{"id":83666,"date":"2024-04-22T00:00:00","date_gmt":"2024-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=83666"},"modified":"2025-12-15T10:40:48","modified_gmt":"2025-12-15T10:40:48","slug":"ksas-waja-group-is-looking-to-assemble-and-market-evs-in-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-waja-group-is-looking-to-assemble-and-market-evs-in-egypt\/","title":{"rendered":"KSA\u2019s Waja Group is looking to assemble and market EVs in Egypt"},"content":{"rendered":"<section id=\"83668\" 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=\"83668\">\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\/2024\/04\/22\/today-a-busy-ma-heavy-day-in-the-region\/\">\r\n                            TODAY: A busy M&amp;A heavy day in the region                        <\/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\/2024\/04\/22\/today-a-busy-ma-heavy-day-in-the-region\/\" 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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But first\u2026<\/p>\n<p class=\"tag-border-left\">OUR NEXT CONFERENCE IN CAIRO-<\/p>\n<p><a style=\"color:#29990b;text-decoration:underline;\" href=\"https:\/\/forum.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"max-width:758px;width:100%;display:block;margin:0 auto;\"  src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/221.jpg?w=758&#038;ssl=1\"><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors are falling in love with Egypt again\u2026<\/strong> Foreign investors we speak with (debt, equity, and strategic alike) have a growing appetite for Egypt. They\u2019re buying into local debt, eyeing promising shares, and committing bns of USD to both new ventures here and the growth of their existing businesses. They like the Egypt story that\u2019s taking shape after the float of the EGP, and its competitive advantages are clear to many of them: <strong>It\u2019s a massive consumer opportunity and a regional export hub of tomorrow.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>The Enterprise Optimism Forum 2024 will do exactly what it says on the tin: <\/strong>Spark conversations about a future that sees Saudi Arabia, Egypt, and the the UAE at the heart of a more vital Middle East economy \u2014 and provide an early, actionable roadmap for those who are \u201clong Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll be talking with you about the agenda over the coming couple of weeks.&nbsp;<\/strong>It features speakers from Egypt and abroad who are future-proofing their businesses and angling to capture tomorrow\u2019s opportunities \u2014 and who aren\u2019t afraid to answer some tough questions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/forum.enterprise.news\/\" style=\"\" rel=\"noopener\">*** Interested in attending? Tap or click here to let us know.<\/a><\/strong> Seating is limited. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Acwa Power, Irena partner on global renewable energy transition: <\/strong>Saudi renewable energy giant Acwa Power inked an agreement with International Renewable Energy Agency (Irena) to \u201cdrive the worldwide transition to renewable energy sources,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-partners-with-irena-to-spearhead-global-renewable-energy-transformation\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The two will look into how to \u201cmobilize finance and investment in renewable energy projects and support infrastructure, facilitating the development, storage, distribution, transmission, and consumption of renewables.\u201d They will also exchange data on necessary infrastructure investment for renewable energy, green hydrogen, solar and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER KSA NEWS- <\/strong><strong>Single-stock options (SSOs) on Saudi mining giant Ma\u2019aden\u2019s stock began trading yesterday<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/vVLLcsIwDPyV9tCjx8rbHN1XgAmFEAIkl4xJTJs2cQK4pJ9fAz0Aw6O91CetZuWVtMIxnuJYsHX-ymReCVYoHMV2YlEb9DaBvjvyNPDHjkfG_kiDjonHOMZxKmQt33AkWcaazyLh4g5WDP3AbVwv85SvmMhykXEVbZOCN7ugZMsPLncwlXsQaQSBiXTQzZuSsYyLjV5RpazgONqhOs0zHNm65XCSaYgwliJzrs3QzNBsxFPb0hyDtUzC8eRwHNJzbfBfqN_XHQvcMeD48rRH9RAMLPCfBz3DgyG4YP-uHs48elU_UBNH6g_nLIkqkXXOGxyKalkqB4M_rkixJw-9xA-fhkppb9NtwN1r_alzyd8Xi5iqm6iE5F8ST__lKCabvvd769OWo6zp3rsdjxrEdo4JJ7w_JJwwd0u44F5dlsQoURhOm2bEo-TRmwednN5-A1O696s!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The contracts will be cleared by the <a target=\"_blank\" href=\"https:\/\/www.tadawulgroup.sa\/wps\/portal\/tadawulgroup\/portfolio\/muqassa\" style=\"\" rel=\"noopener\">Securities Clearing Center Company (Muqassa)<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f8d15825-5683-4d6d-9604-71e4734fc78c\/single-stock-options-hit-tadawul\" style=\"\" rel=\"noopener\">Tadawul launched<\/a> SSOs in November as its third derivatives product.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s this SSO of which you speak? <\/strong>The instrument allows investors to hedge their equity portfolios \u2014 and traders to speculate on whether the underlying asset.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- <\/strong><strong>Egypt's<\/strong><strong> private sector eyes renewables for its operations: <\/strong>Twenty private companies in Egypt have expressed interest in implementing renewable energy projects using the P2P (Private to Private) system, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3ifwz\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reported on Thursday, citing sources from the Electricity Ministry. This initiative is part of the first phase of involving the private sector in Egypt's transition to a competitive electricity market. The Egyptian Electric Utility and Consumer Protection Regulatory Authority has approved the regulations for the P2P mechanism and there is strong demand from companies to start projects within the current year, with some aiming to implement projects exceeding 1 GW over two years with investments of over a USD 1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The interested companies include Infinity, Scatec, Alcazar, AMEA Power, EDF, El Sewedy, Enara, and KarmSolar, the report adds. Officials from these companies say they have reached preliminary agreements with fertilizer, ceramic, and cement factories to supply them with electricity from renewable sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3-<\/strong><strong>Iraq plans to enact renewable energy law: <\/strong>The Iraqi Parliament's Electricity and Energy Committee is discussing moving ahead with its Renewable Energy Regulation Bill, according to a <a target=\"_blank\" href=\"https:\/\/iq.parliament.iq\/blog\/2024\/04\/16\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D9%86%D8%A7%D9%82%D8%B4-%D8%AA%D9%82%D8%B1%D9%8A%D8%B1%D9%87%D8%A7-%D8%AD%D9%88%D9%84-%D9%85\/\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The Parliament meeting aimed to establish a legal framework for electricity production, address climate change in line with international commitments, and promote sustainable development. The committee recommended proceeding with the bill's legislative process and expressed readiness to receive further input from Council members.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the law: <\/strong>The <a target=\"_blank\" href=\"https:\/\/iq.parliament.iq\/blog\/2024\/03\/11\/%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%88%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%AA%D9%88%D8%B5%D9%8A-%D8%A8%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9-%D9%82%D8%A7%D9%86\/\" style=\"\" rel=\"noopener\">new law<\/a> aims to develop and improve Iraq's renewable energy sector, enhance energy efficiency, and consider the establishment of a national emissions trading company linked to the Renewable Energy and Energy Efficiency Regulatory Authority. Last month, the committee reviewed contributions from advisory bodies, including various ministries and committees, and recommended expediting the legislation process according to the legal protocols of the Council of Representatives, emphasizing the urgency of its enactment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- Iraq aims to sign 3.7 GW in renewables contracts this year: <\/strong>Iraq is planning to ink agreements to establish <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9b5a069a-c0a0-4e3b-ad80-a1b37cd6737f\/today:-tabreed-on-track-to-issue-usd-1-bn-bond-%2B-sukuk-this-year\" style=\"\" rel=\"noopener\">3.7 GW of renewable energy<\/a> by year end. The country has already signed three agreements to generate 2.4 GW of renewable energy, 500 MW of which should be operational by summer. The country is also tapping Saudi's Acwa Power for a 1 GW project in Najaf city, and UAE's Masdar for another 1 GW project in its western regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#4- \u201cReality&nbsp;<\/strong><strong>check\u201d needed on fossil fuel phaseout, JP Morgan says: <\/strong>The world needs a \u201creality check\u201d about its transition away from fossil fuels as it may take much longer than anticipated to achieve net zero targets, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/352b38a7-f298-4b54-adc2-f4cc1b17444b\" style=\"\" rel=\"noopener\">The Financial Times<\/a> writes, citing a recent global energy report sent by JP Morgan to clients. The recent shift in the macroeconomic environment necessitates a reevaluation, as the estimated annual cost of USD 3 tn to USD 4 tn for the energy transition is now set against a backdrop of increased government debt and structural changes in geopolitics, JP Morgan\u2019s head of global energy strategy Christyan Malek says in the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Things aren\u2019t going according to plan:<\/strong> The transition to renewable energy should be measured in decades or generations \u2014 not years \u2014 due to insufficient returns on investment in renewables and the potential for social unrest if energy prices surge, JP Morgan argues. Energy consultancy Wood Mackenzie has made similar warnings, saying that higher interest rates will make the net zero transition more difficult and costly, which will particularly affect renewables and nuclear power due to their high capital intensity and low returns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But not everyone agrees: <\/strong>Despite JP Morgan\u2019s warnings, Rocky Mountain Institute energy strategist Kingsmill Bond says that renewable energy \u201cis much cheaper and more efficient than fossil fuel energy, which is why almost all electricity generation capacity now being built is solar or wind.\u201d Bond argues that energy infrastructure spending is expected to grow annually by only 2%, as funds are increasingly redirected from oil and gas ventures toward renewable projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>WB<\/strong><strong> locks in USD 11 bn in climate pledges: <\/strong>The World Bank Group (WB) has received a total of USD 11 bn for its new financial instruments: the <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2024\/04\/11\/new-guarantee-platform-delivers-efficiency-simplicity-to-boost-impact\" style=\"\" rel=\"noopener\">Portfolio Guarantee Platform<\/a>, hybrid capital mechanism, and the new Livable Planet Fund, according to a <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2024\/04\/19\/new-financing-tools-receive-major-funding-boost?intcid=ecr_hp_headerB_2024-04-19-ContributorsPR\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. Countries including Belgium, France, Japan, and the US have contributed to the Portfolio Guarantee Platform while the UK, Denmark, Germany and others committed to hybrid capital, which offers shareholders and partners a chance to invest in bonds with unique leveraging potential. Pledges allocated to both instruments could generate up to USD 70 bn over the next decade. Japan has also made the first contribution to the Livable Planet Fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more: <\/strong>The World Bank Group has enacted a set of reforms and introduced creative financial tools as part of the review of the Capital Adequacy Framework, as suggested by the G20 Expert Group, according to the statement. These include modifying the loan-to-equity ratio to unlock USD 40 bn from the <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/who-we-are\/ibrd\" style=\"\" rel=\"noopener\">International Bank for Reconstruction and Development<\/a> balance sheet over the next decade and increasing the bilateral guarantee limit by USD 10 bn. It will also publish a comprehensive report for rating agencies to better evaluate its value and the Bank\u2019s financial strength to maximize the benefits of callable capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the initiatives:<\/strong> The Portfolio Guarantee Platform will provide a shared approach to risk, making World Bank financing more accessible. The Livable Planet Fund will enable contributions from governments, philanthropies, and other partners to encourage cross-border cooperation and address shared challenges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>The <\/strong><strong>US is set to introduce new guidelines for carbon offsets to bolster market <\/strong><strong>confidence and ensure genuine emissions reductions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/us-launch-carbon-offset-guidelines-boost-integrity-2024-04-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing US top climate diplomat John Podesta. The guidelines will require \u201creal, additional, permanent emissions reductions.\u201d Companies will be encouraged to prioritize direct emission reductions over purchasing offsets. This initiative follows the Energy Transition Accelerator (ETA) program launched in 2022 to aid developing countries in the clean energy transition through private finance. The Center for Climate and Energy Solutions (C2ES) will serve as the ETA secretariat and former secretary of state John Kerry will act as the advisory group chair. \"If we do not mobilize the private sector we do not win this (climate) battle,\" Kerry said. \"We need high quality carbon markets to drive action.\"<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><strong>US to impose tariffs on Chinese solar panels:<\/strong> The US is reportedly planning to reverse a two-year-old tariff exemption on a dominant solar panel technology from China and other countries, in response to a request by South Korea's photovoltaic cell manufacturer Hanwha Qcells, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-plans-restore-tariffs-dominant-solar-technology-sources-say-2024-04-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing sources close to the White House. The request aims to protect Hanwha Qcells' USD 2.5 bn expansion of its US solar manufacturing presence from competition by cheaper Asian-made products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good news for US manufacturers: <\/strong>Duties on imports of bifacial panels, which are crucial for utility-scale solar projects, could benefit the growth of over 40 solar equipment factories planned in the US since the country\u2019s Inflation Reduction Act was enacted in 2022, according to Reuters. Solar manufacturers like US-based First Solar have seen their shares go up following the news. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone supports the tariffs: <\/strong>The move has sparked division within the US solar industry, with some installers and developers advocating for the exemption to support cheaper imports and keep project costs from rising, the newswire writes. The Solar Energy Industries Association has recommended boosting the quota of tariff-free imported solar cells to aid companies in assembling American-made panels.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<br \/><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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\" rel=\"noopener\">Connecting Green Hydrogen MENA<\/a><\/strong><strong> event from Tuesday, 23 <\/strong><strong>April to Thursday, 25 April<\/strong> in Dubai. The event will explore green hydrogen partnerships, policies, and practices in the region, in parallel to a showcasing of the latest in the clean fuel\u2019s technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.omansustainabilityweek.com\/\" style=\"\" rel=\"noopener\">Oman Sustainability Week<\/a><\/strong><strong> from Sunday, 28 April to Thursday, <\/strong><strong>2 May <\/strong>in Muscat. The event will focus on exploring investment opportunities and implementing best practices in sustainability within the energy, water, and environmental sectors.<\/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:\/\/swforum.sa\/?lang=en\" style=\"\" rel=\"noopener\">Saudi Water Forum<\/a><\/strong><strong> from Monday, 29 April to Wednesday, 1 <\/strong><strong>May<\/strong> in Riyadh. The forum will facilitate dialogue among water sector leaders, experts, and stakeholders to address challenges and share expertise. It will feature presentations by key entities in the water industry focusing on integrated solutions, showcasing successful water projects, and promoting investment opportunities for sector development.<\/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>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/irena\/\">IRENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83670\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83671\" 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=\"83671\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/ksas-waja-group-is-looking-to-assemble-and-market-evs-in-egypt\/\">\r\n                            KSA\u2019s Waja Group is looking to assemble and market EVs in Egypt                        <\/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\/2024\/04\/22\/ksas-waja-group-is-looking-to-assemble-and-market-evs-in-egypt\/\" 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\/2024\/04\/22\/ksas-waja-group-is-looking-to-assemble-and-market-evs-in-egypt\/')\">\n 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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1430.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1430.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1430.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83671\" class=\"content-area-description single-story post-83671 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-egypt tag-electric-vehicles tag-enterpriseclimate tag-evs tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.3fb33bba-cf23-411f-85fc-82b8bec67171.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/waja.com.sa\/en\/home\/\" style=\"\" rel=\"noopener\">Waja Group<\/a><\/strong><strong> is setting out to manufacture EVs in Egypt<\/strong> under a framework agreement signed with the Egyptian government-owned automaker Arab Organization for Industrialisation (AOI), according to two separate statements <a target=\"_blank\" href=\"https:\/\/waja.com.sa\/en\/waja-has-signed-a-strategic-agreement-with-the-arab-organization-for-industrialization-to-launch-a-joint-venture-in-egypt\/\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.aoi.org.eg\/en\/news\/cooperation-of-the-aoi-and-the-saudi-waja-company-to-create-a-joint-venture-company-to-manufacture-electric-cars\" style=\"\" rel=\"noopener\">here<\/a>. <strong>This appears to be Waja\u2019s first venture in Egypt. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we don\u2019t know: <\/strong>There\u2019s no publicly available information about the size, ownership split, brand portfolio, or production plans of the JVs. Waja boasts a portfolio of three companies working in the construction, communication, and IT sectors, but it is unclear how its expertise will be laverged within the scope of this project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement will see the business partners launch a new JV to produce, sell and <\/strong><strong>market EVs<\/strong> for local consumption \u201cat competitive market prices,\u201d in Egypt along with a focus on potential exports to other Arab and African countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first phase of manufacturing will unfold at one of AOI\u2019s existing factories in Egypt<\/strong>, and phase two is set to kick off once the JV\u2019s new facility is ready to go online.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The AOI assembles Jeep vehicles and produces everything from home appliances to license plates, plastic and woven products. It is also involved in megaprojects including Egypt\u2019s railway upgrade and water treatment plants.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83673\" 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=\"83673\">\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\/2024\/04\/22\/taqas-naturgy-bid-could-hit-resistance-in-spain-algeria-reports-suggest\/\">\r\n                            Taqa\u2019s Naturgy bid could hit resistance in Spain + Algeria, reports suggest                        <\/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\/2024\/04\/22\/taqas-naturgy-bid-could-hit-resistance-in-spain-algeria-reports-suggest\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Taqa%E2%80%99s+Naturgy+bid+could+hit+resistance+in+Spain+%2B+Algeria%2C+reports+suggest+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F04%2F22%2Ftaqas-naturgy-bid-could-hit-resistance-in-spain-algeria-reports-suggest%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\/2024\/04\/22\/taqas-naturgy-bid-could-hit-resistance-in-spain-algeria-reports-suggest\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1075.JPG?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83674\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/taqas-naturgy-bid-could-hit-resistance-in-spain-algeria-reports-suggest\/1075-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1075.JPG?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1075.JPG\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1075.JPG?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1075.JPG?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83673\" class=\"content-area-description single-story post-83673 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi-national-energy-company tag-enterpriseclimate tag-ma-watch 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\/2024\/4\/.8a8210a7-0650-40de-8032-dc9ea0c14e55.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Spain and Algeria throw a wrench in Taqa\u2019s potential Naturgy takeover?<\/strong> The Spanish and Algerian governments are each considering potentially blocking or otherwise negotiating more preferential terms for Abu Dhabi National Energy Company\u2019s (Taqa) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e34b335b-20b6-4bc6-a26b-ee9f98d2aea2\/uae%25e2%2580%2599s-taqa-in-talks-for-potential-takeover-of-spanish-energy-player%253cmark%253e-naturgy%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">potential acquisition<\/a> in Spanish gas producer and renewable energy player Naturgy, according to separate reports from Spain\u2019s <a target=\"_blank\" href=\"https:\/\/www.eldebate.com\/economia\/20240420\/jugada-moncloa-entrar-naturgy-facilitando-llegada-arabes_190621.html\" style=\"\" rel=\"noopener\">El Debate<\/a> and Algerian newspaper <a target=\"_blank\" href=\"https:\/\/www.echoroukonline.com\/a-possible-algerian-uae-clash-over-the-spanish-naturgy\" style=\"\" rel=\"noopener\">Echorouk El Yawmi<\/a> over the weekend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spain is considering its options:<\/strong> Spain\u2019s S\u00e1nchez government is reportedly looking to \u201cfacilitate\u201d Taqa\u2019s takeover bid for 100% of Naturgy, on the condition that Taqa would then sell back 10-15% of the company to the Spanish government, El Debate reports, citing sources it says have firsthand knowledge of the matter. The government is reportedly looking to ensure it maintains a stake in Naturgy, which it considers to be a \u201cstrategic company\u201d since it is Spain\u2019s main gas supplier, El Debate says. If the government is unable to reach an agreement to that effect, it could move to block the transaction altogether, according to El Debate\u2019s sources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enter the \u201canti-takeover shield\u201d:<\/strong> Spain introduced legislation <a target=\"_blank\" href=\"https:\/\/www.perezllorca.com\/wp-content\/uploads\/2021\/11\/Special-information-briefing-on-covid-19-n38-new-royal-decree-law-extending-economic-measures-to-support-economic-recovery.pdf\" style=\"\" rel=\"noopener\">back in 2020 (pdf)<\/a> introducing a system known as the \u201canti-takeover shield\u201d that granted the government the right to veto foreign investors\u2019 acquisitions of companies deemed to be \u201cstrategic.\u201d The regulation applies to the acquisition of a stake of 10% or more of listed companies, or acquisitions valued at EUR 500 mn or more for unlisted companies. The rules were initially introduced during covid-19, when foreign investors were vying for acquisitions to capitalize on market volatility that saw company valuations plummet, according to <a target=\"_blank\" href=\"https:\/\/chambers.com\/articles\/a-legislation-update-on-foreign-investment-in-spain-2\" style=\"\" rel=\"noopener\">Chambers and Partners<\/a>. With these rules in place, the Spanish government has the authority to block Taqa\u2019s takeover bid for Naturgy, El Debate explains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- Spanish protectionism is on display right now<\/strong> as the government there looks to ensure Saudi telecom operator Stc doesn\u2019t become the largest single shareholder in mobile network outfit Telefonica, <a target=\"_blank\" href=\"http:\/\/enterprise.news\/ksa\/en\/news\/story\/36df35ca-d3e7-412f-8176-026b0812558a\/spanish-gov%e2%80%99t-ups-stake-in-telefonica-in-bid-to-counter-stc-%e2%80%94-just-as-housing-minister-al-hogail-lands-in-town\" style=\"\" rel=\"noopener\">EnterpriseAM Saudi<\/a> has reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Algeria is reportedly also not too keen on the agreement<\/strong>, and could move to block the transaction, Echorouk says, without providing further details. Algerian state-owned oil company Sonatrach holds a 4.1% stake in Naturgy and is a major international partner of the Spanish energy company. Naturgy purchases Algerian gas, which is transported through the Medgaz pipeline from Algeria\u2019s Beni Saf to the South of Spain. Sonatrach holds a 51% stake in the pipeline, with Naturgy holding the remaining balance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Taqa is in discussions with Naturgy\u2019s two largest shareholders \u2014 CVC and GIP \u2014 to potentially acquire their stakes in the Spanish company. The company confirmed it is discussing \u201ca potential cooperation in relation to Naturgy\u201d with the company\u2019s largest shareholder, Criteria Caixa last week. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/abu-dhabi-national-energy-company\/\">Abu Dhabi National Energy Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    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href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83676\" 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=\"83676\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/its-been-a-busy-week-for-masdar-in-the-eu\/\">\r\n                            It\u2019s been a busy week for Masdar in the EU                        <\/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\/2024\/04\/22\/its-been-a-busy-week-for-masdar-in-the-eu\/\" 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 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data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/its-been-a-busy-week-for-masdar-in-the-eu\/2203-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2203.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2203.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2203.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2203.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83676\" class=\"content-area-description single-story post-83676 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-debt-watch tag-enterpriseclimate tag-investment-watch tag-masdar tag-renewables tag-wind-energy 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\/2024\/4\/.583c0cda-47f2-4140-9e9b-f26f2f1f88ce.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar + Hidroelectrica to jointly invest EUR 1.5 bn in new renewables projects:<\/strong> UAE renewables giant Masdar and Romanian state-owned utility company <a target=\"_blank\" href=\"https:\/\/www.hidroelectrica.ro\/\" style=\"\" rel=\"noopener\">Hidroelectrica<\/a> agreed to form a joint venture to develop solar and energy storage projects, extending their partnership by three years, Hidroelectrica said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/hidroelectricaoficial\/posts\/pfbid0wu9SHcfgPCoHaW8zH9Fx4tLvveJeS4wBAUDkbr6aqz8m9gPUrmviet9ws5Wc82kFl\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In detail:<\/strong> The JV \u2014 set to be registered by the end of June \u2014 will see the two companies collaborating on the development of onshore and floating solar projects and battery energy storage systems in Romania for three years, with an investment of EUR 1.5 bn, Romanian Energy Minister Sebastian Burduja <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/tianu\/posts\/pfbid023F5rgnc56YJABBMZRESXqbxA5GiZjTe4K4trVPggG5WD6bhzoBFEkUXnmFN1WEtol?__cft__[0]=AZVYytXhSCmWx_ton5BFFlXpg8LbfAxjherxnIbg9ZsICKIF7qxWMpFQ0qvNlmXmzAVMr-TDzRRph7gZfjOEC0gl7yhSMAcIeaHbhGRVJbxrAqiYJTmLM-fA95Jvd9xo5DMJkkCya93z4JTjlpweaPnTF6H-W6IZOHdHOHLVHqybed93e7eaN9z_gpSGHjX_tiia6MuVKZMFRpXwG3B8etSYLX9Y_F1GKEi9jwKydpzQrw&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">said<\/a>. The JV\u2019s pilot project will see Masdar develop floating solar plants on seven reservoirs in the middle and downstream sections of the Olt river in Romania, Hidroelectrica CEO Borb\u00e8ly K\u00e0roly is quoted as saying by <a target=\"_blank\" href=\"https:\/\/balkangreenenergynews.com\/hidroelectrica-masdar-to-set-up-joint-venture-for-2-gw-in-romania\/\" style=\"\" rel=\"noopener\">Balkan Green Energy News<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership of the JV will be split 50-50 between Masdar and Hidroelectrica<\/strong>, K\u00e0roly reportedly said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership could venture beyond Romania:<\/strong> With the extension of the JV, the firms agreed to explore potential business in other renewable energy segments \u2014 including wind power \u2014 and implement them in other countries outside Romania, K\u00e0roly said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firms might potentially extend the JV for another term<\/strong> if it proposes final investment decisions for a total of at least 2 GW in greenfield or brownfield projects, according to the news outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Masdar signed a joint cooperation agreement in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3ea00e9d-a582-4407-b935-921f599dc5ef\/masdar-and-romania%25e2%2580%2599s%253cmark%253e-hidroelectrica%253c%2Fmark%253e-partner-on-wind-energy-and-solar-energy-projects\" style=\"\" rel=\"noopener\">March last year<\/a> with Hidroelectrica to deploy offshore wind energy and floating solar energy projects totalling 2 GW in Romania. <\/p>\n<p class=\"tag-border-left\">MORE FROM THE EU FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK gives Masdar\u2019s offshore wind project the green light: <\/strong>The UK granted Masdar, Equinor, and China Resources Power development consent for the <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/renewables\/our-projects\/dudgeon-extension\" style=\"\" rel=\"noopener\">Dudgeon Extension<\/a>, an expansion of the existing 402 MW Dudgeon offshore wind project, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/development-consent-granted-for-uk-dudgeon-extension-project\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The approval allows for adding up to 30 offshore wind turbines and foundations. The financial ticket and timeline have not been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background on the Dudgeon project<\/strong><strong>:&nbsp;<\/strong>Inaugurated in 2017, the GBP 1.25 bn <a target=\"_blank\" href=\"https:\/\/dudgeonoffshorewind.co.uk\/\" style=\"\" rel=\"noopener\">wind farm<\/a> was developed and co-owned by Equinor (35%), Masdar (35%), and Statkraft which then <a target=\"_blank\" href=\"https:\/\/www.statkraft.com\/newsroom\/news-and-stories\/2017\/statkraft-sells-30-per-cent-share-in-dudgeon-offshore-wind-farm\/\" style=\"\" rel=\"noopener\">sold its 30% stake<\/a> in the project to China Resources Power. Equinor <a target=\"_blank\" href=\"https:\/\/dudgeonoffshorewind.co.uk\/extensionproject\/planning-consenting\" style=\"\" rel=\"noopener\">applied for the Development Consent Order (DCO)<\/a> for the farm\u2019s expansion back in September 2022. The extension project was chosen as a Pathfinder project \u2014 selected on the basis of its goal for coordinated offshore transmission development and the capacity to use an integrated transmission system, the statement adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s a Pathfinder project? <\/strong>The <a target=\"_blank\" href=\"https:\/\/eic.ec.europa.eu\/eic-funding-opportunities\/eic-pathfinder_en\" style=\"\" rel=\"noopener\">EIC Pathfinder<\/a> is a funding programme under Horizon Europe that offers support to R&amp;D teams, funding research to develop the scientific basis to underpin breakthrough technologies. The programme supports the earliest stages of scientific, technological, or deep-tech R&amp;D.<\/p>\n<p class=\"tag-border-left\">IN DEBT WATCH NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The renewables giant is planning to take a green bond issuance worth between USD 750 mn and <\/strong><strong>1 bn to market <\/strong><strong>this year to secure funding for its global renewable projects<\/strong>, Masdar Director of Corporate Finance and Treasury Bruce Johnson told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/04\/17\/masdar-plans-to-raise-up-to-1bn-through-green-bond-sale-this-year\/\" style=\"\" rel=\"noopener\">The National<\/a> last week. The company intends to use the proceeds from the issuance to finance projects in Central Asia, specifically in Uzbekistan and Azerbaijan. This comes as part of a USD 3 bn bonds program aimed at funding clean energy initiatives in the UAE and globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This would mark the company's second green bond issuance<\/strong>, after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e06471aa-d27b-4f1a-b198-708557ab04a3\/masdar-draws-massive-interest-in-debut-green-bonds-sale,-securing-usd-4.2-bn-in-demand\" style=\"\" rel=\"noopener\">raising USD 750 mn last year<\/a> in its debut green bond sale, which it listed on both the London Stock Exchange and the ADX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is there more where that came from? <\/strong>\u201cThe reason why you can expect that we will do another issuance this year, and in future years, is because we have a very strong pipeline of new greenfield projects around the world,\u201d Johnson said. \u201cThese projects are at an advanced stage of development and we are committed to meeting their equity funding needs with the proceeds of our green bonds.\u201d <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83678\" 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=\"83678\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/ihc-arm-has-its-eyes-on-another-zambia-mine-acquisition\/\">\r\n                            IHC arm has its eyes on another Zambia mine acquisition                        <\/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\/2024\/04\/22\/ihc-arm-has-its-eyes-on-another-zambia-mine-acquisition\/\" 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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IRH has presented a non-binding offer to acquire London-based mining company Vedanta Resources' 51% stake in the mines, Reuters says, with talks still ongoing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IHC is doubling down on securing critical metal supplies from Africa:<\/strong> The natural resources extractive company snagged a 51% stake in Zambia\u2019s <a target=\"_blank\" href=\"https:\/\/mopani.com.zm\/\" style=\"\" rel=\"noopener\">Mopani Copper Mines<\/a> for USD 1.1 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/296cdee4-0fa9-4cf9-96d5-54ec57b399b0\/international-resources-holding-completes-mopani-copper-mines-in-zambia-acquisition\" style=\"\" rel=\"noopener\">last month<\/a>. IRH is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/482e41b3-3619-4bbd-95ac-21dfbd9c9c4d\/\" style=\"\" rel=\"noopener\">also reportedly looking<\/a> to bid for private equity player EMR Capital's 80% stake in Zambia\u2019s Lubambe Copper Mine. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stop in the tracks? <\/strong>Vedanta \u2014 which owns an 80% stake in KCM \u2014 is considering retaining its majority ownership of the Zambian copper field, owing to its longstanding desire to retain the assets under its belt, the sources said. The company hired Standard Chartered to seek investors with a minority interest in KCM, as opposed to IRH\u2019s aim for a controlling stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not entirely off the table: <\/strong>Vedanta is looking to raise USD 1 bn over five years for a Konkola-based deep mining project and USD 300 mn to settle local debts, which might make it look favorably to IRH\u2019s bid. In 2019, the company entered into legal disputes with the Zambian government, which ended with its forced liquidation of KCM, a capital shortage and near operational standstill. Vedanta only recently gained back ownership of the copper assets in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/zambia-agrees-hand-disputed-copper-assets-back-indias-vedanta-2023-09-05\/\" style=\"\" rel=\"noopener\">last September<\/a> after pledging to invest USD 1 bn in Zambia.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"83680\" 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=\"83680\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/ksas-manara-eyes-first-quantums-copper-mines-stake\/\">\r\n                            KSA\u2019s Manara eyes First Quantum\u2019s copper mines stake                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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1323.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1323.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1323.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83680\" class=\"content-area-description single-story post-83680 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-ma-watch tag-manara tag-mining tag-saudi-arabia 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\/2024\/4\/.4028700e-303d-4da2-89cc-3054e9540b53.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.manaraminerals.com\/\" style=\"\" rel=\"noopener\">Manara Minerals Investment<\/a><\/strong><strong> \u2014 backed by Saudi sovereign fund the Public Investment <\/strong><strong>Fund \u2014 is eying a stake in Zambia's <\/strong><strong><a target=\"_blank\" href=\"https:\/\/first-quantum.com\/\" style=\"\" rel=\"noopener\">First Quantum Minerals<\/a><\/strong><strong> copper mines<\/strong> Sentinel and Kansanshi, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-18\/saudis-rio-and-japanese-said-to-pursue-first-quantum-mines\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing sources it said are familiar with the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global interest: <\/strong>The UK\u2019s <a target=\"_blank\" href=\"https:\/\/www.riotinto.com\/\" style=\"\" rel=\"noopener\">Rio Tinto<\/a> and Japan\u2019s trading houses <a target=\"_blank\" href=\"https:\/\/www.mitsui.com\/jp\/en\/index.html\" style=\"\" rel=\"noopener\">Mitsui<\/a> and <a target=\"_blank\" href=\"https:\/\/www.sumitomocorp.com\/en\/global\" style=\"\" rel=\"noopener\">Sumitomo<\/a> are also considering acquiring a stake in the mines. Chinese state-owned <a target=\"_blank\" href=\"http:\/\/en.jxcc.com\/\" style=\"\" rel=\"noopener\">Jiangxi<\/a> Copper, First Quantum\u2019s second-biggest shareholder, also held talks with the company earlier this year to offload a stake in the mines, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/first-quantum-talks-with-jiangxi-copper-sale-stake-zambian-mines-source-2024-01-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported at the time. The interest in the mines is driven by the anticipated surge in demand for copper, which is essential for EVs and renewable energy infrastructure, Bloomberg adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the mines: <\/strong>First Quantum owns 100% of the Sentinel mine and 80% of the Kansanshi mine, and Zambia\u2019s government owns the rest of the latter, according to Reuters. The mines could be valued at USD 6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A USD 1 BN INVESTMENT IN PAKISTAN?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Manara is also said to be close to a USD 1 bn investment in Barrick Gold\u2019s Reko Diq copper and gold mining project in Pakistan<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-18\/saudi-arabia-moves-closer-to-1-billion-barrick-pakistan-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. A preliminary agreement could be made public in a matter of weeks. The news comes after recent discussions between Crown Prince and Prime Minister Mohammed bin Salman and Pakistani Prime Minister Shehbaz Sharif and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/86181c14-d257-4ee0-be94-cc4786f751e0\/today:-acwa-secures-more-financing-for-uzbek-solar-%2B-uae%25e2%2580%2599s-taqa-might-takeover-spain%25e2%2580%2599s-naturgy\" style=\"\" rel=\"noopener\">a visit to Pakistan<\/a> by Foreign Minister Prince Faisal bin Farhan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Saudi was reportedly looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3b43c9c8-d93b-4de6-b485-ddbf60296a5c\/today:-tabreed%25e2%2580%2599s-pilot-project-using-new-tech-for-district-cooling-is-a-success\" style=\"\" rel=\"noopener\">snap up stakes<\/a> in the mines last November. Barrick said back in July it was open to selling shares to a Saudi company and started talks earlier this month. Emirati consulting firm RB&A is advising Pakistan on the sale and will value the state\u2019s stake by the end of December, suggesting a transaction may be unlikely before then.<\/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 copper-gold mine is 50% owned by Canadian mining firm Barrick Gold, which in August said it could invest as much as USD 10 bn to tap into the project\u2019s full potential. Pakistan\u2019s government and the state of Balochistan own the remainder of the mine\u2019s shares. The Reko Diq project, located in the Balochistan region, is expected to start production in 2028, Bloomberg reported.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/manara\/\">Manara<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83682\" 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=\"83682\">\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\">DESALINATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/we-have-more-details-on-algerias-six-new-solar-powered-desalination-plants\/\">\r\n                            We have more details on Algeria\u2019s six new solar-powered desalination plants                        <\/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\/2024\/04\/22\/we-have-more-details-on-algerias-six-new-solar-powered-desalination-plants\/\" 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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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83683\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/we-have-more-details-on-algerias-six-new-solar-powered-desalination-plants\/198-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/198.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"198.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/198.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/198.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83682\" class=\"content-area-description single-story post-83682 post type-post status-publish format-standard has-post-thumbnail hentry category-desalination tag-algeria tag-desalination tag-enterpriseclimate 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\/2024\/4\/.8d503726-9c2e-44ec-b32a-03506e420e80.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Algerian Energy Company plans to break ground on six solar-powered <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9c291f1f-a869-46bb-8f24-dcf95c1fa210\/today:-the-uae-is-getting-a-usd-3.2-bn-battery-gigafactory-%2B-more-sustainable-water-infrastructure-on-tap-for-ksa\" style=\"\" rel=\"noopener\">seawater desalination plants<\/a><\/strong><strong> next year<\/strong>, Director General Mohamed Boutaba told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/62797\/%D8%A7%D9%84%D8%AC%D8%B2%D8%A7%D8%A6%D8%B1-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%AA%D8%B4%D9%8A%D9%8A%D8%AF-6-%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D8%AA%D8%AD%D9%84%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%B4%D9%85%D8%B3%D9%8A%D8%A9-%D9%81%D9%8A-2025\/\" style=\"\" rel=\"noopener\">Al Sharq Business<\/a> last Thursday. The plants will boast a production capacity of 1.8 mn cubic meters a day, according to the outlet. The use of solar energy to power the plants will reduce the costs of operation by around 30%. The plants are set to become operational between 2027 and 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> Once all plants are operational \u2014 in addition to another five currently being built with a capacity of 1.5 mn cubic meters per day set to launch in December \u2014 Algeria\u2019s water production capacity is expected to rise to 5.4 mn cubic meters per day in 2028 to meet 60% of the country\u2019s drinking water needs at subsidized prices, Boutaba added. The country has invested USD 4.5 bn in its desalination sector to address water scarcity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Algeria\u2019s answer to the water crisis: <\/strong>Climate change induced droughts are leading to a water crisis in Algeria, and water demand is set to increase to 12.9 bn cubic meters by 2030 as the population grows. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/desalination\/\">DESALINATION<\/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=\"83684\" 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=\"83684\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/uae-signs-cepa-agreements-with-columbia-and-costa-rica\/\">\r\n                            UAE signs CEPA agreements with Columbia and Costa Rica                        <\/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\/2024\/04\/22\/uae-signs-cepa-agreements-with-columbia-and-costa-rica\/\" 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 countries\u2019 trade hit an all-time high of USD 53.1 mn in 2023, with the two countries cooperating in a variety of sectors, including renewable energy, aviation, hydrogen, freezones, and AI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With <\/strong><strong>an eye on big green funds:<\/strong> Colombia aims to reel in USD 600-700 mn in investments in sectors including green hydrogen and the digital economy, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2qhfnz-colombia-eyes-us700mn-investments-green-hydrogen\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday, citing Columbia\u2019s Trade, Industry, and Tourism Minister Germ\u00e1n Mendoza. The agreement aims to bolster trade and services between Colombia and the UAE by eliminating or reducing tariffs on most products and removing unnecessary trade barriers. The agreement should also enable the adoption of biodiversity standards and focus on nature reserves.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE also inked a CEPA agreement with Costa Rica: <\/strong>The UAE and Costa Rica have signed a Comprehensive Economic Partnership Agreement (CEPA) agreement to boost bilateral trade and investments, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/it\/article\/b2pw05b-uae-costa-rica-inaugurate-new-trade-investment-era\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. The CEPA aims to eliminate tariffs, reduce trade barriers, and promote the exchange of goods, capital, and ideas to foster cooperation in the private sector. The CEPA provides the UAE with enhanced market access, making 98% of tariff lines duty-free or with reduced tariffs for sectors including aluminum, polyethylene, and heavy machinery. It also opens up opportunities for Emirati service providers in the Costa Rican market across numerous sectors like renewable energy, food security, education, and manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><strong>The UAE is looking to boost ties with <\/strong><strong>Uzbekistan across the energy, renewable energy, infrastructure, and transport sectors<\/strong>, Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei said during a high-level visit to Uzbekistan, <a target=\"_blank\" href=\"https:\/\/wam.ae\/a\/b2qhfwr\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Al Mazrouei met with senior Uzbek officials, including the foreign minister, investment minister and deputy prime minister. The <a target=\"_blank\" href=\"https:\/\/www.taqa.com\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Energy Company (Taqa)<\/a> is considering investing in renewable energy projects in Uzbekistan, Al Mazrouei also said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/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=\"83686\" 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=\"83686\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/alkhorayef-to-develop-and-rehabilitate-four-sewage-treatment-plants\/\">\r\n                            Alkhorayef to develop and rehabilitate four sewage treatment plants                        <\/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 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<\/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\/2024\/04\/22\/alkhorayef-to-develop-and-rehabilitate-four-sewage-treatment-plants\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1449.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83687\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/alkhorayef-to-develop-and-rehabilitate-four-sewage-treatment-plants\/1449-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1449.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1449.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1449.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1449.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83686\" class=\"content-area-description single-story post-83686 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-algeria tag-also-on-our-radar tag-enterpriseclimate tag-eu tag-recycling tag-saudi-arabia 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\/2024\/4\/.21b6368a-0c87-4661-a059-e2fa15f72cc2.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">WATER TREATMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alkhorayef <\/strong><strong>bags O&amp;M contracts for sewage treatment plants: <\/strong>Alkhorayef Water and Power Technologies signed SAR 1.7 bn long-term operation and maintenance contracts with the National Water Company for four sewage treatment plants, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_fboIwFMZfZT5BDxoKu8SRIQsqiH-5MbV0SCKUlELmnn6tmDjdXFzTi36nv_Od76AErVFSkjbPiMx5SQ5KbxK8NR0M_ZENUxjNXwBD7OHF3DbcPkara8AeexiiiRNN-5YJ3hJQ8q9-iEMTotdwPAhgBh7gx_rhznEemJ9cI1Pn2VIJ3oaeHzgDG1u3wC8r3gz5ucMJ-COk3sK6G9M30EqwmjeCMjTLmHTKkjclZQUrZZDX0iWSoIgSumcBa9khJBlDsR5L0javuag1hTa6UjMquXArPz3rY7Hjh-5dCZ42VM6PFesKkivr87tSpnH-qZQBnRERdH9h9f-kKXZMuDvF6NK74MXFgOjUVGf-NoB9yPhk1OlU0SETOVfpjKeUHFFVLBZryP3teDgx2-ubOb3eFztsYJA!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwODEvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5NDIz\/\" style=\"\" rel=\"noopener\">Tadawul filing<\/a> released on Thursday. Alkhorayef will design, test, commission, operate, maintain, then hand over the existing Al Hafuf 1, Al Oyun and Al Omran plants and establish the new Al Hafuf 2 plant. The rehabilitation process for the plants is set to raise the plants' capacity to 472k m3\/day and will be completed in 36 months over two phases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not their first sewage venture: <\/strong>Alkhorayef also signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/223eab0e-b09b-4b87-b33a-9991ce83bb22\/saudi-agritech-startup-red-sea-farms-will-sell-sustainably-sourced-foods-to-saudi-airlines\" style=\"\" rel=\"noopener\">five-year operation and maintenance contract<\/a> for King Saud bin Abdulaziz University for Health Sciences\u2019 sewage treatment plant in 2022.<\/p>\n<p class=\"tag-border-left\">SOLAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong>getting a mixed-power generation center:<\/strong> Egypt's TEDA has inked a cooperation agreement with China\u2019s electric utility company Zhejiang Energy International to build a power generation center that will rely on various sources of energy, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0mfUoMuvomNqugkToWtExoPXmn5pjSsaJKUq8wEB4Bg4R4AgpB7VhXYUfMxD7KnFYl\" style=\"\" rel=\"noopener\">statement<\/a> on Friday. The center will include a 400 MW\/220 KV substation, a 200 MW gas-fired power station, and a 100 MW photovoltaic power station. The statement did not disclose the value or timeline of the project.<\/p>\n<p class=\"tag-border-left\">RECYCLING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DMB launches new recycled aluminum rods:<\/strong> The UAE\u2019s <a target=\"_blank\" href=\"https:\/\/dmb.ae\/\" style=\"\" rel=\"noopener\">Ducab Metal Business<\/a> (DMB) has introduced green aluminum rods to its portfolio to align itself with the EU\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fd05fafd-b729-4304-9a59-390f304bbcde\" style=\"\" rel=\"noopener\">CBAM regulation<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ducab-metals-business-launches-eco-aluminium-rods-revolutionizing-sustainability-in-industry-tduen6iq\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The rods are manufactured using recycled aluminum to slash carbon emissions. Aluminum is a highly recyclable material and each ton of recycled aluminum saves 9 tons of CO2 emissions and 4 tons of bauxite, the statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About DMB:<\/strong> Established in 2020, DMB is a subsidiary of Emirati manufacturing business Ducab Group, according to its <a target=\"_blank\" href=\"https:\/\/dmb.ae\/\" style=\"\" rel=\"noopener\">website<\/a>. The company supplies copper and aluminum solutions made in the UAE worldwide.<\/p>\n<p class=\"tag-border-left\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tabuk to establish hydroponic greenhouses for <\/strong><strong>Neom<\/strong><strong> food company: <\/strong>Saudi Arabia\u2019s Tabuk Agricultural Development Company (TADCO) has inked an MoU to plan, develop construct, and operate hydroponic greenhouses for <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/neom-announces-topian\" style=\"\" rel=\"noopener\">Topian<\/a>, Neom\u2019s food company, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_fboIwFMZfZT5BDxoKu8SRIQsqiH-5MbV0SCKUlELmnn6tmDjdXFzTi36nv_Od76AErVFSkjbPiMx5SQ5KbxK8NR0M_ZENUxjNXwBD7OHF3DbcPkara8AeexiiiRNN-5YJ3hJQ8q9-iEMTotdwPAhgBh7gx_rhznEemJ9cI1Pn2VIJ3oaeHzgDG1u3wC8r3gz5ucMJ-COk3sK6G9M30EqwmjeCMjTLmHTKkjclZQUrZZDX0iWSoIgSumcBa9khJBlDsR5L0javuag1hTa6UjMquXArPz3rY7Hjh-5dCZ42VM6PFesKkivr87tSpnH-qZQBnRERdH9h9f-kKXZMuDvF6NK74MXFgOjUVGf-NoB9yPhk1OlU0SETOVfpjKeUHFFVLBZryP3teDgx2-ubOb3eFztsYJA!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzYwNDAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5NDE0\/\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. The greenhouses will be located on 100 hectares of land on TADCO\u2019s site in Saudi Arabia\u2019s Tabuk region, and it will be used for the production of fruits and vegetables.The agreement has a period of one year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Topian: <\/strong>Neom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4984f6a5-68ff-4dae-94c1-7edf951204cd\/neom-unveils-its-sustainable-food-company%253cmark%253e-topian%253c%2Fmark%253e-and-royal-air-maroc-flies-first-carbon-neutral-flight\" style=\"\" rel=\"noopener\">launched<\/a> Topian in collaboration with the Ministry of Environment, Water, and Agriculture in December 2023. Topian focuses on climate-resistant agriculture, regenerative aquaculture, and sustainable food supply.<\/p>\n<p class=\"tag-border-left\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer + Levidian to accelerate landfill decarbonization: <\/strong>The Abu Dhabi Waste Management Center, more commonly known as Tadweer, has struck a partnership with UK-based climate tech firm Levidian to use Levidian\u2019s Loop technology, which separates carbon from methane to produce hydrogen, for decarbonization projects in the UAE and globally, according to a <a target=\"_blank\" href=\"https:\/\/www.levidian.com\/recent-press2\/tadweer-group-and-levidian-join-forces-to-decarbonise-waste-industry\" style=\"\" rel=\"noopener\">press release<\/a>. The two companies had already inked an agreement <a target=\"_blank\" href=\"https:\/\/www.levidian.com\/recent-press2\/a-cleaner-future-for-landfill-levidian-and-tadweer\" style=\"\" rel=\"noopener\">last year<\/a> to implement a pilot project to decarbonize emissions from Abu Dhabi\u2019s landfills using Levidian\u2019s Loop technology. <\/p>\n<p class=\"tag-border-left\">CLIMATE FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCFC + Alterra ramp up climate investments in developing countries: <\/strong>The Global Climate Finance Centre (GCFC) and USD 30 bn climate fund Alterra \u2014 which was launched during COP28 \u2014 will join forces to increase climate investments in emerging and developing economies, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gcfc-and-alterra-forge-partnership-to-accelerate-global-climate-investments-p47lihn8\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The investments will focus on furthering low carbon, sustainable, and climate resilient projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Alterra is making big commitments: <\/strong>The UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\/loss-and-damage-agreement-finalized-%2B-uae-launches-usd-30-bn%253cmark%253e-alterra%253c%2Fmark%253e-climate-accelerator\" style=\"\" rel=\"noopener\">launched Alterra<\/a> to improve access to climate funding for the Global South. The venture \u2014 backed by Lunate Capital \u2014 includes the USD 25 bn Alterra Acceleration program to direct institutional capital towards climate investments, as well as the USD 5 bn Alterra Transformation program to provide risk mitigation capital and incentivize investment flows into the Global South. The venture aims to mobilize USD 250 bn in green investments by 2030. Initially, Alterra \u2014 along with BlackRock, Brookfield, and TPG \u2014 had committed USD 6.5 bn to climate-dedicated funds, some of which are earmarked for 6 GW worth of renewables in India, 1.2 GW of which will start operation in 2025.<\/p>\n<p class=\"tag-border-left\">GREEN TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EU + GCC launch platform to accelerate green transition: <\/strong>The EU and GCC have launched the EU-GCC Cooperation on Green Transition project to facilitate collaboration in clean energy and climate action, according to a <a target=\"_blank\" href=\"https:\/\/www.eeas.europa.eu\/delegations\/united-arab-emirates\/european-union-launches-%E2%80%98eu-gcc-green-transition-project%E2%80%99-world-future-energy-summit_en\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The initiative, unveiled at the World Future Energy Summit, seeks to exchange best practices, promote green policies and technologies, and foster a business environment between green tech companies in the EU and those in the Gulf. The initiative aims to develop the infrastructure, policies, and skills necessary for significantly increasing renewable energy deployment.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"83688\" 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=\"83688\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/22\/sgs-eyes-eur-6-mn-funding-round-for-wind-sail-tech\/\">\r\n                            SGS eyes EUR 6 mn funding round for wind-sail tech                        <\/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\/2024\/04\/22\/sgs-eyes-eur-6-mn-funding-round-for-wind-sail-tech\/\" 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 tech aims to reduce fuel consumption in the shipping industry by up to 30%. The new funding round values the company, which is backed by <a target=\"_blank\" href=\"https:\/\/www.mol.co.jp\/en\/\" style=\"\" rel=\"noopener\">Mitsui OSK Lines<\/a>, <a target=\"_blank\" href=\"https:\/\/ultrabulk.com\/\" style=\"\" rel=\"noopener\">Ultrabulk<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.drax.com\/\" style=\"\" rel=\"noopener\">Drax<\/a>, at EUR 25 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the tech:<\/strong> The FastRig system, designed to be retrofitted onto ships, captures wind as a supplementary power source to cut carbon emissions, the FT writes. The prototype, currently installed at the Scottish port of Hunterston, is set to be fitted onto the <a target=\"_blank\" href=\"https:\/\/www.pntl.co.uk\/our-fleet\/pntl-ships\/pacific-grebe-2010\/\" style=\"\" rel=\"noopener\">Pacific Grebe<\/a> \u2014 a vessel used for transporting radioactive material \u2014 in September. The technology also addresses concerns about installation time and interference with loading operations by being retractable and lightweight.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first to go with the wind:&nbsp;<\/strong>A dry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/af694b56-1416-4787-920f-4b3a31c7a210\/today:-egypt-could-own-a-significant-stake-in-any-foreign-built-green-hydrogen-projects\" style=\"\" rel=\"noopener\">cargo ship fitted with sails<\/a> that can harness wind power set sail from Singapore to Brazil in August to study how wind energy can cut carbon emissions. The Cargill-owned vessel is retrofitted with 37.5 meters wind sails \u2014 produced by Norway\u2019s Yara Marine Technologies \u2014 expected to cut fuel costs up to 30% on new-build vessels.<\/p>\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>Indonesia <\/strong><strong>to invest USD 1 bn in its energy transition: <\/strong>Indonesia's sovereign wealth fund the Indonesia Investment Authority (INA) is set to make investments of up to USD 1 bn this year with a focus on EVs and geothermal energy, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/451cfcfc-cbee-42c8-a1bf-8b174805c55d\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reports, citing INA CFO Eddy Porwanto. The investments will also fund the early retirement of coal-fired power plants. The move aligns with the country's ambition to become a key player in the energy transition by leveraging its substantial nickel reserves, the largest in the world, and a center for EV production and carbon monetization.<\/p>\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>Stellantis to acquire 49.5% of Argentinian solar power firm: <\/strong>Automaker Stellantis will acquire 49.5% of one of Argentina\u2019s top solar power producers, 360 Energy Solar, for USD 100 mn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/stellantis-acquire-stake-argentina-solar-power-firm-green-energy-push-2024-04-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. Going forward, the two companies will develop new solar plants, produce green hydrogen, and establish large-scale solar storage facilities. Stellantis will use the renewable energy produced from this partnership to power two of their plants in Argentina \u2014 Ferreyra and El Palomar.<\/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>New <\/strong><strong>York presses pause on 3 wind projects: <\/strong>New York State has halted three offshore wind-energy projects due to a change in turbine design by General Electric Vernova, which has caused \u201ctechnical and commercial complexities\u201d for the developers. The state had provisionally approved the projects last October, but the switch from an 18 MW Haliade-X turbine platform to a smaller one has led the New York State Research and Development Authority to decide against signing final contracts. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/new-york-says-it-is-not-moving-forward-with-three-offshore-wind-farms-2024-04-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Archer <\/strong><strong>to launch air taxis in India next year: <\/strong>Archer Aviation, backed by Stellantis and Boeing, is set to initiate trials of its Midnight electric air taxi in India next year, with a commercial launch planned for 2026. The eVTOL aircraft can carry four passengers and a pilot for up to 100 miles. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/archer-aviation-aims-start-electric-air-taxi-trials-india-next-year-2024-04-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>IFC<\/strong><strong> + Amundi announce closing of SEED fund: <\/strong>The International Finance Corporation (IFC) and asset manager <a target=\"_blank\" href=\"https:\/\/about.amundi.com\/\" style=\"\" rel=\"noopener\">Amundi<\/a> have concluded the final closing of the Sustainable Emerging Economy Development Debt (SEED) Fund. The fund, which was launched at COP26 in Glasgow, has garnered USD 436 mn from institutional investors to support sustainable bonds in emerging markets, focusing on climate mitigation and the green economy. (<a target=\"_blank\" href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=28123\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/stellantis\/\">Stellantis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83690\" 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\/2024\/04\/22\/83690\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83690\" class=\"content-area-description single-story post-83690 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\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-24 April (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/hima.ncw.gov.sa\/\" style=\"\">Protected Areas Forum (HIMA)<\/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>22-24 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omanpetroleumandenergyshow.com\/\" style=\"\">Oman Petroleum and Energy Show<\/a><\/span><span style=\"font-weight:400;\">, Mustac, Oman.<\/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>24-26 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mygetex.com\/\" style=\"\">Global Education & Training Exhibition (GETEX)<\/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>28-29 April (Sunday-Monday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/press\/2024\/01\/annual-meeting-2024-rebuilding-trust-amid-uncertainty\/\" style=\"\">Global Cooperation, Growth and Energy for Development,<\/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>28 April-2 May (Sunday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omansustainabilityweek.com\/\" style=\"\">Oman Sustainability Week<\/a><\/span><span style=\"font-weight:400;\">, Oman International Exhibition Center, Muscat.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 April-1 May (Monday-Wednesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/swforum.sa\/?lang=en\" style=\"\">Saudi Water 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>30 April-2 May (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 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 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>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\" style=\"\">Arabian Travel Market<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalwasteforum.com\/en\" style=\"\">Global Waste Forum<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">Algiers, Algeria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">14-15 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/invest-africa-energy.com\/\" style=\"\">Invest in African Energy (IAE) Forum<\/a><\/span><span style=\"font-weight:400;\">, Paris, France. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit.html\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-25 May (Saturday-Saturday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldwaterforum.org\/\" style=\"\">The World Water Forum<\/a><\/span><span style=\"font-weight:400;\">, Bali, Indonesia. <\/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, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation 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>28-30 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.moiat.gov.ae\/en\/media-center\/news\/2024\/01\/23\/miite-forum-dates?\" style=\"\">Make it in the Emirates Forum<\/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 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>11-12 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17243638-over-100-financial\" style=\"\">International Conference on Financing Investment and Trade in Africa (FITA 2024)<\/a><\/span><span style=\"font-weight:400;\">, Tunis, Tunisia. <\/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>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\" style=\"\">Water, Energy and Environment Technology Exhibition (WETEX)<\/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>13-17 October (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cairowaterweek.eg\/cww2024\/#:~:text=The%20upcoming%20seventh%20edition%2C%20Cairo,Climate%3A%20Building%20Resilient%20Communities.%E2%80%9D\" style=\"\">Cairo Water Week<\/a><\/span><span style=\"font-weight:400;\">, Cairo Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/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\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\">World Urban Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-22 November (Monday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/cop29\" style=\"\">UN Climate Change Conference<\/a><\/span><span style=\"font-weight:400;\">, Baku, Azerbaijan. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)<\/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>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudi-electricityexpo.com\/en\/home.html\" style=\"\">Saudi Electricity Expo<\/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;\">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, 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\">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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/central-asias-largest-wind-farm-brought-to-you-by-masdar-79878\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/could-fdi-help-egypts-solar-industry-traverse-the-fx-crisis-79599\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/uae-may-be-getting-more-evs-79880\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/will-we-soon-see-a-carbon-offset-tax-in-egypt-79885\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/goodbye-single-ac-units-mena-wont-be-needing-your-services-anymore-79605\/\" 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:400;\">World Water Forum, 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;\">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:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/enterprise-climate-sits-down-with-mariam-almheiri-the-uaes-climate-change-and-environment-minister-79434\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/07\/project-update-tunisia-speaks-to-afdb-ifc-for-solar-plant-financing-80546\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/today-cloud-wars-afreximbank-gets-love-from-nexi-also-indias-reliance-wants-to-build-20-gw-of-renewables-79598\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/31\/moroccos-usd-18-bn-renewables-export-hub-79733\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>KSA\u2019s Waja heads to Egypt for EV assembly | Taqa\u2019s Naturgy bid facing trouble? | A busy week for Masdar | Mining acquisition updates from UAE + KSA<\/p>\n","protected":false},"featured_media":83667,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83666","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"119c48f0-b05d-47cf-a8a3-af42152d55b9","teaser":"KSA\u2019s Waja heads to Egypt for EV assembly | Taqa\u2019s Naturgy bid facing trouble? | A busy week for Masdar | Mining acquisition updates from UAE + KSA","photo_url":"https:\/\/ent.news\/2024\/2\/1148.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>KSA\u2019s Waja Group is looking to assemble and market EVs in Egypt - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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