{"id":85899,"date":"2024-08-07T00:00:00","date_gmt":"2024-08-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=85899"},"modified":"2025-12-15T11:15:51","modified_gmt":"2025-12-15T11:15:51","slug":"ksas-pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors-snapping-up-more-shares","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors-snapping-up-more-shares\/","title":{"rendered":"KSA\u2019s PIF puts down an extra USD 1.5 bn for Lucid Motors snapping up more shares"},"content":{"rendered":"<section id=\"85901\" 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=\"85901\">\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\/08\/07\/today-lucid-gets-a-lifeline-ebrd-funds-aeolus-scatec-solar-farms\/\">\r\n                            TODAY: Lucid gets a lifeline | EBRD funds Aeolus, Scatec solar farms                        <\/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\/08\/07\/today-lucid-gets-a-lifeline-ebrd-funds-aeolus-scatec-solar-farms\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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First, Chinese solar companies continue to struggle across the pond\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>SunPower throws in the towel <\/strong><strong>on US operations: <\/strong>Chinese solar manufacturer SunPower has officially filed for bankruptcy in the US\u2019 state of Delaware, listing its US assets and liabilities with a value between USD 1 to 10 bn. The company plans to wind down operations and has agreed to sell its <a target=\"_blank\" href=\"https:\/\/blueravensolar.com\/\" style=\"\" rel=\"noopener\">Blue Raven Solar<\/a> installation subsidiary and other units to US-based <a target=\"_blank\" href=\"https:\/\/www.completesolaria.com\/\" style=\"\" rel=\"noopener\">Complete Solaria<\/a> for USD 45 mn. SunPower is seeking court approval for its bankruptcy by the end of September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What caused its downfall? <\/strong>High interest rates and subsidy changes in California, the largest US market for solar, were a couple of the factors that hindered growth, Bloomberg writes. The company also defaulted on a credit agreement in 2023, restated earnings, and faced significant internal turmoil, including replacing its CEO, restructuring operations, and losing its accountant firm. SunPower's 2020 shift from manufacturing to rooftop installations backfired as inflation and high interest rates increased costs for consumers. Prior to filing for bankruptcy, the company halted new installations and shipments, leading analysts to lower share-price targets to USD 0.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed ink in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/sunpower-files-bankruptcy-sell-some-45-mln-assets-via-stalking-horse-bid-2024-08-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-06\/former-manufacturing-giant-sunpower-files-for-bankruptcy?srnd=homepage-africa\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/sunpower-files-for-bankruptcy-to-sell-some-assets-to-complete-solaria-8ed42f5c\" style=\"\" rel=\"noopener\">The Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/08\/06\/sunpower-files-for-bankruptcy-plans-to-sell-assets-stock-plummets.html\" style=\"\" rel=\"noopener\">CNBC<\/a> <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong>#1- <\/strong><strong>Acwa <\/strong><strong>will go live with four projects this year: <\/strong>Saudi Arabia\u2019s renewables giant Acwa Power is set to commence commercial operations for four major projects worth USD 3.1 bn by the end of the year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/218.pdf\" style=\"\" rel=\"noopener\">investor report (pdf)<\/a>. The projects include three solar plants,the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c19105bf-6225-4cc7-a10f-abd751a23337\/\" style=\"\" rel=\"noopener\">1.5 GW Sudair<\/a> solar plant \u2014 which the firm received the commercial operation certificate for in January \u2014 the <a target=\"_blank\" href=\"https:\/\/acwapower.com\/en\/projects\/layla-solar-pv-ipp\/\" style=\"\" rel=\"noopener\">80 MW Laylaa<\/a> solar plant, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a55483f3-95f6-4f31-bc1a-df5e9f40762b\/\" style=\"\" rel=\"noopener\">700 MW Ar Rass<\/a> PV plant, while the fourth is the <a target=\"_blank\" href=\"https:\/\/acwapower.com\/en\/projects\/red-sea-global\/\" style=\"\" rel=\"noopener\">Red Sea Global multi-utility project<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the projects:<\/strong> The USD 1.5 bn Red Sea Global project will have a 340 MW solar plant with 1.2 GWh of battery storage, a 32.5k cbm per day desalinated station, a 18.3k cbm per day wastewater treatment plant, a 11.8k tons per year municipal solid waste processing plant, and district cooling with a capacity of 32.5k refrigerator tons (RT). The <a target=\"_blank\" href=\"https:\/\/acwapower.com\/en\/projects\/sudair-pv-ipp\/\" style=\"\" rel=\"noopener\">USD 924 mn<\/a> Sudair solar plant is one of the largest single-contracted solar PV plants globally and the largest of its kind in Saudi. The USD 105 mn Layla project located in Riyadh is 40% owned by Acwa who is also developing the <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/en\/projects\/ar-rass-pv-ipp\/\" style=\"\" rel=\"noopener\">USD 450 mn<\/a> Ar Rass solar station with the PIF-backed Badeel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is doing more: <\/strong>The company added 10.5 GW of renewable power and 400k cbm per day of water to its portfolio through new agreements, the report added. Additionally, nearly 1.5 GW of power and 76k cbm per day of desalination capacity reached initial or commercial operations last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Egypt <\/strong><strong>mulls more green bonds: <\/strong>Egypt\u2019s Finance Ministry is considering issuing EGP-denominated green bonds and sukuk in the local market to address the budget deficit, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/economics\/50546\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%AE%D8%B6%D8%B1%D8%A7%D8%A1-%D9%88%D8%B5%D9%83%D9%88%D9%83-%D8%A8%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing comments made by Finance Minister Ahmed Kouchouk at a press conference yesterday. No further details were disclosed regarding why the ministry is resorting to local markets instead of international ones. Kouchouk\u2018s comments come days after the European Bank for Reconstruction and Development SEMED managing director Heike Harmgart signaled Egyptian local banks are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bf31b386-9e39-498e-8bf1-88f4358b20d7\" style=\"\" rel=\"noopener\">gearing up to issue green bonds<\/a> between this month and September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a hot topic for some time:<\/strong> The Egyptian government was reportedly considering issuing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c843b77a-1525-4832-967a-9343549b79b8\" style=\"\" rel=\"noopener\">green bonds worth USD 700 mn<\/a> this year by an Electricity Ministry-affiliated body. The government was planning to bring in USD 3-5 bn from sovereign green issuances over the next five years at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Egypt\u2019s first: <\/strong>In 2020, Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\" style=\"\" rel=\"noopener\">maiden green bond issuance<\/a> brought in USD 750 mn and was almost 5x oversubscribed, attracting some USD 3.7 bn worth of orders for the bonds, pointing to growing appetites for climate-friendly securities worldwide. Local banks in Egypt are also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bf31b386-9e39-498e-8bf1-88f4358b20d7\" style=\"\" rel=\"noopener\">gearing up to issue green bonds<\/a> between this month and September.<\/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- Chinese battery manufacturers are feeling the crunch: <\/strong>Firms operating in China\u2019s battery industry are still struggling to maintain their market shares on the back of overcapacity, low demand, and decreased prices which are expected to stay down throughout the year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-06\/china-battery-makers-face-overcapacity-weaker-demand-bnef-says?srnd=homepage-americas\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported, citing a report by BloombergNEF. Smaller producers are at risk of having their plants downsized, delayed or canceled while only two producers \u2014 <a target=\"_blank\" href=\"https:\/\/www.catl.com\/\" style=\"\" rel=\"noopener\">Contemporary Amperex Technology<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bydglobal.com\/cn\/en\/BYD_ENProductAndSolutions\/NewEnergy_mob.html\" style=\"\" rel=\"noopener\">BYD<\/a> \u2014 make up over 50% of the market. Prices are expected to stay low throughout the rest of the year until the industry sheds less established manufacturers whose profit margins are dwindling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Battery makers are relying on utility scale energy storage to stay afloat: <\/strong>Battery manufacturers in China have turned to the energy storage market \u2014 which has maintained more resilient demand compared to EVs \u2014 to try and secure their shares in the sector. However this approach isn\u2019t sustainable, BNEF says, projecting that the energy storage market\u2019s growth will be unable to offset the EV slowdown within the next three to five years. The EV industry is set to reach overcapacity of six times later this year, only dropping at the end of the decade to four and a half times if no new projects are announced. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WORTH READING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Insetting could minimize economic loss for climate-sensitive businesses:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/agenda\/2022\/03\/carbon-insetting-vs-offsetting-an-explainer\/\" style=\"\" rel=\"noopener\">Insetting<\/a> \u2014 investing in nature-positive solutions to decarbonize your own supply chain \u2014 could help firms reduce nature-related risks predicted to cost them bns, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/land-use-biodiversity\/comment-if-we-get-it-right-insetting-could-unlock-flood-finance-nature-2024-08-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Given that 52% of global GDP comes from industries reliant on nature, several big conglomerates including Nestle are looking into insetting as an alternative to offsetting, focusing on decarbonizing their own operations through different initiatives such as reforestation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUNDSMART- Insetting vs. Offsetting: <\/strong>Insetting requires a company to tackle their emissions only through their own activities, while offsetting on the other hand involves a company purchasing carbon credits or outsourcing the climate initiatives to bring them to a neutral status, the <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/agenda\/2022\/03\/carbon-insetting-vs-offsetting-an-explainer\/\" style=\"\" rel=\"noopener\">World Economic Forum<\/a> explains. Offsetting as a practice has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c3eaa47d-e796-4380-af6e-243ae01395ea\/today:-tunisia-%25f0%259f%2592%259a-green-hydrogen-%2B-ewec-reviews-four-bids-for-swro-desalination-project\" style=\"\" rel=\"noopener\">under scrutiny<\/a> for some time as uncertainty remains on whether or not the Science Based Targets initiative will accept it as a contribution to meeting net zero targets. As a result of increased doubt around the authenticity of the carbon market, insetting has been rising in popularity in the corporate world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nature and business go hand in hand: <\/strong>Despite climate impact reporting becoming common-place amongst businesses, nearly 70% of companies said they do not measure the impact of their value chains on biodiversity. The reason for this is that it is difficult to assess and quantify a company\u2019s impact across its value chain and even more difficult to understand the complexity of ecosystems which is needed to assess impact. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s not that simple: <\/strong>What counts as insetting is still vague, and lacks quantification standards, Reuters writes. While different climate regulatory bodies \u2014 such as the GHG Protocol, Gold Standard, and Verra \u2014 are working on their own insetting frameworks, a lack of standardization will lead to contradictory results and opinions.Additionally, many companies do not possess the ability to thoroughly trace their value chains, or have their value chains overlap which other stakeholders, which raises the question of who will benefit from insetting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#2-<\/strong> <strong>Big Oil is not happy with the IEA\u2019s anti-fossil fuel stance: <\/strong>Opec is increasingly butting heads with the International Energy Agency (IEA) in response to recently appointed IEA head Faith Birol pushing for a faster transition away from fossil fuels, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/62d21b7a-0520-407c-a0f2-372432b4e3e3\" style=\"\" rel=\"noopener\">Financial Times<\/a> wrote in a deep dive on Birol. Calling the IEA a \u201cprogressive echo chamber,\u201d energy policy maker at the America First Policy Institute Carla Sands and her colleagues believe the organization is no longer neutral. FT expands on how the IEA and Opec were once aligned with their energy forecasts, but have since entered strong opposition over disagreement on when or if the world will hit peak oil demand, and whether the energy transition will destabilize energy security.<\/p>\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Offsets market enters controversy again as one third of credits fail approvals: <\/strong>236 mn carbon credits (32% of the market) failed to meet the <a target=\"_blank\" href=\"https:\/\/icvcm.org\/\" style=\"\" rel=\"noopener\">Integrity Council for the Voluntary Carbon Markets<\/a> (ICVCM) requirements to qualify for a <a target=\"_blank\" href=\"https:\/\/icvcm.org\/core-carbon-principles\/\" style=\"\" rel=\"noopener\">Core Carbon Principles<\/a> (CCP) label, striking the already contracting market with more uncertainty, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-06\/a-third-of-all-carbon-credits-fail-to-get-key-stamp-of-approval?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. Only 27 mn credits (3.6% of the market) have been approved for the CCP label. The ICVCM says current offsetting structures do not properly assess whether or not the carbon credits revenues are effective in incentivizing the projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The carbon credits market has never been void of criticism: <\/strong>The Science-Based Targets initiative (SBTi) \u2014 the world\u2019s leading arbitrar on corporate net-zero targets \u2014 recently called carbon credits largely \u201cineffective.\u201d SBTi's current policy allows carbon offsets only after companies have exhausted other emission reduction efforts, focusing primarily on direct emission cuts. The decision came after CEO Luiz Amaral was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a3349984-b2a9-4468-8219-625e58e19025\/today:-kuwait%25e2%2580%2599s-warba-bank-kicks-off-a-green-bond-issuance\" style=\"\" rel=\"noopener\">asked to step down<\/a> after receiving backlash for loosening the guidelines on carbon offsets. Last month, over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3915d704-d7dc-41be-87fc-f84727fdb653\/today:-green-ammonia-updates-from-egypt-%2B-sirc-launches-mega-waste-to-fuel-plant\" style=\"\" rel=\"noopener\">80 climate nonprofits<\/a> came together to warn against the use of carbon credits as a tool to offset emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA recycles 100k electronic devices as part of e-waste reduction strategy: <\/strong>In collaboration with the International Telecommunication Union (ITU), Saudi Arabia has recycled over 100k electronic devices as part of its digital sustainability strategy, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/479.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Saudi Communications, Space and Technology Commission. The strategy includes e-waste reduction in three countries and enhancing the circular digital economy as part of the Green Digital Action initiative launched at COP 28 with the ITU and 40 partners. <\/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\">Were you forwarded this email? <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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/worldesgsummit.com\/\" style=\"\" rel=\"noopener\">World ESG Summit<\/a><\/strong><strong> from Tuesday, 20 August to Wednesday, 21 <\/strong><strong>August<\/strong> in Dubai. The summit will gather experts and industry leaders to explore new ways to integrate Environmental, Social, and Governance (ESG) principles into business practices. <\/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.cgee.org\/\" style=\"\" rel=\"noopener\">International Conference on Clean and Green Energy Engineering<\/a><\/strong> <strong> from Saturday, 24 August to Monday, 26 August<\/strong> in Izmir. The event will gather researchers and professionals to share advances in clean energy. It will also offer a platform to discuss the latest research, practices, and applications in clean and green energy engineering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85903\" 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=\"85904\" 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=\"85904\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/\">\r\n                            PIF puts down an extra USD 1.5 bn for Lucid Motors                        <\/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\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/\" 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\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/')\">\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\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=PIF puts down an extra USD 1.5 bn for Lucid Motors&url=https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/\">\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\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/&title=PIF puts down an extra USD 1.5 bn for Lucid Motors\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=PIF+puts+down+an+extra+USD+1.5+bn+for+Lucid+Motors+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F08%2F07%2Fpif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors%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\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2272.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85905\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/pif-puts-down-an-extra-usd-1-5-bn-for-lucid-motors\/2272-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2272.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2272.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2272.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2272.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85904\" class=\"content-area-description single-story post-85904 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-lucid-motors tag-ma-watch tag-pif 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\/8\/.72c2c230-6b47-4203-9221-b9b61c9ecf12.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF extending loan facility + acquiring more shares in Lucid:<\/strong> A unit of the Public Investment Fund (PIF) is pouring a total of USD 1.5 bn in US luxury EV manufacturer Lucid, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/578.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The Saudi sovereign wealth fund\u2019s Ayar Third Investment has reached an agreement with Lucid to take USD 750 mn worth of convertible preferred stock via private placement, and commit an additional USD 750 mn through an unsecured delayed draw term loan facility (DDL). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proceeds will finance the company\u2019s capex and working capital<\/strong>, among other things, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What we don\u2019t know: <\/strong><span style=\"background-color: transparent;\">The statement doesn\u2019t provide details on the conditions for the conversion or the implied price per share at which Ayar is buying in, nor does it disclose the withdrawal limits or periods for the DDL.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lucid has not yet tapped the DDL<\/strong>, which could signal that the company is keeping it as a fall-back option if it needs more funding to tap into. Lucid CEO Peter Rawlinson <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/edd90c16-930e-4328-912a-eee0432d7282\/lucid-says-fundraising-inevitable\" style=\"\" rel=\"noopener\">said<\/a> in March that his company cannot depend on the \u201cbottomless wealth\u201d of its Saudi owner and therefore needs to raise funds this year. \u201cIt\u2019s inevitable we need to raise in the future, it\u2019s just a question of when,\u201d Rawlinson told the salmon-colored paper. \u201cWe need to pick our moment.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>This is Ayar\u2019s second investment in Lucid this year, after it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/24d261bb-f0f8-4a49-988c-7e3eeebeaa2a\/%253cmark%253e%253c%2Fmark%253epif%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edoubles%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edown%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elucid%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ewith%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e1%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvestment%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">took USD 1 bn<\/a> in convertible preferred stocks last March to fund the EV maker's capex and working capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> Convertible preferred stock is essentially a kind of hybrid between equity and a bond. There are three keys here: \u201cPreferred\u201d means that Ayar gets dividend payments if Lucid starts making them, just like regular preferred stock. But Ayar is also locking in upside: It\u2019s not buying common stock in the company. If the value of Lucid\u2019s shares go above the price at which Ayar bought in, it can \u2014 if it wants \u2014 swap its convertible preferred stock for ordinary shares and book the difference in value as gain on the investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about delayed draw term loans? <\/strong>These operate like any other loan facility, only with the caveat that they are withdrawn in set intervals \u2014 allowing for withdrawal periods every three, six, or nine months \u2014 within certain limits, which are both agreed in advance. Lenders could also link withdrawal periods with certain KPIs, if they wish. <\/p>\n<p class=\"tag-border-left\">LUCID IS STILL IN THE RED-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EV maker <\/strong><strong>reported a net loss of USD 665<\/strong><strong>.<\/strong><strong>8 mn<\/strong><strong> in 2Q 2024 while revenues for the quarter rose <\/strong><strong>32.9%<\/strong><strong> y-o-y to USD 200.6 mn<\/strong>, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/579.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis: <\/strong>Lucid recorded USD 1.29 bn in losses in 1H 2024, while revenues increased 24.3% in the first half of the year to USD 373.3 mn in 1H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Delivery rates + liquidity aren\u2019t looking too bad:<\/strong> Lucid delivered about 2.4k vehicles in this quarter, up 70.5% compared to 2Q 2023, and expects to manufacture approximately 9k vehicles in 2024. The company ended 2Q with USD 4.28 bn of total liquidity and an additional USD 1.5 bn commitment by a PIF affiliate in order to fund its plans until the end of 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The EV industry has been slowing down:<\/strong> Lucid Motors\u2019 shares were <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\">down 31% in March<\/a> compared to the beginning of the year. BYD experienced its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/49e9b05d-b30e-428c-8be7-69fec3f4bc84\/today:-sonelgaz-and-cosider-kick-off-a-new-solar-project-%2B-egypt-earmarks-bns-for-food-security,-sets-aside-more-land-for-renewables\" style=\"\" rel=\"noopener\">slowest quarterly bottomline growth<\/a> in two years in April due to the slowdown in the momentum of EV sales, leading to a 6.1% drop in the company\u2019s Hong Kong shares. Many experts have expressed that the US appetite for EVs \u2014 which rose to a peak during covid \u2014 has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/672238e9-7504-4bce-81e5-75444ffe6fdb\/saudi%25e2%2580%2599s-pif-doubles-down-on-lucid-with-usd-1-bn-investment\" style=\"\" rel=\"noopener\">fallen off<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/lucid-motors\/\">Lucid Motors<\/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\/pif\/\">PIF<\/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=\"85906\" 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=\"85906\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/ebrd-to-provide-eur-25-mn-in-funding-for-aeolus-scatecs-tunisian-solar-projects\/\">\r\n                            EBRD to provide EUR 25 mn in funding for Aeolus + Scatec\u2019s Tunisian solar projects                        <\/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\/08\/07\/ebrd-to-provide-eur-25-mn-in-funding-for-aeolus-scatecs-tunisian-solar-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- 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          <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85907\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/ebrd-to-provide-eur-25-mn-in-funding-for-aeolus-scatecs-tunisian-solar-projects\/287-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"287.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85906\" class=\"content-area-description single-story post-85906 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-scatec tag-solar-energy 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\/8\/.ba6ec0b7-9b77-41fd-bd60-5bf8ef762327.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have financial details on Scatec + Aeolus\u2019s solar project in Tunisia: <\/strong>The European Bank for Reconstruction and Development (EBRD) and the French development agency, Proparco, are lending Japan\u2019s Aeolus \u2014 a subsidiary of Toyota\u2019s investment arm Toyota Tsusho Group \u2014 and Norwegian renewables developer Scatec EUR 25 mn for the construction of two 60 MW solar power plants in Tunisia, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2024\/ebrd-promotes-renewable-energy-in-tunisia.html\" style=\"\" rel=\"noopener\">press release.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The breakdown:<\/strong><span style=\"background-color: transparent;\"> The EBRD's financing package includes a EUR 12.5 mn loan, a EUR 8.2 mn concessional tranche from the Bank\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/fiftrustee.worldbank.org\/en\/about\/unit\/dfi\/fiftrustee\/fund-detail\/ctf\" rel=\"noopener\">Clean Technology Fund<\/a><span style=\"background-color: transparent;\"> (CTF), and another EUR 4.6 mn tranche from its <\/span><a target=\"_blank\" href=\"https:\/\/www.thegef.org\/\" rel=\"noopener\">Global Environment Facility<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Japan is aiding Africa\u2019s green energy transition:<\/strong> The solar plants, also supported by Japan's Joint Crediting Mechanism (JCM) program, aim to provide low-cost green electricity and are expected to cut annual CO2 emissions by up to 108k tons once operational, according to the statement. Aeolus was founded as \u201ca joint venture to promote renewable energy business in Africa,\u201d and this marks its first investment since the company was established in March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Aeolus acquired 49% ownership of the two projects earlier this week,<\/strong> after it signed a partnership agreement with Scatec to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/274e119b-16b4-40d7-8dd1-559acce0f5af\/aeolus-acquires-a-49%2525-stake-in%253cmark%253e-scatec%253c%2Fmark%253e%25e2%2580%2599s-tunisian-solar-projects\" style=\"\" rel=\"noopener\">jointly develop<\/a> and own the latter\u2019s EUR 79 mn Sidi Bouzid and Tozeur solar projects<strong>. <\/strong>The tender for the plants entered its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/49323739-3e66-4bc3-ab31-fa005d1a6639\/today:-ma%25e2%2580%2599aden-and-pif-finalize-vale-acquisition-%2B-wave-energy-picks-up-in-oman\" style=\"\" rel=\"noopener\">final stages<\/a> back in May. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/scatec\/\">Scatec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"85908 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=\"85908\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/85908\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85908\" class=\"content-area-description single-story post-85908 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareinfinitypower.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/851.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85909\" 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=\"85909\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/empowers-2q-revenues-are-up-while-bottomline-dips\/\">\r\n                            Empower\u2019s 2Q revenues are up while bottomline dips                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Empower%E2%80%99s+2Q+revenues+are+up+while+bottomline+dips+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F08%2F07%2Fempowers-2q-revenues-are-up-while-bottomline-dips%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/empowers-2q-revenues-are-up-while-bottomline-dips\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85909\" class=\"content-area-description single-story post-85909 post type-post status-publish format-standard hentry category-earnings-watch tag-district-cooling tag-earnings-watch tag-empower tag-enterpriseclimate tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.40b58c0f-5977-4bce-b6ee-bed50b00a391.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Empower\u2019s <\/strong><strong style=\"background-color: transparent;\">net income dips in 2Q:<\/strong><span style=\"background-color: transparent;\"> The UAE\u2019s Emirates Central Cooling Systems Corporation (Empower) recorded a 4.9% y-o-y dip in net income to AED 224 mn in 2Q 2024, compared to AED 235.6 mn in the same period last year, according to a <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/466.pdf\" rel=\"noopener\">financial statement (pdf)<\/a><span style=\"background-color: transparent;\">. The company\u2019s revenues jumped 11.4% to AED 813.8 mn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis: <\/strong>Empower\u2019s net income dropped 3.3% y-o-y in 1H to AED 389.5 mn, compared to AED 402.9 mn in 2023. The company\u2019s revenues rose 10.3% to AED 1.35 bn for the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Behind the numbers: <\/strong><span style=\"background-color: transparent;\">Empower\u2019s jump in revenues is driven by the increasing demand for sustainable cooling solutions with real estate developers and owners driving the adoption of district cooling systems, the company said in a separate <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/469.pdf\" rel=\"noopener\">press release (pdf)<\/a><span style=\"background-color: transparent;\">. Rising occupancy rates in various real estate sectors, especially residential, and the expansion of the company's project portfolio also contributed to its revenue growth. Empower\u2019s total connected capacity jumped to around 1.53 mn refrigerator tons (RT) after adding over 20k RT during 1H of the year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook: <\/strong>The company expects to grow its capacity in the UAE and expand into neighboring countries as the global district cooling market \u2014 currently valued at USD 28.3 bn in 2023 \u2014 is expected to reach USD 51.9 bn by 2031, the recent financial statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making strides in the energy sector:<\/strong> Empower won <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/eb7735b0-8ad2-4a98-b251-7d38199d8cac\" style=\"\" rel=\"noopener\">four energy awards<\/a> during the International District Energy Association Annual Conference and Exhibition. It was also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/72dcd1e1-15e2-4e0c-920c-00b90b099ba6\/\" style=\"\" rel=\"noopener\">awarded its sixth Gold rating<\/a> for its Business Bay 05 district cooling plant by the United States Green Building Council.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/district-cooling\/\">district cooling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/empower\/\">Empower<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85910\" 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=\"85910\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/\">\r\n                            Sabic partners with the Fujian Government for a thermoplastics plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Sabic partners with the Fujian Government for a thermoplastics plant&url=https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/&title=Sabic partners with the Fujian Government for a thermoplastics plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Sabic+partners+with+the+Fujian+Government+for+a+thermoplastics+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F08%2F07%2Fsabic-partners-with-the-fujian-government-for-a-thermoplastics-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/569.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85911\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/sabic-partners-with-the-fujian-government-for-a-thermoplastics-plant\/569-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/569.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"569.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/569.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/569.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85910\" class=\"content-area-description single-story post-85910 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-green-industry tag-sabic 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\/8\/.dd708dd9-ddf5-46df-9123-013bcc6ce00b.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">GREEN INDUSTRY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sabic <\/strong><strong>signs agreement for thermoplastics plant: <\/strong>Saudi petrochemicals giant Sabic signed a potential investment agreement with the Fujian government to build an engineering thermoplastics compounding plant in China's Fujian Province, according to a <a target=\"_blank\" href=\"https:\/\/www.sabic.com\/en\/news\/44434-sabic-and-fujian-government-sign-potential-investment-agreement\" style=\"\" rel=\"noopener\">statement<\/a>. The new plant will produce advanced materials like <a target=\"_blank\" href=\"https:\/\/ff.sabic.eu\/en\/lexan-polycarbonate-sheet\" style=\"\" rel=\"noopener\">Lexan polycarbonate<\/a> and <a target=\"_blank\" href=\"https:\/\/www.sabic.com\/en\/products\/specialties\/lnp-compounds-and-pc-copolymer-resins\/cycoloy-fr-resin?grade=cx7720\" style=\"\" rel=\"noopener\">Cycoloy<\/a> blends, catering to electronics, automotive, and emerging sectors including solar energy. Thermoplastic compounds are <a target=\"_blank\" href=\"https:\/\/goldenplast.com\/en\/thermoplastic-compounds\/\" style=\"\" rel=\"noopener\">versatile materials<\/a> combining the properties of plastics and rubbers, making them easy to mold, recyclable, and energy-efficient. The new plant will work in collaboration with Sabic\u2019s existing operations in China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>EVs <\/strong><strong>are gaining popularity <\/strong><strong>in UAE<\/strong><strong>: <\/strong>Around 73% of UAE residents prefer EVs, with 61% interested in hybrid vehicles for future purchases. Fuel cell EVs are also gaining traction at 50% and biogas vehicles are at 40%. (<a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/automobile\/2024-08-06-1.4914828\" style=\"\" rel=\"noopener\">Al Bayan<\/a>)<\/li>\n<li><strong>Al Sharqi slashed emissions in 2023: <\/strong>UAE\u2019s logistics services provider <a target=\"_blank\" href=\"https:\/\/www.alsharqi.co\/\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.alsharqi.co\/\" style=\"\" rel=\"noopener\">Sharqi Shipping<\/a> has received the <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/transportation-services\/eco-delivery\" style=\"\" rel=\"noopener\">Maersk ECO Delivery<\/a> CO2e Saving Certificate for 2023. Utilising Maersk\u2019s ECO Delivery Ocean services, the company was able to reduce its greenhouse gas emissions by 3.5k tons, representing a 84.64% decrease compared to its conventional fossil fuel alternatives for shipping. (<a target=\"_blank\" href=\"https:\/\/www.alsharqi.co\/news\/maersk-eco-delivery-co2e-saving-certificate-for-2023\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/green-industry\/\">green industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sabic\/\">Sabic<\/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=\"85912\" 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=\"85912\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/\">\r\n                            Singapore\u2019s Sembcorp will pour USD 528 mn into green energy initiatives                        <\/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\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/\" 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\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/')\">\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\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/\">\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=Singapore\u2019s Sembcorp will pour USD 528 mn into green energy initiatives&url=https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/\">\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\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/&title=Singapore\u2019s Sembcorp will pour USD 528 mn into green energy initiatives\">\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=Singapore%E2%80%99s+Sembcorp+will+pour+USD+528+mn+into+green+energy+initiatives+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F08%2F07%2Fsingapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives%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\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/567.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85913\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/singapores-sembcorp-will-pour-usd-528-mn-into-green-energy-initiatives\/567-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/567.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"567.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/567.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/567.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85912\" class=\"content-area-description single-story post-85912 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-green-finance 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\/8\/.a28b3242-f968-44b9-ac9a-6d7b12225fa2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sembcorp to invest USD 528 mn in green energy:<\/strong> Singapore\u2019s renewables giant <a target=\"_blank\" href=\"https:\/\/www.sembcorp.com\/\" style=\"\" rel=\"noopener\">Sembcorp Industries<\/a> announced a SGD 700 mn (USD 528.5 mn) investment in green energy initiatives to establish itself as a leading low-carbon firm, according to a <a target=\"_blank\" href=\"https:\/\/www.sembcorp.com\/news-and-insights\/news\/2024\/sembcorp-announces-strategic-plan-to-lead-in-low-carbon-industrial-park-development\/\" style=\"\" rel=\"noopener\">press release<\/a>. The company aims to develop low-carbon industrial parks in Asia, including Vietnam and Indonesia, and explore partnerships for an asset management platform. The funding will come from a mix of operating cash flow, project financing, internal funding, and capital recycling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Sembcorp is active in the region:<\/strong><span style=\"background-color: transparent;\"> The company\u2019s affiliate Sembcorp Utilities partnered with Chinese solar module manufacturer JinkoSolar to develop Oman\u2019s Manah 2 solar plant in <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3aad63f3-6a3c-472b-950e-1d350da25403\" rel=\"noopener\">March last year<\/a><span style=\"background-color: transparent;\">. A JV established by Sembcorp Utilities and Jinko Power <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1728d9b1-718d-4aef-858e-d2202348434d\/today:-a-spate-of-renewables-agreements-emerge-from-the-india-saudi-investment-forum\" rel=\"noopener\">secured approval<\/a><span style=\"background-color: transparent;\"> for its share capital to be listed on the Third Market of the Muscat Stock Exchange in September 2023. The JV was issued a license with a share capital of RO 500k (USD 1.3 mn) comprising 500k shares by Oman\u2019s Ministry of Commerce, Industry, and Investment Promotion.<\/span><\/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>South Africa renewables plans impeded by rejected grid access: <\/strong>A bid by renewable power generators to access South Africa\u2019s grid was rejected by its regulator, putting a wrench in the country\u2019s Renewable Energy Independent Power Producer Procurement Program. Investors have also been discouraged due to delays and losses stemming from a lack of grid allocation. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-06\/south-africa-renewables-goal-at-risk-as-access-to-grid-is-denied?srnd=homepage-europe\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/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=\"85914\" 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=\"85914\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/\">\r\n                            Magnetic levitation can revolutionize how cars work                        <\/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\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/\" 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\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/')\">\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\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/\">\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=Magnetic levitation can revolutionize how cars work&url=https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/\">\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\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/&title=Magnetic levitation can revolutionize how cars work\">\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=Magnetic+levitation+can+revolutionize+how+cars+work+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F08%2F07%2Fmagnetic-levitation-can-revolutionize-how-cars-work%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\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/328.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85915\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/07\/magnetic-levitation-can-revolutionize-how-cars-work\/328-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/328.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"328.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/328.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/328.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85914\" class=\"content-area-description single-story post-85914 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseclimate tag-green-tech tag-on-your-way-out 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\/8\/.15949189-a5d9-43e1-95f7-001be2f94f2a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cars could start running on magnets: <\/strong>Researchers have developed new magnetic levitation (maglev) technology that could eliminate the need for traditional engines and batteries in cars, <a target=\"_blank\" href=\"https:\/\/thefinancialdaily.com\/japans-magnetic-levitation-cars-industry\/\" style=\"\" rel=\"noopener\">The Financial Daily<\/a> reported, citing a study by the Quantum Machine Unit at the <a target=\"_blank\" href=\"http:\/\/www.oist.jp\" style=\"\" rel=\"noopener\">Okinawa Institute of Science and Technology<\/a> (OIST). The tech could help produce cars that can glide by using magnetic fields that propel vehicles without friction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">How does it work?<\/strong><span style=\"background-color: transparent;\"> OIST\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/www.oist.jp\/news-center\/news\/2024\/4\/8\/innovative-magnetic-levitation-new-material-offers-potential-unlocking-gravity-free-technology\" rel=\"noopener\">maglev system<\/a><span style=\"background-color: transparent;\"> only requires energy at start-up to initiate the magnetic field. This allows vehicles made of <\/span><a target=\"_blank\" href=\"https:\/\/radiopaedia.org\/articles\/diamagnetism\" rel=\"noopener\">diamagnetic<\/a><span style=\"background-color: transparent;\"> materials \u2014 materials repelled by magnetic fields like graphite \u2014 to float above the track and move without further electrical or mechanical thrust. It also eliminates friction, allowing the car to move without engines, batteries, or other propulsion methods.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are challenges ahead: <\/strong>Challenges for scaling the technology for practical use include reducing kinetic energy at the surface level and preventing energy loss in the graphite immersed in the magnetic field. The material\u2019s durability and efficiency also needs to be improved, along with developing infrastructure that can support the technology, the researchers concluded in the study.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85916\" 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\/08\/07\/85916\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85916\" class=\"content-area-description single-story post-85916 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;\">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;\">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>23-25 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/powerelecbahrain.com\/\" style=\"\">Powerlec Bahrain 2024<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/steel.apexevents.cn\/\" style=\"\">Green Steel 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=\"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>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/csew.net\/\" style=\"\">Cairo Sustainable Energy 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>2-3 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wges.ae\/\" style=\"\">World Green Economy 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>10-12 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/icaige.tn\/\" style=\"\">The IEEE International Conference on Artificial Intelligence & Green Energy<\/a><\/span><span style=\"font-weight:400;\">, Yasmine Hammamet, Tunisia.<\/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>15-16 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-ksa\/index.stm\" style=\"\">Solar & Storage Live KSA<\/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>6-7 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsiasolar.com\/refa-renewable-energy-forum-africa-2023\/\" style=\"\">Renewable Energy Forum Africa<\/a><\/span><span style=\"font-weight:400;\">, Tunis, Tunisia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/africa-press-releases\/southern-african-german-chamber-of-commerce-partners-with-critical-mineral-africa-cma-for-2024-summit-ccdt5jdr\" style=\"\">Critical Mineral Africa Summit<\/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<\/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>19-22 November (Tuesday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.was.org\/meeting\/code\/AFRAQ24\" style=\"\">Aquaculture Africa 2024<\/a><\/span><span style=\"font-weight:400;\">, Hammamet, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26- 27 November: (Tuesday - Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b4243wl-abu-dhabi-host-world-food-security-summit-for\" style=\"\">World Food Security 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>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=\"\">Future Power 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>3-4 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/msgbcoilgasandpower.com\/event\/msgbc-oil-gas-power-2024\/\" style=\"\">MSGBC Oil, Gas & Power 2024 conference<\/a><\/span><span style=\"font-weight:400;\">, Dakar, Senegal.<\/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>12-15 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wrenuk.co.uk\/\" style=\"\">World Renewable Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/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>23-25 February (Sunday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gweccc.com\/\" style=\"\">Global Water Energy and Climate Change Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/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>24-27 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/environment-authority-to-hold-inaugural-oman-climate-week-february-24-27-2025-uwf3f8c6\" style=\"\">Oman Climate Week<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman. <\/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=\"\">Arab Forum for Renewable Energy and Energy Efficiency<\/a><\/span><span style=\"font-weight:400;\">, Amman, Jordan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\" style=\"\">International Union for Conservation of Nature World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/uae-may-be-getting-more-evs-79880\/\" style=\"\">have over 1k<\/a><\/span><span style=\"font-weight:400;\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/expo-sharjah-signs-partnership-agreement-to-launch-the-middle-east-electric-vehicle-show-2025-htkk34ud\" style=\"\">Middle East Electric Vehicle Show<\/a><\/span><span style=\"font-weight:400;\">, Sharjah, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/will-we-soon-see-a-carbon-offset-tax-in-egypt-79885\/\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/goodbye-single-ac-units-mena-wont-be-needing-your-services-anymore-79605\/\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">World Water Forum, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/enterprise-climate-sits-down-with-mariam-almheiri-the-uaes-climate-change-and-environment-minister-79434\/\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/07\/project-update-tunisia-speaks-to-afdb-ifc-for-solar-plant-financing-80546\/\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/today-cloud-wars-afreximbank-gets-love-from-nexi-also-indias-reliance-wants-to-build-20-gw-of-renewables-79598\/\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/31\/moroccos-usd-18-bn-renewables-export-hub-79733\/\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Lucid gets a lifeline | EBRD funds Aeolus + Scatec solar farms | Empower posts 2Q earnings | Acwa lines up project launches this year<\/p>\n","protected":false},"featured_media":85900,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-85899","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7083e031-f5c7-4b1b-a45f-3fc9e08ce739","teaser":"Lucid gets a lifeline | EBRD funds Aeolus + Scatec solar farms | Empower posts 2Q earnings | Acwa lines up project launches this year","photo_url":"https:\/\/ent.news\/2024\/4\/512.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>KSA\u2019s PIF puts down an extra USD 1.5 bn for Lucid Motors snapping up more shares - 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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