong>^^ We have more details on this story and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- With no single climate <\/strong><strong>story dominating the international press, everyone is denying they are the climate bad apple.<\/strong> This includes China, which said yesterday that reports that it hindered talks on climate change at G20 meetings in India last week are \u201ccompletely inconsistent with the facts,\u201d <a href=\"https:\/\/www.reuters.com\/business\/environment\/china-denies-reports-it-obstructed-g20-climate-discussions-2023-08-02\/\">Reuters<\/a> reports, citing a statement by the country\u2019s Foreign Ministry. A European delegation said China and top fossil fuel producing nation Saudi Arabia walked away from making commitments at the meetings. China said it \u201cregrets\u201d the lack of consensus at the meetings, arguing that the impasse was caused by \u201cgeopolitical issues\u201d brought up by other countries \u201cfor no reason,\u201d the statement reads.<\/p>\n<p><strong>REMEMBER-<\/strong> The meeting of G20 energy ministers <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/65d9a591-8b2c-40c4-ae42-d5768511e143\">failed to reach consensus last week<\/a> on a fossil fuel phasedown as several major producing nations, led by Saudi Arabia, blocked the move. Talks held in the coastal province of Goa in India were intended to set the tone on energy transition ahead of the G20 meeting next September and the COP28 in December, but the resulting deadlock could be the latest sign of trouble on the use of fossil fuels ahead of a decisive COP28 later this year in the UAE.<\/p>\n<p><strong>ALSO ON THE DEFENSE FRONT- <\/strong>British Prime Minister Rishi Sunak defended his country\u2019s climate record, shrugging off criticism over his fossil fuel plans, <a href=\"https:\/\/www.reuters.com\/world\/uk\/pm-sunak-defends-britains-climate-record-2023-08-02\/\">Reuters<\/a> reported yesterday, citing an interview with LBC Radio. \u201cWe should not take any lectures from anybody about our record. Our record is fantastic. It's better than everyone else\u2019s,\u201d he said. Sunak had recently announced his government would provide <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3341afde-842b-4cf0-bf4e-bd4a675f3945\">100 new oil and gas extraction licenses<\/a> in the North Sea. He argued that even when his country reaches net zero by 2050, a quarter of its energy will come from fossil fuels, which should be sourced at home. \u201cIf I have to get that energy from halfway around the world and ship it here, it will come with three or four times the carbon emissions,\u201d he said.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>WATCH THIS SPACE #1- More solar coming to Morocco soon? <\/strong>Morocco is close to awarding the contract for its 400 MW Noor Midelt II solar plant in the Atlas Mountains, <a href=\"https:\/\/tinyurl.com\/ypz2vthc\">Hespress<\/a> reports. The news comes a few weeks after <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/317c10c5-6a0b-4f38-b4b5-1bc1b3c62958\">six consortiums were pre-qualified<\/a> by the country\u2019s renewable energy agency Masen. Those include Spain\u2019s Cobra Servicios, Comunicaciones y Energia, Iberdrola, France\u2019s EDF Renewables, Italy\u2019s Enel Green Power, Belgium\u2019s International Power, and Saudi Arabia\u2019s Acwa Power.<\/p>\n<p><strong>BACKGROUND- <\/strong>The Noor Midelt II solar plant is part of the Morocco\u2019s second concentrated solar power (CSP) technology complex <a href=\"https:\/\/masdar.ae\/Masdar-Clean-Energy\/Projects\/Noor-Midelt\">Noor Midelt<\/a>, which consists of two solar plants combining thermosolar and PV technology to produce 800 MW of renewable energy with a storage capacity of five hours, according to <a href=\"https:\/\/www.masen.ma\/en\/masen-news\/masen-launches-noor-midelt-ii-solar-farm-tender-process\">Masen<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- GCC wants to list carbon credits regionally: <\/strong>Qatar-based Global Carbon Council (GCC) is in talks with several regional exchange markets to list carbon credits in Egypt, Saudi Arabia, and the UAE, GCC COO Kishor Rajhansa told <a href=\"https:\/\/www.thenationalnews.com\/climate\/road-to-net-zero\/2023\/08\/02\/qatars-carbon-offset-platform-plans-to-list-credits-on-mena-exchanges\/\">The National<\/a>. The council has inked an agreement with the EGX and is currently negotiating with Saudi sovereign wealth fund the Public Investment Fund to list its carbon offsets, Rajhansa told the news outlet.<\/p>\n<p><strong>A new GCC finance facility? <\/strong>The GCC is also exploring the possibility of setting up a carbon finance facility in 2024. The facility \u2014 which will be independently operated by carbon credit buyers \u2014 aims to ensure a fair market price for project owners and allow more margin retention, according to Rajhansa.<\/p>\n<p><strong>ICYMI-<\/strong> We spoke with Rajhansa <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9800a3bf-19af-4e57-9323-b50c605d51a2\">last month<\/a> about the credits GCC offers, projects in the pipeline, expansion plans, partnerships with MENA\u2019s private and public sectors, and what GCC\u2019s involvement in COP28 will look like.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>WATCH THIS SPACE #3- The UAE is pushing forward with its national hydrogen <\/strong><strong>s<\/strong><strong>trategy: <\/strong>The UAE\u2019s Energy and Infrastructure Ministry (MOEI) is partnering with German research organization <a href=\"https:\/\/www.fraunhofer.de\/en.html\">Fraunhofer Society<\/a> and engineering, architecture, and construction solutions firm <a href=\"https:\/\/www.ghd.com\/en\">GHD<\/a> on developing the country\u2019s national hydrogen strategy, according to a <a href=\"https:\/\/www.ghd.com\/en\/about-ghd\/news\/28-07-2023-ghd-and-fraunhofer-join-forces-with-uaes-ministry\">statement<\/a>. Fraunhofer is contributing to the strategy by providing its technical expertise in hydrogen production and its knowledge of the global hydrogen market. Fraunhofer's <a href=\"https:\/\/hypat.de\/hypat-en\/\">Global Hydrogen Potential Atlas<\/a> project, which provides data on the potential for hydrogen production in different countries, was incorporated into the strategy to ensure the UAE\u2019s targets are feasible. After finalizing the roadmap, the UAE will work on developing its low carbon hydrogen policy, the statement notes.<\/p>\n<p><strong>REMEMBER- The UAE\u2019s new energy strategy supports green hydrogen:<\/strong> The UAE government approved its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/323aa611-e4ad-4b79-9356-756cbe0a1e35\">updated National Energy Strategy<\/a> last month, committing to increasing the country\u2019s 2030 renewable capacity goal to 14 GW from 9.2 GW. The new goal represents triple the currently installed renewable energy capacity and will require AED 150-200 bn (around USD 41-55 bn) in funding. As of October 2022,the UAE had <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5345ee93-0434-4642-a343-fe5c4310bdb4\">signed<\/a> USD 10.3 bn worth of agreements for green hydrogen and ammonia, while a 2022 summary report found that the UAE has signed <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c94df3a0-5ef1-4a70-8800-38948f92fa8e\">a total of 10<\/a> preliminary low-carbon hydrogen agreements. The UAE plans to snap up <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c94df3a0-5ef1-4a70-8800-38948f92fa8e\">a quarter<\/a> of the global hydrogen market by 2030.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a><strong>THE DANGER ZONE- Most of the oil on the decaying FSO Safer <\/strong><strong>supertanker has <\/strong><strong>been removed:<\/strong> Over half the oil aboard the rusting 47-year-old supertanker FSO Safer off the coast of Yemen has been transferred to a new vessel, UN Resident Coordinator for Yemen David Gressly <a href=\"https:\/\/twitter.com\/DavidGressly\/status\/1686407395805732864?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\">said<\/a>. Last week, the UN launched a <a href=\"https:\/\/www.undp.org\/press-releases\/united-nations-starts-removal-oil-decaying-tanker-red-sea\">USD 143 mn, 19-day operation<\/a> to transfer 1.14 mn barrels of light crude off of the tanker. The Safer has been at risk of breaking apart or exploding for years, and could cause an environmental catastrophe if it causes a major spill in the Red Sea. A clean up operation for a potential spill from the tanker would cost c. USD 20 bn, according to the <a href=\"https:\/\/www.un.org\/en\/StopRedSeaSpill\">UN<\/a>, racking up <a href=\"https:\/\/www.un.org\/en\/stopredseaspill\/background\">several more USD bns<\/a> in damages on a daily basis due to shipping route disruptions and impacts on surrounding ecosystems and coastal fishing communities.<\/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 regional publication for senior execs who care about the world\u2019s most important industry. <\/strong>Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.<\/p>\n<p><strong>Enterprise Climate is published by 5am CLT \/ 5am Riyadh \/ 6am UAE Monday through Thursday by Enterprise<\/strong>, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.<\/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><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">Subscribe to Enterprise Climate 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\/carbon-markets\/\">carbon markets<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mena\/\">MENA<\/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\/qatar\/\">Qatar<\/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=\"78797\" 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=\"78798\" 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=\"78798\">\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\/08\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\r\n                            PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent                        <\/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\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\" 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\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/')\">\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\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\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-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\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\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/&title=PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent\">\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-backed+Nesma+%26%23038%3B+Partners+fully+acquires+Dubai-based+energy+firm+Kent+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F03%2Fpif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent%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\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/38.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78799\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/38-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/38.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"38.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/38.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/38.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78798\" class=\"content-area-description single-story post-78798 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-carbon-storage tag-enterpriseclimate tag-ma-watch tag-renewables tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Saudi-based contractor <\/strong><strong><a href=\"https:\/\/www.nesmapartners.com\/\">Nesma & Partners<\/a><\/strong><strong> is fully acquiring Dubai-based energy services <\/strong><strong>provider <\/strong><strong><a href=\"https:\/\/kentplc.com\/\">Kent<\/a><\/strong>, with the acquisition set to be complete by the end of 4Q 2023, according to a <a href=\"https:\/\/www.nesmapartners.com\/newpage8cc520d6\">statement<\/a>. No financial details on the transaction have been disclosed.<\/p>\n<p><strong>In the works since last year: <\/strong>The two companies established <a href=\"https:\/\/nesmakent.com\/\">NesmaKent JV<\/a> in 2022 to enhance their operational capacities in carbon capture, blue hydrogen, and blue ammonia technologies to support Saudi Aramco\u2019s engineering, procurement, and construction projects.<\/p>\n<p><strong>About Nesma & Partners: <\/strong>Founded in 1981, Nesma & Partners has implemented industrial and infrastructure projects for both the Saudi government and firms including Saudi Aramco, Neom, and GACA, according to the statement. Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) <a href=\"https:\/\/www.nesmapartners.com\/newpagecaa71e43\">bought a minority stake<\/a> in the company earlier this year.<\/p>\n<p><strong>About Kent: <\/strong>Founded in 1919, Kent is a private engineering and project management company with over 100 years worth of expertise in energy and industrial development. The company offers technical solutions for the conventional energy, renewables, low carbon, chemicals, and processing sectors. Since 2015, Kenthas been backed by <a href=\"https:\/\/www.bluewaterpe.com\/\">Bluewater<\/a>, a private equity firm that provides growth capital and strategic support to companies that enable the energy transition.<\/p>\n<p><strong>Advisors:<\/strong> Badwa Capital is Nesma & Partners\u2019 financial advisor, while Clifford Chance is counsel. Lazard and Investec are acting as Kent\u2019s financial advisors, and White & Case are providing counsel on the acquisition.<\/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-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"78800\" 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=\"78800\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/78800\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78800\" class=\"content-area-description single-story post-78800 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=\"78801\" 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=\"78801\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/\">\r\n                            Fertiglobe reports 82% y-o-y plunge in 2Q 2023 bottom line                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/')\">\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\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/\">\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=Fertiglobe reports 82% y-o-y plunge in 2Q 2023 bottom line&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/\">\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\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/&title=Fertiglobe reports 82% y-o-y plunge in 2Q 2023 bottom line\">\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=Fertiglobe+reports+82%25+y-o-y+plunge+in+2Q+2023+bottom+line+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F03%2Ffertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line%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\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3387.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78802\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/fertiglobe-reports-82-y-o-y-plunge-in-2q-2023-bottom-line\/3387-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3387.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3387.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3387.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3387.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78801\" class=\"content-area-description single-story post-78801 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-fertiglobe tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>A rocky 2Q for Fertiglobe:<\/strong> Fertiglobe \u2014 a UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers \u2014 reported a 82% y-o-y decline in adjusted net income attributable to shareholders in 2Q 2023 to USD 79 mn on the back of lower sales volumes and prices, according to its <a href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=2898463\">earnings release (pdf)<\/a>. Its revenues were down 62.5% y-o-y in the quarter to USD 551.5 mn.<\/p>\n<p><strong>Some factors to blame:<\/strong> The quarterly results came on the back of lower selling prices due to a continued volatility in European gas costs, the company said. Markets also saw increased supply from capacities commissioned last year, which coincided with the end of the demand season in the northern hemisphere.<\/p>\n<p><strong>Weighing on its 1H: <\/strong>Fertiglobe reported a 73% fall in adjusted net income attributable to shareholders in the first half of the year to USD 219 mn. Its revenues plunged 53.1% y-o-y during the first six months of the year to USD 1.2 bn.<\/p>\n<p><strong>Yet, some positives for the coming months:<\/strong> Fertiglobe said it is expected to begin the front end engineering design (FEED) process for its green hydrogen to ammonia projects in the UAE and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\">Egypt<\/a> during the second half of 2023. It is also awaiting the final investment decision <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d72de150-9866-4cb6-9cb5-9153519fd94b\">on the Ta\u2019ziz<\/a>\u2014 a joint venture between Adnoc and ADQ \u2014 project to construct a facility to produce some 1 mn tons per annum of low carbon ammonia in the coming months.<\/p>\n<p><strong>And cost optimization on the right track:<\/strong> Fertiglobe said it was still making progress with its cost optimization initiatives to deliver USD 50 mn in annualized rate savings as of the end of 2024. Some 25% to 30% of the run rate savings are to be realized by the end of the year, with the rest realized over 2024.<\/p>\n<p><strong>Looking ahead:<\/strong> \u201cGoing into H2 2023, we are well-positioned to service demand emerging from key regions, leveraging our centralized distribution capabilities and targeting demand centers that offer the highest netbacks, further supported by the reinstatement of urea and ammonia import duties into Europe,\u201d Fertiglobe CEO Ahmed El Hoshy said.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/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=\"78803\" 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=\"78803\">\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\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/\">\r\n                            Algeria, Zimbabwe discuss mining + renewables and KSA approves agreement with Egypt to work on renewables + green hydrogen                        <\/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\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/\" 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\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/')\">\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\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/\">\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=Algeria, Zimbabwe discuss mining + renewables and KSA approves agreement with Egypt to work on renewables + green hydrogen&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/\">\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\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/&title=Algeria, Zimbabwe discuss mining + renewables and KSA approves agreement with Egypt to work on renewables + green hydrogen\">\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=Algeria%2C+Zimbabwe+discuss+mining+%2B+renewables+and+KSA+approves+agreement+with+Egypt+to+work+on+renewables+%2B+green+hydrogen+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F03%2Falgeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen%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\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2360.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78804\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/algeria-zimbabwe-discuss-mining-renewables-and-ksa-approves-agreement-with-egypt-to-work-on-renewables-green-hydrogen\/2360-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2360.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2360.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2360.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2360.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78803\" class=\"content-area-description single-story post-78803 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-algeria tag-climate-diplomacy tag-enterpriseclimate tag-mining tag-renewables 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-03\"><\/a> <strong>Algeria, Zimbabwe looking to join forces on mining and renewables:<\/strong> Algeria\u2019s Energy and Mining Minister Mohamed Arkab and Zimbabwe President Emmerson Mnangagwa discussed increasing cooperation and joint investments in renewable energy, mining, and grid infrastructure, according to cabinet statements (<a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid02w7Zmaq7p1zEebhHmaxashoSgGcUwAT44YBmjs9NoHkbjD9NECoZM9QNkaa9MKGNvl\">here<\/a> and <a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid02XbXnMWUigLKeNaVFy2KCV6ivgYHqH7zxkopkVwz9sAmuejxSuM31wt6X3RY7GBXYl?__cft__[0]=AZXYKWVhpsVmoIAjIC6wdBrM9Lg8Vu-Y9MgC08k4VMFxawUV9LiNW7KSHo2WecXKyGkm-8RNprgHEePJMiQDQwMSqbjUK4_QHCHThqghHaM9_yPbipg5-B2xpRbYHPIbM446aq7CLnwWgAzsVkgOU8KbGaP6q9li_Ec_8UAqkJJ8nB5n4Bjxgaxy_s_-eWk-adA&__tn__=%2CO%2CP-R\">here<\/a>). The Algerian government has <a href=\"https:\/\/www.statista.com\/topics\/10656\/renewable-energy-in-algeria\/#:~:text=The%20Algerian%20government%20has%20set,wind%20energy%20at%205%2C000%20megawatts.\">set out a target<\/a> to reach a 22 GW clean energy capacity by 2030, with solar energy accounting for 14 GW of the volume and wind power generating 5 GW. Zimbabwe has a <a href=\"https:\/\/www.zera.co.zw\/renewable-alternative-energy\/#:~:text=The%20Policy%20aims%20to%20achieve,whichever%20is%20higher%20by%202030.\">target to generate<\/a> either 1.1 GW or 16.5% of its total electricity supply by 2025, and 2.1 GW or 26.5% of total electricity supply by 2030.<\/p>\n<hr class=\"grey-line\">\n<p><strong>KSA, Egypt will partner on renewables and green hydrogen:<\/strong> Saudi Arabia\u2019s cabinet approved an MoU between the country\u2019s Energy Ministry and the Egyptian government on increasing cooperation in renewable energy and clean hydrogen, the <a href=\"https:\/\/www.spa.gov.sa\/en\/706182f191c\">Saudi Press Agency<\/a> reports.<\/p>\n<p><strong>KSA developers are already deep in the Egyptian clean energy sector:<\/strong> Saudi private sector companies from both countries <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-saudi-arabia-sign-14-deals-worth-77-bln-saudi-minister-2022-06-21\/\">signed 14 agreements<\/a> totaling USD 7.7 bn to invest in various sectors including renewable energy in June 2022, with KSA\u2019s Ajlan & Bros inking half of the pacts. Signatories included Egypt\u2019s Hassan Allam Holding, which among other renewables assets, is developing a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf57ac8a-aeb7-487d-a8b9-547c6c2a9cf3\">10 GW wind farm<\/a> in Sohag, Egypt. Saudi Arabian renewables giant Acwa Power also inked a pact with the Egyptian Electricity Holding Company to build a 1.1 GW wind energy project in Egypt at an investment ticket of USD 1.5 bn.<\/p>\n<p><strong>And Acwa Power has a lot of investments in Egypt:<\/strong> Acwa Power is also building <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/679f5be5-4fb2-44cc-88e7-cdbecf3f345f\">a 10 GW<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/679f5be5-4fb2-44cc-88e7-cdbecf3f345f\">wind farm<\/a> in Egypt\u2019s Sohag governorate, for which it signed a land allocation agreement last month. Acwa also owns the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/320d303f-9f12-4b87-b16f-4cbe5615b532\">200 MW Kom Ombo<\/a> solar power plant, which last April got USD 114 mn in backing from a consortium of international lenders led by the European Bank for Reconstruction and Development. The company has minority stakes in three plants in Egypt\u2019s <a href=\"https:\/\/www.eib.org\/attachments\/registers\/65771943.pdf\">1.8 GW Benban<\/a> solar complex and an upcoming project with the Egyptian Electricity Transmission Company to convert an electricity plant in Luxor to renewable energy, and has reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e896f40-de35-4eb5-a5af-794da2447234\">expressed interest<\/a> in Egypt\u2019s investment in desalination infrastructure.<\/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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/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=\"78805\" 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=\"78805\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/\">\r\n                            Iran is drafting a national hydrogen strategy as it seeks to replace fossil fuels                        <\/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\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/\" 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\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/')\">\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\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/\">\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=Iran is drafting a national hydrogen strategy as it seeks to replace fossil fuels&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/\">\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\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/&title=Iran is drafting a national hydrogen strategy as it seeks to replace fossil fuels\">\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=Iran+is+drafting+a+national+hydrogen+strategy+as+it+seeks+to+replace+fossil+fuels+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F03%2Firan-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels%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\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78806\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/iran-is-drafting-a-national-hydrogen-strategy-as-it-seeks-to-replace-fossil-fuels\/1904-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1904.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78805\" class=\"content-area-description single-story post-78805 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-green-hydrogen tag-iran 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-04\"><\/a><strong> Iran is drafting a national strategy to increase its use of hydrogen energy<\/strong>, <a href=\"https:\/\/en.irna.ir\/news\/85183603\/Iran-drafting-national-document-to-boost-hydrogen-energy-use\">IRNA<\/a> reported earlier this week, citing statements by the country\u2019s Deputy Energy Minister Mahmoud Kamani. The minister said that Iran\u2019s Renewable Energy and Energy Efficiency Organization is currently drafting the document, which will then be sent to the ministry for approval. Kamani added that hydrogen has the potential to replace fossil fuels and will make up for the limitations of solar systems, which are unable to generate electricity at night. There was no timeline disclosed on when the hydrogen strategy will be ready for review.<\/p>\n<p><strong>On a renewables mission: <\/strong>Iran\u2019s <a href=\"https:\/\/solarquarter.com\/2023\/04\/17\/iran-sees-significant-growth-in-renewable-energy-generation-in-march\/\">renewables sector<\/a> relies mostly on solar, hydroelectric, and wind power plants to generate the lion\u2019s share of its output. Renewables <a href=\"https:\/\/www.tehrantimes.com\/news\/483751\/Capacity-of-Iran-s-renewable-power-plants-rises-0-9-in-a-month\">account for nearly 7%<\/a> of the country\u2019s total energy generation, the vast majority of which comes from hydrocarbons. Last year, Iran said it plans to add 10 GW of renewable capacity by August 2025. It also signed MoUs with the private sector last year to set up new renewable power plants across the country.<\/p>\n<hr class=\"grey-line\">\n<p><strong>A partnership between Chariot, UM6P, and Oort:<\/strong> Chariot Green Hydrogen Limited \u2014 a subsidiary of <a href=\"https:\/\/chariotenergygroup.com\/\">Chariot Limited Group<\/a> \u2014 has signed a partnership agreement with <a href=\"https:\/\/um6p.ma\/\">Mohammed VI Polytechnic University<\/a> (UM6P) and <a href=\"https:\/\/oortenergy.com\/\">Oort Energy Limited<\/a> to test the production of green hydrogen in Morocco, according to the a <a href=\"https:\/\/ent.news\/2023\/8\/2943.pdf\">press release<\/a><a href=\"https:\/\/ent.news\/2023\/8\/2943.pdf\">(pdf)<\/a>. The partnership will focus on constructing, commissioning and operating an electrolyzer pilot project to deploy a 1 MW polymer electrolyte membrane system. The agreements are set to develop skills and training within the sector, as well as evaluate the feasibility of implementing large scale green hydrogen and ammonia production.<\/p>\n<p><strong>This has been in the works for a while: <\/strong>The three parties announced the pilot project last November, according to a separate <a href=\"https:\/\/ent.news\/2023\/8\/2806.pdf\">press release (pdf)<\/a>, which would use the Oort-patented PEM system to split water into hydrogen and oxygen using renewable energy.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UM6P and EDF renewables work together: <\/strong>Mohammed VI Polytechnic University has signed a MoU with EDF Renewables Morocco to collaborate on developing education and R&D in the mining and chemical industries. (<a href=\"https:\/\/www.moroccoworldnews.com\/2023\/08\/356812\/um6p-expand-partnership-with-edf-renewables-for-education-r-amp-d\">Morocco World News<\/a>)<\/li>\n<li><strong>Jordan rolls out public sector EVs:<\/strong> The Jordan Post Office has rolled out a fleet of electric vehicles in a bid to minimize its carbon emissions with support from a Universal Postal Union grant. (<a href=\"https:\/\/www.almamlakatv.com\/news\/122198-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%8A%D8%AF-%D8%A7%D9%84%D8%A3%D8%B1%D8%AF%D9%86%D9%8A-%D8%AA%D8%B9%D8%B2%D8%B2-%D8%A3%D8%B3%D8%B7%D9%88%D9%84-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A8%D9%85%D8%B1%D9%83%D8%A8%D8%A7%D8%AA-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A%D8%A9\">Al Mamlakah<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iran\/\">Iran<\/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=\"78807\" 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=\"78807\">\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\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/\">\r\n                            Political instability in Niger could threaten global uranium supplies                        <\/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\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/\" 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\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/')\">\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\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/\">\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=Political instability in Niger could threaten global uranium supplies&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/\">\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\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/&title=Political instability in Niger could threaten global uranium supplies\">\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=Political+instability+in+Niger+could+threaten+global+uranium+supplies+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F03%2Fpolitical-instability-in-niger-could-threaten-global-uranium-supplies%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\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1598.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78808\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/03\/political-instability-in-niger-could-threaten-global-uranium-supplies\/1598-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1598.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1598.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1598.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1598.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78807\" class=\"content-area-description single-story post-78807 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-niger tag-nuclear-energy tag-uranium wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Political instability in Niger could threaten global uranium supplies: <\/strong>The coup in Niger and its implications for the country\u2019s role as a major uranium producer are causing international concern as more countries turn to nuclear power as a source of clean energy, <a href=\"https:\/\/www.thenationalnews.com\/world\/africa\/2023\/08\/01\/nigers-vast-uranium-mines-in-the-spotlight-as-fears-grow-for-countrys-stability\/\">The National<\/a> writes. Niger \u2014 which supplies around 5% of the world\u2019s uranium \u2014 is a major exporter to EU markets, which receives 15% of Niger\u2019s supply. France sources 25% of its demand for uranium from Niger. The country\u2019s recent military coup is raising concerns over the security of the country\u2019s uranium mines.<\/p>\n<p><strong>Huge power capacity: <\/strong>Nuclear power supplies 25% of the world's clean electricity, with output totalling 2.5k TWh in 2022, according to The World Nuclear Association's World Nuclear Performance <a href=\"https:\/\/www.world-nuclear.org\/our-association\/publications\/global-trends-reports\/world-nuclear-performance-report\/world-nuclear-performance-report-introduction.aspx\">report<\/a>. The global uranium market was valued at around USD 2.6 bn in 2021-2022 and is expected to expand at a CAGR of 3.6% to reach in excess of USD 3.2 bn by 2030, according to a <a href=\"https:\/\/www.marketwatch.com\/press-release\/global-uranium-market-2023-2030-exciting-times-ahead-for-industry-expected-to-reach-usd-327284-million-2023-05-16#:~:text=The%20global%20Uranium%20market%20size%20was%20valued%20at%20USD%202646.85,USD%203272.84%20million%20by%202030.\">Market Watch<\/a> forecast.<\/p>\n<p><strong>We\u2019ve seen a global push for nuclear recently: <\/strong>The Chinese State Council <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e85fec32-808a-47f1-8a3a-0464aa9bcaf9\">approved<\/a> six new nuclear reactors worth USD 17 bn this week, and Japan <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41042d39-fe9b-4aaf-b6f2-505c77349244\">reactivated<\/a> its oldest nuclear reactor \u2014 the 48-year-old Takahama 1 plant \u2014 after a 12-year hiatus. Closer to home, the UAE and South Korea held high-level talks this week to strengthen cooperation in the nuclear sector, and the Gulf Cooperation Council (GCC) and Russia said they are <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7d7fcfe1-0820-4548-99f1-1e0dad4cb6a3\">adopting<\/a> a joint action plan for 2023 to 2028 that will see them set up frameworks for partnership in nuclear power earlier this month.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>China commits to mega overseas green investments:<\/strong> The country allocated 56% of its 1H 2023, some USD 8.6 bn, to solar, wind, or hydropower projects. China has also upped its engagement in the metals and mining sectors by 131% from the same period last year on the back of investments in lithium and copper mining and processing. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/chinas-belt-road-energy-projects-set-greenest-year-research-2023-08-02\/\">Reuters<\/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\/niger\/\">Niger<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uranium\/\">uranium<\/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=\"78809\" 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\/03\/78809\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78809\" class=\"content-area-description single-story post-78809 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":78794,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78793","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"42f3d11c-0c1f-42d8-98ca-6c940f543fd5","teaser":"","photo_url":"https:\/\/ent.news\/2021\/1\/275.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>PIF-backed Nesma &amp; Partners fully acquires Dubai-based energy firm Kent - 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\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF-backed Nesma &amp; Partners fully acquires Dubai-based energy firm Kent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T09:20:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\",\"name\":\"PIF-backed Nesma & Partners fully acquires Dubai-based energy firm Kent - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-08-03T01:00:42+00:00\",\"dateModified\":\"2025-12-15T09:20:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIF-backed Nesma & Partners fully acquires Dubai-based energy firm Kent - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/","og_locale":"en_US","og_type":"article","og_title":"PIF-backed Nesma & Partners fully acquires Dubai-based energy firm Kent","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/","og_site_name":"Climate","article_modified_time":"2025-12-15T09:20:39+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/","name":"PIF-backed Nesma & Partners fully acquires Dubai-based energy firm Kent - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1","datePublished":"2023-08-03T01:00:42+00:00","dateModified":"2025-12-15T09:20:39+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/pif-backed-nesma-partners-fully-acquires-dubai-based-energy-firm-kent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"PIF-backed Nesma &#038; Partners fully acquires Dubai-based energy firm Kent"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78793\/revisions"}],"predecessor-version":[{"id":78818,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78793\/revisions\/78818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/78794"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=78793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=78793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=78793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}