{"id":83990,"date":"2024-05-07T00:00:00","date_gmt":"2024-05-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=83990"},"modified":"2025-12-15T10:45:56","modified_gmt":"2025-12-15T10:45:56","slug":"acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/","title":{"rendered":"Acwa Power set to build a 5 GW wind farm in Uzbekistan"},"content":{"rendered":"<section id=\"83992\" 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=\"83992\">\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\/05\/07\/today-acwa-will-build-central-asias-largest-wind-farm\/\">\r\n                            TODAY: Acwa will build Central Asia\u2019s largest wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/today-acwa-will-build-central-asias-largest-wind-farm\/\" target=\"_blank\">\n                    Open in new tab                    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<a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+Acwa+will+build+Central+Asia%E2%80%99s+largest+wind+farm+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Ftoday-acwa-will-build-central-asias-largest-wind-farm%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\/05\/07\/today-acwa-will-build-central-asias-largest-wind-farm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1100.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83993\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/today-acwa-will-build-central-asias-largest-wind-farm\/1100-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1100.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1100.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1100.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1100.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83992\" class=\"content-area-description single-story post-83992 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-critical-minerals tag-egypt tag-enterpriseclimate tag-saudi-arabia tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.fdeb3f49-7663-40b5-8f36-cb6bd91d2a31.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>It\u2019s a busy morning in the region with a bit of everything including another mega project in Uzbekistan for Acwa Power, but first, an update on tensions brewing between the EU and China\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>THE BIG CLIMATE STORY OUTSIDE THE REGION- The EU-China trade spat intensifies<\/strong><strong>: <\/strong>The EU is preparing to launch a \u201ctrade war\u201d with China over the import of cheap electric cars and cheap solar and wind technology, according to comments made by president of the European Commission Ursula von der after a meeting with the Chinese president Xi Jinping. \u201cEurope will not waver from making tough decisions needed to protect its economy and security,\u201d Leyen said in a statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China is not convinced: <\/strong>China\u2019s cheaper green technologies are necessary to further the energy transition, Xi Jinping's Special Envoy for Climate Change Liu Zhenmin told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-01\/xi-jinping-s-climate-change-envoy-says-energy-transition-needs-china\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Thursday. Backlash from the US and EU results in a \u201cdelay in the substitution of fossil fuels by renewables globally,\u201d Liu said, adding that energy transition costs would increase by up to USD 6 tn without China\u2019s production. Liu urges countries to instead take advantage of China\u2019s low cost products ahead of his <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2b5fee3-ab28-42e8-ad27-8543087d15be\/today:-xlinks-secures-another-usd-10-mn-%2B-loss-and-damage-fund-board-meeting-kicks-off-in-abu-dhabi\" style=\"\" rel=\"noopener\">upcoming meeting<\/a> with American counterpart John Podesta. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tensions have been brewing for a while between China and the West: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f632262b-ef65-48db-857c-1040385d7956\/today:-green-hydrogen-updates-from-morocco-and-oman-%2B-are-smaller-cop-summits-on-the-horizon%3F\" style=\"\" rel=\"noopener\">Trade tensions<\/a> have been sparked between China and the West over the oversupply of cheap solar panels and EVs from China, which has crowded American and European markets and threatened domestic production. The European Commission launched its investigation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f632262b-ef65-48db-857c-1040385d7956\/today:-green-hydrogen-updates-from-morocco-and-oman-%2B-are-smaller-cop-summits-on-the-horizon%3F\" style=\"\" rel=\"noopener\">in September<\/a> to consider imposing punitive tariffs on Chinese EV imports as a protection measure for local producers. The US and China seem to be \u201c <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dca52e28-90cb-4420-9269-412c3be08a7d\/\" style=\"\" rel=\"noopener\">on more stable footing<\/a>,\u201d however, since US Treasury Secretary Janet Yellen\u2019s diplomatic visit last month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/chinas-xi-paris-meet-macron-with-trade-ukraine-talks-planned-2024-05-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/china-france-xi-macron-visit-c7f48d55fd9ccb345fc6e9eda105f89b\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-06\/europe-says-ready-to-use-all-trade-tools-to-defend-against-china\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0728c778-4d5a-4dfc-8694-9c493e82df15\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20240506-eu-ready-for-tough-decisions-to-protect-economy-von-der-leyen-tells-china\" style=\"\" rel=\"noopener\">AFP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/article\/2024\/may\/06\/eu-restates-readiness-to-launch-trade-war-with-china-over-cheap-imports\" style=\"\" rel=\"noopener\">The Guardian<\/a> <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/global-waste-forum_global-waste-forum-2024-shape-the-future-activity-7090915791587430400-JKm8\/\" style=\"\" rel=\"noopener\">Global Waste Forum<\/a><\/strong><strong> is kicking off today in Algiers and running through to Thursday.<\/strong> The forum will focus on the latest waste management technologies and bring together industry leaders to explore cooperation on circular economy strategies, renewable energies, and digitization.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- An agreement on Pakistan\u2019s Reko Diq could be coming: <\/strong>A delegation of senior Saudi officials including executives from Manara Minerals are looking to continue talks on the acquisition of a stake in Barrick Gold\u2019s Reko Diq copper and gold mining project in Pakistan, <a target=\"_blank\" href=\"https:\/\/www.geo.tv\/latest\/542785-saudi-manara-minerals-team-in-pakistan-for-talks-on-reko-diq-mine-stake\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a Pakistan government document it says it has seen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Manara is a joint venture between the Public Investment Fund and mining giant Ma\u2019aden. Manara was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ef5171e7-6692-4b5d-80be-a73cd23640b3\" style=\"\" rel=\"noopener\">said to be<\/a> close to a USD 1 bn investment in the mining project \u2014 one of the world's largest undeveloped copper-gold areas. A preliminary agreement could be made public in a matter of weeks, sources said last month. <\/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- The UK is eyeing Egypt\u2019s green hydrogen sector: <\/strong>An unnamed UK company is looking to invest in the country's green hydrogen sector, British Ambassador Gareth Bayley told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/05\/05\/%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%B1%D9%8A%D8%B7%D8%A7%D9%86%D9%8A-%D9%84%D9%80-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A8%D8%B1%D9%8A%D8%B7%D8%A7%D9%86%D9%8A-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%85%D8%B1%D8%AA%D9%82%D8%A8-%D8%A8%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">AlArabiya<\/a> on Sunday. The projects are set to be announced in the upcoming period, Bayley added, without providing any further details. British companies are also currently exploring further investments in renewable energy, sustainable infrastructure, sustainable cities, and transportation, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UK is upping its regional presence in Egypt: <\/strong>The UK\u2019s Globeleq <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1c44ddf5-53a5-4340-a807-e061cf030210\/\" style=\"\" rel=\"noopener\">acquired a 48.3% equity stake<\/a> in the 25 MWp Winnergy solar PV plant in Egypt from Enerray last month. The plant is located next to Globeleq\u2019s 66 MWp ARC solar plant at the Benban Solar complex.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong>updated its&nbsp;<\/strong><strong>petrochemical industry framework plan<\/strong><strong> earlier this year in April to include more biofuels and decarbonization efforts by 2040<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%A7%D8%AF%D8%B1-%D8%B9%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D9%88%D8%A7%D9%84%D8%AB%D8%B1%D9%88%D8%A9-%D8%A7%D9%84%D9%85%D8%B9%D8%AF%D9%86%D9%8A%D8%A9%D8%A3%D9%83%D8%AF-%D8%A7%D9%84%D9%85%D9%87%D9%86%D8%AF%D8%B3-%D8%B7%D8%A7%D8%B1%D9%82-%D8%A7%D9%84%D9%85%D9%84%D8%A7-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D9%88\/910900027747085\/\" style=\"\" rel=\"noopener\">statement<\/a>. The country is planning to develop a USD 120 mn plant for methanol derivatives with a capacity of 140k tons annually. It's also aiming for a bioethanol plant with an investment ticket of USD 120 mn and a capacity of 100k tons annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more:<\/strong> Egypt will also construct solar and wind farms to produce green ammonia, offsetting some 120k tons of CO2 per year. Sustainable aviation fuel will also be produced with an investment ticket of USD 30 mn and 120k tons annual capacity, the statement notes. Egypt also plans to produce 205k sqm of low-carbon wood using rice straw. The EUR 351 mn project is expected to offset around 360k tons of CO2 annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- UN implements new rules for carbon credit market: <\/strong>The UN will now allow individuals who are negatively affected by green projects \u2014 through exploitation or loss of land \u2014 within the global carbon credit market to appeal decisions or file grievances against those projects, according to a <a target=\"_blank\" href=\"https:\/\/unfccc.int\/news\/un-body-adopts-historic-human-rights-protections-for-carbon-market-mechanism\" style=\"\" rel=\"noopener\">press release<\/a> on Friday. This move aims to empower vulnerable communities and ensure accountability as the UN aims to establish a high integrity international carbon market. Carbon credits have already been receiving its fair share of backlash over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2aeaac4-848e-4370-987d-0273547a5359\/canada-makes-its-second-green-bond-sale-%2B-shell-owned-onward-gets-slapped-with%253cmark%253e-greenwashing%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">false claims of offset<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/60164001-ae1e-416e-872e-61275bc8a5e0\/south-pole-ceo-resigns-after%253cmark%253e-greenwashing%253c%2Fmark%253e-allegations-and-us-%2B-indonesia-explore-minerals-cooperation\" style=\"\" rel=\"noopener\">greenwashing<\/a> by major companies including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d1b1a16d-c82e-4d87-a9d3-54ce2b934766\/today:-neom-investment-fund-makes-its-initial-investment-in-green-mobility\" style=\"\" rel=\"noopener\">Apple<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But filing fees may hinder complaints: <\/strong>Fees for filing an appeal or grievance are set at USD 30k, which is seen by supervisory board members as \u201ctoo low for project developers, but too high for vulnerable groups,\u201d according to <a target=\"_blank\" href=\"https:\/\/www.argusmedia.com\/en\/news-and-insights\/latest-market-news\/2565032-un-carbon-market-enshrines-appeal-grievance-processes\" style=\"\" rel=\"noopener\">Argus Media<\/a>. However the fee can be waived for vulnerable groups including indigenous people and local communities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carbon markets have a history of exploiting developing nations:<\/strong> Concerns have grown as projects aimed at reducing carbon emissions under the Paris climate agreement, such as renewable energy generation, often exploit or displace communities in the developing nations where they occur, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/energy\/un-approves-complaint-process-for-carbon-credit-projects-ugptq2g6\" style=\"\" rel=\"noopener\">AFP<\/a> reported on Saturday. \u201cIt is a first step towards providing protections for indigenous peoples, but improvements will still be needed,\u201d Gilles Dufrasne from think tank Carbon Market Watch, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This may bring up cases in the Western Sahara disputed territory:<\/strong> The European Union has said that it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6c0d1fc7-07c4-4eb5-82df-53c3918ca109\" style=\"\" rel=\"noopener\">would not import energy<\/a> from the Western Sahara due to the disputed status of the territory, which it recognizes as separate from Morocco under international law. Around 81% of the land allocated for Morocco's giant renewables plans are located in the Western Sahara \u2014 which is considered \u201cnon-self-governing territory,\u201d by the UN. However, EU countries including Portugal, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4f2e1dd9-79af-44a5-89cd-1b37b5fe288c\/spain-is-axing-algeria-from-europe%25e2%2580%2599s-ambitious-green-hydrogen-infrastructure\" style=\"\" rel=\"noopener\">Spain<\/a>, France, and Germany signed agreements with Morocco for future cooperation on renewable energy, including projects located in the disputed region. The region\u2019s indigenous group the Sahrawi have been displaced to a part of the Saharan desert where the impacts of climate change <a target=\"_blank\" href=\"https:\/\/wsrw.org\/en\/news\/renewable-energy\" style=\"\" rel=\"noopener\">will be felt more severely<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE- Shell accused of selling unearned carbon credits: <\/strong>Dutch fossil fuel giant Shell registered and sold 5.7 mn of \u201cphantom\u201d carbon credits between 2015 and 2021 tied to CO2 removal that never occurred, raising more doubts on the future of carbon capture, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/93938a1b-dc36-4ea6-9308-170189be0cb0\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reported on Sunday. Canada\u2019s Alberta provincial government allowed Shell to register carbon credits captured from its Quest carbon capture facility, however the credits were equivalent to twice the volume of CO2 actually captured by the plant. Shell sold the credits to top oil sands producers and its own subsidiaries, including Chevron, Canadian Natural Resources, ConocoPhillips, Imperial Oil, and Suncor Energy. The credit issuances were part of a subsidy scheme aimed at boosting the carbon trading industry before ending in 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND SPEAKING OF SHELL- The fossil fuel giant is pushing back against investor calls for better green <\/strong><strong>targets:<\/strong> Proxy advisory firm <a target=\"_blank\" href=\"https:\/\/www.glasslewis.com\/\" style=\"\" rel=\"noopener\">Glass Lewis<\/a> advised British oil giant Shell shareholders to vote against a resolution proposed by investors calling for the energy company to set stricter climate targets, including targets to reduce <a target=\"_blank\" href=\"https:\/\/www.nationalgrid.com\/stories\/energy-explained\/what-are-scope-1-2-3-carbon-emissions#:~:text=Scope%203%20encompasses%20emissions%20that,dispose%20of%20products%20from%20suppliers.\" style=\"\" rel=\"noopener\">scope 3 emissions<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/advisory-glass-lewis-recommends-shell-investors-oppose-shareholder-climate-2024-05-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. Shell's board also recommended voting against the resolution, which last year received 19.3% in-favor. Shell's existing greenhouse gas emission reduction goals and actions as sufficient, Glass Lewis argued, adding that there is no conclusive evidence that Shell is significantly behind its peers with regards to emissions goals. The resolution was filed by activist shareholder <a target=\"_blank\" href=\"https:\/\/www.follow-this.org\/\" style=\"\" rel=\"noopener\">Follow This<\/a>, and is supported by 27 investors who together hold around 5% in Shell. The resolution is set to be voted on at Shell's annual general meeting on May 23. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shell watered down its emission goals: <\/strong>Shell <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/739027c2-b7d8-4d7f-881f-1bea1cb0ebd2\/\" style=\"\" rel=\"noopener\">lowered its emission goals<\/a> and is now aiming to reduce its scope 3 emissions by 15-20% by the end of the decade, down from the previous 20%. The company also dropped its goal of a 45% reduction by 2035.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>France <\/strong><strong>to issue offshore wind tenders: <\/strong>France is set to issue a series of tenders and incentives aimed at increasing offshore wind capacity sixfold by 2035, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-02\/france-unveils-offshore-wind-push-to-accelerate-climate-progress\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. The plan includes the awarding of 16 GW of projects by October 2026, with a focus on reducing costs and supply-chain constraints. The government's strategy involves a provisional timetable for future auctions, to meet a fifth of the country's electricity demand through offshore wind by 2050.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Offshore wind is picking up: <\/strong>Australia recently approved feasibility studies for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ed31958-8036-43bd-9a95-ece792e3d00e\/\" style=\"\" rel=\"noopener\">six offshore wind farm projects<\/a> along its southern coast with six more pending approval last week. The projects will collectively have a 25 GW capacity. The US' Biden administration also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f05f97af-5f38-4f88-a7c1-2f3983c338b1\/today:-ksa%25e2%2580%2599s-miahona-and-morocco%25e2%2580%2599s-ocp-take-steps-towards-ipo\" style=\"\" rel=\"noopener\">kicked off a comprehensive plan<\/a> to auction up to twelve offshore wind development rights auctions by 2028, with four slated for this year. This comes despite a slowing global offshore wind industry, which has faced challenges from inflation, interest rates, and supply chain issues in recent years. <\/p>\n<p class=\"tag-border-left\">KUDOS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over 50% of globally issued USD-denominated sustainable ESG sukuk have been <\/strong><strong>listed on <\/strong><strong>Nasdaq Dubai during 1Q 2024,<\/strong> signaling \u201cthe increasing attraction towards sustainable investments and [establishing] Nasdaq Dubai as a favored platform for such offerings,\u201d <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2y82p5-nasdaq-dubai-acquired-more-than-50-sustainable\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday, citing DFSA chief executive Ian Johnston. <\/p>\n<p class=\"tag-border-left\">OUR NEXT CONFERENCE IN CAIRO-<\/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 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>*** Interested in attending? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/optimism.enterprise.news\/\" style=\"\" rel=\"noopener\">Tap or click here to let us know<\/a><\/strong><strong>.<\/strong> Seating is limited. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/optimism.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/221.jpg?ssl=1\"><\/a> <\/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 in Cairo and Riyadh and 11am in the 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\"><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>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\" rel=\"noopener\">Saudi Energy Convention<\/a><\/strong><strong> from Sunday, 19 May to <\/strong><strong>Tuesday, 21 May in<\/strong> Riyadh. The convention will see energy and utilities industry leaders advance collaborative decarbonization efforts and identify innovation areas. It will also host the Saudi Utilities Convention and Saudi Hydrogen Convention to address the role and challenges of rolling out hydrogen, water and utility projects that are in line with the global energy transition. Over 10k energy professionals and 200 industry speakers will be present at the event. <\/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\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\/critical-minerals\/\">critical minerals<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83994\" 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=\"83995\" 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=\"83995\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\">\r\n                            Mubadala Capital plans more than USD 13.5 bn in investments in Brazil                        <\/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\/05\/07\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\" 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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Mubadala Capital will fund the investment through a mix of equity and debt over a period of five to 10 years, according to Fahlgren.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all that was revealed: <\/strong>The biofuels plant \u2014 to be developed by Mubadala Capital\u2019s energy subsidiary Acelen \u2014 will comprise five USD 2.7 bn modules, each including a biorefinery with the capacity to process 20k fuel barrels per day. The first module is set to commence production by the end of 2026. Additionally, Mubadala Capital plans to convert an existing oil refinery, acquired from Brazil\u2019s state-owned energy firm Petrobras in <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/climate\/road-to-net-zero\/2023\/09\/04\/brazils-petrobras-explores-investment-in-mubadala-capital-owned-biofuel-project\/\" style=\"\" rel=\"noopener\">2021<\/a>, in the northeast region of Brazil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t the first time we hear about these projects:<\/strong> Mubadala Capital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dae8161d-fbfd-499b-8662-1904417ea372\/%253cmark%253emubadala%253c%2Fmark%253e%253cmark%253e-capital%253c%2Fmark%253e%25e2%2580%2599s-biofuel-project-in-brazil-may-have-a-new-investor\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Petrobras in 2023 to partner on the refinery project, which Petrobras is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4bc7e1e-7bfb-4ffe-83f0-75f01ebaec27\/mgx-could-invest-in-openai%25e2%2580%2599s-chip-and-power-production-venture-%2B-eagle-hills%25e2%2580%2599-investment-in-budapest-could-reach-eur-10-bn#:~:text=Brazil%E2%80%99s%20Petrobras%20is,administration%E2%80%99s%20divestment%20strategy.\" style=\"\" rel=\"noopener\">repurchase<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4bc7e1e-7bfb-4ffe-83f0-75f01ebaec27\/mgx-could-invest-in-openai%25e2%2580%2599s-chip-and-power-production-venture-%2B-eagle-hills%25e2%2580%2599-investment-in-budapest-could-reach-eur-10-bn#:~:text=Brazil%E2%80%99s%20Petrobras%20is,administration%E2%80%99s%20divestment%20strategy.\" style=\"\" rel=\"noopener\"><\/a> from Mubadala. Acelen revealed the estimated cost for the biofuels project\u2019s first module in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac1098d0-3295-4398-9861-49732b818009\/%253cmark%253emubadala%253c%2Fmark%253e%253cmark%253e-capital%253c%2Fmark%253e-energy-subsidiary-to-invest-bns-in-brazilian-green-diesel-%2B-saf\" style=\"\" rel=\"noopener\">April 2023<\/a>, saying it plans to invest USD 2.4 bn to produce 1 bn liters per year of hydrotreated vegetable oil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Brazil?<\/strong> \u201cIt\u2019s all about feedstock [which] in reality is agriculture. And Brazil is probably the best-placed country on the planet when it comes to agricultural proficiency because of the climate and the fertile soil. Brazil is to agriculture what Abu Dhabi is to oil,\u201d Fahlgren told the salmon-colored paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala wants to expand its foothold in Brazil even further<\/strong>: \u201cWe\u2019re very bullish on the investment climate in Brazil right now and the opportunities we see. We do have a number of assets that are relatively mature today, and could be potential exit candidates in the not too distant future,\u201d Fahlgren said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/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\/mubadala-capital\/\">Mubadala Capital<\/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=\"83997\" 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=\"83997\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/\">\r\n                            Acwa Power set to build a 5 GW wind farm in Uzbekistan                        <\/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\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/\" 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\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Acwa Power set to build a 5 GW wind farm in Uzbekistan&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/&title=Acwa Power set to build a 5 GW wind farm in Uzbekistan\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Acwa+Power+set+to+build+a+5+GW+wind+farm+in+Uzbekistan+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Facwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan%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\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2161.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83998\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/acwa-power-set-to-build-a-5-gw-wind-farm-in-uzbekistan\/2161-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2161.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2161.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2161.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2161.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83997\" class=\"content-area-description single-story post-83997 post type-post status-publish format-standard has-post-thumbnail hentry category-wind tag-acwa-power tag-renewables tag-saudi-arabia 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\/5\/.2a1b24bf-0424-47db-b908-57fa82979643.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another Uzbek wind farm for Acwa: <\/strong>Saudi renewables giant Acwa Power signed a SAR 18.2 bn (c. USD 4.9 bn) power purchase agreement with the <a target=\"_blank\" href=\"https:\/\/www.uzbekistonmet.uz\/en\" style=\"\" rel=\"noopener\">National Electric Grid of Uzbekistan (Negu)<\/a> to develop a new 5 GW wind farm \u2014 set to become the <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/acwa-power-signs-485bln-deal-for-central-asias-largest-wind-farm-owyw12jl\" style=\"\" rel=\"noopener\">largest in Central Asia<\/a>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_RboIwFIafxQcwPWgs7JKNDVlQUXQqN6aWMyURSkpxc0-_VpYZ3Vxc04ue0-__z39IQhYkKdg-2zCViYLtdL1M6KrnUuj0HRhBf_oAFGKfzqaO5XUomZ8DzsCnMB6641HH7oH_AiT5lx7iqAfjp2jQDWECPtDb9HDluDfMT86RkXtn6wTP934Qul2H2pfALyteDPm5wxH4I2SMxXET-2rUwCJziZWoJUcy2aByi0LUBcccCxVmlfKYYmTMGd9iiHvcRWyDJDajWbrPKiErQ5Fl2zK9CrkS0iuD9LtzyNdiR5bmXUqR1lxNDyU2DSW0_de71MZx9qErCxorJvn2xJr_YZ2vUXprzZjWqxT5yYCZ5NzkbkTWqkmg8F3FR7OGS7UiQpkJnZGU-Wy2gCxoO2-P3dw5v26r9QlTUSX0\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwODIvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc5NzQz\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> on Thursday. The 25-year contract for the Aral 5GW wind independent power producer project is under a build, own, operate, and transfer model. <\/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>Information about the construction timeline and financing was not made public. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beating its own record:<\/strong> The Aral project \u2014 which is the 15th project by Acwa Power in Uzbekistan \u2014 beats a planned 1.5 GW wind energy farm by Acwa Power that it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/37846de6-757b-496a-867b-33d1af966cd6\" style=\"\" rel=\"noopener\">said last year<\/a> would be the largest in Central Asia. It is the second agreement Acwa Power signs with Negu for a wind plant in nearly a month after it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6f03eacc-5556-4804-ab21-45ccccd9e2fb\/\" style=\"\" rel=\"noopener\">signed a SAR 985 mn power purchase agreement<\/a> to develop a 200 MW wind farm known as Nukus 2 as well as a battery energy storage system. This brings Acwa Power\u2019s total investments to Uzbekistan at USD 13.9 bn, with the Central Asian country becoming its second largest after Saudi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- Acwa has been busy in Uzbekistan: <\/strong>Acwa signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f9605eee-6f5a-4a59-8907-8f18d41f1f99\/\" style=\"\" rel=\"noopener\">three power<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f9605eee-6f5a-4a59-8907-8f18d41f1f99\/\" style=\"\" rel=\"noopener\">purchase agreements<\/a> totaling USD 2.5 bn with Negu and the country\u2019s Investment, Industry, and Trade Ministry for 1.4 GW worth of solar projects and three battery story facilities with capacity of 1.5 GWh last year. It also broke ground on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/79d86a49-cccb-4a55-96c9-c4fcd6d1e0bd\/\" style=\"\" rel=\"noopener\">pilot green hydrogen production project<\/a> in the Tashkent region last November.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"83999 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"83999\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/83999\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83999\" class=\"content-area-description single-story post-83999 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84000\" 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=\"84000\">\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\">WASTE MANAGEMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/the-uks-bluewater-bio-will-upgrade-bahrains-north-sitra-wastewater-plant\/\">\r\n                            The UK\u2019s Bluewater Bio will upgrade Bahrain\u2019s North Sitra wastewater plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/the-uks-bluewater-bio-will-upgrade-bahrains-north-sitra-wastewater-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The upgrade will double the plant's capacity to 30 mns of liters per day and will be completed within 24 months. The North Sitra plant is currently treating half the generated wastewater in Bahrain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The contract will see Bluewater Bio acting as the engineering, procurement, and construction (EPC) contractor and technology supplier, utilizing their advanced <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/hybacs-activated-sludge-process\/\" style=\"\" rel=\"noopener\">HYBACS<\/a> and <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/filterclear\/\" style=\"\" rel=\"noopener\">FilterClear<\/a> treatment technologies and smart systems, the press release adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works:<\/strong> Notable features in Bluewater Bio\u2019s HYBACS tech is its ability to enable an existing activated sludge process to treat double the flow and load as a conventional system while using 30% less energy associated with air seeping into materials, according to their <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/hybacs-activated-sludge-process\/\" style=\"\" rel=\"noopener\">website<\/a>. It also has the option for offline installation of its smart system along with modular construction of the plant to allow for quick deployment and expansion. FilterClear on the other hand is a \u201cpressure multimedia filter tech capable of separating suspended solids from a wide range of waters with a comparatively high performance, even at high loading velocities,\u201d the <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/filterclear\/\" style=\"\" rel=\"noopener\">website<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has other projects in the region: <\/strong>Bluewater Bio is also using its FilterClear technology at the King Abdullah University of Science and Technology (KAUST)\u2019s <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/case_studies\/kaust-desalination\/\" style=\"\" rel=\"noopener\">seawater reverse osmosis plant<\/a> and its HYBACS system at the <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/case_studies\/jubail-hybacs-upgrade-at-iwtp-8\/\" style=\"\" rel=\"noopener\">Industrial Wastewater Treatment Plant (IWTP8)<\/a> in Jubail.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Bluewater Bio: <\/strong>The firm develops tech for cost-efficient, environmentally friendly water and wastewater treatment applications, their <a target=\"_blank\" href=\"https:\/\/bluewaterbio.com\/about\/\" style=\"\" rel=\"noopener\">website<\/a> said. Bluewater Bio aims to develop products that utilize less energy, less land and fewer chemicals than competing technologies, while focussing primarily on the \u201crapid upgrading, optimisation and monitoring of water and wastewater treatment plants,\u201d they added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wastewater-treatment\/\">wastewater treatment<\/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=\"84002\" 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=\"84002\">\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\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/\">\r\n                            EGA finalizes Leichtmetall Aluminum Giesserei 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\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EGA finalizes Leichtmetall Aluminum Giesserei acquisition&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/&title=EGA finalizes Leichtmetall Aluminum Giesserei acquisition\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EGA+finalizes+Leichtmetall+Aluminum+Giesserei+acquisition+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Fega-finalizes-leichtmetall-aluminum-giesserei-acquisition%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\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/321.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84003\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/321-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/321.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"321.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/321.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/321.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84002\" class=\"content-area-description single-story post-84002 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-emirates-global-aluminum 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\/5\/.9102c60b-da63-48fe-9f57-ccdefc863197.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Global Aluminium (EGA) has finalized its acquisition of German aluminum <\/strong><strong>recycling company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.leichtmetall.eu\/de\/\" style=\"\" rel=\"noopener\">Leichtmetall Aluminum Giesserei<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-completes-acquisition-of-leichtmetall-european-speciality-foundry-in-high-strength-recycled-aluminium\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. EGA closed the transaction with Leichtmetall Holding after receiving regulatory approval, the company said without providing details on the value of the purchase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The company revealed the transaction <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/69316933-82c7-4c5a-9595-96a407fddd18\/emirates-global-aluminium-to-fully-acquire-germany%25e2%2580%2599s%253cmark%253e-leichtmetall%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">in March<\/a>, marking its first major acquisition since it was formed through the merger of Dubai Aluminum and Emirates Aluminum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition will bolster EGA\u2019s renewable production capacity: <\/strong>Leichtmetall\u2019s facilities operate with an annual production capacity of 30k tons of billets using renewable energy, with 80% of the input material being secondary aluminum. The new capacity will be added to 600k tons of primary aluminum EGA exports to Europe annually, bringing the company closer to European customers, as the EU inches closer to introducing its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/973fb9e8-83ce-4263-a138-e893db5528a8\/today:-the-region%25e2%2580%2599s-first-green-hydrogen-refueling-station,-courtesy-of-adnoc#:~:text=WORTH%20READING%2D%20A,fertilizers%2C%20Mohieldin%20added.\" style=\"\" rel=\"noopener\">tax on carbon-intensive imports in 2026<\/a>. Recycled aluminum is set to account for around 60% of global aluminum demand by 2030 and 70% by 2040, to reach 57 mn tons, EGA noted in its statement.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emirates-global-aluminum\/\">Emirates Global Aluminum<\/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    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84004\" 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=\"84004\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/\">\r\n                            Bookbuilding for KSA\u2019s Leaf Global\u2019s IPO on Nomu set for 26 May                        <\/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\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/\" 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\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bookbuilding for KSA\u2019s Leaf Global\u2019s IPO on Nomu set for 26 May&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/&title=Bookbuilding for KSA\u2019s Leaf Global\u2019s IPO on Nomu set for 26 May\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bookbuilding+for+KSA%E2%80%99s+Leaf+Global%E2%80%99s+IPO+on+Nomu+set+for+26+May+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Fbookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may%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\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84005\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/bookbuilding-for-ksas-leaf-globals-ipo-on-nomu-set-for-26-may\/1386-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1386.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1386.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84004\" class=\"content-area-description single-story post-84004 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseclimate tag-ipo-watch 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\/5\/.c0f98e15-1bc6-45bd-a726-5691cf4cf914.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bookbuilding for Leaf Global Environmental Services\u2019 IPO <\/strong><strong>on KSA\u2019s parallel&nbsp;<\/strong><strong>market Nomu will begin on Sunday, 26 May<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1724220?IRAccessToken=Malath\" style=\"\" rel=\"noopener\">Argaam<\/a> reported on Thursday, citing the company\u2019s prospectus. The <a target=\"_blank\" href=\"https:\/\/leafglobal.com.sa\/\" style=\"\" rel=\"noopener\">Jeddah-based environment consultant<\/a> is preparing to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0cc58c0f-fd29-427c-a17b-d7d08cd22820\/three-more-companies-line-up-to-list-on-nomu,-tadawul%25e2%2580%2599s-parallel-market\" style=\"\" rel=\"noopener\">float a 30% stake<\/a> or 1.5 mn ordinary shares on Nomu at SAR 5 apiece.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The subscription period for the share sale, which is only open to qualified investors, <\/strong><strong>runs through Thursday, 30 May. <\/strong>Investors can place orders for a minimum of ten shares and a maximum of 250k shares each. Final allotment of shares is slated for Thursday, 6 June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A look at ownership post-IPO: <\/strong>The share sale will see Ghaith Saleh Mohammed Bin Laden \u2014 one of the company\u2019s two shareholders \u2014 sell down to a 4.5% hold from 34% before the transaction. Abdullah Saleh Mohammed Bin Laden will sell just 0.5%, retaining a 65.5% stake post-offering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the company:<\/strong> Established in 2007, Leaf offers multiple environmental consultancy services, including environmental impact assessment, ground and environmental surveys, marine environment services and monitoring and others. <strong>Its clients include Aramco, Acwa Power, <\/strong>Neom, Maaden, Samsung, Saudi BinLadin Group, and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Al Khair Capital is quarterbacking the transaction as financial advisor and lead manager, while receiving banks include SNB Capital, Al Rajhi Capital, Saudi Fransi Capital, Riyad Capital, Albilad Capital, AlJazira Capital, Alinma Investment and Derayah Financial. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ipo-watch\/\">IPO watch<\/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=\"84006\" 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=\"84006\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/\">\r\n                            Empower\u2019s 1Q revenues are up while bottomline dips                        <\/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\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/\" 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\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Empower\u2019s 1Q revenues are up while bottomline dips&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/&title=Empower\u2019s 1Q revenues are up while bottomline dips\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Empower%E2%80%99s+1Q+revenues+are+up+while+bottomline+dips+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Fempowers-1q-revenues-are-up-while-bottomline-dips%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\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2462.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84007\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/empowers-1q-revenues-are-up-while-bottomline-dips\/2462-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2462.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2462.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2462.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2462.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84006\" class=\"content-area-description single-story post-84006 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-district-cooling tag-earnings-watch tag-empower tag-enterpriseclimate tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.b2a9f3fb-0c41-4810-b348-c187ba4baa18.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A <\/strong><strong>slight <\/strong><strong>drop in Empower\u2019s bottomline:<\/strong>The UAE\u2019s Emirates Central Cooling Systems Corporation (Empower) recorded a 1% drop y-o-y in net income in 1Q 2024 to AED 167.4 mn, compared to AED 165.5 mn in the same period last year, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/319.pdf\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The company's revenues were up 8.8% y-o-y to AED 537.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Empower expects revenues to keep rising: <\/strong>Stricter government regulations are anticipated to curb greenhouse gasses in the coming years which will likely boost the expansion of district cooling as it offers more energy efficiency than conventional systems, the statement adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Empower\u2019s portfolio expanded in 1Q: <\/strong>The company began the process of connecting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0120be66-0d37-493e-b6c9-5b9cb7e2afab\/\" style=\"\" rel=\"noopener\">Dubai\u2019s Al Wasl skyscraper<\/a> to its district cooling network last month and inked an agreement with Al Habtoor Group to supply <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2763b67-18f3-41bd-a185-f5b68b8527f3\/\" style=\"\" rel=\"noopener\">Al Habtoor Tower<\/a> with district cooling services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Building on a profitable 2023?<\/strong> Empower saw its revenue jump <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0a4a4b9d-0d87-45c8-af33-dc99d63e1e21\/\" style=\"\" rel=\"noopener\">8.7% y-o-y in 2023<\/a> to its highest ever at AED 3.04 bn. The boost was off of its expanding portfolio which reached 1.5k buildings in Dubai, establishing a new 47k refrigeration ton district cooling plant in the Dubailand Residence complex, and upgrading its Jumeirah Beach Residence plant with an AED 102 mn investment.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/district-cooling\/\">district cooling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/empower\/\">Empower<\/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=\"84008\" 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=\"84008\">\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\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/\">\r\n                            UAE + Uzbekistan partner on tech and wastewater treatment                        <\/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\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/\" 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\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE + Uzbekistan partner on tech and wastewater treatment&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/&title=UAE + Uzbekistan partner on tech and wastewater treatment\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+%2B+Uzbekistan+partner+on+tech+and+wastewater+treatment+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Fuae-uzbekistan-partner-on-tech-and-wastewater-treatment%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\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/306.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84009\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/uae-uzbekistan-partner-on-tech-and-wastewater-treatment\/306-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/306.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"306.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/306.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/306.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84008\" class=\"content-area-description single-story post-84008 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-enterpriseclimate tag-uae tag-wastewater-treatment 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\/5\/.ec0181d1-2a9d-41a4-8e36-49d79ca70b19.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Uzbekistan<\/strong><strong> ramped up economic partnerships during the <\/strong><strong>latest <\/strong><strong>session of their joint economic committee<\/strong>,focusing on expanding into new and sustainable economic sectors, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b3005nj-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A3%D9%88%D8%B2%D8%A8%D9%83%D8%B3%D8%AA%D8%A7%D9%86-%D8%AA%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Sunday. The two countries inked agreements across sectors like tech and AI, trade, and wastewater treatment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Sustainable Water Solutions<\/strong> and <strong>Uzbekistan\u2019s Uzsuvtaminot<\/strong> inked an agreement to speed up the establishment of the <a target=\"_blank\" href=\"https:\/\/sws.ae\/news\/announcements\/abu-dhabi-sustainable-water-solutions-company-sws-signed-an-moa-with-uzsuvtaminot-jsc\/\" style=\"\" rel=\"noopener\">largest wastewater treatment plant<\/a> in Uzbekistan\u2019s capital, Tashkent. The plant will begin construction next year and is set to be fully operational by 2029 with a capacity of 1.5 mn cbm daily, serving around 3 mn people, Wam adds.<\/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 and New Zealand are in discussions to sign an economic partnership and trade agreement<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b30lt43-uae-new-zealand-launch-comprehensive-economic\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement would cover sectors including agriculture, tourism, technology, logistics, education, healthcare, and renewable energy. The two countries have already conducted \u201cexploratory discussions\u201d and public consultations, and are now \u201ceager to get started,\u201d Trade Minister Thani bin Ahmed Al Zeyoudi said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wastewater-treatment\/\">wastewater treatment<\/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=\"84010\" 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=\"84010\">\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\/05\/07\/added-alfahim-to-build-ecv-industrial-center-in-uae\/\">\r\n                            ADDED + Alfahim to build ECV industrial center in UAE                        <\/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\/05\/07\/added-alfahim-to-build-ecv-industrial-center-in-uae\/\" 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 new units will \u201caddress unprecedented global demand for AI infrastructure and the urgent need to support global energy transition by strengthening electricity grid technology.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The electrification business unit will work on advancing transmission and distribution <\/strong><strong>technologies<\/strong> with a focus on connecting renewable energy sources to the grid, according to the statement. Its scope of work will include advanced technologies for gas and hydrogen generation and compression. The AI infrastructure unit aims to develop AI manufacturing solutions, including network and communications equipment, servers, data center storage and networking equipment, industry 4.0 computing, and others.<\/p>\n<p class=\"tag-border-left\">DEBT WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi Fund for Development (SFD) is set to fund a water treatment and biogas <\/strong><strong>energy general project plant in El Salvador<\/strong> under a freshly-inked MoU, it said in a <a target=\"_blank\" href=\"https:\/\/www.sfd.gov.sa\/en\/n751\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. SFD said the MoU \u201crepresents a step towards\u201d the financing of the planned project on the Acelhuate River. It said a development loan will be provided by the SFD, with an agreement set to be signed later. No financial information or timeline for the project were disclosed. <\/p>\n<p class=\"tag-border-left\">ELECTRIC VEHICLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lucid + Kacst team up for EV technologies research: <\/strong>PIF-backed EV maker Lucid signed a MoU with King Abdulaziz City for Science and Technology (Kacst) to work together on joint research for EV infrastructure and aerodynamics, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/215.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> released on Thursday. The agreement will see them use Kacst facilities to study, test and evaluate EV batteries, autonomous driving and artificial intelligence technologies. They will also assess the performance of EVs in regards to the local weather. The joint research is scheduled for launch in 3Q 2024, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong>The PIF\u2019s investments in a lower-carbon future include national electric vehicle brand Ceer and investments in US-headquartered Lucid Motors among others. Ceer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf85c875-6540-4e80-b33d-b60825276545\/ceer-awards-construction-contract-for-ev-complex-%2B-establishes-a-timeline-to-launch\" style=\"\" rel=\"noopener\">awarded in March<\/a> a SAR 5 bn construction contract for its electric vehicle complex to local contractor Modern Building Leaders. It expects to complete works at its electric vehicle complex within two years. Lucid inaugurated last year its first overseas production facility in King Abdullah Economic City (Kaec). It plans to produce 155k EVs yearly in the Kingdom once it hits full capacity here in 2025. It <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/672238e9-7504-4bce-81e5-75444ffe6fdb\/saudi%25e2%2580%2599s-pif-doubles-down-on%253cmark%253e-lucid-%253c%2Fmark%253ewith-usd-1-bn-investment\" style=\"\" rel=\"noopener\">said in March<\/a> that it is raising USD 1 bn in capital from PIF unit Ayar Third Investment. The potential proceeds will finance the company\u2019s capex and working capital, among other things.<\/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>Abu Dhabi + Alfahim to partner on new EV industrial center: <\/strong>The Abu Dhabi Department of Economic Development (ADDED) and car dealer <a target=\"_blank\" href=\"https:\/\/alfahim.com\/\" style=\"\" rel=\"noopener\">Alfahim<\/a><a target=\"_blank\" href=\"https:\/\/alfahim.com\/\" style=\"\" rel=\"noopener\">Group<\/a> have preliminarily agreed to cooperate on establishing a new industrial center aimed at accelerating the commercialisation of the electric vehicle sector, according to a <a target=\"_blank\" href=\"https:\/\/added.gov.ae\/Media-Center\/Business-News\/New-manufacturing-facility-to-boost-electric-vehicle-ecosystem\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The center will include a manufacturing plant for electric buses and trucks, as well as for energy storage and charging technology. The groups will also provide training programs for those seeking work in the EV sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not the only UAE EV development in the works: <\/strong>German e-Roaming company Hubject inked an agreement with EV company Shahin to create a platform connecting all connecting charge point operators (CPOs) in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.hubject.com\/blog-posts\/hubject-enters-into-strategic-partnership-with-shahin-to-enhance-ev-charging-infrastructure-in-the-united-arab-emirates\" style=\"\" rel=\"noopener\">statement<\/a> from last week. The current EV charging infrastructure is scattered across several platforms but Hubject\u2019s new interface will allow users to access, locate, and pay for charging services using the operator of their choice. <\/p>\n<p class=\"tag-border-left\">M&amp;A WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taqat Mineral<\/strong><strong> wants all of Bayan Al Naql: <\/strong>Taqat Mineral Trading signed a non-binding MoU to fully acquire scrap recycling firm <a target=\"_blank\" href=\"https:\/\/www.bayanalnaql.sa\" style=\"\" rel=\"noopener\">Bayan Al Naql<\/a>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdrLUtttKuiWGmoi2l1grTHB3PVjhv2-pk2Bfcxt4XnhnEEMFYpLf6op3tZK80fue2QeL2GCuFxBFBDuQ-IFLNyGZeckc5UNAfdPTALvJyqNToA5if-UhjS0N4u0shB1QsH_Lw5sh8D3PhmTkgiEYqfgEHzoEiFWNKl__vHRduzTAgI6f-P3aGLrjUYmWyz7tRak0whbGKD1L1IosK6CORT4hD8avSHA!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83OTcyOC9jb21wYW55U3ltYm9sLzk1OTkvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> on Thursday. The four-month MoU sees both parties initiating discussions on the possibility of a transaction. A binding agreement should be finalized before 1 September unless both parties agree to an extension, according to the disclosure. No further details were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER\u2014 <\/strong>Taqat Mineral <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b157eaa5-e651-4c5e-9e50-17a6190c92be\/al-rasheed-issues-a-prospectus-for-its-upcoming-ipo-on-nomu\" style=\"\" rel=\"noopener\">rang the bell<\/a> on Nomu in March after floating a 20% stake. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Taqat Mineral Trading: <\/strong>Based in Riyadh, <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/taqat-mineral-company\/about\/\" style=\"\" rel=\"noopener\">Taqat Mineral Trading<\/a> is a scrap metal recycling company. The company transforms recyclable metals sourced from outdated products and structures into raw materials which can be reused in the production of new items.<\/p>\n<p class=\"tag-border-left\">DECARBONIZATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>partners with AIA:<\/strong> UAE\u2019s airline company <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/eg\/english\/\" style=\"\" rel=\"noopener\">Emirates<\/a> has partnered with Cambridge University's <a target=\"_blank\" href=\"https:\/\/www.cisl.cam.ac.uk\/convening\/aviation-impact-accelerator-aia\" style=\"\" rel=\"noopener\">Aviation Impact Accelerator (AIA)<\/a> to fund research and development projects aimed at reducing fossil fuels\u2019 climate impact in commercial aviation, according to a <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-partners-with-aviation-impact-accelerator-pledging-funding-for-research-and-development-of-emissions-reduction-pathways\/\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The collaboration marks the airline's first investment allocated from its USD 200 mn Sustainability Fund. The AIA is co-led by the University of Cambridge\u2019s <a target=\"_blank\" href=\"https:\/\/whittle.eng.cam.ac.uk\/\" style=\"\" rel=\"noopener\">Whittle Laboratory and Institute for Sustainability Leadership<\/a>, and is an international team of experts developing tools to support the transition to sustainable aviation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they\u2019ll do: <\/strong>Emirates will join other industrial partners including Boeing and Rolls-Royce and will explore developing tools such as the <a target=\"_blank\" href=\"https:\/\/recce.aiatools.org\/\" style=\"\" rel=\"noopener\">Resource to Climate Comparison Evaluator<\/a>, Journey Impact Simulator Tool, and the Climate Response to Aviation Future Scenarios Tool. These methods will help the airline evaluate and simulate the impact of various fuels, technologies, and operational changes on aviation's climate impact, the statement adds.<\/p>\n<p class=\"tag-border-left\">GREEN FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia is getting USD 60 mn to support SMEs, including those active in the green <\/strong><strong>sector:<\/strong> The Islamic Development Bank (IsDB) signed a joint financing agreement worth USD 60 mn with Tunisia to support SMEs in various sectors including renewable and low-carbon energy, Tunisian state news agency <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17411832-tunisia-isdb-sign\" style=\"\" rel=\"noopener\">TAP<\/a> reported last week. The agreement sees the Jeddah-based bank providing Tunisia USD 50 mn to support SMEs and a USD 10 mn grant under a partnership with the United Nations Industrial Development Organisation (Unido) for a similar purpose.<\/p>\n<p class=\"tag-border-left\">WASTE-TO-ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Dubai Electricity and Water Authority (Dewa) has launched a tender for the <\/strong><strong>development of the 6-12 MW Al Qusais landfill gas to energy project which will conclude tomorrow<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/175.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The Quais power plant will utilize landfill gas from Al Qusais landfill, with gas extraction falling under Dewa's scope. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Dewa will purchase power generated by the project through a long-term power purchase agreement. The developer will also co-own the project\u2019s company alongside the Dubai Green Fund.<\/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>Shell&nbsp;<\/strong><strong>Oman breaks ground on hydrogen refueling station: <\/strong>Shell Oman laid the first stone of Oman\u2019s first green hydrogen station on Sunday. The station has a daily on-site production capacity of 130 kg of green hydrogen and will be powered by a 120kW solar plant that will also power EV charging points, a wastewater irrigation system, and a vapor recovery system. (<a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2024\/05\/05\/foundation-stone-of-omans-first-hydrogen-refueling-station-laid\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a>)<\/li>\n<li><strong>Kuwait\u2019s&nbsp;<\/strong><strong>NBK joins PCAF: <\/strong>The National Bank of Kuwait (NBK) has joined the <a target=\"_blank\" href=\"https:\/\/carbonaccountingfinancials.com\/\" style=\"\" rel=\"noopener\">Partnership for Carbon Accounting Financials (PCAF)<\/a>, becoming the first bank in Kuwait and one of six in the MENA region to do so. The PCAF aids banks in measuring and disclosing the greenhouse gas emissions associated with their lending and investment portfolios. (<a target=\"_blank\" href=\"https:\/\/www.nbk.com\/kuwait\/news-and-insights\/media-relations\/news.html?news=nbk-is-the-first-bank-in-kuwait-to-join-the-partnership-for-carbon-accounting-financials--pcaf-\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Abu Dhabi launches Carbon Calculator: <\/strong>Abu Dhabi\u2019s Department of Culture and Tourism launched its Carbon Calculator allowing hotels to track and quantify carbon emissions and energy and water consumption with the aim of decarbonizing the tourism industry. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b30lsyc-dct-abu-dhabi-launches-its-carbon-calculator-atmf\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/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\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-to-energy\/\">WASTE TO 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=\"84012\" 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=\"84012\">\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\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/\">\r\n                            Antwerp + Namibia partner on new EUR 250 mn hydrogen and ammonia project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Antwerp + Namibia partner on new EUR 250 mn hydrogen and ammonia project&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/&title=Antwerp + Namibia partner on new EUR 250 mn hydrogen and ammonia project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Antwerp+%2B+Namibia+partner+on+new+EUR+250+mn+hydrogen+and+ammonia+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F07%2Fantwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project%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\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/374.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84013\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/antwerp-namibia-partner-on-new-eur-250-mn-hydrogen-and-ammonia-project\/374-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/374.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"374.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/374.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/374.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84012\" class=\"content-area-description single-story post-84012 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-ammonia tag-around-the-world tag-enterpriseclimate tag-eu tag-green-hydrogen tag-green-shipping 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\/5\/.a9d6f357-dedf-43b3-9e1b-647032eba4cb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Europe\u2019s second largest port Antwerp Bruges plans to develop a EUR 250 mn hydrogen <\/strong><strong>and ammonia storage and export facility in Namibia\u2019s Port of Walvis Bay<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-02\/port-of-antwerp-to-build-250-million-namibia-hydrogen-harbor\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. The facility will store and ship hydrogen and ammonia from companies to refuel passing ships and be used for heavy industry operations in Belgium, Germany, and other European countries. Completion is expected within three to five years and the project will be equally owned by the Port of Antwerp and the Namibian Port Authority. The facility\u2019s operator has not been determined, but talks are being conducted with a unit of MSC Mediterranean Shipping Company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Namibia is an important asset to Europe: <\/strong>Namibia is expected to provide Europe with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/47eead66-9f95-48e9-a675-22122b28b657\/ikea-owner-%2B-partners-to-build-norway%25e2%2580%2599s-1.5-gw-offshore-wind-farm\" style=\"\" rel=\"noopener\">750k tons of green fuel<\/a> annually in addition to imports from Egypt, Oman, Morocco, Chile, and Norway. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The European Commission awarded EUR 720 mn to seven green hydrogen projects in <\/strong><strong>Europe to help finance the production of green hydrogen in Europe<\/strong>, according to an official <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_2333\" style=\"\" rel=\"noopener\">statement<\/a> last week. This is the first competitive bidding process held under the European Hydrogen Bank with funds provided by revenues accrued by the EU Emissions Trading System. These projects will bridge the price gap between production costs and market prices in a bid to help Europe decarbonize industries such as steel, chemicals, maritime transport, and fertilizers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More about the projects:<\/strong> The selected projects aim to produce 1.58 mn tons of renewable hydrogen over ten years, reducing more than 10 mn tons of CO2 emissions. They are located across Finland, Spain, Norway and Portugal and will receive between EUR 8 mn to EUR 245 mn. Individual grant agreements by November and selected projects must begin production within five years of signing the agreements.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-shipping\/\">green shipping<\/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=\"84014\" 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\/05\/07\/84014\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84014\" class=\"content-area-description single-story post-84014 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;\">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=\"\">United Nations Climate Change Conference or Conference of the Parties (COP29)<\/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>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\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>Mubadala\u2019s Brazilian biofuel plans | Acwa will build Central Asia\u2019s largest wind farm | EGA\u2019s Leichtmetall acquisition is complete | EU-China trade war intensifies<\/p>\n","protected":false},"featured_media":83991,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83990","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8a7bc7bb-a4aa-438c-a4b7-dd75e663cb9f","teaser":"Mubadala\u2019s Brazilian biofuel plans | Acwa will build Central Asia\u2019s largest wind farm | EGA\u2019s Leichtmetall acquisition is complete | EU-China trade war intensifies","photo_url":"https:\/\/ent.news\/2024\/4\/508.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>Acwa Power set to build a 5 GW wind farm in Uzbekistan - 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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