{"id":85061,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=85061"},"modified":"2025-12-15T11:02:48","modified_gmt":"2025-12-15T11:02:48","slug":"the-egypt-eu-investment-summit-brings-in-a-pile-of-green-hydrogen-agreements","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/the-egypt-eu-investment-summit-brings-in-a-pile-of-green-hydrogen-agreements\/","title":{"rendered":"The Egypt-EU Investment Summit brings in a pile of green hydrogen agreements"},"content":{"rendered":"<section id=\"85063\" 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=\"85063\">\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\/07\/01\/today-its-a-busy-green-hydrogen-and-ma-day\/\">\r\n                            TODAY: It\u2019s a busy green hydrogen and M&amp;A day                        <\/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\/07\/01\/today-its-a-busy-green-hydrogen-and-ma-day\/\" 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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We have a deluge of updates from the Egypt-EU Investment Summit and a lot of M&amp;A ground to cover from Saudi and Kuwait. Let\u2019s dive right in.<\/span><\/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- BP halts offshore wind projects in <\/strong><strong>response to investor pressure: <\/strong>Oil giant BP has paused development on new offshore wind projects on the back of increased pressure by investors criticizing the company\u2019s energy transition strategy. CEO Murray Auchincloss <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/84107379-e44d-4107-8f28-f4025ca70e3a\/today:-aldar-lines-up-its-green-sukuk-issuance-%2B-the-uae%25e2%2580%2599s-first-evtol-passenger-demo-flight\" style=\"\" rel=\"noopener\">expressed his intention<\/a> to slow down large low carbon investments that are \u201cnot expected to be profitable for years,\u201d sources added. The firm also imposed a company-wide hiring freeze, with only a few exceptions including frontline and safety personnel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not BP\u2019s first U-turn:<\/strong> Teams previously working on identifying new renewables opportunities have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03392248-17c6-4625-b034-6ac4c08bb130\/today:-two-new-solar-projects-for-om-el-donia-%2B-a-step-forward-for-abu-dhabi%25e2%2580%2599s-first-wte-plant\" style=\"\" rel=\"noopener\">reassigned to older projects<\/a> and some job cuts are to be expected. BP\u2019s EV charging business BP Pulse has already laid off over 10% of its workforce and pulled out of several markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed headlines in Europe: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/bp-halts-hiring-slows-renewables-roll-out-win-over-investors-2024-06-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> |<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/jun\/27\/bp-imposes-hiring-freeze-and-halts-new-offshore-wind-projects\" style=\"\" rel=\"noopener\">The Guardian<\/a><\/strong><strong> |<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.thetimes.com\/business-money\/companies\/article\/bp-boss-pauses-new-wind-projects-to-cut-costs-9rz8zl2m6\" style=\"\" rel=\"noopener\">The Sunday Times<\/a><\/strong> | <strong><a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2024\/06\/27\/bp-offshore-wind-projects-fossil-fuels\/\" style=\"\" rel=\"noopener\">The Telegraph<\/a><\/strong><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\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- Infinity reveals groundbreaking date for Sohag wind farm + eyes Cameroon entry: <\/strong>Construction will begin on Infinity Power, Hassan Allam Utilities, and Masdar\u2019s 10 GW wind project in March 2026, chairman of Infinity Power Mohamed Ismail Mansour told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-27\/egypt-s-10-billion-wind-farm-is-poised-to-break-ground-in-2026?utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_content=climate&amp;cmpid=socialflow-twitter-climate&amp;utm_source=twitter\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview last Thursday. Construction was initially set for this year but fell behind due to land procurement issues in West Sohag. The project will begin electricity generation in 2032, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The consortium is working on surveys and studies right now. <\/strong>The consortium inked a land access agreement with the Egyptian government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9004f1a5-828c-4173-8adf-43dfa2bb3355\" style=\"\" rel=\"noopener\">in May<\/a> for over 3k sq km of land in West Sohag that will allow the group to conduct surveys and studies needed before construction begins. The companies had signed the land allocation agreement in June 2023, eight months after the companies signed an MoU on the sidelines of COP27. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infinity is also planning expansion in Cameroon: <\/strong>Infinity Power wants to reach 10 GW capacity from its current 1.3 GW by 2030, and is planning to gather USD 2 bn in debt and equity to develop 4 GW of small scale projects in West Cameroon, Mansour said in the interview. The projects could include solar, wind, battery storage, and biomass facilities on a smaller scale to avoid overcrowding the grid. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Africa is also getting a piece of the action: <\/strong>The company wants to expand further in South Africa after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6dc2d41b-520a-47e6-9227-d9c6b689de9a\" style=\"\" rel=\"noopener\">closing its acquisition<\/a> of Africa-focused wind power platform Lekela Power last year, Mansour added. The transaction gave Lekela an enterprise value of USD 1.5 bn. However, Infinity has experienced obstacles with its five existing wind projects in the country and will study over 10 projects across regions to mitigate other possible risks.<\/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- Canada\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nextsourcematerials.com\/\" style=\"\" rel=\"noopener\">NextSource Materials<\/a><\/strong><strong> is looking at Saudi as the potential home for a new <\/strong><strong>USD 280 mn battery anode plant<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/money.tmx.com\/quote\/NEXT\/news\/8172156183206938\/NextSource_Materials_Announces_Global_Anode_Expansion_Strategy_Update_Economic_Results_of_Proposed_Battery_Anode_Facility_in_Saudi_Arabia_and_Strategic_Partner_Process\" style=\"\" rel=\"noopener\">a filing to the Toronto Stock Exchange<\/a>. The facility could produce up to 20k tonnes of graphite anode active material for lithium-ion batteries per year, according to the filing. NextSource already runs a similar plant in Madagascar that supplies Toyota and Tesla.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where? <\/strong>While it has yet to make a decision to build here, the company named Yanbu Industrial City as its preferred Saudi location, citing its \u201cextensive infrastructure, access to raw materials, commercial zones and shipping routes.\u201d NextSource is now designing the Saudi facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more:<\/strong> The company wants to build battery anode plants in more than one country. In addition to Saudi Arabia, it is also looking at Madagascar, the United Arab Emirates, and North America.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- The EU may miss its critical minerals recycling goal: <\/strong>The EU\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e08a588-1d47-454e-9cb2-a64b30187193\/today:-more-funding-for-egypt%25e2%2580%2599s-green-transition-%2B-masdar-is-reportedly-eyeing-an-indian-acquisition\" style=\"\" rel=\"noopener\">recently introduced<\/a> target to have at least 25% of annual demand of critical rare minerals supplied from recycled materials by 2030 \u2014 up from the current 1% \u2014 is unlikely to be met, according to analysis by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/recycling-kick-long-term-solution-eu-rare-earths-challenge-2024-06-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cToday you have magnets that are leaving Europe every day because there is no possibility to recycle them here,\u201d founder of French rare earth mining start-up <a target=\"_blank\" href=\"https:\/\/carester.fr\/\" style=\"\" rel=\"noopener\">Carester<\/a> Fr\u00e9d\u00e9ric Carencotte told the newswire. By 2030, the EU will have about 1.1 bn end-of-life devices containing magnets, each of which only contain about 30 grams of magnets on average, consultant at Adamas Intelligence Ryan Castilloux said, implying that it will take time for there to be enough old EVs and wind turbines for the critical minerals recycling to grow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are some firms leading the way: <\/strong>Carester has been collecting old magnets to have supply prepared for its factory launch scheduled in 2026. The firm plans to process 2k tons a year of old permanent magnets and produce rare earth oxides. Germany's privately-held Heraeus Remloy launched a plant last month to recycle old electronic devices into a magnetic alloy powder that can be used to produce permanent magnets. Carester aims to meet 6% of the EU\u2019s demand for critical minerals, while Heraeus Remloy will meet 1%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- EU members approved the Critical Raw Materials Act (CRMA) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e08a588-1d47-454e-9cb2-a64b30187193\/today:-more-funding-for-egypt%25e2%2580%2599s-green-transition-%2B-masdar-is-reportedly-eyeing-an-indian-acquisition\" style=\"\" rel=\"noopener\">in March<\/a><\/strong><strong>. <\/strong>The new regulation \u2014 aimed at decreasing reliance on imports of essential energy transition minerals including lithium and nickel \u2014 mainly targets Chinese imports that account for 95% of the global supply and sets a target to have the EU domestically produce at least 10% and process at least 40% of strategic materials needed annually by 2030. At least 25% of annual demand will come from recycled materials, and no more than 65% of the annual consumption of each critical mineral will come from abroad. The law is yet to be approved by the bloc\u2019s parliament and council.<\/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\">Want to subscribe? <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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/infinity\/\">Infinity<\/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=\"85065\" 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=\"85066\" 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=\"85066\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/the-egypt-eu-investment-summit-brings-in-a-pile-of-green-hydrogen-agreements\/\">\r\n                            The Egypt-EU Investment Summit brings in a pile of green hydrogen agreements                        <\/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\/07\/01\/the-egypt-eu-investment-summit-brings-in-a-pile-of-green-hydrogen-agreements\/\" 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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Renewable energy and green hydrogen took center stage, unsurprisingly as the country\u2019s ambitions to transform into a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15d6f791-948f-4bbb-9bd3-3ddb57475e44\/a-whole-lot-of-green-ambitions-for-el-sisi%25e2%2580%2599s-new-term\" style=\"\" rel=\"noopener\">regional hub for green hydrogen<\/a> production by 2026 and a global hub by 2030 are a focal point of President Abdel Fattah El Sisi\u2019s third term. The country aims to produce 3.2 mn tons of green hydrogen per year by 2029 and 9.2 mn tons per year by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First, does Egypt have a fresh renewables target? <\/strong>Renewable energy will make up 58% of Egypt\u2019s total energy mix by 2040, up from its current target of 42% by 2030, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/egypt-looking-raise-target-renewable-energy-58-by-2040-2024-06-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing comments made by Electricity Minister Mohamed Shaker at the Egypt-EU conference.<\/p>\n<p class=\"tag-border-left\">A GREEN HYDROGEN BONANZA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- More from Infinity-Masdar-Hassan Allam: <\/strong>Our friends at renewables firm Infinity, Hassan Allam, UAE\u2019s Masdar, and global energy giant BP will set up a USD 14 bn green hydrogen project in the Suez Canal Economic Zone, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0UcQMKz9GmD3Eqn8JzNy2hD7MXbKKr8rUMyMkECHYQe1DmtjzyKVa8jh7hBYDHF18l\" style=\"\" rel=\"noopener\">statement<\/a>. The project is currently in the feasibility studies phase and will be fully operational in ten years time, Infinity Chairman Mohamed Mansour told Enterprise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Deme heads to the Port of Gargoub: <\/strong>An international consortium led by Belgian energy firm <a target=\"_blank\" href=\"https:\/\/www.deme-group.com\" style=\"\" rel=\"noopener\">Deme Group<\/a> will set up a green hydrogen and green ammonia plant in the Port of Gargoub\u2019s industrial zone after the firm inked an agreement with the New and Renewable Energy Authority (NREA) and the Alexandria Port Authority, according to separate statements <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=965917708911983&amp;id=100064812882317&amp;mibextid=WC7FNe&amp;rdid=f87hyLxldHAhpMd3\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/37.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>. The project will be carried out in three phases at a total cost of EUR 24 bn \u2014 the first phase will see the company pour investments of EUR 3 bn to produce 320k tons of green ammonia a year. \u201cThe wind and solar renewable power generation infrastructure will be located 70 km southwest of Gargoub and it will be connected to the production facility via a dedicated high-voltage power line,\u201d the statement notes<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- A USD 10 bn green ammonia project in East Port Said:<\/strong> The Sovereign Fund of Egypt (SFE and <a target=\"_blank\" href=\"https:\/\/www.dai.com\/our-work\/projects\/egypt-business-egypt\" style=\"\" rel=\"noopener\">DAI Infrastructure<\/a> signed a USD 10 bn agreement to set up a green ammonia project at East Port Said, DAI Infrastructure Vice Chairman Mourad Sami told Enterprise. Dubbed Ra, the project will include a USD 4.4 bn ammonia facility and a USD 5 bn renewable energy facility to power the ammonia plant, Sami added. Once fully operational, the East Port Said facility will have a production capacity of 2 mn tons per year and is expected to bring in USD 2 bn each year, Sami told us, adding that DAI will break ground on the project in Q1 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who else is on the project? <\/strong>Several European groups and financial institutions, including Greek shipping firm <a target=\"_blank\" href=\"https:\/\/www.naftomar.gr\/\" style=\"\" rel=\"noopener\">Naftomar<\/a> \u2014 which will provide shipping services and take off some of the project\u2019s production \u2014 are co-investors with DAI on the project, according to Sami. Sami confirmed to Enterprise that most of the funds will be secured from the US and Europe, with Allianz credit ins. subsidiary <a target=\"_blank\" href=\"https:\/\/www.allianz-trade.com\/en_global\/euler-hermes-is-now-allianz-trade.html\" style=\"\" rel=\"noopener\">Euler Hermes<\/a> providing export credit agency coverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- A EUR 7 bn plant by EDF + Zero Waste:<\/strong> France's <a target=\"_blank\" href=\"https:\/\/www.edf-re.com\/\" style=\"\" rel=\"noopener\">EDF Renewables<\/a> and Egyptian-Emirati firm Zero Waste will set up a EUR 7 bn three-phase green hydrogen and ammonia project near Hurghada at Ras Shoukair Port, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ZQZTrxZ5tR21w22jXtHbL98XdaU1r9sM9ppwhA7Mub1NGwZq1StusTzHAmzvVMtil\" style=\"\" rel=\"noopener\">statement<\/a>. The EUR 2 bn first phase of the project aims to produce 1 mn tons of green ammonia annually with the production earmarked to supply ships with green fuels and for exports. The project will also include the financing and development of a new 400 meter shipping dock and a seawater desalination unit to feed all stages of the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- A lot more green ammonia for Ain Sokhna:<\/strong> Abu Dhabi-headquartered <a target=\"_blank\" href=\"https:\/\/ociorenergy.com\/\" style=\"\" rel=\"noopener\">Ocior Energy<\/a> has inked a USD 4.3 bn agreement with the SFE to develop a green ammonia plant at the Port of Ain Sokhna, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0UcQMKz9GmD3Eqn8JzNy2hD7MXbKKr8rUMyMkECHYQe1DmtjzyKVa8jh7hBYDHF18l\" style=\"\" rel=\"noopener\">statement<\/a>. The plant will primarily cater to European markets, addressing the growing demand for sustainable ammonia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And another USD 3.5 bn Taga Arabia-Voltalia project:<\/strong> A consortium of Taqa Arabia and France\u2019s <a target=\"_blank\" href=\"https:\/\/www.voltalia.com\/\" style=\"\" rel=\"noopener\">Voltalia<\/a> will build a USD 3.5 bn green ammonia project at Ain Sokhna, under another agreement inked with SFE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Green ammonia production in Damietta: <\/strong>The Egyptian Petrochemical Holding Company and Misr Fertilizer Production Company (Mopco) are partnering with Norwegian firms Scatec and <a target=\"_blank\" href=\"https:\/\/www.yara.com\/yara-clean-ammonia\/\" style=\"\" rel=\"noopener\">Yara International<\/a> to set up a green ammonia plant in Damietta with initial investments of some USD 890 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02jPNej6ecFEL9QzfuiRk1HJVD9RcPNFCUgEdm2wurS4zVCAHGpTArg9GJ94JP7ZE1l\" style=\"\" rel=\"noopener\">statement<\/a>. The parties will produce around 150k tons of green ammonia annually in Mopco\u2019s factories before selling it to Norway\u2019s Yara. A seawater desalination plant and a maritime terminal will be set up to export the green ammonia with operations expected to begin in 2027. <\/p>\n<p class=\"tag-border-left\">WIND ALSO GOT A MENTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Danish wind turbine manufacturing giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.vestas.com\/en\" style=\"\" rel=\"noopener\">Vestas<\/a><\/strong><strong> wants to set up a USD 600 mn production facility in Egypt to manufacture wind turbines<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/966713548832399?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The green energy company will soon start preparing a feasibility study for the project and begin drumming up financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vestas is no stranger to Egypt\u2019s renewables sector:<\/strong> The Danish company spearheaded a consortium that signed a EGP 4.3 bn agreement with the NREA back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b82dcb9-9d57-4606-922d-b94fcc35f8e8\/\" style=\"\" rel=\"noopener\">in 2020<\/a> to construct a 250 MW wind farm in the Gulf of Suez, which began a trial operation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f89eedb2-5865-4528-8943-29e72f2902f6\/\" style=\"\" rel=\"noopener\">last November<\/a>. <\/p>\n<p class=\"tag-border-left\">ON THE FINANCING FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The European Investment Bank (EIB) and the EU have inked a EUR 271 mn agreement with the government to back the transition to a green economy<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/966803032156784?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement will channel EUR 135 mn in soft financing from the EIB, with an additional EUR 30 mn grant from the EU administered by the EIB. The remaining funds will come from the French Development Agency and other financiers, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The how:<\/strong> The project aims to assist Egypt in transitioning to a green economy by reducing industrial pollution and carbon emissions. It will focus on key industrial zones across the country, addressing air, water, and soil pollution. It will also support the use of renewable energy, green hydrogen, and biogas, and enhance sustainable industrial practices through energy efficiency, resource management, and circular economy interventions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>CIB secures EBRD funding: <\/strong>The European Bank for Reconstruction and Development (EBRD) will provide CIB with USD 60 mn for on-lending to local women-led businesses and green investments, the lender said on its <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2024\/ebrd-eu-and-gcf-boost-green-and-inclusive-financing-for-egyptian-msmes-.html#:~:text=The%20European%20Bank%20for%20Reconstruction,women%2Dled%20businesses%20in%20Egypt.\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Some USD 50 mn will fund investments in climate change mitigation and adaptation, namely businesses operating in \u201cagribusiness, manufacturing and services, logistics and distribution, and information and communications technology.\u201d The rest of the funding will target women-led businesses, with a focus on those with less than 250 employees and deriving annual revenues of less than EUR 50 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Egypt will also get a green hydrogen hub:<\/strong> Nile University and <a target=\"_blank\" href=\"http:\/\/gh2.org\/\" style=\"\" rel=\"noopener\">Green Hydrogen Organisation<\/a> signed an <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0eypiS5U9JASz9PR8rduoAByL9MvaLDis9a7fNRoFSNihiis9yDfL7egQuwCaW7XUl\" style=\"\" rel=\"noopener\">agreement<\/a> to establish a global green hydrogen hub. The hub aims to boost investment in green hydrogen and renewable energy projects.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-ammonia\/\">GREEN AMMONIA<\/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 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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=\"85068\">\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\/07\/01\/masdar-eyes-spanish-renewables-firm-acquisition\/\">\r\n                            Masdar eyes Spanish renewables firm acquisition                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/masdar-eyes-spanish-renewables-firm-acquisition\/&title=Masdar eyes Spanish renewables firm acquisition\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Masdar+eyes+Spanish+renewables+firm+acquisition+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F01%2Fmasdar-eyes-spanish-renewables-firm-acquisition%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/masdar-eyes-spanish-renewables-firm-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/43.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85069\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/masdar-eyes-spanish-renewables-firm-acquisition\/43-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/43.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"43.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/43.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/43.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85068\" class=\"content-area-description single-story post-85068 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-ma-watch tag-masdar tag-renewables 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\/7\/.d751bc7b-d6f6-430d-836c-75d7139d63c6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Masdar <\/strong><strong>is eyeing a stake in Spain\u2019s Saeta Yield: <\/strong>UAE\u2019s renewables giant Masdar is reportedly set to submit a final bid to acquire <a target=\"_blank\" href=\"https:\/\/www.brookfield.com\/\" style=\"\" rel=\"noopener\">Brookfield\u2019s<\/a> Spanish renewables firm <a target=\"_blank\" href=\"https:\/\/www.saetayield.com\/en\/#\" style=\"\" rel=\"noopener\">Saeta Yield<\/a> next week, Spanish news outlet <a target=\"_blank\" href=\"https:\/\/cincodias.elpais.com\/companias\/2024-06-28\/china-three-gorges-masdar-engie-y-total-pugnan-por-saeta-yield-la-antigua-filial-de-acs-en-renovables-con-ofertas-de-1700-millones.html\" style=\"\" rel=\"noopener\">Cinco Dias<\/a> reported on Friday. <a target=\"_blank\" href=\"https:\/\/www.ctg.com.cn\/ctgenglish\/\" style=\"\" rel=\"noopener\">China Three Gorges<\/a>, <a target=\"_blank\" href=\"https:\/\/www.engie.com\/en\" style=\"\" rel=\"noopener\">Engie<\/a> and <a target=\"_blank\" href=\"https:\/\/totalenergies.com\/\" style=\"\" rel=\"noopener\">TotalEnergies<\/a> are amongst the companies expected to compete with Masdar over the purchase. The company is currently valued at around EUR 1.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.saetayield.com\/en\/#\" style=\"\" rel=\"noopener\">Saeta Yield<\/a> \u2014 which Brookfield <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-hires-advisors-sell-assets-saeta-worth-16-bln-sources-2023-12-18\/\" style=\"\" rel=\"noopener\">acquired from ACS for EUR 1 bn<\/a> in 2018 \u2014 boasts a portfolio of 28 wind farms, 10 photovoltaic parks, and seven solar thermal plants across Spain and Portugal with a total capacity of 1.2 GW. The acquisition will include Brookfield\u2019s renewables portfolio excluding the solar thermal plants. Brookfield \u2014 which started <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-hires-advisors-sell-assets-saeta-worth-16-bln-sources-2023-12-18\/\" style=\"\" rel=\"noopener\">the sale process<\/a> last December \u2014 hired <a target=\"_blank\" href=\"https:\/\/www.societegenerale.com\/en\" style=\"\" rel=\"noopener\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group<\/a> and <a target=\"_blank\" href=\"https:\/\/www.santanderbank.com\/\" style=\"\" rel=\"noopener\">Santander Bank<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Chinese firm might be out of the running: <\/strong>While China Three Gorges has positioned itself as one of the leading contenders during the process, its intention to acquire only the assets in Spain has made its bid less attractive, the news outlet writes. The Chinese firm is looking to have the US-based asset management firm specialized in renewables energy Exus as an ally to keep the Portuguese projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brookfield has bigger plans:<\/strong> Brookfield is aiming <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5a140494-3cc3-4394-ae03-46059c4e63e8\/\" style=\"\" rel=\"noopener\">to raise USD 5 bn<\/a> for the UAE-backed Catalytic Transition Fund (CTF) \u2014 which is anchored by a USD 1 bn commitment from Alterra fund set up by the UAE during COP28 \u2014 to boost climate finance in emerging markets as part of its first close before the end of the year. The firm is also among global asset managers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e1816c7c-413b-4a9b-b28c-8057ddb66cea\" style=\"\" rel=\"noopener\">earmarking bns of USD<\/a> toward financing ventures in the energy efficiency sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is boosting its EU portfolio: <\/strong>Masdar reached a final agreement to purchase an initial <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/af7f8f1d-1772-426d-8da9-5989cb667f45\" style=\"\" rel=\"noopener\">67% stake in Greece\u2019s EUR 3.2 bn Terna Energy<\/a>, with plans to present an all-cash, mandatory offer to buy the remaining stakes once the transaction is completed last week. The renewables giant reached financial close on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/102b9bd5-15cc-47fa-a558-215dbc97601d\" style=\"\" rel=\"noopener\">EUR 488 mn in funding<\/a> to secure its 49% acquisition of the 476 MW Baltic Eagle wind farm off the coast of Germany last week. Masdar is also eyeing an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59db0b55-d736-45d0-9580-0fe2528ef4be\/\" style=\"\" rel=\"noopener\">undisclosed stake<\/a> in Turkish wind producer Fiba Yenilenebilir Enerji.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85070 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"85070\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/85070\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85070\" class=\"content-area-description single-story post-85070 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareinfinitypower.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/851.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85071\" 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=\"85071\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/uaes-alcazar-is-building-a-400-mw-wind-farm-in-north-macedonia\/\">\r\n                            UAE\u2019s Alcazar is building a 400 MW wind farm in North Macedonia                        <\/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\/07\/01\/uaes-alcazar-is-building-a-400-mw-wind-farm-in-north-macedonia\/\" 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 project \u2014 which is set to be North Macedonia\u2019s largest wind plant \u2014 is expected to bring the firm\u2019s investments in the Western Balkans region to some USD 1 bn. The project is expected to achieve financial close by 4Q 2025 with construction set for early 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The Shtip project will be located 75 km south of the Macedonian capital of Skopje and will increase the country\u2019s wind energy generation more than fivefold, offsetting some 670k tons and generating enough energy for more than 100k homes annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Alcazar Energy recently closed its second renewables fund: <\/strong>Alcazar Energy Partners <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7a5f96b0-c5d1-497e-8d97-6e6e0c239f5c\" style=\"\" rel=\"noopener\">secured a USD 490 mn final close<\/a> on the Alcazar Energy Partners II fund in May. 8 investors contributed to the round including the US International Development Finance Corporation and the European Bank for Reconstruction and Development. The fund aims to develop 1.6 GW of green energy projects, offset over 3 mn tonnes of emissions annually, and raise investments to USD 2 bn. The first close alone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/75312fc3-00f4-4919-8064-dbf70f603fc6\" style=\"\" rel=\"noopener\">secured USD 336.6 mn<\/a> in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Alcazar\u2019s first fund: <\/strong>Alcazar Energy Partners I \u2014 the first fund by Alcazar \u2014 was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7a5f96b0-c5d1-497e-8d97-6e6e0c239f5c\" style=\"\" rel=\"noopener\">launched in 2014<\/a> and raised a total of USD 240 mn to invest in equity for solar and wind energy projects, with up to USD 700 mn in foreign direct investment mobilized into seven solar and wind farms in Egypt and Jordan. The first fund\u2019s portfolio was acquired in 2021 by Chinese energy firm China Three Gorges Corporation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm has an eye on Egypt:<\/strong> Alcazar Energy was among seven companies looking <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bab29039-38dd-41c7-81e2-8e3d1f5acb27\/\" style=\"\" rel=\"noopener\">to bid for a stake<\/a> in Egypt\u2019s 580 MW Gabal El Zeit and 545 MW Zafarana wind farms last year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/alcazar-energy\/\">Alcazar Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85073\" 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=\"85073\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/aramco-is-close-to-accquiring-10-of-hybrid-engine-manufacturer-horse-powertrain\/\">\r\n                            Aramco is close to accquiring 10% of hybrid engine manufacturer Horse Powertrain                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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    <\/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\/07\/01\/aramco-is-close-to-accquiring-10-of-hybrid-engine-manufacturer-horse-powertrain\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1838.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85074\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/aramco-is-close-to-accquiring-10-of-hybrid-engine-manufacturer-horse-powertrain\/1838-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1838.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1838.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1838.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1838.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85073\" class=\"content-area-description single-story post-85073 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\/7\/.c3c48dd9-35c5-40c7-97c7-14cd02e990c9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil giant Aramco has signed definitive agreements to acquire a 10% stake in Horse <\/strong><strong>Powertrain<\/strong> \u2014 a joint venture between French carmaker Renault and China\u2019s automaker Geely, according to a joint statement (<a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2024\/aramco-to-acquire-10-percent-equity-interest-in-horse-powertrain-limited\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/zgh.com\/media-center\/news\/2024-06-28\/?lang=en\" style=\"\" rel=\"noopener\">here<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Horse Powertrain? <\/strong>Formally founded in May of this year, the London-based JV was set up to manufacture next-generation powertrain solutions, including internal combustion engines that use alternative fuels such as ethanol, methanol, and hydrogen, as well as full hybrids and long-range plug-in hybrids, according to its <a target=\"_blank\" href=\"https:\/\/www.horse.cars\/about-horse\/\" style=\"\" rel=\"noopener\">website<\/a>. It currently operates 17 global plants, 5 R&amp;D centers with nine industrial customers in 130 countries, according to the release. It expects to produce some 5 mn powertrain units annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The transaction assigns Horse an enterprise value of EUR 7.4 bn and would see Renault and Geely each retain a 45% stake. Aramco had initially sought a 20% stake in the powertrain technology venture under a preliminary agreement with Renault and Geely last year, according to <a target=\"_blank\" href=\"https:\/\/www.geelyksa.com\/news\/geely-unveils-new-partnership-with-renault-and-aramco-to-revolutionize-powertrain-technology\/\" style=\"\" rel=\"noopener\">an earlier statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> The investment would allow Aramco to expand its venture into global energy transition through the \u201cdevelopment and commercialization of more efficient mobility solutions.\u201d It will also see it working together with US-based oil refinery Valvoline to develop technologies, fuels, and lubricants that could improve the performance of Horse Powertarin\u2019s internal combustion engines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cAramco\u2019s investment is expected to directly contribute to the development and deployment of affordable, efficient, and lower-carbon emission internal combustion engines globally. With Geely and Renault, we plan to leverage our collective expertise and resources to support ground-breaking advances in both engine and fuel technologies,\u201d Aramco Executive Vice President of Technology &amp; Innovation Ahmad Khowaiter said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reinventing the engine? <\/strong>Renault Group CEO Luca de Meo described the acquisition as one that created a \u201cdream team born to reinvent the future of ICE and hybrid technologies.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"85075\" 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=\"85075\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/\">\r\n                            PowerChina awarded 500 MW Wind project EPC contract in Saudi                        <\/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\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/\" 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\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/')\">\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\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/\">\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=PowerChina awarded 500 MW Wind project EPC contract in Saudi&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/\">\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\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/&title=PowerChina awarded 500 MW Wind project EPC contract in Saudi\">\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=PowerChina+awarded+500+MW+Wind+project+EPC+contract+in+Saudi+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F01%2Fpowerchina-awarded-500-mw-wind-project-epc-contract-in-saudi%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\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/815.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85076\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/powerchina-awarded-500-mw-wind-project-epc-contract-in-saudi\/815-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/815.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"815.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/815.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/815.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85075\" class=\"content-area-description single-story post-85075 post type-post status-publish format-standard has-post-thumbnail hentry category-wind tag-enterpriseclimate tag-saudi-arabia tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e4b852b6-f4b7-488f-88e9-d2a77acbd947.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PowerChina gets Saudi wind farm contract: <\/strong>Chinese state-owned <a target=\"_blank\" href=\"https:\/\/en.powerchina.cn\/\" style=\"\" rel=\"noopener\">PowerChina<\/a> has secured the engineering, procurement, and construction (EPC) contract for a 500 MW Waad Al Shamal wind project in the Kingdom\u2019s north, according to <a target=\"_blank\" href=\"https:\/\/tradearabia.com\/news\/OGN_423605.html\" style=\"\" rel=\"noopener\">Trade Arabia<\/a>. The EPC contract was awarded by a consortium led by leading conglomerate Ajlan &amp; Bros and Japan\u2019s Marubeni Corporation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The PPAs were secured last month: <\/strong>Marubeni signed two <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3c1029c2-6b1b-4856-b3f6-845d30cba277\/ksa%25e2%2580%2599s-sppc-inks-record-low-ppas-with-japanese-companies\" style=\"\" rel=\"noopener\">power purchase agreements<\/a> with the Saudi Power Procurement Company (SPPC) to buy green energy from Waad Al-Shamal and the 600 MW Al Ghat wind projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Waad Al-Shamal wind project:<\/strong> The Waad Al-Shamal wind farm has a capacity of 500 MW and is planned to be located in the Northern Borders province \u2014 which is the Kingdom least populated province. Construction has not yet begun, but is expected to be completed in one phase, with commissioning set for 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PowerChina\u2019s not new to the region:<\/strong> The Iraqi Cabinet has approved the construction of a USD 520.2 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cb6c5d6-8027-40fa-94b4-9e7a90d35592\/iraq-approves-usd-520-mn,-750-mw-solar-plant-project-with%253cmark%253e-powerchina%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">750 MW solar plant<\/a> with PowerChina in June 2023. The UAE also made the company the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d9f76b3d-7174-4005-a640-be1c0f5e07ad\/oman-investment-authority-invests-in-us%25e2%2580%2599-eh2-%2B-uae-launches-first-utility-scale-wind-programme\" style=\"\" rel=\"noopener\">main EPC contractor<\/a> in October 2023 for its wind program developed by Masdar. The 103.5 MW landmark project spans four locations, including the Sir Bani Yas Island in Abu Dhabi, where a 45 MW capacity wind farm and a 14 megawatt peak (MWp) solar farm has been developed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85077\" 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=\"85077\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/kuwaits-kpi-finalizes-50-acquisition-of-italian-biofuels-firm-eco-fox\/\">\r\n                            Kuwait\u2019s KPI finalizes 50% acquisition of Italian biofuels firm Eco Fox                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img 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<\/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\/07\/01\/kuwaits-kpi-finalizes-50-acquisition-of-italian-biofuels-firm-eco-fox\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1852.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85078\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/kuwaits-kpi-finalizes-50-acquisition-of-italian-biofuels-firm-eco-fox\/1852-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1852.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1852.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1852.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1852.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85077\" class=\"content-area-description single-story post-85077 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-ma-watch 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\/7\/.821fe5fc-199c-4719-9c19-11389f9fb99f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.q8.com\/\" style=\"\" rel=\"noopener\">Kuwait<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.q8.com\/\" style=\"\" rel=\"noopener\">Petroleum International (KPI)<\/a><\/strong><strong> has completed the acquisition of a 50% stake in <\/strong><strong>Italian biofuels firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ecofox.eu\/en\/\" style=\"\" rel=\"noopener\">Eco Fox<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/124903\/2024\/26\/06\/%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-50--%D9%85%D9%86-%D8%A5%D9%8A%D9%83%D9%88%D9%81%D9%88%D9%83%D8%B3-%D8%A7%D9%84%D8%A5%D9%8A%D8%B7%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%88%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%AD%D9%8A%D9%88%D9%8A\" style=\"\" rel=\"noopener\">CNBC Arabia<\/a> reported last week. No financial details were disclosed for the acquisition which was approved by the European Commission for Competition and the Italian Competition Authority.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The acquisition will support KPI\u2019s goals of developing, producing and distributing alternative fuels, KPI\u2019s CEO Shafi Taleb Al-Ajmi told Kuwait News Agency <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e698994a-2c61-4f05-9722-f8bb17acee0b\" style=\"\" rel=\"noopener\">in March<\/a>. KPI supplies fuel to 70 international airports and manages 2.8k gas stations in Italy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Eco Fox:<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.ecofox.eu\/en\/\" style=\"\" rel=\"noopener\">Eco Fox<\/a><\/strong> is an Italian renewable fuel producer and distributor which produces biodiesel made from vegetable oil, animal fat, and recovered used cooking oil. The company\u2019s plant has a production capacity of 200k tons per year. Eco Fox also produces byproducts including glycerine, acid oils and potassium salts which can be used in agriculture.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/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=\"85079\" 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=\"85079\">\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\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-fund\/\">\r\n                            Morocco\u2019s climate resilience program gets a boost from the Opec 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\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-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\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-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\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-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=Morocco\u2019s climate resilience program gets a boost from the Opec Fund&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-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\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-fund\/&title=Morocco\u2019s climate resilience program gets a boost from the Opec 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=Morocco%E2%80%99s+climate+resilience+program+gets+a+boost+from+the+Opec+Fund+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F01%2Fmoroccos-climate-resilience-program-gets-a-boost-from-the-opec-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\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85080\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/moroccos-climate-resilience-program-gets-a-boost-from-the-opec-fund\/2595-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2595.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85079\" class=\"content-area-description single-story post-85079 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-enterpriseclimate tag-green-finance tag-morocco tag-opec-fund 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\/7\/.1a7a69c5-403d-4d7c-8728-bd9d4d8fc986.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Opec Fund<\/strong><strong> for International Development approved USD 605 mn in development <\/strong><strong>financing, <\/strong>USD 100 mn of which will go to Morocco\u2019s climate resilience program, according to a <a target=\"_blank\" href=\"https:\/\/opecfund.org\/media-center\/press-releases\/2024\/opec-fund-approves-us-605-million-in-new-development-financing-inaugurates-extended-headquarters-in-vienna-austria-underlines-commitment-to-deli\" style=\"\" rel=\"noopener\">press release<\/a>. The money is broadly being allocated for financing global food security, climate action, and essential infrastructure initiatives, with USD 3 mn earmarked for the development of the Opec Fund Food Security and Climate Adaptation Facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More about Morocco\u2019s program: <\/strong>The USD 100 mn loan will be used to co-finance the first phase of the Economic Governance and Climate Change Resilience Support Program. The program aims to \u201cincrease competitiveness and strengthen resilience, including to climate change,\u201d the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund has been active in the region: <\/strong>The Opec Fund and the Arab Coordination Group \u2014 an alliance of regional development funds \u2014 committed to channeling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b485ea89-be82-498c-a46a-47e7ddcae91e\" style=\"\" rel=\"noopener\">at least USD 24 bn<\/a> in climate financing by the end of the decade at COP27. The Fund will also provide Acwa Power with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/29b4d631-254c-4e80-9f2c-f01ebf194da5\/today:-qatar%25e2%2580%2599s-qiib-lists-usd-500-mn-sustainable-sukuk-issuance-on-lse-%2B-oman-launches-usd-5-bn-future%253cmark%253e-fund%253c%2Fmark%253e-oman\" style=\"\" rel=\"noopener\">USD 14.6 mn<\/a> \u2014 as part of a financing package from the European Bank for Reconstruction and Development, the African Development Bank, the Green Climate Fund, the Sustainable Energy Fund for Africa, and the Arab Bank \u2014 for its 200 MW Kom Ombo solar project in Egypt\u2019s Aswan. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/opec-fund\/\">OPEC Fund<\/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=\"85081\" 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=\"85081\">\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\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/\">\r\n                            Morocco partners with Turkey and Germany on green 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\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/')\">\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\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/\">\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=Morocco partners with Turkey and Germany on green energy&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/\">\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\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/&title=Morocco partners with Turkey and Germany on green energy\">\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=Morocco+partners+with+Turkey+and+Germany+on+green+energy+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F01%2Fmorocco-partners-with-turkey-and-germany-on-green-energy%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\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/48.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85082\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/morocco-partners-with-turkey-and-germany-on-green-energy\/48-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/48.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"48.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/48.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/48.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85081\" class=\"content-area-description single-story post-85081 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-enterpriseclimate tag-green-hydrogen tag-morocco tag-renewables tag-turkey 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\/7\/.c84bd71b-c9b2-4e3c-84be-5579bfc5f8b7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco <\/strong><strong>+ Turkey partner on energy and mining:<\/strong> Morocco and Turkey have signed two cooperation agreements in the energy, earth sciences, and mining sectors, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MTEDDMA\/posts\/pfbid05PQVpHF2FjaGL4HXSZNF36tFtbgAycpDdSNBEywQJL3whiogf7qmYxT8a1wxfpdHl\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The agreements aim to enhance collaboration in renewable energies, green hydrogen, energy efficiency, and clean technologies. The partnership also extends to geological mapping, remote sensing, and AI for mineral assessment, and aims to boost public-private partnerships, research and development, and technical assistance. The agreements were signed by Morocco's Energy Transition and Sustainable Development Minister Leila Benali and Turkey's Energy and Natural Resources Minister Alparslan Bayraktar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER MOROCCO NEWS-<\/strong> <strong>Germany + Morocco form green energy alliance: <\/strong>Germany and Morocco have agreed to form a climate and energy alliance to support hydrogen production, electricity trade, decarbonization, and climate resilience in the kingdom, <a target=\"_blank\" href=\"https:\/\/www.mapnews.ma\/ar\/actualites\/%D8%A5%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%D8%A8%D8%B1%D9%84%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D9%88%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A7-%D9%8A%D8%A8%D8%B1%D9%85%D8%A7%D9%86-%D8%AA%D8%AD%D8%A7%D9%84%D9%81%D8%A7-%D9%81%D9%8A-%D9%85%D8%AC%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%AE-%D9%88%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9\" style=\"\" rel=\"noopener\">Map<\/a> reported. The alliance will also contribute to Germany\u2019s net-zero by 2045 goal which will require the country to import 70% of hydrogen demand, including from Morocco, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/germany-morocco-agree-alliance-support-green-hydrogen-production-exports-2024-06-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/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>Algeria + Poland to assemble energy task force: <\/strong>Algeria and Poland have agreed to set up a group tasked with defining the terms of an energy and renewables partnership in the making. The two sides also agreed to schedule the first meeting of the Algerian-Polish governmental committee for economic, commercial, scientific and technical cooperation under which a new draft agreements for environment and climate, and renewable energy will be developed. (<a target=\"_blank\" href=\"https:\/\/www.aps.dz\/en\/algeria\/52917-attaf-holds-in-warsaw-working-visit-with-polish-counterpart\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/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\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/turkey\/\">Turkey<\/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=\"85083\" 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=\"85083\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/\">\r\n                            Tunisia launches interministerial ecological transition monitor                        <\/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\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/\" 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\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/')\">\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\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/\">\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=Tunisia launches interministerial ecological transition monitor&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/\">\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\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/&title=Tunisia launches interministerial ecological transition monitor\">\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=Tunisia+launches+interministerial+ecological+transition+monitor+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F01%2Ftunisia-launches-interministerial-ecological-transition-monitor%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\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/47.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85084\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/tunisia-launches-interministerial-ecological-transition-monitor\/47-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/47.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"47.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/47.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/47.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85083\" class=\"content-area-description single-story post-85083 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-tunisia 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\/7\/.42a405b1-6fd9-47c1-b5ec-c2a4c2b076f7.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">GREEN POLICY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia launches interministerial ecological transition network: <\/strong>Tunisia has launched the Interministerial Network for Ecological Transition to monitor progress of the 2035-2050 National Strategy for Ecological Transition, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17624896-interministerial\" style=\"\" rel=\"noopener\">Tap<\/a> reports. The network aims to inform, raise awareness, and monitor the implementation of the strategy\u2019s measures. The network will be made up of representatives from the Presidency, the Prime Ministry, and various ministries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the strategy:<\/strong> The pillars of the strategy include governance and financing, climate change, and sustainable resource management. The strategy focuses on mitigating desertification and building drought resilience, as well as encouraging sustainable consumption to reduce pollution, and developing a culture, science and knowledge of ecological transition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER TUNIS NEWS- BYD considers investing in Tunisia\u2019s electric transport <\/strong><strong>sector: <\/strong>Tunisia\u2019s Minister of Industry, Mines, and Energy Fatma Chiboub Thabet and General Manager of BYD Middle East and Africa met to discuss cooperation in electric transport development, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17628501-tunisia-and-chinese\" style=\"\" rel=\"noopener\">Tap<\/a> reports. BYD expressed interest in investing in the sector and the renewables field in the country. Several international companies have expressed similar interest in the automotive industry, Tap wrote, citing a statement.<\/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>Abu <\/strong><strong>Qir Fertilizers invests in 2 energy projects: <\/strong>Abu Qir Fertilizers is set to invest USD 6.7 mn to establish a 2.5 MW solar plant and a project to replace natural gas with hydrogen. The projects will be financed by the company itself and will reduce its reliance on government energy sources by 10% to 20%. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%D9%85%D9%88%D8%AC%D8%B2-%D8%B2%D8%A7%D9%88%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1-%D8%A3%D8%AD%D8%AF%D8%AB-%D8%A7%D9%84%D8%A5%D8%BA%D9%84%D8%A7%D9%82%D8%A7%D8%AA-%D9%88%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-nnw0czb8\" style=\"\" rel=\"noopener\">Zawya<\/a>)<\/li>\n<li><strong>Islamic banks launch GHG accounting tool: <\/strong>The General Council for Islamic Banks and Financial Institutions \u2014 in collaboration with the Islamic Development Bank \u2014 has launched a Greenhouse Gas Calculation Tool Guide in accordance with international standards. The tool comes under the Sustainability Document issued by the Islamic Finance Infrastructure Organizations and approved during COP28. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2130770\" style=\"\" rel=\"noopener\">SPA<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"85085\" 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\/07\/01\/85085\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85085\" class=\"content-area-description single-story post-85085 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;\">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\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>Tons of green hydrogen updates | Lots of M&#038;A news | UAE\u2019s Alcazar heads to Macedonia | Kuwait\u2019s KPI finalizes Eco Fox acquisition<\/p>\n","protected":false},"featured_media":85062,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-85061","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1dcbeb2f-eba2-4ce3-84bf-1ecd53efbc6c","teaser":"Tons of green hydrogen updates | Lots of M&A news | UAE\u2019s Alcazar heads to Macedonia | Kuwait\u2019s KPI finalizes Eco Fox acquisition","photo_url":"https:\/\/ent.news\/2024\/2\/1161.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>The Egypt-EU Investment Summit brings in a pile of green hydrogen agreements - 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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