{"id":84911,"date":"2024-06-24T00:00:00","date_gmt":"2024-06-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=84911"},"modified":"2025-12-15T11:00:27","modified_gmt":"2025-12-15T11:00:27","slug":"masdar-set-to-purchase-67-stake-in-greeces-terna-energy","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-set-to-purchase-67-stake-in-greeces-terna-energy\/","title":{"rendered":"Masdar set to purchase 67% stake in Greece\u2019s Terna Energy"},"content":{"rendered":"<section id=\"84913\" 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=\"84913\">\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\/06\/24\/masdar-snaps-up-more-eu-assets-pifs-holon-acquisition-gets-the-thumbs-up\/\">\r\n                            TODAY: Masdar snaps up more EU assets + PIF\u2019s Holon acquisition gets the thumbs up                        <\/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\/06\/24\/masdar-snaps-up-more-eu-assets-pifs-holon-acquisition-gets-the-thumbs-up\/\" 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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First, a quick check on what\u2019s afoot on the EU-China front\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- China + EU initiate talks on EV tariffs: <\/strong>China and the EU have agreed to start talks on the planned imposition of tariffs on Chinese-made EVs entering the European market, as confirmed by EU Commissioner Valdis Dombrovskis to Germany\u2019s Economy Minister Robert Habeck. The EU passed a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/eu-impose-multi-billion-euro-tariffs-chinese-evs-ft-reports-2024-06-12\/\" style=\"\" rel=\"noopener\">decision this month<\/a> to push tariffs on imports of Chinese EVs to up to 48% on some vehicles. The move follows an anti subsidy investigation initiated by the supranational political union last year against Chinese EVs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tariffs <\/strong><strong>are<\/strong><strong> not a \u201cpunishment\u201d: <\/strong>Habeck <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/eu-tariffs-china-not-punishment-says-german-economy-minister-2024-06-22\/#:~:text=BEIJING%2C%20June%2022%20(Reuters),officials%20in%20Beijing%20on%20Saturday.\" style=\"\" rel=\"noopener\">reassured Chinese officials<\/a> that proposed EU tariffs on Chinese-made EVs are not punitive but are intended to level the playing field. The EU claims not to implement punitive tariffs the way that the US, Brazil and Turkey have. \u201cCommon, equal standards for market access should be achieved,\u201d Habeck said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are the tariffs already hitting trade volumes? <\/strong>German exports to China dropped 14% y-o-y last month, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f4d83b55-3277-4bf2-8185-9f3d10059c40\" style=\"\" rel=\"noopener\">FT<\/a> reports. Although tensions could be rising between Beijing and Berlin over the EV tariffs, analysts and economists suggest the export decline is likely attributable to other factors, including weaker auto sales in China or \u201ca lagged impact of the Red Sea blockage.\u201d It doesn\u2019t look like this reading is the start of a new downtrend,\u201d Oxford Economics economist Oliver Rakau said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As one door opens, another door closes: <\/strong>The Canadian government is also mulling passing its own set of fresh tariffs on Chinese-made EVs, in a bid to match actions by the US and EU, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-20\/canada-prepares-potential-tariffs-on-china-electric-vehicles-after-us-eu-moves\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The decision is still pending, with public consultations about the matter expected to kick off soon, the business information service cites officials as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed headlines worldwide in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/german-economy-minister-says-eu-open-talks-china-tariffs-2024-06-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9902c9f2-3664-4a23-a5a5-77bca4979d96\" style=\"\" rel=\"noopener\">The Financial Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-22\/china-european-union-agree-to-hold-talks-on-ev-tariffs\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/06\/22\/business\/china-germany-tariffs-trade.html\" style=\"\" rel=\"noopener\">The New York Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/23\/eu-and-china-set-for-talks-on-planned-electric-vehicle-tariffs.html\" style=\"\" rel=\"noopener\">CNBC<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cw999dwp313o\" style=\"\" rel=\"noopener\">BBC<\/a><\/strong><strong>.<\/strong><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt and the European Union will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/invegyeu.com\/?fbclid=IwZXh0bgNhZW0CMTAAAR3lJoKQEpn0mpJWgFqFL21XBJqbP5TyDsgJ1qEkaDRaQ7rX130-YQK7RMc_aem_hI6Gc2gB6rWx_wuaEtfRzw\" style=\"\" rel=\"noopener\">Egypt-EU Investment Conference<\/a><\/strong><strong> in Cairo <\/strong><strong>from Saturday, 29 June to Sunday, 30 June<\/strong>. The two-day conference will present and discuss potential areas of investment and cooperation in the green economy, renewable energy, and food and water security, in efforts to boost the green transition and climate resilience.<\/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\"><strong><a id=\"wwtt1\"><\/a> #1- <\/strong><strong>One step closer <\/strong><strong>to a Saudi-US nuclear agreement? <\/strong>Members of the US Congress have been briefed on a proposed Saudi-US nuclear agreement that is part of what officials hope will be a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/538fa1db-058f-44d5-bcdb-d9ed1a99cf6b\" style=\"\" rel=\"noopener\">landmark series of agreements<\/a> between Riyadh and Washington, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-14\/us-saudi-nuclear-deal-near-congress-briefed-on-details\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Sen. Jeff Merkley (Democrat, Oregon) told Bloomberg that the Senate Foreign Relations Committee received a classified briefing on the agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A shift of tactics? <\/strong>The Senate Foreign Relations Committee Chairman Senator Ben Cardin (Democrat, Maryland) said he has ordered staff to revisit limits that were enforced on arms sales to the Kingdom, signaling warming ties between the two countries, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-13\/arms-sales-to-saudi-arabia-being-reviewed-as-security-deal-nears\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported separately. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The nuclear pact is part of a series of agreements that Saudi and US officials hope will open a new chapter in relations. It would also include a defense pact and a third agreement that will see Saudi give preference to US and Western advanced and AI technologies over Chinese rivals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER SAUDI NEWS- Saudi Industry and Mineral Resources Minister Bandar Alkhorayef is set to touch down in <\/strong><strong>Chile \u2014 the world\u2019s second-largest lithium producer \u2014 next month<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/chile-says-saudi-mining-minister-visit-lithium-expected-agenda-2024-06-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a Chilean government source. Alkhorayef is looking into the possibility of sourcing lithium, a key component for EV and battery storage production. No date for the meeting has yet been set.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Lithium is a critical component of both modern consumer electronics and the green transition, factoring into everything from rechargeable batteries for phones and computers to electric vehicles and grid storage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s much more in the pipeline for South America:<\/strong> The Public Investment Fund (PIF) plans to invest USD 15 bn in Brazil, the country\u2019s energy minister said at the FII Institute summit in Rio de Janeiro earlier this month, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabias-pif-plans-invest-15-billion-brazil-says-brazilian-minister-2024-06-12\/#:~:text=RIO%20DE%20JANEIRO%2C%20June%2012,for%20energy%20said%20on%20Wednesday.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The sovereign wealth fund will reportedly invest the money into green hydrogen, renewable energy, and infrastructure, the minister said. No further details on the investments or the timeline were provided.<\/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 Qatar Stock Exchange is exploring the possibility of launching a sustainability fund <\/strong><strong>soon<\/strong>, the Exchange\u2019s CEO Abdulaziz Al-Emadi told Zawya (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D9%81%D9%8A%D8%AF%D9%8A%D9%88-%D9%88%D8%A8%D9%88%D8%AF%D9%83%D8%A7%D8%B3%D8%AA-%D9%88%D8%B5%D9%88%D8%B1\/%D9%81%D9%8A%D8%AF%D9%8A%D9%88\/%D9%81%D9%8A%D8%AF%D9%8A%D9%88-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%82%D8%B7%D8%B1-%D8%A8%D8%A7%D9%84%D9%88%D9%83%D8%A7%D9%84%D8%A9-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9-%D9%82%D8%B1%D9%8A%D8%A8%D8%A7-ounbjff8\" style=\"\" rel=\"noopener\">watch, runtime 05:46<\/a>) on the sidelines of the annual conference of the Federation of Arab Capital Markets. No timeline of investment value was disclosed for the fund. Qatar\u2019s debut blockbuster <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/34146101-b214-4c92-ad11-a1d683dd4b83\" style=\"\" rel=\"noopener\">USD 2.5 green bond issuance<\/a> pulled in USD 14 bn in orders racking up a 5.6x oversubscription rate last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Citizens from the world\u2019s largest fossil fuel producers have voiced a strong desire for a <\/strong><strong>swift transition to clean energy<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1392.pdf\" style=\"\" rel=\"noopener\">new UN poll (pdf)<\/a>. The survey \u2014 which included 75k participants from 77 nations \u2014 revealed that a majority in countries like Saudi Arabia, China, India, and the US are concerned over the climate crisis and its impact on their lives. An overwhelming 80% of Chinese and 76% of Indian respondents support rapid green initiatives, while 54% of Americans and 75% of Saudis echo the sentiment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A global consensus on the urgency of climate action:<\/strong> The findings show that 80% of the surveyed people want their nations to enhance their climate commitments, with only 5% suggesting a reduction in climate action. 86% advocated for international cooperation on climate while setting aside geopolitical differences to tackle the crisis. 79% of respondents believe wealthier nations should increase support to less developed countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- <\/strong><strong>EU <\/strong><strong>approves financing for Germany\u2019s Hydrogen Core Network: <\/strong>The European Commission has approved approximately EUR 3 bn in German state aid for the construction of the Hydrogen Core Network (HCN) \u2014 a system of hydrogen pipelines to facilitate Europe\u2019s transition to green energy, according to a <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_3405\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. Germany will offer financial backing to companies building the pipeline to help them secure better loans and manage initial costs during the network's launch phase in 2025. The network will connect wind power parks in the north to industrial centers in the south and is expected to be completed by 2037.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works: <\/strong>Germany presented its plan for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10958daf-d085-4a87-84ea-73cfe69ff0a7\" style=\"\" rel=\"noopener\">core network for hydrogen fuel<\/a> which will cost EUR 20 bn (USD 21 bn) and span over 9.7k km last November. The European Commission also revealed plans to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/69c3fe07-4bdf-4ab1-a900-a1caa0cdf119\" style=\"\" rel=\"noopener\">EUR 3 bn<\/a> to develop the green hydrogen market from a new hydrogen bank in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EU NEWS- The European Commission has proposed initially exempting long-haul flights from new rules requiring airlines to monitor their non-CO2 emissions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/eu-drafts-plan-exempt-long-haul-flights-new-emissions-rules-2024-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing documents it had seen. The draft plans would require airlines to report climate impacts from soot, nitrogen oxides, and water vapor starting next January, but only for flights within Europe until 2027. While international carriers are seeking exemptions, low-cost European airlines are advocating for all flights to be included, Reuters writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>The block has approved its nature restoration policy aiming to<\/strong><strong> restore damaged ecosystems across a fifth of EU land and sea by 2030<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/eu-countries-approve-landmark-nature-law-after-delays-2024-06-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The legislation has previously been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d0d131f5-b824-476d-97ee-e2b006d48c92\/today:-saudi%25e2%2580%2599s-pif-doubles-down-on-lucid-with-usd-1-bn-investment\" style=\"\" rel=\"noopener\">met with resistance<\/a> amid concerns over its impact on agriculture and other industries which led the bloc to soften numerous policies within the legislature to satisfy the farmers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>G7 members have committed to accelerated energy transition plans to achieve net-zero <\/strong><strong>by 2050<\/strong><strong> but climate activists say the plans have no added value<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/g7-leaders-commit-faster-transition-fossil-fuels-draft-statement-2024-06-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a draft statement it has seen. The draft documents mention phasing out coal power during the first half of the 2030s \u2014 which was already agreed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/49323739-3e66-4bc3-ab31-fa005d1a6639\/today:-ma%25e2%2580%2599aden-and-pif-finalize-vale-acquisition-%2B-wave-energy-picks-up-in-oman\" style=\"\" rel=\"noopener\">upon in May<\/a> \u2014 but provide an alternative flexible pathway for the phaseout to happen \u201cin a timeline consistent with keeping a limit of a 1.5\u00b0C temperature rise within reach, in line with countries' net-zero pathways.\u201d The document also commits to reducing methane emissions from fossil fuels by 75% by 2030, however dilutes this pledge by confirming the possibility of public investments in natural gas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Climate activists were not impressed: <\/strong>Climate activists criticized the statements for having \u201cadded no value\u201d beyond pledges already made at previous lower-level meetings, and for not making any concrete commitments, Reuters wrote. Activists were also unimpressed by approving the use of the gas sector as a \u201ctemporary response\u201d to phasing out dependency on Russian energy as they hoped for more explicit energy transition language ahead of COP29. <\/p>\n<p class=\"tag-border-left\">COP WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dispute over global climate funding goals continue ahead of COP29: <\/strong>While key negotiations for COP29 will focus on channeling USD tns from developed nations to emerging markets, disagreement persists over financial responsibilities after no consensus was reached at the pre-COP29 meetings in Bonn earlier this month, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/climate-change-funding-talks-stuck-ahead-cop29-summit-2024-06-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Nations will agree on a new target to replace the previous USD 100 bn, which was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0b443324-1480-4e76-9dc7-b0febe3881bd\/today:-acwa%25e2%2580%2599s-usd-6.2%253cmark%253e-bn%253c%2Fmark%253e-tunisian-green-hydrogen-project\" style=\"\" rel=\"noopener\">achieved two years later<\/a> than planned. There are doubts that countries will agree to the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/un-climate-chief-calls-24-trillion-climate-finance-2024-02-02\/\" style=\"\" rel=\"noopener\">USD 2.4 tn goal<\/a> set forth by UN climate chief Simon Stiell in February, although they agreed that USD 100 bn is too low. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China + KSA pressured to contribute to green funds:<\/strong> New tariffs affecting China from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/817b4a75-e1ec-4ee1-9fc5-7d43042419f6\/today:-egypt-cinches-a-major-ev-manufacturing-agreement-%2B-dp-world-electrifies-its-jebel-ali-freight-fleet\" style=\"\" rel=\"noopener\">US<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1419c306-dec9-4a0d-92eb-9810a3397435\/today:-ceer-inks-major-supply-agreement-with-hyundai-%2B-uae%25e2%2580%2599s-tenderd-closes-series-a-funding-round\" style=\"\" rel=\"noopener\">EU<\/a> have left the nation\u2019s position on climate funding unclear, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-13\/cop29-negotiators-gear-up-for-fights-over-climate-finance?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> added. However, China\u2019s massive economy requires it to contribute to climate funding, alongside Saudi Arabia, which is responsible for major fossil fuels production, an anonymous European negotiator told Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER COP NEWS- The World Bank's board has approved a plan to serve as the interim host for the climate Loss and Damage Fund<\/strong>, aimed at supporting developing countries affected by climate change, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/world-bank-board-agrees-host-climate-loss-damage-fund-2024-06-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. While some countries worry about donor influence, the fund will maintain an independent board and governance structure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Not everyone is happy with the WB\u2019s position as fund host: <\/strong>While developed countries <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2c3501bf-7638-42d0-b1a7-abab38c7bab1\" style=\"\" rel=\"noopener\">see the World Bank as well-placed<\/a> for the role given its global outreach, its increased commitment to funding green projects, and its experience with similar financial bodies (such as the Green Climate Fund), developing countries wanted to create a standalone facility under the remit of the UN. The Loss and Damage Corporation also <a target=\"_blank\" href=\"https:\/\/twitter.com\/LossandDamage\/status\/1715676780143456516\" style=\"\" rel=\"noopener\">mentioned concerns<\/a> over the Bank\u2019s heavy emphasis on loans and debt in its approach, as well as the control that the US and other developed countries have on its decision making.<\/p>\n<p class=\"tag-border-left\">THE SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Energy <\/strong><strong>emissions break new records in 2023: <\/strong>Global fossil fuel consumption and carbon emissions reached record highs in 2023, despite a slight decrease in fossil fuels' share of the global energy mix, with emissions surpassing 40 gigatonnes of CO2, according to a recent <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1389.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Statistical Review of World Energy. The top 10 CO2 emitters from energy production released a record-breaking 24.5 bn metric tons in 2023, surpassing the previous year's emissions by 582 mn tons, despite reductions by half of the top emitters. The overall energy demand reached an all-time high of 620 exajoules. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The culprits: <\/strong>China, the US, and India were the largest contributors, with China alone accounting for an 11.2 bn ton output, marking its highest increase since 2011, the report adds. While some countries like the US, Germany, Japan, South Korea, and Indonesia have successfully reduced their energy emissions, others, including Russia, Saudi Arabia, and Iran, have seen their emissions rise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Green, social, sustainable and sustainability-linked bonds reached a record USD 273 <\/strong><strong>bn in 1Q 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ee5186f4-1ecb-4f5a-93d2-e4f7ab57a35d\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reports, citing data from <a target=\"_blank\" href=\"https:\/\/www.climatebonds.net\/2024\/06\/record-start-year-sustainable-debt\" style=\"\" rel=\"noopener\">The Climate Bonds Initiative<\/a>. Green bond issuances increased 43% compared to the previous quarter with a total of USD 195.9 bn raised. The growth is attributed to investors seeking to secure attractive yields while showing their environmental commitment, despite the narrowing of the \u201c <a target=\"_blank\" href=\"https:\/\/www.undp.org\/blog\/identifying-greenium\" style=\"\" rel=\"noopener\">greenium<\/a> \u201d\u2014a borrowing cost discount for green bond issuers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key players in the trend:<\/strong> Green bond issuance has rebounded after a slow 2023 in the US, with USD 27.6 bn issued in 1Q. Emerging markets are also participating, with Ivory Coast issuing a USD 1.1 bn sustainable bond, its first USD-denominated bond in seven years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Global hydropower needs USD 130 bn annually to meet net zero goals: <\/strong>Global hydropower investment needs to reach USD 130 bn annually by 2050 to double capacity and meet climate goals, according to a new <a target=\"_blank\" href=\"https:\/\/www.hydropower.org\/publications\/2024-world-hydropower-outlook\" style=\"\" rel=\"noopener\">report<\/a> by the International Hydropower Association. The current growth rate of hydropower \u2014 which saw an increase of 13.5 GW to 1.412 TW in 2023 \u2014 must accelerate from 20 GW to 50 GW annually to successfully reach this goal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Egypt and Morocco are ahead of the game: <\/strong>Egypt and Morocco <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1419c306-dec9-4a0d-92eb-9810a3397435\/today:-ceer-inks-major-supply-agreement-with-hyundai-%2B-uae%25e2%2580%2599s-tenderd-closes-series-a-funding-round\" style=\"\" rel=\"noopener\">were included<\/a> in the ten African countries that added the most hydropower in 2023. Egypt installed an additional 2.876 GW of hydropower capacity, while Morocco added 1.77 GW.<\/p>\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Africa\u2019s Great Green Wall off track for 2030 completion: <\/strong>Africa\u2019s Great Green Wall \u2014 a project adopted by the African Union in 2007 to combat desertification in the Sahel region \u2014 is unlikely to be completed in 2030 as planned due to a lack of funds, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/africas-great-green-wall-miss-2030-goal-says-un-desertification-president-2024-06-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing comments made by president of the 2022 UN summit on desertification Alain Richard Donwahi. The project \u2014 which aims to restore an 8k km corridor from the Atlantic to the Red Sea and benefit the economies of some of the poorest countries in the world \u2014 is only 30% complete at this stage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s still a ways to go: <\/strong>The Great Green Wall needs at least USD 33 bn more in funding. International donors had pledged around USD 19 bn, but as of last year only USD 2.5 bn has been allocated, with the rest due by the end of next year. However, some of the pledges are directed to multiple international development projects, not just the Green Wall, making it unclear whether the the funding needed will be successfully achieved. <\/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>Get your own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/user\/subscribe-details\" style=\"\" rel=\"noopener\">subscription without charge here<\/a><\/strong> or reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nuclearpowerplantsexpo.com\/\" style=\"\" rel=\"noopener\">Nuclear Power Plants Summit &amp; Expo<\/a><\/strong><strong> from Tuesday, 2 July to <\/strong><strong>Wednesday, 3 July<\/strong> in Istanbul. The event will gather utility companies, independent power producers, government officials, and industry leaders to explore nuclear power projects, plans, products and tech solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egyptminingforum.com\/\" style=\"\" rel=\"noopener\">Egypt Mining Forum<\/a><\/strong><strong> from Tuesday, 16 July to Wednesday, 17 <\/strong><strong>July<\/strong> in Cairo. The event will convene decision-makers from government, industry experts, new exploration firms, financiers, and investors to explore the challenges and advantages to establish Egypt as a leading global mining hub by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/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=\"84915\" 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=\"84916\" 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=\"84916\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/masdar-set-to-purchase-67-stake-in-greeces-terna-energy\/\">\r\n                            Masdar set to purchase 67% stake in Greece\u2019s Terna Energy                        <\/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\/06\/24\/masdar-set-to-purchase-67-stake-in-greeces-terna-energy\/\" 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 shares are priced at EUR 20, valuing the company at EUR 3.2 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The move pushes Masdar closer to achieving its goal of 100 GW of global energy capacity by 2030, the statement says. Terna \u2014 the largest investor in Greece\u2019s renewables sector \u2014 aims to achieve 6 GW operational renewables capacity by 2030 while its parent company <a target=\"_blank\" href=\"https:\/\/www.gekterna.com\/\" style=\"\" rel=\"noopener\">Gek Terna<\/a> is hoping to become a leader of diversified infrastructure in Greece and Southeast Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big acquisitions are the way to go for Masdar: <\/strong>Higher interest rates have \u201ctriggered a realization to the market that the valuation they were thinking of is not real,\u201d in contrast to the high valuations people were expecting when interest rates were at zero or negative, Chief Executive Mohamed Jameel Al Ramahi told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/42b3737f-e252-41bf-8028-24d00ca32d48\" style=\"\" rel=\"noopener\">Financial Times<\/a>. In order to meet the company\u2019s 100 GW goal, Masdar needs \u201cto start thinking about making big acquisitions,\u201d Al Ramahi added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Masdar\u2019s first Greek venture:<\/strong> Masdar and the Greek Ministry of Environment and Energy, signed an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a21690-684f-4883-b0cd-37e8b85b40af\/uae-and%253cmark%253e-greece%253c%2Fmark%253e-expand-green-investments-%2B-implement-more-green-transition-projects\" style=\"\" rel=\"noopener\">in March<\/a> to implement more projects under the GR-Eco Islands initiative which aims to accelerate the green transition of the Greek isles. Last December, Masdar also signed an agreement to collaborate on green infrastructure in Poros Island. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Terna Energy: <\/strong>Terna Energy is a clean energy platform that specializes in financing, developing, constructing, and operating renewable energy facilities with emphasis on wind, solar, hydroelectric, and pumped storage projects, according to their <a target=\"_blank\" href=\"https:\/\/www.terna-energy.com\/\" style=\"\" rel=\"noopener\">website<\/a>. It is the largest investor in Greece\u2019s renewables sector. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/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=\"84918\" 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=\"84918\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/\">\r\n                            PIF closes in on Holon acquisition after getting nod from regulator                        <\/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\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/\" 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\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/')\">\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\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=PIF closes in on Holon acquisition after getting nod from regulator&url=https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/\">\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\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/&title=PIF closes in on Holon acquisition after getting nod from regulator\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=PIF+closes+in+on+Holon+acquisition+after+getting+nod+from+regulator+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F06%2F24%2Fpif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator%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\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1339.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84919\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/pif-closes-in-on-holon-acquisition-after-getting-nod-from-regulator\/1339-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1339.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1339.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1339.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1339.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84918\" class=\"content-area-description single-story post-84918 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-evs tag-ma-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\/6\/.cfa5573b-b31d-4743-bb5b-7458db9cfe1a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF gets the green light to snap up Germany\u2019s Holon: <\/strong>Saudi sovereign wealth fund The Public Investment Fund (PIF) has secured the European Commission\u2019s approval of its acquisition and joint control of German green mobility firm <a target=\"_blank\" href=\"https:\/\/www.driveholon.com\/en\/\" style=\"\" rel=\"noopener\">Holon<\/a> \u2014 a wholly-owned subsidiary of Austria-based car-parts manufacturer <a target=\"_blank\" href=\"https:\/\/www.benteler.com\/en\/\" style=\"\" rel=\"noopener\">Benteler International<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/mex_24_3402\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The transaction will be made through the PIF\u2019s vehicle development arm, <a target=\"_blank\" href=\"https:\/\/www.tasaru.com\/\" style=\"\" rel=\"noopener\">Tasaru Mobility Investments<\/a>. No further details were provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Tasaru and Benteler <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/23956d8f-bb70-4b57-b2fe-31e886440c13\" style=\"\" rel=\"noopener\">inked an agreement<\/a> in February to have the PIF subsidiary acquire up to a 38% stake in Holon. Tasaru\u2019s undisclosed nine-figure investment \u2014 which had been pending regulatory approval \u2014 will be disbursed in tranches. The first tranche was scheduled to be paid this past April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Tasaru: <\/strong>The investment company was launched in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8c166d36-61f3-4cb4-8ea9-20c64c527bb7\" style=\"\" rel=\"noopener\">October 2023<\/a> and is 100% owned by PIF. Its mandate is to develop domestic supply chain capabilities in the automotive, mobility, and next-gen industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banking on self-driving EVs: <\/strong>Holon <a target=\"_blank\" href=\"https:\/\/www.benteler.com\/en\/press-media\/news-and-press-releases\/detail\/BENTELER-is-about-to-secure-a-multi-million-investment-for-autonomous-HOLON-Mover\/\" style=\"\" rel=\"noopener\">will use the fresh funds<\/a> to set up three new manufacturing plants in the Kingdom, Europe, and the US for the production of its autonomous and fully-electric <a target=\"_blank\" href=\"https:\/\/www.driveholon.com\/en\/the-mover\/\" style=\"\" rel=\"noopener\">Mover series<\/a>. The self-driving zero-emission shuttles are designed for public transport, suitable for both on-demand and scheduled services. They can accommodate up to 15 passengers at a time, traveling at a maximum speed of 60 km\/hour. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cHolon\u2019s revolutionary Mover aligns perfectly with Tasaru's vision for a smarter and more sustainable future. Together, we aim to unlock the Mover's potential, bringing significant benefits to Saudi Arabia and other regions, establishing the Kingdom as a hub for autonomous mobility innovation and manufacturing,\u201d Tasaru CEO <a target=\"_blank\" href=\"https:\/\/www.benteler.com\/en\/press-media\/news-and-press-releases\/detail\/BENTELER-is-about-to-secure-a-multi-million-investment-for-autonomous-HOLON-Mover\/\" style=\"\" rel=\"noopener\">Micheal Mueller said<\/a> in February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Saudi is aiming big for EVs: <\/strong>Ceer \u2014 the Kingdom\u2019s first electric vehicle brand \u2014 inked <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0fd758d2-b30f-4961-afed-125c03938942\" style=\"\" rel=\"noopener\">earlier this month<\/a> a SAR 8.2 bn (c. USD 2.2 bn) contract with global auto parts maker Hyundai Transys to supply advanced EV drive systems (EDS) for its vehicles. It plans to install the integrated drive systems in all of its EVs lineup, which includes SUVs, sedans and coupe models. The contract marks the first by Hyundai Transys for a global automaker.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84920 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"84920\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/84920\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84920\" class=\"content-area-description single-story post-84920 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareinfinitypower.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/851.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84921\" 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=\"84921\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/\">\r\n                            Abu Dhabi\u2019s getting a new hydrogen equipment manufacturing complex                        <\/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\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/\" 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\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/')\">\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\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/\">\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=Abu Dhabi\u2019s getting a new hydrogen equipment manufacturing complex&url=https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/\">\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\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/&title=Abu Dhabi\u2019s getting a new hydrogen equipment manufacturing complex\">\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=Abu+Dhabi%E2%80%99s+getting+a+new+hydrogen+equipment+manufacturing+complex+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F06%2F24%2Fabu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex%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\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1470.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84922\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/abu-dhabis-getting-a-new-hydrogen-equipment-manufacturing-complex\/1470-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1470.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1470.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1470.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1470.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84921\" class=\"content-area-description single-story post-84921 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-enterpriseclimate tag-green-hydrogen 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\/6\/.a09d45fc-1456-4a3c-8b4a-2759949bad68.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boost for UAE\u2019s hydrogen production:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.added.gov.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Department of Economic Development<\/a><a target=\"_blank\" href=\"https:\/\/www.added.gov.ae\/en\" style=\"\" rel=\"noopener\">(ADDED)<\/a> and Dubai-based power provider <a target=\"_blank\" href=\"https:\/\/www.broaden-energy.com\/\" style=\"\" rel=\"noopener\">Broaden Energy<\/a> have partnered to establish the first hydrogen equipment manufacturing complex, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-department-of-economic-development-partners-with-broaden-energy-to-establish-hydrogen-equipment-manufacturing-complex-in-the-emirate\/\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The project aims to attract AED 1 bn in investments and support the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-industrial-strategy\/\" style=\"\" rel=\"noopener\">Abu Dhabi Industrial<\/a><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-industrial-strategy\/\" style=\"\" rel=\"noopener\">Strateg<\/a><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-industrial-strategy\/\" style=\"\" rel=\"noopener\">y<\/a> and UAE National Hydrogen Strategy to develop a hydrogen industrial supply chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Knowledge exchange is an integral part of the agreement:<\/strong> \u201cThe partnership between ADDED and Broaden Energy will facilitate a continuous exchange of knowledge and research, with a focus on renewable energies and green hydrogen technologies,\u201d the statement said, adding that the collaboration will drive innovation and accelerate the adoption of clean energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of bigger plans:<\/strong> UAE\u2019s <a target=\"_blank\" href=\"https:\/\/u.ae\/en\/about-the-uae\/strategies-initiatives-and-awards\/strategies-plans-and-visions\/environment-and-energy\/national-hydrogen-strategy\" style=\"\" rel=\"noopener\">hydrogen strategy<\/a> aims to produce 1.4 mn tons of green hydrogen by 2031, becoming one of the ten largest hydrogen producers. The strategy includes establishing hydrogen hubs and producing hydrogen equipment locally to boost the country\u2019s energy infrastructure and encourage the use of the green fuel in industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Broaden Energy: <\/strong>The Dubai-based company started operations in 2019 as a mechanical, electrical and plumbing (MEP) provider, according to their <a target=\"_blank\" href=\"https:\/\/www.broaden-energy.com\/about-us\" style=\"\" rel=\"noopener\">website<\/a>. Broaden\u2019s <a target=\"_blank\" href=\"https:\/\/www.broaden-energy.com\/projects\" style=\"\" rel=\"noopener\">projects<\/a> include the third and fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park, Al Dhafra solar plant, and Adnoc\u2019s refuelling station. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84923\" 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=\"84923\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/hainan-drinda-will-establish-a-usd-700-mn-solar-cell-facility-in-oman\/\">\r\n                            Hainan Drinda will establish a USD 700 mn solar cell facility in Oman                        <\/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 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       <\/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\/06\/24\/hainan-drinda-will-establish-a-usd-700-mn-solar-cell-facility-in-oman\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1722.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84924\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/hainan-drinda-will-establish-a-usd-700-mn-solar-cell-facility-in-oman\/1722-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1722.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1722.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1722.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1722.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84923\" class=\"content-area-description single-story post-84923 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-oman tag-solar tag-solar-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\/6\/.93e2a11f-be2f-4ffa-b7c4-a3b34f605e03.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Oman <\/strong><strong>gets a photovoltaic cell project:<\/strong> Chinese solar panel manufacturer <a target=\"_blank\" href=\"http:\/\/www.drinda.com.cn\/\" style=\"\" rel=\"noopener\">Hainan<\/a><a target=\"_blank\" href=\"http:\/\/www.drinda.com.cn\/\" style=\"\" rel=\"noopener\">Drinda New Energy Technology<\/a> has signed a provisional agreement with Oman Investment Authority (OIA) to establish a USD 700 mn high-efficiency photovoltaic cell facility in Oman, <a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1155231\/business\/energy\/first-ever-solar-pv-cell-project-planned-in-oman\" style=\"\" rel=\"noopener\">Oman O<\/a><a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1155231\/business\/energy\/first-ever-solar-pv-cell-project-planned-in-oman\" style=\"\" rel=\"noopener\">bserver<\/a> reported last week. The proposed plant will have an annual production capacity of 10 GW solar cells, to be rolled out in two 5 GW phases. This marks the first PV-cell project for the sultanate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Hainan's PV cells:<\/strong> The Chinese firm will mass produce <a target=\"_blank\" href=\"https:\/\/www.alternergy.co.uk\/blog\/post\/topcon-solar-cells\" style=\"\" rel=\"noopener\">N-type TOPCon<\/a> cells \u2014 considered one of the top cell technologies with high bifaciality, a feature that allows for additional energy to be generated from the bottom side of the module. Hainan\u2019s share of the TOPCon cell market was \u201cmore than 57% in 2023, making it the largest producer of these high-efficiency cells globally,\u201d according to Oman Observer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In line with Oman\u2019s hydrogen goals: <\/strong>Oman's goal to produce 1.38 mn tons annually by 2030 requires a significant amount of renewable energy equating to roughly 35 GW of solar and wind farms, the report adds. Oman's Hydrom estimates this will require around 40 mn solar panels and over 6k wind turbines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Hainan: <\/strong>Hainan Drinda was established in 2003 as an auto parts manufacturer, venturing into solar energy in 2020 by buying a 51% majority stake in Shangrao Jietai New Energy Technology and acquiring the rest of the company in 2022, the news outlet said. The company became the first in the world to mass produce the high-efficiency solar cell N-type TOPCon last year with a 57% market share.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84925\" 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=\"84925\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/the-tunisia-italy-elmed-interconnection-project-gets-a-funding-boost\/\">\r\n                            The Tunisia-Italy Elmed interconnection project gets a funding boost                        <\/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\/06\/24\/the-tunisia-italy-elmed-interconnection-project-gets-a-funding-boost\/\" 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 commitment includes the EUR 307.6 mn grant from the <a target=\"_blank\" href=\"https:\/\/cinea.ec.europa.eu\/programmes\/connecting-europe-facility_en\" style=\"\" rel=\"noopener\">Connecting Europe Facility<\/a> and additional loans and grants for critical infrastructure components in Tunisia. The European Commission had signed off on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/70d69804-6273-49af-b582-5c215e4af3cf\" style=\"\" rel=\"noopener\">EUR 307 mn<\/a> loan agreement for the project last August. The partners had greenlit an EUR 125 mn loan agreement for the project in December along with EUR 27 mn grant under the Neighbourhood Investment Platform, the statement adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first of the funds are already underway: <\/strong>EIB has approved an EUR 450 mn aid package for Tunisia, according to a separate <a target=\"_blank\" href=\"https:\/\/www.eib.org\/en\/press\/all\/2024-200-bei-monde-annonce-450-millions-d-euros-de-soutien-pour-la-tunisie-lors-du-tunisia-investment-forum-2024\" style=\"\" rel=\"noopener\">statement<\/a>. The package includes EUR 45 mn loan for Elmed project from EBRD, which the lender <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2024\/ebrd-finances-tunisiaitaly-600-mw-elmed-electricity-interconnector.html\" style=\"\" rel=\"noopener\">approved earlier this month<\/a>, an EUR 210 mn loan for a corridor between Sfax and Kasserine, and EUR 170 mn credit line and EUR 8 mn in grants to support small and medium-sized enterprises (MSMEs). The EUR 45 mn for Elmed was first approved <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43730095-e262-40f8-9080-8d228d21d883\/tunisia-approves-green-loan-for-elmed-interconnector-with-italy\" style=\"\" rel=\"noopener\">in December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come: <\/strong>Tunisia and the European Union have officially launched the Team Europe Initiative on Investment in Tunisia initiative to support the country's energy, digital, transport sectors, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17570628-tif-2024-team\" style=\"\" rel=\"noopener\">TAP<\/a> reports. The initiative is estimated to cost around TND 10 bn (c. USD 3.2 bn) allocated to 120 projects from 2021 to 2027. Projects in the energy sector include Tunisia\u2019s planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/70d69804-6273-49af-b582-5c215e4af3cf\" style=\"\" rel=\"noopener\">Elmed electrical interconnection project<\/a> with Italy.<\/p>\n<p class=\"tag-border-left\">IN OTHER NEWS TUNISIA NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia snags USD 17 mn grant for agroforestry and forest <\/strong><strong>restoration: <\/strong>The African Development Bank (AfDB) granted Tunisia TND 53 mn (USD 17 mn) to promote agroforestry and restore degraded forest landscapes in Beja, Siliana, and Bizerte governorates, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17575532-afdb-grants-tunisia\" style=\"\" rel=\"noopener\">TAP<\/a> reports. The financing includes a USD 14 mn loan and a USD 3 mn grant from the AfDB's Strategic Climate Fund. Tunisia\u2019s new project will run from 2024 to 2029, and it aims to reduce poverty, create wealth, improve Tunisia's carbon footprint, and enhance forest fire-fighting resources. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/interconnector-projects\/\">interconnector projects<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84927\" 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=\"84927\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/\">\r\n                            Brookfield wants to drum up USD 5 bn for Alterra-backed climate fund                        <\/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\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/\" 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\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/')\">\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\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/\">\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=Brookfield wants to drum up USD 5 bn for Alterra-backed climate fund&url=https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/\">\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\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/&title=Brookfield wants to drum up USD 5 bn for Alterra-backed climate fund\">\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=Brookfield+wants+to+drum+up+USD+5+bn+for+Alterra-backed+climate+fund+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F06%2F24%2Fbrookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund%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\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1468.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84928\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/brookfield-wants-to-drum-up-usd-5-bn-for-alterra-backed-climate-fund\/1468-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1468.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1468.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1468.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1468.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84927\" class=\"content-area-description single-story post-84927 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-alterra tag-enterpriseclimate tag-green-finance 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\/6\/.ac7846b3-fd09-49da-a571-41f7c335300e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brookfield Asset Management <\/strong><strong>eyes<\/strong><strong> USD 5 bn first close for climate fund: <\/strong>Canada\u2019s Brookfield Asset Management aims to raise USD 5 bn for the UAE-backed Catalytic Transition Fund (CTF) to boost climate finance in emerging markets as part of its first close before the end of the year, according to a <a target=\"_blank\" href=\"https:\/\/bam.brookfield.com\/press-releases\/brookfield-opens-fundraising-catalytic-transition-fund-anchor-commitment-alterra\" style=\"\" rel=\"noopener\">statement<\/a>. The Catalytic Transition Fund (CTF) is anchored by a USD 1 bn commitment from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/903e6d02-4d23-4ff4-8e58-9ea7d4ce54df\/picking-up-where-cop27-left-off\" style=\"\" rel=\"noopener\">Alterra fund<\/a> set up by the UAE during COP28.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Brookfield will contribute at least 10% of the capital. Alterra recently said it will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6d125e4f-fe69-45f4-a5d0-8ae1a99c6ab4\/\" style=\"\" rel=\"noopener\">direct an extra USD 200 bn<\/a> to investments over the next six years, after saying it aims to mobilize USD 250 bn in green investments by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund<\/strong>: The USD 30 bn vehicle was launched last year to increase climate funding for the Global South. Alterra\u2019s initial commitment \u2014 along with BlackRock, Brookfield, and TPG \u2014 was USD 6.5 bn to climate-dedicated funds.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/alterra\/\">Alterra<\/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\/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=\"84929\" 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=\"84929\">\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\">FROM THE CLIMATE STORE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/\">\r\n                            Hummer EVs are now available in UAE and Kuwait                        <\/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\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/\" 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\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/')\">\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\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/\">\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=Hummer EVs are now available in UAE and Kuwait&url=https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/\">\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\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/&title=Hummer EVs are now available in UAE and Kuwait\">\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=Hummer+EVs+are+now+available+in+UAE+and+Kuwait+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F06%2F24%2Fhummer-evs-are-now-available-in-uae-and-kuwait%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\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1282.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84930\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/hummer-evs-are-now-available-in-uae-and-kuwait\/1282-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1282.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1282.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1282.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1282.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84929\" class=\"content-area-description single-story post-84929 post type-post status-publish format-standard has-post-thumbnail hentry category-from-the-climate-store tag-enterpriseclimate tag-evs tag-from-the-climate-store tag-kuwait 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\/6\/.6ee3d049-d9f9-4a48-a19c-ad7c256fd5d1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>GMC\u2019s<\/strong><strong> Hummer EV hits UAE and Kuwait streets:<\/strong> GMC Middle East has launched its Hummer EV pickup truck and SUV in UAE and Kuwait, according to a <a target=\"_blank\" href=\"https:\/\/media.chevroletarabia.com\/media\/me\/en\/gmc\/news\/news_archive.detail.html\/content\/Pages\/news\/me\/en\/2024\/gmc\/06-11-hummer-ev.html\" style=\"\" rel=\"noopener\">statement<\/a>. The EVs are set to be introduced to other unspecified markets later this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The specs:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.gmcarabia.com\/ae-ar\/electric\/hummer-ev\/pickup-truck\" style=\"\" rel=\"noopener\">Hummer EV pickup<\/a> comes in the EV1 and EV 3X models. Both models have three motors, a 529 km electric range, 1k horsepower, and 15.59k newton meters of torque. The <a target=\"_blank\" href=\"https:\/\/www.gmcarabia.com\/ae-ar\/electric\/hummer-ev\/suv\" style=\"\" rel=\"noopener\">SUV models<\/a> also boast three engines, a 480 km electric range, 830 horsepower, and 15.59k newton meters of torque. The models feature 0-100 kmh performance in approximately 3 seconds for the pickup and 3.5 seconds for the SUV. The EVs come with different <a target=\"_blank\" href=\"https:\/\/www.gmcarabia.com\/ae-ar\/electric\/hummer-ev\/ev-101\/ev-charging\" style=\"\" rel=\"noopener\">charging options<\/a>, and can charge up to 80% in 12 or 22 hours, depending on the charger type.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EVs have additional features: <\/strong>GMC's Adaptive Air Suspension with Extract Mode lets the driver elevate the vehicle height by up to 149 mm, the statement adds. This extra clearance tackles tough off-road challenges, from sand dunes and boulders to water crossings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They can crab walk too? <\/strong>The models include a four-wheel steer with the <a target=\"_blank\" href=\"https:\/\/www.gmc.com\/support\/quick-start-guides\/hummer-ev\/crabwalk\" style=\"\" rel=\"noopener\">CrabWalk<\/a> maneuver system, which allows the front and rear wheels to turn in the same direction at low speeds, allowing the EV to move more diagonally.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/from-the-climate-store\/\">FROM THE CLIMATE STORE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/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=\"84931\" 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=\"84931\">\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\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/\">\r\n                            Green finance and waste management updates from Kuwait and KSA                        <\/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\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/\" 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\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/')\">\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\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/\">\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=Green finance and waste management updates from Kuwait and KSA&url=https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/\">\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\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/&title=Green finance and waste management updates from Kuwait and KSA\">\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=Green+finance+and+waste+management+updates+from+Kuwait+and+KSA+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F06%2F24%2Fgreen-finance-and-waste-management-updates-from-kuwait-and-ksa%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\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1420.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84932\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/06\/24\/green-finance-and-waste-management-updates-from-kuwait-and-ksa\/1420-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1420.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1420.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1420.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1420.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84931\" class=\"content-area-description single-story post-84931 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-blue-ammonia tag-enterpriseclimate tag-gcc tag-interconnector-projects tag-kuwait tag-qatar tag-saudi-arabia tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.dcd7aa20-3cac-40c0-96d2-f35d9b9d3801.mp3\"><\/audio><\/figure><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>Kuwait <\/strong><strong>Fund to inject USD 112 mn in interconnection grid: <\/strong><a target=\"_blank\" href=\"https:\/\/www.kuwait-fund.org\/web\/kfund\/home\" style=\"\" rel=\"noopener\">The Kuwait Fund for Arab<\/a><a target=\"_blank\" href=\"https:\/\/www.kuwait-fund.org\/web\/kfund\/home\" style=\"\" rel=\"noopener\">Economic Development<\/a> has signed a USD 112 mn loan agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to boost the Gulf Electricity Interconnection Grid, according to a <a target=\"_blank\" href=\"https:\/\/www.kuwait-fund.org\/web\/kfund\/news-detail?nid=323164\" style=\"\" rel=\"noopener\">statement<\/a>. The loan will finance the expansion of the grid to include southern Iraq's electricity network. The expansion aims to increase Kuwait's electrical capacity by 3 GW and Iraq's by at least 500 MW by constructing a new interconnection station in Kuwait's Al-Wafra area and extending 400-kV transmission lines to Saudi Arabia and Iraq. Al-Wafra station is expected to be operational by the end of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The interconnection will transmit electricity from renewable sources: <\/strong>The interconnection project will be used to export electricity, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41934abd-81f3-40df-9b22-f7b81615467c\/sustainable-building-tech-heading-to-ksa-%2B-renewable-energy-updates-from-saudi-and-uae\" style=\"\" rel=\"noopener\">including electricity generated by renewable energy<\/a>, and it will reduce the dependence on fossil fuels and facilitate clean power exports to other countries in the region and beyond.<\/p>\n<p class=\"tag-border-left\">WASTE MANAGEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi <\/strong><strong>is getting a new waste management plant: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.mawani.gov.sa\/\" style=\"\" rel=\"noopener\">Saudi Ports Authority<\/a><a target=\"_blank\" href=\"https:\/\/www.mawani.gov.sa\/\" style=\"\" rel=\"noopener\">(Mawani)<\/a> has partnered with the SIRC Group-owned global environmental services management company <a target=\"_blank\" href=\"https:\/\/reviva.sa\/\" style=\"\" rel=\"noopener\">Reviva<\/a> to establish a recycling complex for marine and industrial waste at Jeddah Islamic Port, according to a <a target=\"_blank\" href=\"https:\/\/www.mawani.gov.sa\/article?news=230624\" style=\"\" rel=\"noopener\">statement<\/a>. The project \u2014 valued at SAR 30 mn and spanning 10k sqm \u2014 aims to enhance environmental sustainability by offering services including waste management, recycling, industrial maintenance, by-product recycling, and transportation. No timeline or estimated capacity were disclosed for the project.<\/p>\n<p class=\"tag-border-left\">BLUE AMMONIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sumimoto <\/strong><strong>partners with Qatar Energy on blue ammonia: <\/strong>Japan\u2019s <a target=\"_blank\" href=\"https:\/\/www.sumitomocorp.com\/en\/africa\/\" style=\"\" rel=\"noopener\">Sumitomo<\/a><a target=\"_blank\" href=\"https:\/\/www.sumitomocorp.com\/en\/africa\/\" style=\"\" rel=\"noopener\">Corporation<\/a> has secured a contract with Qatar's state-owned energy company <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/vHome.aspx\" style=\"\" rel=\"noopener\">Qatar Energy<\/a> to supply high-alloy seamless <a target=\"_blank\" href=\"https:\/\/www.octalsteel.com\/octg-steel-casing-pipe-and-tubing\/\" style=\"\" rel=\"noopener\">Oil Country Tubular Goods (OCTG)<\/a> for a blue ammonia production plant in Qatar's Mesaieed region, according to a <a target=\"_blank\" href=\"https:\/\/www.sumitomocorp.com\/en\/africa\/news\/topics\/2024\/group\/20240614\" style=\"\" rel=\"noopener\">statement<\/a>. The contract marks the first Japanese OCTG order for a carbon capture and storage (CCS) project in the Middle East. The supplied OCTG \u2014 made with <a target=\"_blank\" href=\"https:\/\/www.nipponsteel.com\/\" style=\"\" rel=\"noopener\">Nippon Steel<\/a> 's low-CO2 <a target=\"_blank\" href=\"https:\/\/www.nipponsteel.com\/en\/product\/nscarbolex\/neutral\/\" style=\"\" rel=\"noopener\">NSCarbolex Neutral steel<\/a> \u2014 will be crucial in managing the corrosive conditions caused by CO2 impurities during the CCS process. The blue ammonia plant will have an estimated capacity of 1.2 mn tons annually.<\/p>\n<p class=\"tag-border-left\">DIPLOMACY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE + Hungary to partner on renewable energy: <\/strong>The UAE and Hungary have agreed to a partnership that will include collaboration on clean and renewable energy, water and environment protection and management, and food security, according to <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b3re3mn-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D9%85%D8%AC%D8%B1-%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%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a>. The partnership was discussed at the two-day meeting of the Joint Economic Committee in Budapest last week. The two countries conducted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7cf43d1e-795f-48f1-a0ec-6f913674b066\/morocco-and-uk-sign-framework-on-climate-action,-spain-wants-to-boost-renewables-in-tunisia-plus:-uae-and%253cmark%253e-hungary%253c%2Fmark%253e-talk-renewables\" style=\"\" rel=\"noopener\">similar talks<\/a> during May of last year.<\/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>Emirates flights from Singapore powered by SAF: <\/strong>Emirates has started using Sustainable Aviation Fuel (SAF) on its flights from Singapore Changi Airport as part of its agreement with SAF provider Neste. Some 3.3 mn liters of blended SAF have been integrated into the airport\u2019s fueling system over the past few weeks. (<a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-powers-flights-with-saf-from-singapore\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Abu Dhabi flying taxi successfully completes transition flight: <\/strong>Archer Aviation\u2019s Midnight electrical vertical takeoff and landing aircraft \u2014 which will serve as a flying taxi in Abu Dhabi next year \u2014 has successfully completed a transition flight at over 100 mph during testing in the US. Midnight is one of the largest eVTOLs to complete transition, which is when the aircraft takes off vertically, flies forwards and eventually transitions from thrust-borne to wing-borne flight, before landing vertically again. (<a target=\"_blank\" href=\"https:\/\/investors.archer.com\/news\/news-details\/2024\/Archer-Completes-Midnights-Transition-Flight\/default.aspx\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>KSA completes first trial of autonomous air taxi: <\/strong>Saudi Arabia\u2019s pilotless, two-person EH216 eVTOL \u2014 which can fly for up to 40 km \u2014 completed its first trial. More trials will be conducted to increase the distance and speed with the goal of servicing pilgrims during Hajj season, transporting medical equipment and goods, and providing support for emergency travel. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/civil-aviation-authority_2_aepaesaesaepaeraebaeyabraepaesaeuaewaey-activity-7206746868842668032-c4QI?utm_source=share&amp;utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>US + Morocco partner on green energy tech<\/strong>: The US\u2019 Argonne National Laboratory and Morocco\u2019s University Mohammed VI Polytechnic have signed an MoU to collaborate on advancing green energy technology and addressing the water-energy nexus. The five-year partnership will focus on exchanging scientific information, organizing cooperative activities, and sharing expertise in areas such as renewable energy, energy storage, and clean water research. (<a target=\"_blank\" href=\"https:\/\/www.anl.gov\/article\/argonne-and-a-moroccan-university-sign-agreement-to-advance-green-energy-tech-and-computing\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>VinFast establishes regional headquarters in Dubai:<\/strong> Vietnamese EV maker <a target=\"_blank\" href=\"https:\/\/vinfastauto.us\/\" style=\"\" rel=\"noopener\">VinFast<\/a> has established its regional headquarters in Dubai with assistance from the Dubai International Chamber. The move comes as part of the Vietnamese company\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/11750ee5-c4d9-4753-9a29-70808a1eab02\/the-uk-will-invest-gbp-300-mn-to-produce-nuclear-fuel\" style=\"\" rel=\"noopener\">global expansion strategy<\/a>. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3reb37-dubai-international-chamber-attracts-vietnamese\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/blue-ammonia\/\">blue ammonia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/interconnector-projects\/\">interconnector projects<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84933\" 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=\"84933\">\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\/06\/24\/bp-buys-out-bunge-in-brazilian-biofuels-jv-elon-musk-ups-his-stake-in-tesla\/\">\r\n                            BP buys out Bunge in Brazilian biofuels JV + Elon Musk ups his stake in Tesla                        <\/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\/06\/24\/bp-buys-out-bunge-in-brazilian-biofuels-jv-elon-musk-ups-his-stake-in-tesla\/\" 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 transaction \u2014 expected to close by the end of 2024 \u2014 will give BP full control of BP Bunge, which can produce around 50k barrels of ethanol per day from sugarcane. BP will also assume the firm\u2019s USD 1.2 bn debt and lease obligations, resulting in a <a target=\"_blank\" href=\"https:\/\/bunge.com\/Press-Releases\/Bunge-Announces-Sale-of-its-Ownership-Share-in-its-Sugar-and-Bioenergy-Joint-Venture-in-Brazil\" style=\"\" rel=\"noopener\">net payment of USD 800 mn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BP plans to expand biofuel operations:<\/strong> BP plans to expand and diversify its biofuel operations in Brazil following its acquisition of Bunge's stake in their joint venture, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/bp-plans-foray-into-2g-ethanol-sustainable-jet-fuel-with-brazil-base-2024-06-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported Friday. The company aims to leverage the venture\u2019s biofuel base \u2014 comprising 11 plants across five states \u2014 to develop new bioenergy projects. BP's strategy includes exploring next-generation ethanol, sustainable aviation fuel (SAF), e-fuels, and biogas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- Mubadala Capital backed out of BP\u2019s bioenergy venture:<\/strong> Mubadala Capital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ed38e32f-a0aa-44b3-bd24-c85cbdd75677\/mubadala-backed-atvos-will-build-a-biomethane-plant-in-brazil\" style=\"\" rel=\"noopener\">withdrew<\/a> from bidding for ethanol JV BP Bunge last year, with reports suggesting that the UAE state investor dropped out after concluding negotiations to acquire Atvos.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE- EU faces challenges meeting SAF quotas: <\/strong>EU producers of SAF cannot ramp up production fast enough to meet increasing quotas, German transport company <a target=\"_blank\" href=\"https:\/\/www.fraport.com\/en.html\" style=\"\" rel=\"noopener\">Fraport\u2019s<\/a> CEO Stefan Schulte told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/eu-quota-sustainable-jet-fuel-cannot-be-met-fraport-ceo-says-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, with current production rates lagging behind the EU's requirements.<\/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>Tesla\u2019s shareholders\u2019 approved a USD 56 bn pay package <\/strong><strong>for founder and CEO Elon Musk, and to move its headquarters from Delaware to Texas<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-live-shareholder-vote-elon-musks-56-billion-pay-2024-06-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The vote is considered a huge victory for Musk, who is attempting to overturn a decision by the Delaware court to void a package of options, the largest in US history, which would boost Musk\u2019s stake in the company to 20%, up from 13% currently. <strong>The story also grabbed ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1caa4ad2-2ae5-4edd-9920-45f5e0dc7870\" style=\"\" rel=\"noopener\">The Financial Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-13\/tesla-vote-results-approve-elon-musk-s-56-billion-pay-deal?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>,<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/chancay-peru-port-china-south-america-trade-ffc75d32?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">WSJ<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/13\/tesla-shareholder-elon-musk-pay-package-at-annual-meeting.html\" style=\"\" rel=\"noopener\">CNBC<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER US NEWS- The Biden Administration rolled out <\/strong><strong>finalized rules for new clean energy subsidies to make green jobs and wages competitive with the oil and gas sectors<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/us-unveils-rules-subsidies-boost-clean-energy-wages-2024-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Projects that apply for tax credits under the US\u2019 green incentive package the <a target=\"_blank\" href=\"https:\/\/www.iea.org\/policies\/16156-inflation-reduction-act-of-2022\" style=\"\" rel=\"noopener\">Inflation Reduction Act<\/a> and are paying prevailing wages to workers while hiring apprentices will be eligible to receive \u201cfive times the law's base credit of 6%,\u201d the outlet explains. The Biden administration said it is also encouraging the adoption of project labor agreements that set wage and employment terms between trade unions and contractors to ensure compliance with the new rules. <\/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>White Summit invests in Spain\u2019s green methanol plant: <\/strong>Spain\u2019s infrastructure investment firm White Summit\u2019s green hydrogen subsidiary HyFive is set to invest EUR 250 mn (USD 267 mn) in a e-methanol plant in Spain\u2019s port area Gijon. The plant will have 50 MW of electrolysis capacity contributing to 100k metric tons of green methanol per year by 2027, with plans to later double this capacity. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/white-summit-invest-250-mln-euros-spanish-green-methanol-plant-2024-06-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>UK\u2019s Octopus Energy enters US market: <\/strong>UK renewables firm Octopus Energy has acquired two solar energy farms in Ohio and Pennsylvania, marking its entry into the US renewables market. The projects \u2014 which were purchased from American renewable energy developer <a target=\"_blank\" href=\"https:\/\/vesperenergy.com\/\" style=\"\" rel=\"noopener\">Vesper Energy<\/a> \u2014 have a combined capacity of 100 MW. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/uks-octopus-energy-enters-us-renewables-market-with-solar-deal-2024-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bp\/\">BP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/usa\/\">USA<\/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=\"84935\" 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\/06\/24\/84935\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84935\" class=\"content-area-description single-story post-84935 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\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.europe.gh2events.com\/\" style=\"\">Connecting Green Hydrogen Europe<\/a><\/span><span style=\"font-weight:400;\">, Madrid, Spain.<\/span><\/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\"><span>26-27 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\/\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/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;\">JULY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nuclearpowerplantsexpo.com\/\" style=\"\">Nuclear Power Plants Summit & Expo<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egyptminingforum.com\/\" style=\"\">The Egypt Mining 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 style=\"font-weight:700;\">AUGUST 2024<\/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;\">1 August (Thursday): Distributed Solar Summit, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 August (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldesgsummit.com\/\" style=\"\">The World ESG 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>24-26 August (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cgee.org\/\" style=\"\">International Conference on Clean and Green Energy Engineering<\/a><\/span><span style=\"font-weight:400;\">, Izmir, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 August (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spectrumconferences.com\/2024\/isnre\" style=\"\">International Summit on Non-Renewable and Renewable Energy<\/a><\/span><span style=\"font-weight:400;\">, Valencia, Spain.<\/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;\">SEPTEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldutilitiescongress.com\/\" style=\"\">World Utilities Congress<\/a><\/span><span>, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 September (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;\">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<\/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>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aecweek.com\/\" style=\"\">African<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aecweek.com\/\" style=\"\">Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa. <\/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>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/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>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy Show<\/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>27-28 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rakenergysummit.rak.ae\/\" style=\"\">RAK Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Ras Al Khaimah, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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;\">JANUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainmideast.com\/\" style=\"\">Sustainability Forum Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">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>November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.almamlakatv.com\/news\/142146-%D9%85%D9%86%D8%AA%D8%AF%D9%88%D9%86-%D9%8A%D9%88%D8%B5%D9%88%D9%86-%D8%A8%D8%AA%D9%88%D9%81%D9%8A%D8%B1-20-%D8%A3%D9%84%D9%81-%D9%81%D8%B1%D8%B5%D8%A9-%D8%B9%D9%85%D9%84-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%AD%D9%8A%D9%88%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9\" style=\"\">9th Arab Forum for Renewable Energy and Energy Efficiency<\/a><\/span><span style=\"font-weight:400;\">, Amman, Jordan.<\/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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/expo-sharjah-signs-partnership-agreement-to-launch-the-middle-east-electric-vehicle-show-2025-htkk34ud\" style=\"\">Middle East Electric Vehicle Show<\/a><\/span><span style=\"font-weight:400;\">, Sharjah, 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;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/will-we-soon-see-a-carbon-offset-tax-in-egypt-79885\/\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/goodbye-single-ac-units-mena-wont-be-needing-your-services-anymore-79605\/\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">World Water Forum, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/enterprise-climate-sits-down-with-mariam-almheiri-the-uaes-climate-change-and-environment-minister-79434\/\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/07\/project-update-tunisia-speaks-to-afdb-ifc-for-solar-plant-financing-80546\/\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/today-cloud-wars-afreximbank-gets-love-from-nexi-also-indias-reliance-wants-to-build-20-gw-of-renewables-79598\/\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/31\/moroccos-usd-18-bn-renewables-export-hub-79733\/\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Masdar snaps up more EU assets | PIF\u2019s Holon acquisition gets the thumbs up | Abu Dhabi set to establish a hydrogen equipment manufacturing complex<\/p>\n","protected":false},"featured_media":84912,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-84911","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6235673e-e334-4eb5-8912-e200c31623dd","teaser":"Masdar snaps up more EU assets | PIF\u2019s Holon acquisition gets the thumbs up | Abu Dhabi set to establish a hydrogen equipment manufacturing complex","photo_url":"https:\/\/ent.news\/2024\/4\/502.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>Masdar set to purchase 67% stake in Greece\u2019s Terna Energy - 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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