{"id":81333,"date":"2023-12-19T07:00:00","date_gmt":"2023-12-19T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=81333"},"modified":"2025-12-15T10:04:05","modified_gmt":"2025-12-15T10:04:05","slug":"taqa-is-exploring-acquiring-stakes-in-a-eur-1-9-bn-greece-cyprus-interconnection-project","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/taqa-is-exploring-acquiring-stakes-in-a-eur-1-9-bn-greece-cyprus-interconnection-project\/","title":{"rendered":"Taqa is exploring acquiring stakes in a EUR 1.9 bn Greece-Cyprus interconnection project"},"content":{"rendered":"<section id=\"81335\" 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=\"81335\">\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\/12\/19\/today-taqa-is-exploring-acquiring-stakes-in-greece-cyprus-interconnection-project-acwa-inks-a-major-ppa-in-south-africa\/\">\r\n                            TODAY: Taqa is exploring acquiring stakes in Greece-Cyprus interconnection project + Acwa inks a major PPA in South Africa                        <\/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 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     <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2883.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81336\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/today-taqa-is-exploring-acquiring-stakes-in-greece-cyprus-interconnection-project-acwa-inks-a-major-ppa-in-south-africa\/2883-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2883.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2883.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2883.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/2883.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81335\" class=\"content-area-description single-story post-81335 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseclimate tag-green-finance tag-oci-global tag-what-were-tracking-today 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\/12\/.41a7dccf-eaa0-4f2f-b0a4-3696e72070af.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>We have a quick roundup today of all the latest happening in the region with a couple of large stories emerging from the UAE and KSA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY- <\/strong>The Abu Dhabi National Energy Company (Taqa) has signed an MoU to explore the acquisition of a stake in the 900 km high-voltage direct current (HVDC) interconnector project between Greece and Cyprus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the details on this story 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><a id=\"wwtt3\"><\/a>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>The <\/strong><strong>UK will set import carbon taxes starting <\/strong><strong>2027<\/strong><strong>: <\/strong>In efforts to safeguard local businesses against cheaper imports from markets with lax climate action strategies, the UK government plans to enforce its planned carbon border adjustment mechanism (CBAM) on imported goods including iron, steel, fertilizers, hydrogen, ceramics, and cement staring 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The carbon levies will depend on the amount of carbon generated in the production of the imported goods, and the difference (if any) between the carbon price applicable in the country of origin and the carbon price faced by UK manufacturers. \u201cThis levy will make sure carbon intensive products from overseas \u2014 like steel and ceramics \u2014 face a comparable carbon price to those produced in the UK, so that our decarbonisation efforts translate into reductions in global emissions,\u201d the country\u2019s Finance Minister Jeremy Hunt notes in the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong><a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/business\/2023\/12\/18\/britain-carbon-tax-steel-aluminum\/fef47a46-9d9a-11ee-9e0f-972979a6c22b_story.html\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uk\/uk-government-implement-carbon-levy-by-2027-2023-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a><a target=\"_blank\" href=\"https:\/\/www.euronews.com\/2023\/12\/18\/uk-plans-to-implement-a-carbon-tax-on-imported-goods-from-2027\" style=\"\" rel=\"noopener\">Euronews<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/2023\/dec\/18\/uk-carbon-tax-steel-imports-iron-ceramics-cement\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-18\/uk-to-introduce-carbon-border-tax-from-2027-after-move-by-europe\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/britain-carbon-tax-steel-aluminum-08ed280db9be1ea2efdb1db1d94f338f\" style=\"\" rel=\"noopener\">AP News<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c3ea19ff-537b-4708-865e-8d2a1ec58051\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/Business\/wireStory\/uk-plans-implement-carbon-tax-imported-goods-steel-105734874\" style=\"\" rel=\"noopener\">ABC News<\/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><a id=\"wwtt1\"><\/a><\/strong><strong>WATCH <\/strong><strong>THIS SPACE #1- It\u2019s confirmed, OCI is selling its stakes in Iowa Fertilizer: <\/strong>The Sawiris-backed, Netherlands-headquartered chemicals company OCI Global will sell 100% of its USD 3.6 bn stake in the US crop nutrient unit <a target=\"_blank\" href=\"https:\/\/www.iowafertilizer.com\/careers\/company-profile\/\" style=\"\" rel=\"noopener\">Iowa Fertilizers<\/a> to US\u2019 <a target=\"_blank\" href=\"https:\/\/kochagenergy.com\/\" style=\"\" rel=\"noopener\">Koch Ag & Energy Solutions<\/a>, OCI said in a <a target=\"_blank\" href=\"https:\/\/oci-global.com\/news-stories\/press-releases\/oci-global-announces-agreement-for-the-sale-of-ifco-to-koch\/\" style=\"\" rel=\"noopener\">statement<\/a>. The sale will be completed in 2024 pending US antitrust approval. OCI is planning to use the funds to explore investment options in the energy transition sector, while reducing the holding company's net debt and providing shareholders with high capital returns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- A busy week for OCI: <\/strong>OCI also signed a binding agreement with Adnoc last week to offload a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c1b11e94-533d-4af4-984c-ed48fd056c83\" style=\"\" rel=\"noopener\">50% stake<\/a> in their joint venture Fertiglobe for AED 13.28 bn. <\/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><a id=\"wwtt2\"><\/a>WATCH THIS SPACE #2- New capital requirements on Wall Street will rock the green <\/strong><strong>finance boat:<\/strong> Basel 3 Endgame \u2014 the final stage of regulations imposed in the US after the 2008 financial crisis \u2014 is expected to significantly affect Wall Street\u2019s biggest banks\u2019 ability to finance green projects, <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=c2a2b6a7d9&e=8e5fca127e\" style=\"\" rel=\"noopener\">Bloomberg<\/a> wrote. The regulations will increase capital requirements for banks, making it more expensive for banks to provide funds, including funding to green projects. The new rules will \u201cfundamentally alter\u201d how banks in the world\u2019s biggest economy approach risk, Ernst & Young told the business newswire.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:11pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>The US\u2019 biggest banks aren\u2019t happy: <\/strong>JP Morgan alleges that the new rules would \u201cfor sure\u201d affect its green projects financing, while Goldman Sachs CEO David Solomon warned that the new regulations would push the capital requirements for some of its green energy products to \u201cquadruple.\u201d Citigroup Vice Chairman of Banking, Capital Markets and Advisory Jay Collins also chimed in on the topic in an interview cited by Bloomberg, claiming that \u201cas long as there is so much policy noise and regulatory fog, the multifold increase in climate investment won\u2019t happen.\u201d<\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><a href=\"https:\/\/uaeform.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/135.jpg?ssl=1\"\/><\/a> <\/p>\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 9am Cairo \/ 10am Riyadh \/ 11am 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 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.news\/climate\/en\/user\/NewsLetters\" 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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Qatar will host The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sgre-qa.org\/\" style=\"\" rel=\"noopener\">International Conference on Smart Grid and Renewable Energy<\/a><\/strong><strong> is kicking off Tuesday, <\/strong><strong>9 January through to Friday, 12 January<\/strong> in Doha. The conference will explore the importance of the smart grid and renewable energy resources and the viability of various related technologies. It will also host discussions on power electronics, controls, manufacturing, communications and computational intelligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\" rel=\"noopener\">Future Minerals Forum<\/a><\/strong><strong> from Tuesday, 9 January through to <\/strong><strong>Thursday, 11 January<\/strong> in Riyadh. The event will bring nations and private sectors together to enable the creation of resilient mineral value chains in the resource rich regions of Africa, Western Asia, and Central Asia. The forum will hold a ministerial roundtable with over 60 countries being represented., and delegates will discuss global critical mineral strategies as well as an international exhibition with over 150 exhibitors and industry sponsors. <\/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:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\" style=\"\" rel=\"noopener\">Management and Sustainability of Water Resources<\/a><\/strong><strong> Conference <\/strong><strong>from Monday, 26 February to Wednesday 28 February<\/strong> in Dubai.The conference is set to address the importance of water resources availability in arid and semiarid regions and to discuss global water issues and address future water and environmental challenges.<\/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.news\" 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\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oci-global\/\">OCI Global<\/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=\"81337\" 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\" 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href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/acwa-power-inks-ppa-for-south-africas-largest-dispatchable-clean-energy-project\/\">\r\n                            Acwa Power inks PPA for South Africa\u2019s largest dispatchable clean energy project                        <\/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\/12\/19\/acwa-power-inks-ppa-for-south-africas-largest-dispatchable-clean-energy-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/5094.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81339\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/acwa-power-inks-ppa-for-south-africas-largest-dispatchable-clean-energy-project\/5094-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/5094.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"5094.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/5094.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/5094.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81338\" class=\"content-area-description single-story post-81338 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-acwa-power tag-enterpriseclimate tag-renewables tag-solar-energy tag-south-africa 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\/12\/.8fe07a78-9ecb-47e6-b053-d581d4567b62.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa Power secures PPA for South African renewables: <\/strong>KSA renewables giant Acwa Power signed a power purchase agreement with South Africa\u2019s Mineral Resources and Energy Ministry and state power company Eskom to offtake energy from a planned 150 MW dispatchable renewables plant, according to a <a target=\"_blank\" href=\"http:\/\/tiny.cc\/y58jvz\" style=\"\" rel=\"noopener\">statement<\/a>. The project is part of Acwa\u2019s USD 800 mn, <a target=\"_blank\" href=\"https:\/\/www.power-technology.com\/marketdata\/power-plant-profile-acwa-dao-solar-pv-park-south-africa\/\" style=\"\" rel=\"noopener\">442 MW DAO solar energy complex<\/a> in the country\u2019s Northern Cape Province.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong><a target=\"_blank\" href=\"https:\/\/wiki.energytransition.org\/wiki\/electrical-grid\/dispatchable-ramping\/#:~:text=Dispatchable%20power%20plants%20are%20those,much%20energy%20they%20put%20out.\" style=\"\" rel=\"noopener\">Dispatchable power plants<\/a> are energy facilities that can alter how much power they provide to the electricity grid on short notice. They can be switched on and off or ramped up and down to meet power demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project:<\/strong> The 442 MW solar farm \u2014 which is expected to come online by 2Q 2026 \u2014 is currently under construction and will be accompanied with a 1.2 GWh capacity battery energy storage system, the statement notes. The project is co-owned by Acwa Power, Thebe DAO and Trisort Investments, with each holding a 33.3% stake, <a target=\"_blank\" href=\"https:\/\/www.power-technology.com\/marketdata\/power-plant-profile-acwa-dao-solar-pv-park-south-africa\/?cf-view\" style=\"\" rel=\"noopener\">Power Technology<\/a> notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Acwa\u2019s first entry into South Africa:<\/strong> Acwa <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-leads-south-africas-largest-renewable-energy-project-redstone-csp-to-financial-close\" style=\"\" rel=\"noopener\">kicked off on construction<\/a> on its ZAR 11.6 bn (c. USD 622.7 mn) 100 MW concentrated solar power Redstone plant in the African country back in 2021, which at the time was the country\u2019s largest. The project was set to come online by Q4 2023. The company also helped develop the USD 517 mn, 50 MW <a target=\"_blank\" href=\"https:\/\/acwapower.com\/en\/projects\/bokpoort-csp-ipp\/\" style=\"\" rel=\"noopener\">Bokpoort<\/a> CSP greenfield Independent Power Project (IPP) to support advancement of South Africa\u2019s renewable IPP program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other regional players are also tapping the country\u2019s clean energy market:<\/strong> The South African government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/950fb22b-f4c9-4cf6-8bab-ccca06252428\" style=\"\" rel=\"noopener\">tapped the UAE\u2019s Amea Power<\/a> for development of the USD 120 mn, 120 MW Doornhoek solar energy plant last year. Once operational, the project is expected to generate over 325 GWh of clean energy, offsetting 290k tons of CO2 emissions annually.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/south-africa\/\">South Africa<\/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=\"81340\" 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=\"81340\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/taqa-is-exploring-acquiring-stakes-in-a-eur-1-9-bn-greece-cyprus-interconnection-project\/\">\r\n                            Taqa is exploring acquiring stakes in a EUR 1.9 bn Greece-Cyprus interconnection project                        <\/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\/12\/19\/taqa-is-exploring-acquiring-stakes-in-a-eur-1-9-bn-greece-cyprus-interconnection-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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If the agreement goes through, Taqa will join Greece's Independent Power Transmission Operation (IPTO) and the Cyprus Government as shareholders of the interconnector project, which has a total estimated cost of EUR 1.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This came as no surprise: <\/strong>Taqa revised its <a target=\"_blank\" href=\"https:\/\/www.taqa.com\/press-releases\/taqa-group-reports-aed-15-billion-net-income-for-first-nine-months-of-2023-and-refreshed-2030-growth-targets\/\" style=\"\" rel=\"noopener\">growth targets<\/a> last month and committed AED 75 bn to infrastructure investments as it aims for 150 GW power generation by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More HVDC ventures for Taqa:<\/strong> Taqa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/25f3542e-84b0-4b4c-9ba7-ac41adad2128\" style=\"\" rel=\"noopener\">signed an MoU<\/a> 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 and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93dd0ba0-81cd-481c-b792-00590a24b3bf\" style=\"\" rel=\"noopener\">invested GBP 25 mn<\/a> in UK-based renewables developer Xlinks in April for a 3.8k km HVDC subsea interconnector to transport 3.6 GW of renewable energy from Morocco to the UK.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Interconnecters set the stage for Taqa\u2019s renewables targets: <\/strong>\u201cHVDC projects are vital to connect clean energy projects to the end users, and we are ambitiously accelerating investment and growth in our infrastructure business to help our stakeholders scale up their clean energy to meet the growing demand for secure, reliable and sustainable power,\u201d said Taqa group CEO Jasim Husain Thabet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ELSEWHERE IN THE REGION- The first phase of the Egypt-Saudi interconnection project will be completed within weeks<\/strong>, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/36phW\" style=\"\" rel=\"noopener\">Youm7<\/a> reports, citing an unnamed source at the Electricity and Renewable Energy Ministry. The project is set to be connected to the Badr transformer station by May 2025. The 3 GW project is part of Egypt's plan to become a major exporter of renewable energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- There are other regional interconnectors in progress, and some aim to link to Europe: <\/strong>In July, Egyptian authorities were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/acbecd89-aadc-4844-85cd-b94743e29330\" style=\"\" rel=\"noopener\">in talks<\/a> with the Greek government about how to fund the planned EUR 4 bn 3-GW Egypt-Greece Interconnector (GREGY), a source from Egypt\u2019s Electricity Ministry told Enterprise at the time. Saudi Arabia is also establishing its own 1 GW electrical interconnection project with Iraq, and Morocco is looking to lay a 3.8k km HVDC subsea cable to eventually <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ed4a123-aa66-4838-89e9-e1ff240ff69d\" style=\"\" rel=\"noopener\">transport 3.6 GW<\/a> of renewable energy to the UK. Tunisia is also working on a planned electrical interconnection project <a target=\"_blank\" href=\"https:\/\/elmedproject.com\/\" style=\"\" rel=\"noopener\">with Italy<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-infrastructure\/\">green infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"81342\" 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=\"81342\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/\">\r\n                            UAE\u2019s Positive Zero is getting USD 400 mn from BlackRock for decarbonization efforts                        <\/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\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-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                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/')\">\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\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s Positive Zero is getting USD 400 mn from BlackRock for decarbonization efforts&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/\">\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\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/&title=UAE\u2019s Positive Zero is getting USD 400 mn from BlackRock for decarbonization 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=UAE%E2%80%99s+Positive+Zero+is+getting+USD+400+mn+from+BlackRock+for+decarbonization+efforts+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F19%2Fuaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts%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\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/912.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81343\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-positive-zero-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\/912-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/912.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"912.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/912.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/912.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81342\" class=\"content-area-description single-story post-81342 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-blackrock tag-decarbonization tag-enterpriseclimate tag-investment-watch tag-uae tag-us 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\/12\/.cd520e00-1d63-4f27-8c1b-31a744e443c4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BlackRock will invest USD 400 mn in UAE's Positive Zero:<\/strong>New York-based investment company BlackRock is investing USD 400 mn in UAE-based decarbonization company <a target=\"_blank\" href=\"https:\/\/www.positivezero.com\/\" style=\"\" rel=\"noopener\">Positive Zero<\/a> through a diversified infrastructure fund, according to a <a target=\"_blank\" href=\"https:\/\/sirajpower.com\/positive-zero-to-drive-energy-transition-in-the-gcc-with-blackrock-investment\/\" style=\"\" rel=\"noopener\">statement<\/a>. The investment will allow Positive Zero to grow its sustainable energy adoption and offer fully financed sustainable energy solutions across the GCC for commercial, industrial, and public sector organizations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Positive Zero:<\/strong> Positive Zero is a decentralized <a target=\"_blank\" href=\"https:\/\/sirajpower.com\/positive-zero-leading-uae-based-integrated-energy-transition-platform-providing-fully-financed-solutions-to-reduce-energy-costs-and-carbon-footprint\/\" style=\"\" rel=\"noopener\">decarbonization infrastructure platform<\/a> born out of a merger between solar company SirajPower, energy efficiency firm Taka Solutions, and on-demand battery company HYPR Energy. In its decarbonization efforts, Positive Zero also focuses on decentralized power generation, resource efficiency, and clean mobility. The platform also operates in Saudi Arabia and has plans to expand further across the MENA region. <\/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\/blackrock\/\">BlackRock<\/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\/investment-watch\/\">INVESTMENT 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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/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=\"81344\" 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=\"81344\">\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\">GREEN MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/\">\r\n                            UAE\u2019s Kings Aluminum breaks ground on an aluminum production and recycling 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\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/')\">\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\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s Kings Aluminum breaks ground on an aluminum production and recycling plant&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/\">\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\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/&title=UAE\u2019s Kings Aluminum breaks ground on an aluminum production and recycling plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+Kings+Aluminum+breaks+ground+on+an+aluminum+production+and+recycling+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F19%2Fuaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant%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\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/699.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81345\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/uaes-kings-aluminum-breaks-ground-on-an-aluminum-production-and-recycling-plant\/699-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/699.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"699.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/699.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/699.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81344\" class=\"content-area-description single-story post-81344 post type-post status-publish format-standard has-post-thumbnail hentry category-green-manufacturing tag-enterpriseclimate tag-green-manufacturing tag-green-steel 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\/12\/.4f33dc0d-8c03-426d-bdf4-896270af4bdb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A green aluminum <\/strong><strong>plant<\/strong><strong> comes to KEZAD:<\/strong> Abu Dhabi-headquartered Kings Aluminium Industries kicked off construction yesterday on its AED 750 mn (c.USD 204.2 mn) aluminum production and recycling facility at AD Ports\u2019 Khalifa Economic Zones in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq76v49-kings-aluminium-commences-construction-aed750mn\" style=\"\" rel=\"noopener\">Wam<\/a> reports. A timeline on the project\u2019s operational launch date was not provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The aluminum smelting and repurposing plant, which will be established on KEZAD\u2019s Hot Metal Road, will span 100k sq meters and will be leased for 50 years by KEZAD Group. The facility \u2014 which will source raw materials from KEZAD Group anchor Emirates Global Aluminum \u2014 aims to convert virgin aluminum and aluminum waste into high-quality reusable metal products in a bid to push down the carbon footprint of the steel industry and promote aluminum circularity, the news agency notes. Kings Aluminum says it will process aluminum metal and billets and reuse a variety of aluminum waste to realize its targets, according to Wam.<\/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\/green-manufacturing\/\">GREEN MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-steel\/\">GREEN STEEL<\/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=\"81346 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=\"81346\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/81346\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81346\" class=\"content-area-description single-story post-81346 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\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/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=\"81347\" 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=\"81347\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN TECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/moroccan-startup-atarec-unleashes-wave-energy-potential\/\">\r\n                            Moroccan startup Atarec unleashes wave energy potential                        <\/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\/12\/19\/moroccan-startup-atarec-unleashes-wave-energy-potential\/\" 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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Atarec deployed a 7 kW advanced demonstrator of its wave energy tech \u2014 dubbed Wave Beat \u2014 at the Tanger-Med Port, Atarec founders Mohamed Taha El Ouaryachi and Oussama Nour told <a target=\"_blank\" href=\"https:\/\/www.offshore-energy.biz\/interview-moroccan-start-up-set-to-transform-power-supply-of-ports-with-wave-energy\/\" style=\"\" rel=\"noopener\">Offshore Energy<\/a> in an interview. This followed the successful prototypes deployed in 2020 and 2021 as well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the tech: <\/strong>Wavebeat captures the vertical variations in sea level using a freefloatingbuoy, turning the natural motion of water into sustainable and renewable energy, Ouaryachi added in the interview with Offshore Energy. The device is connected to a generator that converts the mechanical energy of the buoy into electrical energy. The device is designed to be cost-competitive and well-suited for port environments given the high wave energy potential is high and easy grid connection. The tech also offsets 1.6k tons of CO2 annually and is 3 times more continuous than solar energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does it matter? <\/strong>The marine energy sector can cover all of humanity's energy needs of 20k to 90k TWh\/year compared to a global electricity consumption of around 16k TWh\/year, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1174.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the International Energy Agency. Ocean energy could also hold a global market potential of 350 GW by 2050. The tech has proven to be energy efficient in the trials at Tanger Med as it exceeded the offshore wind capacity of 60%, while having one of the most competitive <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/levelized-cost-of-energy#:~:text=Levelized%20cost%20of%20energy%3A%20Levelized,(7.10).\" style=\"\" rel=\"noopener\">Levelized Cost of Energy<\/a> amongst globally wave energy providers as a result of its amplification system and the advantages of operating as an onshore tech while being offshore. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The challenges: <\/strong>Funding and the lack of private-public partnerships are the startup\u2019s biggest challenges. Having already raised EUR 900k in equity, grants and non-dilutive money, Atarec is currently \u201cworking on many programs in order to get more funding and accelerate the development of WaveBeat as soon as possible, in parallel with the launch of our next fundraising campaign,\u201d added El Ouaryachi. They also aim to form more public-private sector partnerships to address funding issues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Atarec signed agreementsto set up wave energy projects in five countries, including its pilot project in Tanger Med \u2014 the first wave exploitation project in Africa \u2014 with a total projected power of up to 110 MW, according to their website. The company is also targeting other sections of the market. \u201cWe do envision the possibility of developing utility-scale devices for other facilities such as desalination, offshore platforms, artificial Islands, and tourism facilities,\u201d El Ouaryachi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The region is already harnessing the ocean\u2019s potential:<\/strong> Oman\u2019s Transport Ministry and a consortium of companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/903880ff-3695-4983-b933-7b2d38f5e2d8\" style=\"\" rel=\"noopener\">inked an agreement<\/a> back in March to extend feasibility studies for tidal power at the Masirah sea bridge, with the results expected by the end of the year to guide the investment decision. <\/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\/atarec\/\">Atarec<\/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\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ocean-energy\/\">Ocean energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81349\" 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=\"81349\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/evolve-secures-environmental-approval-to-access-alternative-fuels-and-aldar-forms-a-waste-management-jv-with-tadweer-and-friends\/\">\r\n                            Evolve secures environmental approval to access alternative fuels and Aldar forms a waste management JV with Tadweer and friends                        <\/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\/12\/19\/evolve-secures-environmental-approval-to-access-alternative-fuels-and-aldar-forms-a-waste-management-jv-with-tadweer-and-friends\/\" 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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secures environmental approval to access alternative fuels and Aldar forms a waste management JV with Tadweer and friends&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/evolve-secures-environmental-approval-to-access-alternative-fuels-and-aldar-forms-a-waste-management-jv-with-tadweer-and-friends\/\">\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\/12\/19\/evolve-secures-environmental-approval-to-access-alternative-fuels-and-aldar-forms-a-waste-management-jv-with-tadweer-and-friends\/&title=Evolve secures environmental approval to access alternative fuels and Aldar forms a waste management JV with Tadweer and friends\">\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=Evolve+secures+environmental+approval+to+access+alternative+fuels+and+Aldar+forms+a+waste+management+JV+with+Tadweer+and+friends+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F19%2Fevolve-secures-environmental-approval-to-access-alternative-fuels-and-aldar-forms-a-waste-management-jv-with-tadweer-and-friends%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\/12\/19\/evolve-secures-environmental-approval-to-access-alternative-fuels-and-aldar-forms-a-waste-management-jv-with-tadweer-and-friends\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81349\" class=\"content-area-description single-story post-81349 post type-post status-publish format-standard hentry category-also-on-our-radar tag-aldar tag-also-on-our-radar tag-arabian-cement-company tag-egypt tag-enterpriseclimate tag-tadweer 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\/12\/.46e03291-f033-47a7-9f5f-7c46dd5d0463.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_ImageURLWeb_! https:\/\/ent.news\/2023\/12\/1217.jpeg<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DECARBONIZATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Evolve becomes first to receive environmental approval to access alternative <\/strong><strong>fuels: <\/strong><a target=\"_blank\" href=\"https:\/\/www.arabiancement.com\/en\/\" style=\"\" rel=\"noopener\">The<\/a><a target=\"_blank\" href=\"https:\/\/www.arabiancement.com\/en\/\" style=\"\" rel=\"noopener\">Arabian Cement Company<\/a> \u2019s (ACC) alternative fuels subsidiary <a target=\"_blank\" href=\"https:\/\/www.evolve-eg.com\/\" style=\"\" rel=\"noopener\">Evolve Investments & Projects Management<\/a> has received an approval to access a diverse range of alternative fuel suppliers and materials from the Egyptian Environmental Affairs Agency (EEAA) and the Waste Management and Regulatory Authority (WMRA), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/investments-and-projects-management-secures-environmental-approvals-b82agoxl\" style=\"\" rel=\"noopener\">statement<\/a>. Approved under <a target=\"_blank\" href=\"https:\/\/www.fao.org\/faolex\/results\/details\/en\/c\/LEX-FAOC199134\/\" style=\"\" rel=\"noopener\">Egypts Law 202<\/a> for waste management, Evolve and ACC will be positioned \u201cto collaboratively engage with a broader spectrum of alternative fuel suppliers,\u201d CEO of ACC Sergio Alcantarilla said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ACC cements its position as a leader in sustainability: <\/strong>The ACC received funding from the European Bank for Reconstruction and Development (EBRD) and UAE-based consulting firm A\u00b3&Co to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3697fff-ca89-47d7-b926-18d877943d4f\" style=\"\" rel=\"noopener\">develop a decarbonization roadmap<\/a>, back in November. The roadmap will pave the way for the cement company to produce low-carbon cement and reduce costs. The cement company has already been decarbonizing its operations, as it signed an agreement last year for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/73809ece-7cd1-4f60-bf4d-f98530f2ac78\" style=\"\" rel=\"noopener\">13.2 MW second phase of its solar plant in Suez<\/a>, which, along with phase 1, aims to generate 10% of its operational energy needs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WASTE MANAGEMENT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Aldar launches initiative to eliminate landfill and food waste: <\/strong>UAE real estate developer <a target=\"_blank\" href=\"https:\/\/www.aldar.com\/en\" style=\"\" rel=\"noopener\">Aldar Properties PJSC<\/a> has formed a joint venture with the Abu Dhabi Waste Management Company (Tadweer), National Food Loss and Waste Initiative <a target=\"_blank\" href=\"https:\/\/www.nema.ae\/\" style=\"\" rel=\"noopener\">Ne'ma<\/a>, and Greece-based circular economy solutions company <a target=\"_blank\" href=\"https:\/\/www.polygreen.eco\/\" style=\"\" rel=\"noopener\">Polygreen<\/a> to launch Ecoloop, the region\u2019s first circular model waste removal system, according to a <a target=\"_blank\" href=\"https:\/\/www.aldar.com\/en\/news-and-media\/aldar-tadweer-nema-and-polygreen-partner\" style=\"\" rel=\"noopener\">statement<\/a>. Waste from Aldar\u2019s properties will be collected, separated across four transfer stations, and converted into new resources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Ecoloop is set to eliminate 32.5k tons of CO2 emissions annually by preventing approximately 70k tons of municipal solid waste from Aldar properties from ending up in landfills. The initiative relies on Polygreen\u2019s <a target=\"_blank\" href=\"https:\/\/www.justgozero.com\/en\/\" style=\"\" rel=\"noopener\">Just Go Zero<\/a> waste management model, which brings businesses, local governments, and communities together to work towards a zero-waste world. Tadweer will handle waste management services, while Ne'ma will champion the Zero Food Waste to Landfill framework and promote responsible and sustainable consumption in communities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer + Polygreen have history: <\/strong>Tadweer signed in May an agreement with the company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f51a2f47-5b47-4d20-bacd-435ad3d82128\" style=\"\" rel=\"noopener\">to jointly upscale waste management<\/a> capacity in the UAE and Greece utilizing its Just Go Zero model. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY STORAGE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Schneider <\/strong><strong>Electric + Volts to build energy storage plant in UAE:<\/strong> Schneider Electric signed an MoU with the UAE's energy storage system manufacturer <a target=\"_blank\" href=\"https:\/\/www.volts.world\/\" style=\"\" rel=\"noopener\">Volts<\/a> to establish a battery energy storage systems (BESS) industrial facility in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/36sdr\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two companies will explore producing industrial and household energy storage systems and battery cells. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BESS in the region:<\/strong> Infinity Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8304286-febf-4ba2-bf37-148aa5939acf\" style=\"\" rel=\"noopener\">signed an agreement<\/a> last month with Senegalese national utility Senelec for a 40 MW BESS system. The Emirates Water and Electricity Company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2de9eb52-064c-464f-b278-2280e0853d89\" style=\"\" rel=\"noopener\">issued tenders<\/a> in September for a BESS project. Petroleum Development Oman is also looking to establish a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/07517e34-9302-49a3-91ec-8296df139984\" style=\"\" rel=\"noopener\">100 MW solar energy<\/a> plant with plans to have it complemented by the country\u2019s first battery energy storage system.<\/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>Kuwait gets into the SAF game: <\/strong>The Kuwait Petroleum Company\u2019s marketing arm <a target=\"_blank\" href=\"https:\/\/q8aviation.com\/\" style=\"\" rel=\"noopener\">Q8Aviation<\/a> completed its first blending trial for sustainable aviation fuel (SAF) at a biorefinery in France\u2019s Le Havre last Friday. The e-fuels were blended in compliance with the EU\u2019s ISCC Standards and will be delivered to the Charles de Gaulle and Paris-Orly airports. (<a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3126708&language=en\" style=\"\" rel=\"noopener\">Kuna<\/a>)<\/li>\n<li><strong>KSA\u2019s EVIQ launches EV charging <\/strong><strong>platform<\/strong><strong>: <\/strong>Saudi Arabia\u2019s Electric Vehicle Infrastructure Company (EVIQ) \u2014 backed by KSA\u2019s sovereign wealth fund PIF and the Saudi Electricity Company \u2014 launched the kingdom\u2019s first testing and software center for EVs in Saudi Arabia. EVIQ has set a target to install over 5k fast chargers across 1k locations in KSA. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2015338\" style=\"\" rel=\"noopener\">Saudi Press Agency<\/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\/aldar\/\">Aldar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/arabian-cement-company\/\">Arabian Cement Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweer\/\">Tadweer<\/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=\"81350\" 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=\"81350\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/the-ifc-will-invest-usd-50-mn-in-africa-and-asias-green-energy-transport-infrastructure\/\">\r\n                            The IFC will invest USD 50 mn in Africa and Asia\u2019s green energy + transport infrastructure                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/the-ifc-will-invest-usd-50-mn-in-africa-and-asias-green-energy-transport-infrastructure\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The loan aims to help AP Moller tackle infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and Africa. The Danish fund aims to raise USD 1 bn in green financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going: <\/strong>60% of the USD 1 bn funding package is planned for onshore transport projects spanning from ports and storage, roads and rail, to warehouses and distribution ventures, while the remaining 40% of the financing strategy will be set aside for renewable energy and electricity distribution projects. Half of the fund is packaged towards development projects in Africa, with the remainder earmarked for the South and South East Asian Markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the focus on greenifying transport and port operations?<\/strong> The IFC notes the global shipping sector contributed to around 25% of global energy-related greenhouse gas output in 2022, the IFC notes. In our neck of the woods, a US-backed plan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e86297bd-d808-4c61-8fca-9c5181890f69\" style=\"\" rel=\"noopener\">to establish<\/a> an economic corridor linking Europe with the Middle East and India via a green rail and sea corridors is in the works. Regional players <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b445be36-0cec-4f04-94a3-392d19adc71a\" style=\"\" rel=\"noopener\">including KSA<\/a> are separately running trials for hydrogen-powered railway networks in a bid to cut emissions from the transport sector. On the port operation front, UAE-based DP World <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/25dfea3c-2f04-466c-af8f-e348262ed377\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with the International Renewable Energy Agency (Irena) last month to collaborate on scaling up the use of renewable-based fuels and electrifying the shipping and ports sectors.<\/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>Fortescue secures funding for Norwegian green ammonia project:<\/strong> Mining giant Fortescue has received nearly EUR 204 mn from the EU to finance its flagship green ammonia plant which will ship surplus green ammonia to domestic and European markets. Fortescue <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4d975cac-67dd-41be-89ca-fc5dfca22287\" style=\"\" rel=\"noopener\">approved USD 750 mn total<\/a> in investments in green energy projects and one green steel project last month. (<a target=\"_blank\" href=\"https:\/\/fortescue.com\/news-and-media\/news\/2023\/12\/15\/fortescue-awarded-200million-in-european-union-funding-for-norway-green-ammonia-project\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Adani Group\u2019s Ambuja Cements invests in green energy projects: <\/strong>Indian conglomerate Adani Group\u2019s cement and construction material making arm <a target=\"_blank\" href=\"https:\/\/www.ambujacement.com\/\" style=\"\" rel=\"noopener\">Ambuja Cements<\/a> is set to invest USD 723 mn to build solar and wind energy projects with a total capacity of 1 GW. (<a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1179.pdf\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Sembcorp to supply green ammonia to Japan: <\/strong>Singapore\u2019s Sembcorp has inked MoUs with two Japanese firms \u2014 conglomerate <a target=\"_blank\" href=\"https:\/\/www.sojitz.com\/en\/\" style=\"\" rel=\"noopener\">Sojitz Corp<\/a> and energy company <a target=\"_blank\" href=\"https:\/\/www.kyuden.co.jp\/english_index.html\" style=\"\" rel=\"noopener\">Kyushu Electric Power<\/a> \u2014 to export green ammonia produced in India to Japan. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/sembcorp-export-green-ammonia-india-japan-deal-with-two-firms-2023-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>China allocates USD 33 bn to renovate disaster<\/strong><strong>-hit areas: <\/strong>The Chinese finance ministry has earmarked over USD 33 bn from sovereign bonds to renovate infrastructure in areas affected by natural disasters, including climate-induced crisis. China has grappled with ultra-low temperatures in January, record rainfall, and a blistering hot summer, swings that scientists have attributed to climate change. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/china-allocates-33-bln-sovereign-bonds-disaster-hit-infrastructure-state-media-2023-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>VinFast + Marubeni ink agreement to recycle used EV batteries: <\/strong>Vietnamese EV maker <a target=\"_blank\" href=\"https:\/\/vinfastauto.com\/en\/\" style=\"\" rel=\"noopener\">VinFast<\/a> has signed an MoU to supply Japan\u2019s <a target=\"_blank\" href=\"https:\/\/www.marubeni.com\/en\/\" style=\"\" rel=\"noopener\">Marubeni Corporation<\/a> with used EV batteries that Marubeni will then repurpose into Battery Energy Storage Systems. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/vietnams-vinfast-agrees-deal-with-marubeni-recycle-used-ev-batteries-2023-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ap-moller\/\">AP Moller<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-mobility\/\">green mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81352\" 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=\"81352\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/ohio-state-university-researchers-leverage-ai-to-scout-for-white-hydrogen\/\">\r\n                            Ohio State University researchers leverage AI to scout for white hydrogen                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/ohio-state-university-researchers-leverage-ai-to-scout-for-white-hydrogen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3537.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81353\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/19\/ohio-state-university-researchers-leverage-ai-to-scout-for-white-hydrogen\/3537-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3537.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3537.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3537.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3537.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81352\" class=\"content-area-description single-story post-81352 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseclimate tag-low-carbon tag-morocco tag-oman tag-on-your-way-out tag-us tag-white-hydrogen 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\/12\/.8ea33b86-8c81-424e-b713-292b58913f62.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OSU students leverage AI to scout for white <\/strong><strong>hydrogen<\/strong><strong>: <\/strong>Researchers at the Byrd Polar and Climate Research Center of Ohio State University (OSU) have developed an artificial intelligence-based machine learning system to scour the world\u2019s geologic maps for naturally occurring hydrogen reservoirs, according to <a target=\"_blank\" href=\"https:\/\/news.osu.edu\/using-ai-to-pinpoint-hidden-sources-of-clean-energy-underground\/\" style=\"\" rel=\"noopener\">Ohio State News<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUNDSMART- What is white hydrogen? <\/strong>Geologic hydrogen \u2014 also known as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/27911b82-c45e-4070-8a96-92df2aff2788\" style=\"\" rel=\"noopener\">white hydrogen<\/a> \u2014 is believed to be produced deep underground through reactions between ultramafic and mafic rocks and anoxic water. The naturally-occurring hydrogen can be found in abundance in layers of continental and oceanic crusts, geysers, and hydrothermal systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the tech:<\/strong> By evaluating remote sensing data \u2014 which draws on geomorphic and spectral patterns \u2014 the AI can map out nearly invisible semicircular geological depressions (SCDs) in the planet\u2019s surface that indicate white hydrogen reservoirs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are challenges: <\/strong>White hydrogen reservoirs can be hidden by forest or agricultural activity and distinguishing hydrogen deposits from other circular land features \u2014 such as lakes or crop circles \u2014 remains an obstacle. Byrd Polar researchers used known sites to train the system and fused their machine learning with worldwide satellite imagery data to find SCDs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThe biggest challenge is that we need to find more SCDs and then really investigate how these things form,\u201d the project\u2019s lead investigator and associate professor of earth sciences at Ohio State Joachim Moortgat said. Recent discoveries of SCDs in the US, Mali, Namibia, Brazil, France and Russia have unveiled that they exist in greater numbers than previously thought, the news outlet notes. \u201cOnce we discover a lot more, we will be in a better position to again use AI tools to find similar ones worldwide,\u201d Moortgat noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>White hydrogen is already viable and MENA is showing interest:<\/strong> Last week, Morocco\u2019s National Bureau for Hydrocarbons and Minerals signed an agreement with an unnamed Swiss company to conduct 3D seismic surveys in the Southern and Eastern parts of the country in a bid to quantify Morocco\u2019s geologic hydrogen reserves. Oman\u2019s Energy and Minerals Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7e059efd-588a-4246-9ac5-531296d8fe03\" style=\"\" rel=\"noopener\">signed two MoUs<\/a> back in September with Eden GeoPower and Earth Sciences Consultancy Centre to conduct preliminary studies on exploring geological white hydrogen and identifying new sites for research.<\/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\/low-carbon\/\">low-carbon<\/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\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/white-hydrogen\/\">white hydrogen<\/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=\"81354\" 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\/12\/19\/81354\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81354\" class=\"content-area-description single-story post-81354 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\">DECEMBER 2023<\/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;\">, 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>8-10 January (Monday- Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgre-qa.org\/\" style=\"\">International Conference on Smart Grid and Renewable Energy<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar.<\/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 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;\">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>26-29 October (Monday-Thursday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/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=\"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>Taqa eyes stake in Greece-Cyprus interconnection project | BlackRock invests in UAE decarbonization firm | Wave energy tech from Morocco.<\/p>\n","protected":false},"featured_media":81334,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-81333","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2d365e5b-e09e-42fa-9673-f92070b55f5c","teaser":"Taqa eyes stake in Greece-Cyprus interconnection project | BlackRock invests in UAE decarbonization firm | Wave energy tech from Morocco.","photo_url":"https:\/\/ent.news\/2021\/12\/3243.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>Taqa is exploring acquiring stakes in a EUR 1.9 bn Greece-Cyprus interconnection project - Climate<\/title>\n<meta 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