{"id":80547,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=80547"},"modified":"2025-12-15T09:51:46","modified_gmt":"2025-12-15T09:51:46","slug":"saudi-power-procurement-company-issues-rfqs-for-3-7-gw-solar-projects","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-power-procurement-company-issues-rfqs-for-3-7-gw-solar-projects\/","title":{"rendered":"Saudi Power Procurement Company issues RFQs for 3.7 GW solar projects"},"content":{"rendered":"<section id=\"80549\" 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=\"80549\">\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\/11\/13\/today-saudi-arabia-is-lining-up-another-3-7-gw-solar-projects-masdar-kicks-off-its-145-mw-indonesian-floating-solar-plant\/\">\r\n                            TODAY: Saudi Arabia is lining up another 3.7 GW solar projects + Masdar kicks off its 145 MW Indonesian floating solar plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/today-saudi-arabia-is-lining-up-another-3-7-gw-solar-projects-masdar-kicks-off-its-145-mw-indonesian-floating-solar-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Shall we?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORIES- <\/strong>Saudi Arabia\u2019s state-owned Saudi Power Procurement Company issued requests for qualifications for four planned solar energy projects with a combined 3.7 GW production capacity as part of the fifth round of projects under KSA\u2019s National Renewable Energy Program and The Abu Dhabi National Energy Company (Taqa) has inked an agreement with the Romanian Power Grid Company Transelectrica, Meridiam, E-INFRA, and Fluor to carry out a feasibility study for a HVDC infrastructure project in Romania.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the details on these stories and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- \u2018Once in a century\u2019 flooding batters <\/strong><strong>Somalia: <\/strong>The combined <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/680f2e7e-93a5-401f-8562-ffdd0456b34b\" style=\"\" rel=\"noopener\">impact of the El Ni\u00f1o<\/a> and the Indian Ocean Dipole climate phenomenons have led to severe seasonal flooding in Somalia, killing at least 31 people as of yesterday and displacing some 500k people in the country. The United Nations says the \u2018once in a century\u2019 downpours could potentially uproot as much as 1.6 mn people and has disbursed USD 25 mn in aid to alleviate the crisis, which it says could destroy as much as 1.5 mn hectares of farming land. The flooding has already disrupted the lives of some 1.2 mn people in the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAT TIP- \"The UAE is leading COP by example,\" Irena director-general says: <\/strong>The UAE is leading the way in the energy transition by eliminating oil subsidies and meeting its domestic target of tripling renewable energy, director-general of the International Renewable Energy Agency (Irena) Francesco La Camera said in an interview with <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/cop\/uaes-investment-approach-to-renewables-is-a-model-to-adopt-globally-irena-chief\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> on Friday. The UAE\u2019s efforts will set the stage for achieving COP28's objective of tripling renewable energy by 2030, the news outlet said. La Camera said that the renewables investment approach adopted by the UAE \u2014 which has invested in over 70 countries \u2014 should be mirrored globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>17% of Dubai\u2019s electricity generated in 3Q came from renewables: <\/strong>Dubai\u2019s total installed power capacity reached 15.1 GW in 3Q 2023, of which 17.2% (or 2.6 GW) came from renewable energy sources, Dewa said in its 3Q earnings statement, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/November\/10-11\/DEWA-announces-record-operating-and-financial-results-for-the-3rd-Quarter-of-2023\" style=\"\" rel=\"noopener\">Government of Dubai Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER <\/strong><strong>IN COPLAND- EU intends to pressure UAE to pay up for loss and damage: <\/strong>The EU is planning to push the UAE to contribute financially to the loss and damage fund, which adds the COP28 host to a group of heavy emitters \u2014 including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2c3501bf-7638-42d0-b1a7-abab38c7bab1\" style=\"\" rel=\"noopener\">China and Saudi Arabia<\/a> \u2014 that are receiving pressure from developed countries to pay up for their emissions, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-10\/cop28-eu-host-uae-to-pay-up-for-climate-loss-and-damage?utm_source=pocket_saves#xj4y7vzkg\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday. Western countries have been <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/05\/loss-and-damage-committee-agrees-on-final-text-of-recommendations-to-take-into-cop28-103108\/\" style=\"\" rel=\"noopener\">reluctant to agree<\/a> to a loss and damage text that requires only developed countries put money into the fund, calling for the fund to receive capital from a broad range of sources instead. China and Saudi Arabia have rejected the push, arguing that the countries responsible for the bulk of historical emissions should be the ones to shoulder the responsibility for loss and damage, the news outlet said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Can the climate fight bring the US and China together?<\/strong> The US and China said they have reached \u201cunderstandings and agreements\u201d on points of contention with regards to the climate fight, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-china-reach-understandings-climate-ahead-cop28-talks-kerry-2023-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing comments made by US Climate Envoy John Kerry. Kerry\u2019s comments came after four days of meetings with China\u2019s Climate Envoy Xie Zhenhua to ensure progress is made at COP28. Details of the agreements between the two will be disclosed soon, Kerry added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- COP28\u2019s net-zero charter gets its first bank signatory:<\/strong> The UAE\u2019s First Abu Dhabi Bank (FAB) has become the first bank globally to join the COP28 Net-Zero Transition Charter <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/05\/loss-and-damage-committee-agrees-on-final-text-of-recommendations-to-take-into-cop28-103108\/\" style=\"\" rel=\"noopener\">launched last week<\/a>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/apkke4x-fab-becomes-first-bank-globally-join-cop28\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Friday. By joining the charter, the bank has agreed to set 1.5\u00b0C aligned net-zero 2050 and interim emission reduction targets, committing to an officially recognized (national or international) net zero pledge, establishing a net zero transition plan within one year of COP28, and publicly reporting annual emissions and progress. The charter aims to mobilize the private sector to commit to a 2050 transition plan, which is already defined in the bank's sustainability strategy. The bank also aims to allocate USD 75 bn for sustainable financing by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER COP28 UPDATES<\/strong><strong> WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>The COP28 Presidency is planning to launch the Declaration on Climate, Relief, <\/strong><strong>Recovery and Peace on 3 December. <\/strong>WFP\u2019s Executive Director Cindy McCain and COP28 president designate Sultan Al Jaber called for urgent action to increase climate action in fragile and conflict-affected areas where \u201cextreme weather events affect three times as many people annually compared to other countries.\u201d (<a target=\"_blank\" href=\"https:\/\/www.wfp.org\/news\/wfp-chief-and-cop28-president-call-urgent-climate-action-reduce-rising-humanitarian-needs\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>The COP28 Presidency launched a coalition to strengthen the global climate tech <\/strong><strong>ecosystem.<\/strong> The Innovate for Climate Tech coalition \u2014 established in partnership with Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/masdarcity.ae\/\" style=\"\" rel=\"noopener\">Masdar City<\/a>, Chinese internet giant <a target=\"_blank\" href=\"https:\/\/www.tencent.com\/en-us\/index.html\" style=\"\" rel=\"noopener\">Tencent<\/a>, and Masdar City-BP greentech JV <a target=\"_blank\" href=\"https:\/\/catalyst.ae\/\" style=\"\" rel=\"noopener\">Catalyst<\/a> \u2014 will support initiatives working on climate technologies to further accelerate their rollout. Other coalition activities will include setting up a knowledge database, introducing members to global climate tech programs, and launching a digital climate tech platform that will connect startups, venture capitalists, corporations and governments together. (<a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/news\/2023\/11\/COP28-Presidency-facilitates-the-founding-of-Innovate-for-Climate-Tech-coalition\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>EU agrees to new rules to restore and preserve degraded habitats: <\/strong>The EU Parliament and Council have agreed to put in place measures to restore at least 20% of the EU\u2019s land and sea areas by 2030, at least 60% of habitats in poor condition by 2040 and 90% by 2050. This \u201csends an important positive signal to our global partners ahead of COP28,\u201d the commissioner overseeing the bloc's Green Deal plans Maros Sefcovic told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/climate\/cop28\/2023\/11\/10\/eu-cop28-nature\/\" style=\"\" rel=\"noopener\">the National<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2023\/11\/09\/nature-restoration-council-and-parliament-reach-agreement-on-new-rules-to-restore-and-preserve-degraded-habitats-in-the-eu\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE #1- The UN enters a new round of talks to end plastic pollution: <\/strong>Heads of state are gathering in Nairobi today for a weeklong summit ending next Sunday in a bid to reach a globally binding treaty aimed at tackling plastic pollution, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/un-talks-global-plastic-treaty-delegates-face-off-over-production-limits-2023-11-12\/#:~:text=Nov%2012%20(Reuters)%20-%20As,on%20the%20management%20of%20waste.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. UN delegates will work on a \u201czero draft\u201d document to determine whether to limit single-use plastic production or contain pollution through waste management efforts, exploring pathways to finalize a global pact on plastic waste by the end of 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s lobbying for what:<\/strong> Countries including Japan, Canada and Kenya are lobbying for a treaty with \u201cbinding provisions\u201d on the phaseout of virgin plastic polymers derived from petrochemicals, and other toxic plastics including polyvinyl chloride materials (PVCs). On the other side of the aisle, major oil producing countries like Saudi Arabia are calling for the reuse and recycling of plastics rather than outright production ban, saying the root of the plastic pollution crisis is \u201cinefficient management of waste.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>The global output of plastic production currently totals some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/39a0c79c-a169-4b46-ae4f-d13378d794a9\" style=\"\" rel=\"noopener\">400 mn tons<\/a> annually, with 10% of the volume being recycled, exacerbating <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ddb14d51-250c-4ef3-80eb-2b3260bba257\" style=\"\" rel=\"noopener\">oceanic plastic pollution<\/a> and overwhelming landfill capacity. Heads of state had gathered in Paris <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fa6f653f-366b-49f7-a6a3-0c43fc29f711\" style=\"\" rel=\"noopener\">back in May<\/a> to hammer out a global treaty that would bring an end to plastic pollution. That same month, the United Nations Environment Programme <a target=\"_blank\" href=\"https:\/\/www.unep.org\/plastic-pollution\" style=\"\" rel=\"noopener\">laid out a strategy<\/a> aimed at reducing the world\u2019s plastic waste levels by nearly 80% in less than two decades using pre-existing technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE #2- Japan and South Korea eye hydrogen supply chain investments <\/strong><strong>in MENA:<\/strong> Japan and South Korea are reportedly planning to launch a cooperation program to establish a clean hydrogen supply chain beyond their domestic markets with both MENA and US as potential targets for investments, <a target=\"_blank\" href=\"https:\/\/asia.nikkei.com\/Spotlight\/Supply-Chain\/Japan-South-Korea-to-build-supply-chain-for-hydrogen-and-ammonia\" style=\"\" rel=\"noopener\">Nikkei<\/a> reported on Friday, citing people with knowledge of the matter. Both countries will leverage government-sponsored financial institutions\u2019 fundraising capacity to develop a sea-based hydrogen corridor by 2030 to source local demands for green fuels, with the Japan Bank for International Cooperation serving as the main capital facilitator for Japan, Nikkei writes. Japan and Korea <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/89d5527e-1e43-44d9-a105-0239524833e8\" style=\"\" rel=\"noopener\">plan to award subsidies<\/a> to kickstart the clean fuels market at the end of 2024 and will begin awarding contracts by 2025, with deals expected to begin in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Korea already has MENA\u2019s green fuels in play: <\/strong>South Korea\u2019s GS Energy Corporation and Japan\u2019s Mitsui & Co <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7ee2a39-7450-4ac3-be27-eea643fe8ecf\" style=\"\" rel=\"noopener\">signed a shareholder agreement<\/a> with Ta\u2019ziz \u2014 a joint venture between Adnoc and ADQ \u2014 to develop low-carbon ammonia factory in the UAE with an annual capacity of around 1 mn tons back in January. South Korea\u2019s President Yoon Suk Yeol and KSA Crown Prince Mohammed bin Salman activated their joint <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cebda018-a939-484e-aa88-4254cee8e108\" style=\"\" rel=\"noopener\">\u201cHydrogen Oasis\u201d cooperation<\/a> initiative last month after Saudi Arabia\u2019s Public Investment Fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/21ce193c-0194-41cf-b695-c6667585bcb6\" style=\"\" rel=\"noopener\">signed a USD 6.5 bn agreement<\/a> in November with Korea Electric Power Corp (Kepco) and four other South Korean firms to build a hydrogen and ammonia production plant in KSA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE #3- Occidental says its DAC tech could bring online 1k carbon <\/strong><strong>capture projects:<\/strong> US-based gas and oil supplier Occidental Petroleum intends to sell direct air capture (DAC) technology licenses to allow clients to build plants with tech that can absorb carbon out of the air, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/occidental-ceo-sees-potential-license-1000-carbon-capture-plants-2023-11-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing comments made by CEO Vicki Hollub. The company plans on charging a licensing fee under a franchising structure that would hand over construction and management to partners, Hollub said. The company estimates it will shell out around USD 600 mn annually through 2026 to build up to 100 facilities in the long term. Last week, BlackRock said it <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/09\/blackrock-sinks-usd-550-mn-in-occidentals-dac-plant-103156\/\" style=\"\" rel=\"noopener\">would invest USD 550 mn<\/a> in developing Occidental's DAC Stratos plant in Texas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Occidental has its eyes on MENA: <\/strong>The company\u2019s Omani subsidiary Oxy Oman <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/09\/tunisia-and-the-world-bank-discuss-reducing-climate-impact-tunisia-implements-coastal-zone-management-protocol-oman-gets-a-new-ccus-projects-103155\/\" style=\"\" rel=\"noopener\">signed an agreement<\/a> last week with state-owned OQ Gas Networks to conduct studies for establishing carbon capture, usage, and storage (CCUS) projects in the sultanate. Back in August, the company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6ee7b70-9072-4ae6-816b-4cb7c900de28\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Adnoc in August to assess the feasibility of establishing what they said could be the first megaton DAC project outside of the US with a 1 mn ton annual carbon sequestration capacity.<\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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 target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong><a target=\"_blank\" href=\"http:\/\/www.enterprise.news\" style=\"\" rel=\"noopener\">tap or click here<\/a> to read all our editions: EnterpriseAM, EnterprisePM, Enterprise Climate, Enterprise Logistics, and The Weekend Edition on our powerful new website packed with reader-friendly features. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Were you forwarded this email? <strong>Get your own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/subscribe\/\" style=\"\" rel=\"noopener\">subscription without charge here<\/a><\/strong> or reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/May\/07-05\/DEWA-MENA-Solar-Conference\" style=\"\" rel=\"noopener\">MENA Solar<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/May\/07-05\/DEWA-MENA-Solar-Conference\" style=\"\" rel=\"noopener\">Conference<\/a><\/strong><strong> from Wednesday, 15 November to Saturday, 18 November <\/strong>in Dubai.The event will focus on all things photovoltaic, with a full programme on PV materials and devices, future technologies, PV reliability, and forecasting for performance assessment. The conference will also touch on how developments in system operations, concentrated solar power, and grid integration are necessary for the green transition. This will be the first scientific and technical conference specializing in solar energy systems in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.icao.int\/Meetings\/CAAF3\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Aviation and Alternative Fuels conference<\/a><\/strong><strong> from Monday, 20 <\/strong><strong>November to Friday, 24 November<\/strong> in Dubai. The event will bring together senior government officials and international organizations to assess progress in the development and deployment of sustainable aviation fuels (SAFs) and lower-carbon aviation fuel (LCAF) measured according to the targets outlined in the 2050 Vision for SAF, agreed upon at the last Aviation and Alternative Fuels conference in 2017. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/ADGlobalMarket\/status\/1672228350046224384\" style=\"\" rel=\"noopener\">Abu Dhabi Finance Week (ADFW)<\/a><\/strong><strong> from Monday, 27 <\/strong><strong>November to Thursday, 30 November<\/strong> in Abu Dhabi. The event will gather government officials, banks, financial institutions, and VCs to delve into today\u2019s economic, technological, and sustainability conversations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dac\/\">DAC<\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"80551\" 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 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href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/saudi-power-procurement-company-issues-rfqs-for-3-7-gw-solar-projects\/\">\r\n                            Saudi Power Procurement Company issues RFQs for 3.7 GW solar projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/saudi-power-procurement-company-issues-rfqs-for-3-7-gw-solar-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80553\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/saudi-power-procurement-company-issues-rfqs-for-3-7-gw-solar-projects\/597-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/597.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"597.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/597.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/597.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80552\" class=\"content-area-description single-story post-80552 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-renewables tag-saudi-arabia tag-solar tag-solar-energy tag-sppc wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.ca355b36-38f1-4db1-8141-3d31554101cc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>KSA\u2019s SPPC issues RFQs for 3.7 GW solar projects:<\/strong> State-owned Saudi Power Procurement Company (SPPC) issued requests for qualifications (RFQs) for four planned solar energy projects with a combined 3.7 GW production capacity as part of the fifth round of projects under KSA\u2019s National Renewable Energy Program (NREP), <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N1996227\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details: <\/strong>The solar farms include the 2 GW Al Sadawi IPP, the 1 GW Al Masa\u2019a IPP, the 400 MW Al Henakiyah 2 IPP in Al Madinah, and the 300 MW Al Rabigh 2 IPP in Makkah, SPA notes.<strong> <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPPC just inked PPAs for the 1.5 GW fourth round of NREP: <\/strong>Last week, SPPC signed two 25-year power purchase agreements (PPAs) for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8f0807ba-01ab-4a32-94f8-c0c08fbeacaa\" style=\"\" rel=\"noopener\">fourth round of solar projects<\/a> under the country\u2019s NREP, which included <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/07\/saudi-power-procurement-company-inks-two-ppas-for-two-solar-farms-103131\/\" style=\"\" rel=\"noopener\">the 1.5 GW Al Henakiyah and Tabarjal<\/a> PV plants that are expected to lure in over SAR 4 bn (c. USD 1.06 bn) in investments. Al Henakiyah is being developed in KSA\u2019s Al Madinah by the UAE\u2019s Masdar, France\u2019s EDF Renewables, and Saudi Arabia\u2019s Nesma Co., and the Tabarjal solar farm is being implemented by China\u2019s Jinko Power, Sun Glare, and Sunlight Energy Holding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPPC has been busy:<\/strong> The company has awarded over 12.6 GW of renewable energy capacity to date as part of KSA\u2019s target of sourcing 50% of its power mix from renewables by 2030, before becoming fully carbon neutral by 2060, SPA notes. Back in December, a JV between Acwa Power and Badeel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a55483f3-95f6-4f31-bc1a-df5e9f40762b\" style=\"\" rel=\"noopener\">signed a 35-year PPA<\/a> with SPPC for the 2 GW Al Shuaibah 2 solar plant and earlier in 2022, SPPC announced it would offtake power from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b3b6e343-2c7c-43db-ba9b-6afda7e5f573\" style=\"\" rel=\"noopener\">three planned wind farms<\/a> that will have a combined 1.8 GW power capacity.<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sppc\/\">SPPC<\/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=\"80554\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section 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data-image-title=\"2822.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2822.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2822.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80554\" class=\"content-area-description single-story post-80554 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-enterpriseclimate tag-renewables tag-romania tag-taqa tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.3d20e124-d500-445f-a044-dd5f088f1cd0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Taqa explores Romanian low-carbon electricity transmission project:<\/strong> The Abu Dhabi National Energy Company (Taqa) has signed an MoU with the Romanian Power Grid Company Transelectrica, <a target=\"_blank\" href=\"https:\/\/www.meridiam.com\/\" style=\"\" rel=\"noopener\">Meridiam<\/a>, <a target=\"_blank\" href=\"https:\/\/e-infra.ro\/\" style=\"\" rel=\"noopener\">E-INFRA<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.fluor.com\/\" style=\"\" rel=\"noopener\">Fluor<\/a> to carry out a feasibility study for a HVDC infrastructure project in Romania, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/apkkeor-taqa-signs-mou-explore-feasibility-low-carbon\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Friday. The proposed transmission project will boast an 850 km underground HVDC infrastructure with the ability to transfer 5 GW of power to Romania and the EU. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the region's first HVDC venture: <\/strong>Taqa invested GBP 25 mn in UK-based renewables developer Xlinks in April for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93dd0ba0-81cd-481c-b792-00590a24b3bf\" style=\"\" rel=\"noopener\">3.8k km HVDC subsea interconnector<\/a> to transport 3.6 GW of renewable energy from Morocco to the UK. Saudi Arabia\u2019s Arabian Electrical Transmission Line Contracting (AETCON) also won a USD 155 mn contract to construct a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/57260958-5da0-4324-803b-193f94c3f207\" style=\"\" rel=\"noopener\">high-voltage direct current (HVDC) transmission line<\/a> connecting Saudi Arabia\u2019s net zero city Neom to other areas in the country. Taqa and Adnoc also reached a financial close on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/01a05f9a-2ffa-49f4-bde1-77beefe49745\" style=\"\" rel=\"noopener\">USD 3.8 HVDC subsea transmission network<\/a> last year.<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/romania\/\">Romania<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/taqa\/\">TAQA<\/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=\"80556\" 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=\"80556\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia\/\">\r\n                            Masdar inaugurates 145 MW floating solar plant in Indonesia                        <\/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\/11\/13\/masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The plant \u2014 the largest of its kind in Southeast Asia and the third largest globally \u2014 will power 50k homes and displace 214k tons of CO2 emissions, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The plant was developed by both Masdar and PLN at an investment cost of IDR 1.7 tn (USD 108.7 mn), <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/indonesia-president-inaugurates-108-million-floating-solar-plant-2023-11-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. Masdar first <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/renewables\/our-projects\/cirata-floating-photovoltaic-fpv-plant\" style=\"\" rel=\"noopener\">signed the power purchase agreement<\/a> with PLN back in 2020, marking the company\u2019s first entrance into the FPV market. The plant occupies 4% of the surface of the Cirata reservoir, which is 108 kms southeast of Indonesia\u2019s capital Jakarta.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come:<\/strong> Masdar <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/09\/27\/masdar-to-develop-a-500-mw-floating-solar-park-in-indonesia-102737\/\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with PLN in September to expand the Cirata plant with an additional 500 MW capacity of floating solar. The new agreement came after Indonesia issued regulations allocating up to 20% of water coverage for renewable energy operations, the company noted at the time. Masdar did not reveal the expected investment ticket for the upcoming phase yet, but the first stage is estimated to have a USD 145 mn price tag.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why floating solar is a good move: <\/strong>Installing offshore solar panels would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/598ff3aa-23ae-4b39-aecd-32eb6ab2f83e\" style=\"\" rel=\"noopener\">resolve the many challenges<\/a> faced in regions worldwide in terms of available land and adequate space that doesn\u2019t require deforestation. Adding solar systems on existing reservoirs could allow more than 6k cities around the world to develop self-sufficient power systems, a paper published in Nature journal earlier this year found. The water\u2019s cooling effect on the floating panels can also make them more efficient, while reducing evaporation \u2014 and thus loss of fresh water supply \u2014 from the shade created by the panels, <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/renewables\/our-projects\/cirata-floating-photovoltaic-fpv-plant\" style=\"\" rel=\"noopener\">Masdar<\/a> said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s pricier and tougher to maintain:<\/strong>Challenges that offshore solar developers are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/598ff3aa-23ae-4b39-aecd-32eb6ab2f83e\" style=\"\" rel=\"noopener\">yet to overcome<\/a> include higher costs of development \u2014 which are around 40% more expensive than panels installed on land \u2014 and corrosion from salts or strong winds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is interested in other Indonesian ventures:<\/strong> Earlier in February, Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c0e6a33d-90d1-43dd-93ef-aa4e29a5d598\" style=\"\" rel=\"noopener\">acquired shares<\/a> in the geothermal unit of Indonesian government-owned geothermal utility Pertamina, which controls 82% of Indonesia's installed geothermal energy capacity and manages 13 geothermal energy projects generating 1.87 GW of electricity.<\/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\/indonesia\/\">Indonesia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"80558 advertiser\" class=\"issue-section enterprise-adv\">\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=\"80558\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/80558\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80558\" class=\"content-area-description single-story post-80558 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\"><\/a><\/span><\/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=\"80559\" 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=\"80559\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/adib-raises-usd-500-mn-in-blockbuster-green-sukuk-debut\/\">\r\n                            ADIB raises USD 500 mn in blockbuster green sukuk debut                        <\/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\/11\/13\/adib-raises-usd-500-mn-in-blockbuster-green-sukuk-debut\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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data-attachment-id=\"80560\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/adib-raises-usd-500-mn-in-blockbuster-green-sukuk-debut\/1832-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1832.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1832.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1832.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1832.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80559\" class=\"content-area-description single-story post-80559 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-adib tag-debt-watch tag-enterpriseclimate tag-green-sukuk tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.e04d4f10-53f0-4e84-8ceb-fa24423224b0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>ADIB's <\/strong><strong>green sukuk debut takes off:<\/strong> Abu Dhabi Islamic Bank's (ADIB) USD-denominated green sukuk debut successfully raised USD 500 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/pages\/news_details.aspx?id=443\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The green sukuk issuance was 5.2x oversubscribed, closing at USD 2.6 bn. The oversubscription allowed the lender to tighten the final price to 115 bps over the five-year US Treasury Rate from the <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/09\/today-china-reveals-vague-methane-emission-reduction-goals-acwa-and-masdar-are-developing-500-mw-of-renewables-in-azerbaijan-103149\/\" style=\"\" rel=\"noopener\">initial announced price<\/a> of 145 bps.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong demand: <\/strong>A majority of the interest emerged from MENA, accounting for 78% of the allocations, the statement noted. 13% of the allocations came from Europe and 9% from Asia and USA. Private banks accounted for 26% of the investors, followed by commercial banks (42%) and asset and fund managers (17%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where is the money going? <\/strong>ADIB intends to allocate the issuance's net proceeds to fund green projects to accelerate the green transition, the statement noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \"We are thrilled to be the first financial institution in the world to issue the first USD-denominated green sukuk, which builds on ADIB's efforts to address climate change and to advance sustainable solutions that protect the environment and help facilitate a transition to a low-carbon economy,\" said ADIB Group's CEO Nasser Al Awadhi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> The Islamic lender tapped Standard Chartered Bank as sole global coordinator, along with Emirates NBD Capital, First Abu Dhabi Bank, and Sharjah Islamic Bank as joint bookrunners and joint lead managers, according to the document. ADIB itself will also jump in as a joint bookrunner and manager.<\/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\/adib\/\">ADIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/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=\"80561\" 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=\"80561\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/\">\r\n                            UAE launches its Strategy for Climate Neutrality 2050 ahead of COP28                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE launches its Strategy for Climate Neutrality 2050 ahead of COP28&url=https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/&title=UAE launches its Strategy for Climate Neutrality 2050 ahead of COP28\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+launches+its+Strategy+for+Climate+Neutrality+2050+ahead+of+COP28+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F11%2F13%2Fuae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1833.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80562\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/uae-launches-its-strategy-for-climate-neutrality-2050-ahead-of-cop28\/1833-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1833.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1833.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1833.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1833.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80561\" class=\"content-area-description single-story post-80561 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-policy tag-climate-policy tag-decarbonization tag-enterpriseclimate tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.b9e081e5-efb2-4b05-8f09-aba2ecfd513a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE launches its Strategy for Climate Neutrality 2050:<\/strong> The UAE has launched its Strategy for Climate Neutrality 2050 targeting carbon neutrality in six sectors including energy and waste, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/apjdbkm-%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%B9%D9%84%D9%86-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D9%84%D8%AD%D9%8A%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The strategy represents a roadmap to achieving the goals of the <a target=\"_blank\" href=\"https:\/\/uaeun.org\/uae-announces-net-zero-by-2050-strategic-initiative\/\" style=\"\" rel=\"noopener\">UAE Net Zero 2050 initiative launched two years ago<\/a>. The UAE <a target=\"_blank\" href=\"https:\/\/www.moccae.gov.ae\/en\/media-center\/news\/11\/11\/2022\/uae-unveils-national-net-zero-by-2050-pathway-at-cop27-in-sharm-el-sheikh.aspx#page=1\" style=\"\" rel=\"noopener\">launched the initiative\u2019s pathway<\/a> with a timeframe and mechanisms for implementation at COP27 last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So what does the new strategy entail?<\/strong> The national strategy aims to achieve carbon neutrality in six sectors \u2014 energy, industry, transportation, agriculture, waste, and construction \u2014 and identifies three necessary mechanisms to achieve this. The three factors that will support the transition to net zero are providing appropriate mechanisms to finance climate efforts, harnessing technology and supporting the research and development strategy, and committing to the methodology of enhancing skills and capabilities, UAE Climate Change and Environment Minister Mariam Almheiri explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Economic upsides and benefits:<\/strong> The strategy will create more than 200k jobs, contribute to achieving about 3% growth in GDP, and enhance the growth of national exports, Almheiri added.<\/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\/climate-policy\/\">CLIMATE POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"80563\" 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=\"80563\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/\">\r\n                            Dewa reports a 6.9% y-o-y increase in net profits in 3Q 2023                        <\/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\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/\" 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\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/')\">\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\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/\">\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=Dewa reports a 6.9% y-o-y increase in net profits in 3Q 2023&url=https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/\">\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\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/&title=Dewa reports a 6.9% y-o-y increase in net profits in 3Q 2023\">\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=Dewa+reports+a+6.9%25+y-o-y+increase+in+net+profits+in+3Q+2023+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F11%2F13%2Fdewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023%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\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/920.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80564\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/dewa-reports-a-6-9-y-o-y-increase-in-net-profits-in-3q-2023\/920-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/920.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"920.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/920.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/920.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80563\" class=\"content-area-description single-story post-80563 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-dewa tag-earnings-watch tag-enterpriseclimate tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.4e36e3da-97c4-4ad0-9e8b-ad88b8686f02.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Dewa\u2019s year is looking up:<\/strong> The Dubai Electricity and Water Authority (Dewa) reported a 6.9%y-o-y increase in net income in the third quarter of the year to AED 3.4 bn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/579.pdf\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a> released on Friday. Dewa\u2019s revenues were up 10.2% y-o-y in 3Q reaching AED 9.4 bn, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/November\/10-11\/DEWA-announces-record-operating-and-financial-results-for-the-3rd-Quarter-of-2023\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An even more impressive quarterly performance:<\/strong> Dewa reported a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4049a141-3075-463f-978a-3724bb9b365c\" style=\"\" rel=\"noopener\">71.5%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4049a141-3075-463f-978a-3724bb9b365c\" style=\"\" rel=\"noopener\">q-o-q increase<\/a> in net income and a 29.2% q-o-q increase in revenues compared to last quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s driving Dewa\u2019s rising revenues?<\/strong> The 3Q revenue increase was driven by increased demand for electricity, water, and cooling services as well as a boost in revenues from Dewa\u2019s other portfolio of assets, the statement notes. Total power generation grew by around 8.8% compared to last year mainly driven by a 29.9% increase in green energy, the statement explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dewa\u2019s best quarter yet: <\/strong>\u201cWe have achieved the highest quarterly revenue, operating profit, Ebitda, and net profit in Dewa\u2019s history with an outstanding 9.9% growth in [the latter],\u201d CEO and Managing Director of Dewa Saeed Al Tayer said in the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Dewa aims to have 5 GW of renewable capacity installed by 2030, representing 25% of Dubai\u2019s energy mix, the statement 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\/dewa\/\">DEWA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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=\"80565\" 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=\"80565\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/adnoc-distribution-accelerates-ev-charging-stations-rollout-eanan-tests-its-first-local-evtol-and-morocco-gets-a-green-loan-to-boost-desalination-efforts\/\">\r\n                            Adnoc Distribution will increase EV charging stations. Enan\u2019s locally manufactured eVTOL takes off. Morocco secures green loan for desalination projects.                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/adnoc-distribution-accelerates-ev-charging-stations-rollout-eanan-tests-its-first-local-evtol-and-morocco-gets-a-green-loan-to-boost-desalination-efforts\/\" 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       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accelerates EV charging stations rollout, Eanan tests its first local eVTOL, and Morocco gets a green loan to boost desalination efforts.\">\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=Adnoc+Distribution+accelerates+EV+charging+stations+rollout%2C+Eanan+tests+its+first+local+eVTOL%2C+and+Morocco+gets+a+green+loan+to+boost+desalination+efforts.+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F11%2F13%2Fadnoc-distribution-accelerates-ev-charging-stations-rollout-eanan-tests-its-first-local-evtol-and-morocco-gets-a-green-loan-to-boost-desalination-efforts%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1834.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1834.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1834.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1834.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80565\" class=\"content-area-description single-story post-80565 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-beeah-2 tag-desalination tag-enterpriseclimate tag-evs tag-evtol tag-morocco tag-ocp tag-pif tag-uae tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.ebef3a8b-c28c-4e7b-b194-6f0b245394cd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ELECTRIC VEHICLES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA\u2019s PIF and SEC rebrand their EV infrastructure firm: <\/strong>Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC) have rebranded their JV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2db29355-7532-4e33-a2c8-668568d738ad\" style=\"\" rel=\"noopener\">Electric Vehicle Infrastructure Company<\/a> to EVIQ, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N1996155\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. EVIQ \u2014 which is 75% owned by PIF and 25% owned by SEC \u2014 aims to set up over 5k fast chargers in over 1k locations in cities across KSA. It will also explore collaboration with EV companies by providing required charging stations, and promote private sector participation in the development of its network of charging stations and support the localization of R&D and manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Distribution will ramp up the rollout of EV charging points next year and plans to <\/strong><strong>operate 50 of them \u2014 12 more than it currently operates \u2014 by year end<\/strong>, Adnoc Distribution's CEO Bader Al Lamki told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/11\/10\/adnoc-distribution-to-accelerate-ev-charging-point-roll-out-in-2024\/\" style=\"\" rel=\"noopener\">The National<\/a> on Friday. The company will focus on installing charging points on highways to meet higher demand and plans to supply biofuel to its business-to-business (B2B) customers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIG DEEPER- Adnoc Distribution partnered with Abu Dhabi National Energy Company (Taqa) <\/strong>in January to establish the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3c2b3df7-6693-4917-b57d-b6dee4e54cae\" style=\"\" rel=\"noopener\">E2GO joint venture<\/a> to build and operate electric vehicle (EV) infrastructure in the UAE. The UAE's largest fuel retailer also announced last month that it will use <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c31bbd32-b5d7-4400-8eb5-d404001db505\" style=\"\" rel=\"noopener\">biofuel<\/a> to power its heavy vehicle fleet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Eanan trials first locally made eVTOL:<\/strong> Emirati green tech company <a target=\"_blank\" href=\"https:\/\/eanan.ae\/\" style=\"\" rel=\"noopener\">Eanan<\/a> began a flighttesting campaign for the first Emirati-manufactured autonomous electric vertical take-off and landing (eVTOL) aircraft, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/ae\/ar\/news-releases\/u0022u0639u0646u0627u0646u0022u002Du062Au0643u0634u0641u002Du0627u0644u0646u0642u0627u0628u002Du0639u0646u002Du0623u0633u0637u0648u0644u002D-301982048.html\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The self-driving, zero-carbon multicopter will carry both cargo and passengers and is manufactured in Dubai\u2019s Mohammed Bin Rashid Aerospace Hub, the statement notes. The company will debut its <a target=\"_blank\" href=\"https:\/\/eanan.ae\/solution\/#s120\" style=\"\" rel=\"noopener\">S-120<\/a> and <a target=\"_blank\" href=\"https:\/\/eanan.ae\/solution\/#s700cargo\" style=\"\" rel=\"noopener\">S-700<\/a> eVTOLs at the Dubai Airshow, which kicks off today. The S-120 has a one-hour\/30 km flight range with a flying speed of 60 km per hour and can carry a 50 kg payload capacity. The S-700 heavy cargo eVTOL has a <a target=\"_blank\" href=\"https:\/\/eanan.ae\/solution\/#s700airtaxi\" style=\"\" rel=\"noopener\">700 kg maximum take-off weight<\/a> with a 200 kg payload capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DESALINATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco\u2019s OCP secures green loan to boost desalination efforts:<\/strong> Moroccan state-owned fertilizer and phosphate company OCP Group has secured a USD 18.3 mn green concessional loan from the Canada-African Development Bank Climate Fund (CACF) to expand its desalination efforts in Africa, according to a <a target=\"_blank\" href=\"https:\/\/afdb.africa-newsroom.com\/press\/canada--african-development-bank-climate-fund-approves-363-million-in-support-to-climate-adaptation-on-the-continent?lang=en\" style=\"\" rel=\"noopener\">statement<\/a> released last week. This is the first doll out of a USD 36.3 mn loan, with the first USD 18 mn portion aimed at supporting rehabilitation and expansion efforts at Port Autonome de Cotonou in Benin, the statement notes. The second USD 18 mn loan will be earmarked for the development of three desalination plants in Morocco. The green facilities reflect a joint effort between Canada and the African Development Bank to finance \u201celigible climate change projects in Africa,\u201d the statement notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OCP has been busy on the desalination front:<\/strong> The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6910a6e9-73bb-47fd-b5a1-cb26e86d02bb\" style=\"\" rel=\"noopener\">inaugurated the first phase<\/a> of its 35 mn cubic meters (cbm) per year Safi desalination plant in Morocco last August. The plant\u2019s output will serve OCP\u2019s industrial needs and provide drinking water to the Safi and El Jadida neighborhoods, with the first phase set to produce 10 cbm annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Beeah, SIRC, Almqr team up on waste management:<\/strong> The UAE's Beeah, Saudi Investment Recycling Company (SIRC), and Al-Maqar Development Company (Almqr) have signed an agreement to establish a company to develop and provide integrated waste management solutions in Madinah, KSA. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/apjyyak-beeah-ksa%E2%80%99s-sirc-almqr-establish-sustainable-waste\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>IFFCO earmarks mns towards sustainability-linked:<\/strong> UAE-based FMCG firm IFFCO has earmarked AED 77 mn toward its corporate ESG strategy with 156 projects in the pipeline. The company \u2014 which established the plant-based meat alternative brand Thryve back <a target=\"_blank\" href=\"https:\/\/www.gulfood.com\/insights\/iffco-launches-gccs-first-100-plant-based-meat-venture-uae\" style=\"\" rel=\"noopener\">in January<\/a> \u2014 has set a target of slashing 17% of its Scope 1 and 2 emissions from 2021 levels by 2025, and plans to lay out its corporate climate action strategy for 2030 at COP28. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/iffco-allocates-aed-77mln-for-a-more-sustainable-future-ghn0004d\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>ImpactGulf launches 71 Climate Heroes initiative:<\/strong> UAE carbon accounting and climate consultancy ImpactGulf has launched its <a target=\"_blank\" href=\"https:\/\/www.adsmehub.ae\/en\/explore\/post-details\/uaes-smes-free-emissions-assessment\" style=\"\" rel=\"noopener\">71 Climate Heroes<\/a> initiative, which aims to help Emirati-based SMEs measure their emission reduction. (<a target=\"_blank\" href=\"https:\/\/twitter.com\/MoCCaEUAE\/status\/1722288013164609671\" style=\"\" rel=\"noopener\">Statement<\/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\/beeah-2\/\">BEEAH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/desalination\/\">DESALINATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evtol\/\">EVTOL<\/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\/ocp\/\">OCP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80567\" 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=\"80567\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/italys-eni-set-to-sell-10-of-renewables-arm-plenitude-gm-and-stellanis-invest-in-ev-metalfree-magnet-startup\/\">\r\n                            Italy\u2019s Eni set to sell 10% of renewables arm Plenitude, GM and Stellanis invest in EV metalfree magnet startup                        <\/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\/11\/13\/italys-eni-set-to-sell-10-of-renewables-arm-plenitude-gm-and-stellanis-invest-in-ev-metalfree-magnet-startup\/\" target=\"_blank\">\n                    Open 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1835.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1835.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1835.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1835.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80567\" class=\"content-area-description single-story post-80567 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-acg tag-africa tag-around-the-world tag-eni tag-enterpriseclimate tag-gm tag-italy tag-saudi-arabia tag-stellanis wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.357b48c5-19ab-4776-be72-72b3b2de27fa.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Italy\u2019s Eni is set to sell a stake in its renewables unit Plenitude: <\/strong>Italian state-controlled oil giant Eni is reportedly set to sell a 10% stake in its renewable energy and gas production arm <a target=\"_blank\" href=\"https:\/\/eniplenitude.com\/\" style=\"\" rel=\"noopener\">Eni Plenitude<\/a> to Zurich-based fund Energy Infrastructure Partners AG for USD 800 mn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-08\/italy-s-eni-nears-800-million-deal-to-sell-renewables-unit-stake-to-eip?srnd=green#xj4y7vzkg\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week, citing sources with knowledge of the matter. The transaction \u2014 which values the company at some EUR 8 bn \u2014 is reportedly in its final stages of negotiations and is set to be finalized by the end of the month. The stake sale will give the Italian company a cash injection it can use for investments, and would allow Eni to lock in a value for Plenitude and lay the groundwork for IPO plans as soon as 2024, Bloomberg notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GM <\/strong><strong>+ Stellantis invest in metalsfree EV magnet startup:<\/strong> US and Dutch giant automakers General Motors and Stellanis are joining US-based rare metalsfree EV magnet startup <a target=\"_blank\" href=\"https:\/\/www.nironmagnetics.com\/\" style=\"\" rel=\"noopener\">Niron Magnetics<\/a> \u2019 latest USD 33 mn funding round, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/gm-stellantis-invest-ev-magnet-startup-move-reduce-china-reliance-2023-11-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. Niron Magnetics will use the funds to develop its patented Clean Earth Magnet \u2014 a permanent magnet manufactured without the use of critical metals such as neodymium and praseodymium. The move comes as EV makers around the world seek to reduce their reliance on critical metal and mineral imports from China, which supplies around 90% of the world\u2019s rare-earth magnet supply, Niron CEO Jonathan Rowntree told the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why permanent magnets? <\/strong>Electric motors that use rare metal magnets in their production are by far the most commonly used motors in the EV market given their high power density, torque density, and efficiency, according to <a target=\"_blank\" href=\"https:\/\/evreporter.com\/neodymium-magnets-in-electric-vehicles-types-manufacturing-and-usage\/\" style=\"\" rel=\"noopener\">EV reporter<\/a>, adding that in 2021 permanent magnet motors made up 84% of the electric car market. Motors without permanent magnets are cheaper but less efficient and require a larger battery, reducing the driving range, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/automakers-cutting-back-rare-earth-magnets-2021-07-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>The first commercial DAC plant in the US comes online:<\/strong> Heirloom Carbon Technologies has launched the first commercial plant in the US to use direct air capture (DAC) with an initial 1k ton annual sequestration capacity. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/11\/09\/climate\/direct-air-capture-carbon.html?smid=nytcore-android-share\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/li>\n<li><strong>World\u2019s first commercial carbon-sensing satellite launched: <\/strong>Canadian greenhouse gas monitoring firm GHGSat launched on Saturday a satellite from the Vandenberg Space Force Base in California to track carbon emissions from polluting industries. Data gathered by the sensor will be available for sale to industrial emitters, governments, and researchers. (<a target=\"_blank\" href=\"https:\/\/www.ghgsat.com\/en\/newsroom\/worlds-first-commercial-co2-sensor-in-orbit\/\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>South Africa is set to miss its 2030 climate action target:<\/strong> South Africa \u2014 the world\u2019s seventh <a target=\"_blank\" href=\"https:\/\/www.worldometers.info\/coal\/south-africa-coal\/\" style=\"\" rel=\"noopener\">largest coal consumer<\/a> \u2014 is on course to miss its binding emissions reduction target <a target=\"_blank\" href=\"https:\/\/climatepromise.undp.org\/what-we-do\/where-we-work\/south-africa\" style=\"\" rel=\"noopener\">for 2030<\/a> as its government axes plans to decommission six coal-fired power plants by the end of the decade. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/south-africa-miss-2030-emissions-goal-it-keeps-coal-plants-burning-2023-11-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>Shell sues Greenpeace:<\/strong> Dutch oil giant Shell is suing climate Greenpeace for USD 2.1 mn after protesters <a target=\"_blank\" href=\"https:\/\/www.greenpeace.org\/southeastasia\/press\/57374\/greenpeace-boards-occupies-shell-vessel-with-demand-stop-drilling-start-paying\/\" style=\"\" rel=\"noopener\">occupied the vessel<\/a> in the Atlantic Ocean for 13 days earlier. Greenpeace rejected an offer by Shell to reduce its claim to USD 1.4 mn if the group agreed to no longer protest at Shell\u2019s assets. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3041e388-f1a5-4bee-a756-fa58e8fd639c\" style=\"\" rel=\"noopener\">Financial Time<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3041e388-f1a5-4bee-a756-fa58e8fd639c\" style=\"\" rel=\"noopener\">s<\/a>)<\/li>\n<li><strong>Namibia breaks ground on first green steel plant:<\/strong><a target=\"_blank\" href=\"https:\/\/hyiron.com\/\" style=\"\" rel=\"noopener\">HyIron<\/a> has begun construction on Africa\u2019s first green hydrogen-powered iron smelting plant as part of the <a target=\"_blank\" href=\"https:\/\/hyiron.com\/oshivela\/\" style=\"\" rel=\"noopener\">Oshivela project<\/a> in western Namibia. The plant will have a production capacity of some 15k tons of iron annually. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/namibia-starts-construction-africas-first-decarbonised-iron-plant-2023-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>Ins. companies are still on the fossil fuel bandwagon:<\/strong> Ins. industry giants \u2014 including Berkshire Hathaway and Everest Re \u2014 are still investing in fossil fuel production companies and do not have an exit strategy. Germany\u2019s Allianz ranked as the global leader in fossil fuel underwriting policies over the past two years, while Generali, Aviva, Swiss Re, AXA, Hannover Re and AXIS Capital followed in ranking. Scor retained first place by a \u201cwide margin\u201d for its fossil fuel divestment policy. (<a target=\"_blank\" href=\"https:\/\/global.insure-our-future.com\/wp-content\/uploads\/sites\/2\/2023\/11\/IOF-2023-Scorecard.pdf\" style=\"\" rel=\"noopener\">Report, pdf<\/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\/acg\/\">ACG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gm\/\">GM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/stellanis\/\">Stellanis<\/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=\"80569\" 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=\"80569\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/can-a-millimeter-thick-artificial-leaf-be-used-to-make-green-fuels\/\">\r\n                            Can a millimeter thick artificial leaf be used to make green 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\/11\/13\/can-a-millimeter-thick-artificial-leaf-be-used-to-make-green-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(); 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The thin, flexible devices \u2014 developed by Cambridge researchers \u2014 turns sunlight, water and CO2 into synthetic fuel with the potential to be commercialized at an industrial scale, professor of energy and sustainability at Cambridge University Erwin Reisner told the news outlet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does it work?<\/strong> The device has chemical light absorbers and catalysts that turn carbon dioxide and water into a mixture of carbon monoxide and hydrogen. The researchers used \u201cthin-film metal oxides and materials called perovskites to create devices that were covered with micrometer-thin, water-repellent layers,\u201d Reisner explained, adding that the result was a \u201chighly effective but non-bulky device that is a millimeter thick and covers an area of 100 sq cm, a bit like a leaf.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Filling the clean fuel gap: <\/strong>The device could be scaled commercially to make green sustainable kerosene for the aviation market or diesel for the shipping sector. Additionally, the combination of hydrogen and carbon monoxide it produces is also used as feedstock in the production of many chemicals and fuels, Reisner added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And saving land:<\/strong> A crucial advantage of this tech is the fact that it floats and so does not occupy the large amounts of land needed for crops and woodlands. \u201cClean energy and land use would not be competing with each other,\u201d Reisner 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\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80571\" 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\/11\/13\/80571\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80571\" class=\"content-area-description single-story post-80571 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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER 2023<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-15 November (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.intrafricantradefair.com\/\" style=\"\">Intra-African Trade Fair 2023<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 November (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gcc-turkiye.net\/\" style=\"\">GCC-T\u00fcrkiye Economic Forum<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\/\" style=\"\">WETEX and Dubai Solar Show,<\/a><\/span><span style=\"font-weight:400;\"> Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-18 November (Wednesday-Saturday): DEWA\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/May\/07-05\/DEWA-MENA-Solar-Conference\" style=\"\">First MENA Solar Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-24 November (Monday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303172305\" style=\"\">Aviation and Alternative Fuels conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-30 November (Monday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/ADGlobalMarket\/status\/1672228350046224384\" style=\"\">Abu Dhabi Finance Week (ADFW)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wges.ae\/\" style=\"\">World Green Economy Summit (WGES)<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November - 12 December (Thursday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/\" style=\"\">Conference of the Parties (COP 28)<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2023<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-10 December (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabisustainabilityweek.com\/en\/media\/news\/adsw-sets-out-bold-global-climate-action-agenda-at-cop28\" style=\"\">Abu Dhabi Sustainability Week COP28 Special Edition<\/a><\/span><span>, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.greeninitiatives.gov.sa\/news-and-announcements\/third-edition-of-saudi-green-initiative-forum-to-take-place-during-cop28\/\" style=\"\">Saudi Green Initiative Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabisustainabilityweek.com\/en\/Media\/News\/ADSW-to-Host-Special-Edition-at-COP28\" style=\"\">Abu Dhabi Sustainability Week (ADSW) summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303210320\" style=\"\">International Conference on Global Warming<\/a><\/span><span style=\"font-weight:400;\">, Ras Al Khaimah, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 December (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.reutersevents.com\/energy-transition\/energy-mena?gad=1&gclid=CjwKCAjwp8OpBhAFEiwAG7NaEkLySAaI28xtTFfTJpxpdId4Xty5U8JBg8CGmDkjoI7AEv9U5WtmQBoCxdcQAvD_BwE\" style=\"\">Reuters\u2019 Energy Transition MENA conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-8 December (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fii-institute.org\/conference\/priority-asia-in-hong-kong\/#section-236-345\" style=\"\">Future Investment Initiative (FII) Priority<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/masdar.ae\/Strategic-Platforms\/Youth-4-Sustainability\/Youth-4-Sustainability-Hub\" style=\"\">Youth for Sustainability Forum (Y4S)<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/ghseoman\/\" style=\"\">Green Hydrogen Summit Oman<\/a><\/span><span style=\"font-weight:400;\">, Oman Convention and Exhibition Center, Muscat, Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 December (Monday-Wednesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/en\/\" style=\"\">Saudi Arabia Smart Grid Conference<\/a><\/span><span style=\"font-weight:400;\">, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/a><\/span><span>, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\" style=\"\">Management and Sustainability of Water Resources<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Future Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Green Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous E-Mobility Forum<\/a><\/span><span>, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\" style=\"\">Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Early 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/us-algeria-energy-and-investment.org\/\" style=\"\">The 2023 US Algeria Energy Forum<\/a><\/span><span style=\"font-weight:400;\">, Washington DC, USA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.safcongressmena.com\/\" style=\"\">Sustainable Aviation Futures MENA Congress<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2024: Emirati <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ar.ae\" style=\"\">Masdar<\/a><\/span><span>\u2019s 500 MW wind farm in Uzbekistan to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\" style=\"\">begin commercial operations<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s industrial cities solar power project <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\" style=\"\">will start electricity<\/a><\/span><span style=\"font-weight:400;\"> production. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\" style=\"\">International Union for Conservation of Nature World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\" style=\"\">have over 1k<\/a><\/span><span style=\"font-weight:400;\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/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":"<p>Saudi Arabia lines up another 3.7 GW of solar | Taqa is working with Romania on a possible new HVDC project | Masdar has floating solar in Indonesia.<\/p>\n","protected":false},"featured_media":80548,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-80547","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d29e7e70-ee61-46db-b5fb-2baeead8c255","teaser":"Saudi Arabia lines up another 3.7 GW of solar | Taqa is working with Romania on a possible new HVDC project | Masdar has floating solar in Indonesia.","photo_url":"https:\/\/ent.news\/2022\/6\/4562.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>Saudi Power Procurement Company issues RFQs for 3.7 GW solar projects - Climate<\/title>\n<meta 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