{"id":86430,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=86430"},"modified":"2025-12-15T11:24:16","modified_gmt":"2025-12-15T11:24:16","slug":"acwa-power-secures-usd-2-6-bn-in-financing-for-three-saudi-solar-projects","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/acwa-power-secures-usd-2-6-bn-in-financing-for-three-saudi-solar-projects\/","title":{"rendered":"Acwa Power secures USD 2.6 bn in financing for three Saudi solar projects"},"content":{"rendered":"<section id=\"86432\" 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=\"86432\">\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\/09\/02\/today-acwa-power-secures-usd-bns-in-financing-for-solar-projects\/\">\r\n                            TODAY: Acwa Power secures USD bns in financing for 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\/09\/02\/today-acwa-power-secures-usd-bns-in-financing-for-solar-projects\/\" 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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Let\u2019s dive right in.<\/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>There was no single story dominating <\/strong><strong>the headlines over the weekend<\/strong>, but the Biden administration has once again postponed its final decision on imposing steep US tariffs on Chinese-made EVs, batteries, semiconductors, and solar cells, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/ustr-says-decision-section-301-tariffs-chinese-imports-be-announced-coming-days-2024-08-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing a <a target=\"_blank\" href=\"https:\/\/ustr.gov\/about-us\/policy-offices\/press-office\/press-releases\/2024\/august\/ustr-update-final-determination-section-301-investigation\" style=\"\" rel=\"noopener\">statement<\/a> from the US Trade Representative\u2019s Office (USTR). The tariffs \u2014 which include a 100% duty on EVs and a 50% duty on semiconductors and solar cells \u2014 were initially set to take effect on 1 August, before being postponed to 31 of August. The USTR will make its final decision public in the next few days, with the hikes expected to affect about USD 18 bn in Chinese imports. <strong>The story also grabbed ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-30\/ustr-set-to-formally-approve-china-tariffs-increase-soon\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in the EU, new tariffs are already impacting Chinese EVs sales and market share. <\/strong>Chinese automakers registered only 14k EVs across Europe in July, a 9.7% decrease compared to the same month last year, and a 39% drop compared to June, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-30\/chinese-ev-makers-suffer-setback-in-europe-after-tariffs-start\" style=\"\" rel=\"noopener\">Bloomberg<\/a> wrote on Friday, citing info by global AI-driven data collection platform <a target=\"_blank\" href=\"https:\/\/www.dataforce.de\/en\/\" style=\"\" rel=\"noopener\">Dataforce<\/a>. This comes In response to the EU\u2019s recent introduction of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1187855c-430a-49b6-9ea1-2b583824578c\" style=\"\" rel=\"noopener\">new tariffs on EVs manufactured in China<\/a>, which reached 48% for some car brands. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>#1- <\/strong><strong>An<\/strong><strong> energy corridor <\/strong><strong>between Cyprus and Egypt? <\/strong>An energy corridor connecting Egypt and Cyprus to carry natural gas and renewable energy was discussed by Oil Minister Karim Badawi and his Cypriot counterpart Giorgos Papanastasiou, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02CqUUxrtSTLNFK5kqSC9bZnQ5RNXVRBWL4xS8B7haFrmYb9ptuf65MhQR64tbhxpfl\" style=\"\" rel=\"noopener\">statement<\/a> published on Thursday. Egypt, Cyprus, and Greece signed a cooperation framework agreement for a planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8c0b43d9-331d-4cc8-b164-8133389418aa\/is-another-major-electricity-export-project-with-europe-afoot%3F\" style=\"\" rel=\"noopener\">2 GW power linkage project<\/a> between the three countries through the Greek island of Crete, in May 2019. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- <\/strong><strong>Egypt\u2019s government is planning to establish <\/strong><strong>a 50k sqm local EV manufacturing facility<\/strong>, the Higher Education Ministry said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOHESREGYPT\/posts\/pfbid02XEgBAZoCKoLbL8U57Z6KJfybfL5gYnKcj5JLSRiDtrZ8oaZzXMcEXqqoxX9WkLXLl\" style=\"\" rel=\"noopener\">statement<\/a>. \u201cSerious steps\u201d will be taken to raise the percentage of local inputs into the manufacture of EVs through the project, with the goal of achieving \u201cself-sufficiency in the field of manufacturing electric cars.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #2- EGA eyes global expansion with further acquisitions: <\/strong>Mubadala-backed Emirates Global Aluminium (EGA) is targeting further acquisitions in East Asia, Europe, the US, and Mexico after completing two transactions this year, CEO Abdulnasser Bin Kalban told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-29\/biggest-middle-east-aluminum-maker-targets-more-acquisitions\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The Middle East\u2019s largest aluminum producer aims to boost its production capacity by purchasing metal-recycling assets to meet rising demand for recycled metal products in the US and Europe. The acquisitions will also help EGA diversify its customer base and market segments away from China, where there is currently a slowdown in construction, Bin Kalban said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>EGA recently expanded into the US aluminum recycling market by acquiring an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99d49fce-f14f-4ca7-9781-013bae10a468\/ega-to-acquire-a-majority-stake-in-us-based%253cmark%253e-spectro%253c%2Fmark%253e-alloys\" style=\"\" rel=\"noopener\">80% stake<\/a> in Minnesota-based <a target=\"_blank\" href=\"https:\/\/www.spectroalloys.com\/\" style=\"\" rel=\"noopener\">Spectro Alloys<\/a>. This follows EGA\u2019s acquisition of 100% of Germany\u2019s Leichtmetall Aluminum Giesserei from Leichtmetall Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/405d2695-3a2f-459f-ad36-c9b0c76777f3\/dubizzle-acquires-automotive-news-platform-drive-arabia-%2B%253cmark%253e-ega%253c%2Fmark%253e-completes-leichtmetall-acquisition#:~:text=EGA%20now%20owns%20Leichtmetall%3A\" style=\"\" rel=\"noopener\">https:\/\/enterprise.news\/climate\/en\/news\/story\/238d0c43-4163-4b10-a975-7890b998ad85<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- EGA\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a3dd656e-dbf0-42a4-b2a2-be31add49a8f\" style=\"\" rel=\"noopener\">aluminum recycling plant<\/a><\/strong><strong> is set to begin operations in 2026 ahead of <\/strong><strong>schedule<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-posts-solid-first-half-financial-performance-amid-sustained-demand-for-premium-aluminium\/#\" style=\"\" rel=\"noopener\">1H 2024 financial results<\/a>. The plant will process around 170k tons of aluminum scraps annually into low-carbon aluminum billets to supply local and global markets, and will be located next to EGA\u2019s existing smelter in Khalifa Industrial Zone Abu Dhabi\u2019s Al Taweelah complex. EGA first announced plans for the project in October 2023 and broke ground on the plant last November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Tabreed eligible for carbon trading with Verified Carbon Standard certification: <\/strong>UAE district cooling firm Tabreed has received the <a target=\"_blank\" href=\"https:\/\/verra.org\/programs\/verified-carbon-standard\/\" style=\"\" rel=\"noopener\">Verified Carbon Standard<\/a> (VCS) for one of its Abu Dhabi plants from US-based voluntary carbon credit certification body Verra, making it eligible for carbon trading, according to a <a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/news\/tabreed-completes-verified-carbon-standard-programme-proving-environmental-credentials-world-first-project\/\" style=\"\" rel=\"noopener\">press release<\/a>. Verra conducted a year-long assessment of the facility to determine whether its operations bring environmental benefits, determining that the facility has a capacity of 28k refrigeration tonnes and cuts 19k tons of emissions reductions per annum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A first for district cooling: <\/strong>Tabreed can now trade voluntary carbon credits as an \u201cemissions preventer\u201d marking the first time a district cooling company has earned the title. Tabreed can now apply for the same methodology that earned its verification to other facilities within its portfolio. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong> <strong>Maersk\u2019s first green-powered journey across the Pacific was short lived: <\/strong>The Alette Maersk recently attempted to make its mark as the first container vessel to travel on low carbon methanol fuel across the Pacific Ocean, but was forced to return to using fossil fuels on its return leg to China due to a lack of availability of the green fuel in its final destination to the US, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/maersk-says-ocean-shippings-zero-emissions-push-needs-government-support-2024-08-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big industry players are seeking help: <\/strong>Maersk urged the Biden administration to channel the use of the Inflation Reduction Act to bolster the production and use of green maritime fuel as it has done for trucking and aviation. The company, along with CMA CGM, Hapag-Lloyd, and MSC have come together to present a plan to the International Maritime Organization to tax shipping carriers that stand to gain a competitive edge from cheaper fossil fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Maersk is not the only one struggling to keep up the green methanol momentum:<\/strong> Renewables group Orsted backtracked on plans to build Europe\u2019s largest e-methanol plant due to market growth occurring more slowly than expected, Reuters added. Low-carbon methanol\u2019s cost of production has been one of the main obstacles impacting the fuel\u2019s adoption, reaching 2-3 times higher than the cost of producing its fossil fuel alternative.<\/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\">COP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a id=\"wwtt1\"><\/a>#1- COP29 negotiations at impasse over climate finance target: <\/strong>As COP29 creeps closer, developed countries are still divided on what the new target for offering green funding to developing countries should be, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/countries-still-far-apart-cop29-finance-goal-2024-08-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported Saturday, citing a negotiations document from the UNFCCC. The document outlines seven possible options to replace the current USD 100 bn annual commitment from wealthy nations. Developing countries are pushing for a significantly higher funding goal, while donor countries argue that a substantial increase is unrealistic due to strained national budgets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opinions are split across different regions: <\/strong>Arab nations are supporting a proposal that calls for developed countries to provide USD 441 bn in grants annually, aiming for a total of USD 1.1 tn from all sources, including private finance. Another proposal, favored by the EU, sets a broader funding target of over USD 1 tn annually, incorporating domestic investments and private funding, but with a smaller portion provided by wealthier countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some are calling for oil producing developing countries to enter the equation:<\/strong> Canada has supported a plan suggesting that contributions should be based on per-capita emissions and income, which could potentially affect nations such as the UAE and Qatar. The EU also insists that China \u2014 the world\u2019s biggest polluter \u2014 contribute to this new goal, which China has rejected based on its UN classification as a developing country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- US-China climate talks are happening this week: <\/strong>US Senior Advisor to the President for International Climate Policy John Podesta is scheduled to meet China\u2019s Special Envoy for Climate Change Liu Zhenmin in China this week to discuss ways of reducing global emissions and increasing funding for developing nations, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-28\/us-china-climate-negotiators-to-meet-next-week-on-emission-cuts\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week. Podesta and Liu will focus on establishing post-2025 funding goals for the green transition in developing countries, a contentious issue ahead of COP29. The two will also solidify cooperation on energy transitions by addressing a broader range of greenhouse gasses beyond CO2. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Podesta + Liu have plans for COP29:<\/strong> The meeting between two of the world\u2019s largest greenhouse gas emitters will build on their previous <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/148de9d0-5b4f-4477-94f5-5e2ab6976912\/today:-another-blockbuster-green-sukuk-issuance-for-al-rajhi\" style=\"\" rel=\"noopener\">talks in May<\/a>, where they had agreed to co-host an event on methane and other greenhouse gasses reduction at COP29 in Azerbaijan. The pair also discussed Chinese overcapacity of solar panels, EV batteries, steel, and coal power \u2014 which has been an area of contention for some time \u2014 and agreed to improve monitoring and standards of methane emissions controls. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- UK to crack down on emissions at COP29: <\/strong>The UK will likely unveil stronger emissions reductions pledges at COP29, months ahead of the deadline set by the Paris Agreement for countries to disclose their Nationally Determined Contributions by February of next year, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/article\/2024\/aug\/29\/uk-emissions-targets-cop29-climate-summit-labour\" style=\"\" rel=\"noopener\">The Guardian<\/a> reported last week. The move \u2014 announced by the UK\u2019s Secretary of State for Energy Security Ed Miliband, and supported by Prime Minister Keir Starmer \u2014 comes in efforts to mobilize similar action from other countries. Miliband has sought out advice on the new goals from the Climate Change Committee whose recommendation is likely to be revealed before October. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- COP29 to launch transparency platform during upcoming dialogue: <\/strong>The COP29 presidency is planning to launch the Baku Global Climate Transparency Platform (BTP) during the upcoming High-Level Dialogue taking place tomorrow, according to a <a target=\"_blank\" href=\"https:\/\/cop29.az\/en\/news\/letter-to-parties-and-constituencies-on-transparency\" style=\"\" rel=\"noopener\">statement<\/a> published on Thursday. The BTP aims to increase transparency and confidence leading up to the climate summit by assisting members in finalizing their <a target=\"_blank\" href=\"https:\/\/unfccc.int\/biennial-transparency-reports#:~:text=Under%20the%20Enhanced%20Transparency%20Framework,due%20by%2031%20December%202024.\" style=\"\" rel=\"noopener\">biennial transparency reports<\/a> under the Paris Agreement\u2019s <a target=\"_blank\" href=\"https:\/\/unfccc.int\/process-and-meetings\/transparency-and-reporting\/preparing-for-the-ETF\" style=\"\" rel=\"noopener\">Enhanced Transparency Framework<\/a>, and maintaining those efforts \u2014 including support for developing countries \u2014 beyond 2024. <\/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>Global electricity generation from solar farms has consistently outperformed <\/strong><strong>wind farms since May,<\/strong> marking the longest period ever where solar power has been the leading source of utility-scale renewable electricity worldwide, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/global-solar-generation-overtakes-wind-longest-ever-stretch-maguire-2024-08-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported Thursday, citing energy think tank Ember. Solar electricity generation surpassed wind by 1.65 terawatt hours (TWh) in May, and in June, the gap widened to 9.57 TWh. Data has not been released for July and August yet, but this trend is expected to continue with solar likely maintaining its lead until seasonal changes favor wind power in the winter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Solar won\u2019t stay on top for long:<\/strong> Although solar has grown twice as fast as wind over the past five years on the back of lower costs and quicker construction times, wind farms\u2019 ability to generate electricity around the clock will likely see them regain their position as the top renewable energy source annually, especially as large offshore wind projects come online in the coming years. Wind generation, which typically peaks during the winter months due to higher wind speeds, is projected to be at least 30% greater than solar for the full year of 2024, the newswire wrote.<\/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 EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>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>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC and Infinity Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldutilitiescongress.com\/\" style=\"\" rel=\"noopener\">World Utilities Congress<\/a><\/strong><strong> from Monday, 16 September to Wednesday, <\/strong><strong>18 September<\/strong> in Abu Dhabi. The event will gather global energy leaders, policymakers, and other industry professionals from the power and water utilities value chain to discuss industry trends and challenges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/evautoshowonline.com\/\" style=\"\" rel=\"noopener\">EV Auto Show<\/a><\/strong><strong> from Tuesday, 17 September to Thursday, 19 <\/strong><strong>September<\/strong> in Riyadh. The show offers a platform for participants to learn about the latest EV technologies and services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/steel.apexevents.cn\/\" style=\"\" rel=\"noopener\">Green Steel Summit<\/a><\/strong><strong> from Wednesday, <\/strong><strong>25 September to Thursday,<\/strong><strong> 26 September<\/strong> in Dubai. The event will bring together steel industry professionals and decision makers to discuss market intelligence and the latest technological developments in sustainable steelmaking.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/csew.net\/\" style=\"\" rel=\"noopener\">Cairo Sustainable Energy Week<\/a><\/strong><strong> from Tuesday, 1 October to <\/strong><strong>Thursday, 3 October<\/strong> in Cairo. The event will bring together policymakers, companies, and experts to discuss collaboration on the renewable energy transition across 17 Arab countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wges.ae\/\" style=\"\" rel=\"noopener\">World Green Economy Summit<\/a><\/strong><strong> from Wednesday, 2 October<\/strong> <strong>to Thursday, 3 October <\/strong>in Dubai. The summit will promote the push for a green economy and will offer a platform for international entities to collaborate on sustainable development, financing, and policymaking. <\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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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=\"86434\" 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\" 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class=\"index-number\">2<\/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\/09\/02\/acwa-power-secures-usd-2-6-bn-in-financing-for-three-saudi-solar-projects\/\">\r\n                            Acwa Power secures USD 2.6 bn in financing for three Saudi 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 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href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/acwa-power-secures-usd-2-6-bn-in-financing-for-three-saudi-solar-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1612.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86436\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/acwa-power-secures-usd-2-6-bn-in-financing-for-three-saudi-solar-projects\/1612-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1612.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1612.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1612.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1612.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86435\" class=\"content-area-description single-story post-86435 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-acwa-power tag-debt-watch tag-enterpriseclimate tag-renewables tag-saudi-arabia tag-solar tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.4bbe6d53-75c5-4ffe-b4da-4e8d368b916e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa Power reaches financial close for three PV solar plants: <\/strong>Saudi renewables giant Acwa Power, PIF\u2019s Water and Electricity Holding Company (Badeel), and Aramco subsidiary Aramco Power, signed financing agreements worth SAR 9.7 bn (USD 2.6 bn) to develop three large-scale solar PV projects in the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=82333&amp;anCat=1&amp;cs=2082&amp;locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The funding package will support the development, design, construction, and operation of the projects, with the financing carrying a tenor of 27.3 years. <\/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 SAR 9.7 bn funding package is provided by a syndicate of international and local <\/strong><strong style=\"background-color: transparent;\">banks <\/strong><span style=\"background-color: transparent;\">that include Banque Saudi Fransi, Emirates NBD, First Abu Dhabi Bank, HSBC, Mizuho Bank, Riyad Bank, Saudi National Bank, and Standard Chartered Bank, the disclosure said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plants:<\/strong> Two of the solar PV projects \u2014 Haden and Al Muwaih \u2014 will be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9f2a6b69-33b9-46b4-9fbd-320c76f1cf2e\/saudi-power-procurement-company-signs-ppas-for-5.5-gw-of-solar-power\" style=\"\" rel=\"noopener\">set up in Makkah<\/a> with a capacity of 2 GW each. The third, Al Khushaybi in Qassim, will have a capacity of 1.5 GW. The three plants were tendered at the start of the year with the Energy Ministry planning to tender more projects between now and the year\u2019s close as it looks to meet a 20 GW annual target of tendered capacities for renewables. The ministry hopes to reach 100 to 130 GW of output from renewables power by the end of the decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The projects will be developed by a group of JV companies<\/strong> including Buraiq Renewable Energy, Moya Renewable Energy, and Nabah Renewable Energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who owns what?<\/strong> Acwa Power holds a 35.1% stake in each of the project companies building out the plants. Meanwhile, PIF-owned water and electricity player Badeel holds a 34.9% stake in each of the companies involved, with Saudi Aramco Power holding the rest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offtaker: <\/strong>Saudi Power Procurement Company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9f2a6b69-33b9-46b4-9fbd-320c76f1cf2e\/saudi-power-procurement-company-signs-ppas-for-5.5-gw-of-solar-power\" style=\"\" rel=\"noopener\">signed power purchase agreements<\/a> for 5.5 GW of green electricity generated by the three plants in June of this year. <\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86437\" 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=\"86437\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/infinity-power-masdar-and-hassan-allam-utilities-to-build-1-gw-of-solar-capacity-in-egypt\/\">\r\n                            Infinity Power, Masdar, and Hassan Allam Utilities to build 1 GW of solar capacity in Egypt                        <\/a>\r\n        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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/199.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86438\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/infinity-power-masdar-and-hassan-allam-utilities-to-build-1-gw-of-solar-capacity-in-egypt\/199-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/199.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"199.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/199.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/199.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86437\" class=\"content-area-description single-story post-86437 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-egypt tag-infinity tag-masdar tag-orascom-construction tag-red-sea-wind-energy tag-solar tag-solar-energy tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.a00277bc-5f50-46d8-9a23-00c89715da1c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another big investment in Egypt\u2019s solar industry:<\/strong> Infinity Power, Masdar, and Hassan Allam Utilities will build solar power plants in Upper Egypt with a combined capacity of 1 GW at a cost of USD 900 mn after the Egyptian government greenlit the move, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/green\/52425\/%D9%85%D8%B5%D8%B1-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%B9%D8%B1%D8%B6-%D9%85%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D8%B7%D8%A7%D9%82%D8%A9-%D8%B4%D9%85%D8%B3%D9%8A%D8%A9\/?utm_source=facebook&amp;utm_medium=social&amp;utm_campaign=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B4%D8%B1%D9%82---%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Asharq Business<\/a>, citing an unnamed government official. The projects fall under Egypt\u2019s build-own-operate (BOO) framework.<\/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\u2019s next? <\/strong><span style=\"background-color: transparent;\">The final agreements should be signed in October, the source said, adding that the consortium should have the projects up and running and feeding the national electricity grid before the end of 2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No stranger to the Egyptian market:<\/strong> The three companies are partners in building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9004f1a5-828c-4173-8adf-43dfa2bb3355\" style=\"\" rel=\"noopener\">USD 11 bn, 10 GW wind farm<\/a> in Sohag which is set to be one of the largest wind farms globally and the largest in Africa. Masdar is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fd43b9db-b8f1-42b2-b498-60c4d764a25e\" style=\"\" rel=\"noopener\">also working<\/a> with Infinity and the EETC to build a 200 MW wind farm in Ras Ghareb.<\/p>\n<p class=\"tag-border-left\">IN OTHER RENEWABLE ENERGY UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Egypt increases approved capacity for Gulf of Suez wind project: <\/strong>The Egyptian Cabinet has approved an amendment request from Red Sea Wind Energy (RSWE) \u2014 a JV between Orascom Construction, Japan\u2019s Toyota Tsusho Corporation\/Eurus Energy Holdings, and France\u2019s Engie \u2014 to increase the capacity of its Gulf of Suez wind projects from 500 MW to 650 MW, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02M3Qv6ZJTy8M5GBfgiEMVMints9voEUpyGSMkrFLEQrse7tkbmZtBqqmuFf5rU5mNl\" style=\"\" rel=\"noopener\">statement<\/a>. The ratification comes with an additional investment of USD 127 mn. RSWE was granted a golden license to design, construct, manage, operate, and maintain in the area in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- RSWE reached financial <\/strong><strong>close on the<\/strong><strong> wind farm last year: <\/strong>RSWE reached a financial close for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ee0bd9e5-5a07-419d-a938-0bc5902c5f39\" style=\"\" rel=\"noopener\">500 MW wind farm<\/a> near Egypt\u2019s Ras Ghareb in April 2023. RSWE built Egypt\u2019s first renewable energy IPP project in Ras Ghareb with a capacity of 262.5 MW, completing it in 2019. Established in 2020, RSWE was created for the purpose of constructing multiple wind farms in the area. Its ownership breakdown sees Toyota and Eurus each owning 20%, Engie holding 35% and OC owning the remaining 25% stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Fertiglob<\/strong><strong>e, Orascom Construction, <\/strong><strong>and Scatec will receive usufruct rights in Ain Sokhna <\/strong><strong>Industrial Zone to set up wind and solar power plants<\/strong> that will feed their green hydrogen plant, after cabinet approved their request, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0HByCutNe7tdXA5yHbYTtosDihhMsdNzgUKHHkhek5GUoai5icVqVuXGqTBW9gbrhl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The green hydrogen plant \u2014 being set up by the consortium with the Sovereign Fund of Egypt and the Egyptian Electricity Transmission Company \u2014 will supply Fertiglobe\u2019s green ammonia plants. Fertiglobe secured a EUR 397 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f5abf384-29b6-40d9-bc15-0d60974a882e\" style=\"\" rel=\"noopener\">offtake agreement<\/a> from Germany\u2019s H2Global program to supply green ammonia to the EU from its Egyptian facilities between 2027 and 2033. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/infinity\/\">Infinity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/red-sea-wind-energy\/\">Red Sea Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86439 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=\"86439\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/86439\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86439\" class=\"content-area-description single-story post-86439 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=\"86440\" 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=\"86440\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">WASTE-TO-ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/nahdet-misr-is-lining-up-two-more-waste-to-energy-projects-in-egypt\/\">\r\n                            Nahdet Misr is lining up two more waste-to-energy projects in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/nahdet-misr-is-lining-up-two-more-waste-to-energy-projects-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1620.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86441\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/nahdet-misr-is-lining-up-two-more-waste-to-energy-projects-in-egypt\/1620-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1620.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1620.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1620.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1620.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86440\" class=\"content-area-description single-story post-86440 post type-post status-publish format-standard has-post-thumbnail hentry category-waste-to-energy-2 tag-egypt tag-enterpriseclimate tag-waste-to-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.a4110df6-664f-4d4f-ac72-1cdf9d89550c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Arab Contractors affiliate Nahdet Misr Environmental Services is looking<\/strong><strong> to set up two waste-to-energy (WtE) projects in Alexandria<\/strong>, managing director Mohamed Abdelatif told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%D9%86%D9%87%D8%B6%D8%A9-%D9%84%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%8A%D8%A9-%D8%AA%D8%B7%D9%85%D8%AD-%D9%81%D9%89-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The first project will have initial investments of USD 100 mn and the company wants to set up the projects in partnership with China\u2019s TEDA Holding, according to Abdelatif. <\/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\u2019s next? <\/strong><span style=\"background-color: transparent;\">Nahdet Misr for Environmental Services is in talks with authorities to find the suitable plots for the projects. The company aims to commence work on the first project as soon as possible.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what? <\/strong>TEDA Holding will fund the project, while Nahdet Misr will be responsible for providing the waste.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fresh incentives for WtE projects may also be on the way:<\/strong> The Environment Ministry is considering raising the feed-in tariff rate for WtE plants \u2014 the set price that the government pays for the electricity they generate \u2014 in a bid to make the sector more attractive to investors, Waste Management Regulatory Authority (WRMA) consultant Khaled Elfarra <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cddb654f-695e-48b6-bb71-2f45e6624b83\/waste-to-energy-projects-worth-up-to-usd-1.2-bn-could-be-coming-our-way-soon\" style=\"\" rel=\"noopener\">recently told EnterpriseAM Egypt<\/a>. The proposed price increase would see the feed-in-tariff rate rise to around EGP 2.35\/Kwh \u2014 up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b8e85f3-4abd-445e-8890-22baac2066c3\" style=\"\" rel=\"noopener\">EGP 1.40\/Kwh<\/a>, which hasn\u2019t changed since 2019. The tariff will fluctuate along with exchange rate fluctuations, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nahdet Misr isn\u2019t the only company gearing up to launch WtE projects in Egypt: <\/strong>We heard last month that the government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cddb654f-695e-48b6-bb71-2f45e6624b83\/%253cmark%253ewaste-to-energy%253c%2Fmark%253e-projects-worth-up-to-usd-1.2-bn-could-be-coming-our-way-soon\" style=\"\" rel=\"noopener\">is set to sign<\/a> contracts collectively worth up to USD 1.2 bn with eight local-foreign consortiums to produce a total of 1.7 bn Kw\/h of electricity from municipal solid waste across a number of governorates, according to Elfarra.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the government wants WtE to play an important part in the country\u2019s energy mix: <\/strong>The government has long been planning to boost electricity generation from municipal waste, initially setting a target <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8df415c-5c63-489d-b8bc-a682c59a8ef4\/learning-to-love-wte\" style=\"\" rel=\"noopener\">back in 2020<\/a> of generating 300 MW of electricity from WtE projects by 2025.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-to-energy\/\">WASTE TO ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86442\" 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=\"86442\">\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\">DISTRICT COOLING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-plant\/\">\r\n                            Empower awards contract for second Jumeirah cooling 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\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-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\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-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\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-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=Empower awards contract for second Jumeirah cooling plant&url=https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-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\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-plant\/&title=Empower awards contract for second Jumeirah cooling 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=Empower+awards+contract+for+second+Jumeirah+cooling+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F09%2F02%2Fempower-awards-contract-for-second-jumeirah-cooling-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\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1855.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86443\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/empower-awards-contract-for-second-jumeirah-cooling-plant\/1855-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1855.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1855.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1855.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1855.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86442\" class=\"content-area-description single-story post-86442 post type-post status-publish format-standard has-post-thumbnail hentry category-district-cooling tag-district-cooling tag-empower 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\/9\/.7c9c1efb-637c-4667-a236-8995731a6542.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Emirates Central Cooling Systems (Empower) will develop a second district <\/strong><strong>cooling plant with a capacity of 37k refrigeration tons (RT) in Jumeirah<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2628.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> released on Thursday. The UAE firm awarded a contract for the design of the plant and construction is expected to kick off in 1Q 2025.<\/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 know: <\/strong><span style=\"background-color: transparent;\">The new facility will service residential and commercial areas, hotels, and other facilities within the 802 hectare Jumeirah Village development, the statement notes. Empower\u2019s first 49k refrigeration tons (RT) Jumeirah plant serves 114 buildings. The company <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e91f4d59-2fc2-4119-95e5-8c9563588b8d\" rel=\"noopener\">awarded several contracts<\/a><span style=\"background-color: transparent;\"> for the development of a first district cooling plant in October 2023.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a bigger plan for Jumeirah Village:<\/strong> Empower intends to establish a total of six district cooling plants to produce a total of 256k RT, the statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Empower has been active elsewhere:<\/strong> The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5d588a34-6f4a-448b-aee0-0ed9b4ed3ff6\/empower-breaks-ground-on-deira%e2%80%99s-cooling-plant\" style=\"\" rel=\"noopener\">broke ground<\/a> on its new 39k RT district cooling plant in Dubai\u2019s Deira district last month, setting an operational launch for the first phase at the end of 1H 2025. The company also signed an agreement with Al Habtoor Group to supply Al Habtoor Tower with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2763b67-18f3-41bd-a185-f5b68b8527f3\/ebrd,-eu,-gcf-to-provide-jordan-with-usd-4-mn-in-green-financing\" style=\"\" rel=\"noopener\">7.2k RT of district cooling services<\/a> which will commence in 2Q 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And plans to expand regionally:<\/strong> The company expects to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8d3f49c5-259f-4547-ab03-dc479f86440b\" style=\"\" rel=\"noopener\">grow its capacity<\/a> 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 firm holds an 80% market share in Dubai\u2019s district cooling market.<\/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\/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=\"86444\" 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=\"86444\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/algeria-joins-brics-nbd-tadweeer-has-a-good-1h-2024\/\">\r\n                            Algeria joins Brics NBD + Tadweeer has a good 1H 2024                        <\/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\/09\/02\/algeria-joins-brics-nbd-tadweeer-has-a-good-1h-2024\/\" 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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Egypt, the UAE, Saudi Arabia, and Iran were among the six countries <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4aa97926-3a36-434f-b9ad-0edf85e385a2\/what-does-the-brics-invitation-to-egypt,-uae,-ksa-and-iran-mean-for-the-regional-green-economy%3F\" style=\"\" rel=\"noopener\">invited to join the bloc<\/a> of emerging economies known as the Brics in August 2023. Joining the group allows the countries to access the USD 100 bn pool of foreign currency the group uses to lend each other funds during emergencies, and should increase foreign direct investments and facilitate trade exchange through incentive packages. The packages are expected to bring significant green agreements, especially as the Brics countries recently made strides to ramp up their green sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Brics\u2019 NBD has big green plans: <\/strong><span style=\"background-color: transparent;\">The NBD and Egypt\u2019s Electricity and Renewable Energy Ministry <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7cc6310c-a9fc-45e7-86ee-669e44dea7af\/egypt-%2B-malta-to-enhance-cooperation-in-energy-and-electricity\" rel=\"noopener\">met in January<\/a><span style=\"background-color: transparent;\"> to discuss cooperation on the country's renewable energy sector. The bank also secured a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/167b512c-d351-4939-8768-d6400b422e2c\/today:-morocco-is-getting-a%253cmark%253e-new%253c%2Fmark%253e-wind-turbine-manufacturing-plant\" rel=\"noopener\">USD 2 bn syndicated loan<\/a><span style=\"background-color: transparent;\"> from more than 10 banks to fund infrastructure and renewable energy projects for some of its member countries. In June 2023, the NBD \u2014 along with a group of multilateral development banks \u2014 <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4deeec94-a4c1-4c0a-8010-6530cc475e73\/today:-mohammed-bin-rashid-al-maktoum-solar-park%25e2%2580%2599s-fifth-phase-launches-%2B-uae%25e2%2580%2599s-al-fattan-invests-usd-20-mn-in-green-hydrogen-and-ammonia-plant\" rel=\"noopener\">laid out its plans<\/a><span style=\"background-color: transparent;\"> to align its work and portfolios with the goals of the Paris Agreement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER BRICS NEWS- Brics nations adopt climate and sustainable <\/strong><strong>development framework:<\/strong> Brics countries have signed a comprehensive framework on climate and sustainable development, covering collaboration on key areas such as a just transition, mitigation, adaptation, carbon markets, and finance, <a target=\"_blank\" href=\"https:\/\/www.aninews.in\/news\/world\/europe\/brics-countries-sign-climate-and-sustainable-development-cooperation-framework20240831043054\/\" style=\"\" rel=\"noopener\">ANI<\/a> reported on Saturday, citing a statement from the Russian Economic Development Ministry. The framework also includes an MoU on a Brics carbons market partnership, enabling member nations to share experiences and undertake joint climate projects.<\/p>\n<p class=\"tag-border-left\">EARNINGS WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweeer\u2019s net income increased 8.6% in 1H: <\/strong>Saudi Arabia\u2019s National Environment Recycling company (Tadweeer) recorded net profits of over SAR 11 mn (c. USD 2.9k) in 1H 2024, signaling an 8.6% increase from just over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9718fa85-2c44-4cdf-bf4a-9fd16efd9836\/uae%25e2%2580%2599s-taqa-and-ksa%25e2%2580%2599s-ma%25e2%2580%2599aden-report-drops-in-net-income-in-2q,-while-ksa%25e2%2580%2599s%253cmark%253e-tadweeer%253c%2Fmark%253e-sees-an-increase-of-19.8%2525-in-1h-net-income\" style=\"\" rel=\"noopener\">SAR 10.1 mn<\/a> (c. USD 2.7k) in the same period last year, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=82328&amp;anCat=1&amp;cs=9540&amp;locale=en\" style=\"\" rel=\"noopener\">financial disclosure<\/a>. Revenues also jumped by 53.8% to SAR 396.9 mn (c. USD 105.7k).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers: <\/strong>The company attributes the rise in sales to increased exports to Asia as well as the implementation of new recycling lines. Net profit then increased as a result of added revenue, the statement adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE FINANCING SIDE- <\/strong><strong>Tadweeer<\/strong><strong> inked a SAR 60 mn Shariah-compliant bank facility with Riyad Bank<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=82305&amp;anCat=1&amp;cs=9540&amp;locale=en\" style=\"\" rel=\"noopener\">statement<\/a> released on Tadawul on Thursday. Tadweeer will allocate SAR 40 mn of the loan to finance working capital requirements and the remaining SAR 20 mn will go towards financing capital expenditures. The facility\u2019s financing duration is one year from the date of financing working capital requirements, and five years from the date of the capital expenditures financing. Tadweer has offered up real estate guarantees and a promissory note as a backing for the agreement. <\/p>\n<p class=\"tag-border-left\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Complicity + Kingdom Konsult partner on food waste recycling: <\/strong>Qatar-based sustainability consultancy <a target=\"_blank\" href=\"http:\/\/kingdomkonsult.com\/\" style=\"\" rel=\"noopener\">Kingdom Konsult<\/a> has partnered with Hungary-based food waste solutions company <a target=\"_blank\" href=\"https:\/\/www.compocity.help\/en\" style=\"\" rel=\"noopener\">Compocity<\/a> to bring the CompoBot to Qatar, the GCC, and Greece, according to <a target=\"_blank\" href=\"https:\/\/www.gulf-times.com\/article\/689509\/qatar\/new-recycling-solution-for-carbon-reduction-environmental-sustainability-launched\" style=\"\" rel=\"noopener\">Gulf Times<\/a>. The CompoBot is a robot that can recycles food waste in efforts to minimize the volume that ends up in landfills. 100 CompoBot\u2019s will first be deployed in Qatar by 2025, with plans to expand to around 500 of the devices in the region by 2026, offsetting some 4.8 mn kgs of emissions.<\/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>UAE + RAKPA partner on sustainable energy: <\/strong>UAE\u2019s Ministry of Energy and Infrastructure and the Ras Al Khaimah Petroleum Authority have signed an MoU to enhance collaboration on sustainable energy initiatives including natural hydrogen research and evaluating geothermal energy potential. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b4x2n7a-moei-collaborates-with-rak-petroleum-authority\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>Mercedes launches fully electric lineup in Oman: <\/strong>Mercedes-Benz has officially launched its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bfc1f88f-4a8d-4384-8d8f-eb7c15b6e589\/%253cmark%253emercedes%253c%2Fmark%253e-debuts-eight-different-ev-models-in-egypt\" style=\"\" rel=\"noopener\">electric range of cars<\/a> \u2014 the EQA, EQB, EQE Sedan, EQE SUV, EQS Sedan, EQS SUV, and G 580 with EQ Technology \u2014 in its showrooms in Oman. The carmaker had a similar launch in Egypt in November 2023 at five authorized distributors. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mercedes-benz-oman-launches-all-electric-range-with-cutting-edge-technology-gceqnqbe\" style=\"\" rel=\"noopener\">Press Release<\/a>)<\/li>\n<li><strong>Lebanon joins Saudi-led Middle East Green Initiative:<\/strong> Lebanon has decided to become a member of the Green Middle East Initiative. The Initiative \u2014 launched by Crown Prince Mohammed bin Salman in 2021 \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d5813fa3-e5df-412a-b820-771cd069aad5\/somber-warnings-as-world-leaders%25e2%2580%2599-summit-kicks-off-at-cop27\" style=\"\" rel=\"noopener\">aims to reduce CO2 emissions<\/a> from regional hydrocarbon production by over 60%. Saudi Arabia pledged to contribute USD 2.5 bn to the initiative over 10 years in 2022. (<a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2569445\/middle-east\" style=\"\" rel=\"noopener\">Arab News<\/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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/brics\/\">BRICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/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\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweeer\/\">Tadweeer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86446\" 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=\"86446\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/us-approves-solar-expansion-plans-channels-more-funding-towards-hydrogen-adoption\/\">\r\n                            US approves solar expansion plans + channels more funding towards hydrogen adoption                        <\/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\/09\/02\/us-approves-solar-expansion-plans-channels-more-funding-towards-hydrogen-adoption\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The government approved the plans around six months quicker than the average time to finalize similar projects, as the country hits the gas on decarbonization projects ahead of the upcoming presidential elections. The allocated land has high solar potential with little biodiversity interference. The US also conditionally approved a rule allowing companies in Maricopa County, Arizona \u2014 where investment in chip manufacturing is ramping up \u2014 to purchase carbon credits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Efforts on the hydrogen front are also picking up: <\/strong><span style=\"background-color: transparent;\">The Biden administration will invest USD 62 mn to accelerate the development of the US hydrogen industry, <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-30\/biden-awards-62-million-to-help-speed-hydrogen-adoption\" rel=\"noopener\">Bloomberg<\/a><span style=\"background-color: transparent;\"> reported on Friday. The funding will support 20 projects across 15 states, with USD 40 mn allocated to standardizing hydrogen fueling stations for trucks. Efforts are also underway to reduce the cost of hydrogen gas by 80% to USD 1 per kg by 2030.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE FLIPSIDE- US climate investment in carbon capture might be misguided: <\/strong>Developing countries including the US have spent almost USD 30 bn on \u201cunproven\u201d carbon capture and storage (CCS) and fossil hydrogen tech over the last 40 years, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/aug\/29\/unproven-climate-solutions-spending\" style=\"\" rel=\"noopener\">The Guardian<\/a> reported on Thursday, citing a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2643.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by Oil Change International. The public investments might be hindering the global energy transition, the analysis added. Critics of the technology call for taxpayer money to be directed to more proven methods, with global engagement director for the Fossil Fuel Non-Proliferation Treaty Initiative calling the subsidies a \u201ccolossal waste of money.\u201d<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carbon Clean and Petronas collaborate on advanced carbon capture technology: <\/strong>UK-based carbon capture tech company <a target=\"_blank\" href=\"https:\/\/www.carbonclean.com\/\" style=\"\" rel=\"noopener\">Carbon Clean<\/a> signed an MoU with Malaysian state oil company <a target=\"_blank\" href=\"https:\/\/www.petronas.com\/\" style=\"\" rel=\"noopener\">Petronas<\/a> carbon capture subsidiary Petronas CCS, to jointly evaluate and explore the integration of Carbon Clean\u2019s <a target=\"_blank\" href=\"https:\/\/www.carbonclean.com\/technology\/modular\" style=\"\" rel=\"noopener\">CycloneCC<\/a> technology into Petronas\u2019 operations, according to a <a target=\"_blank\" href=\"https:\/\/www.carbonclean.com\/en\/press-releases\/petronas-mou\" style=\"\" rel=\"noopener\">statement<\/a> released last week. This collaboration aims to address climate change by assessing and developing more efficient carbon capture methods. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the tech: <\/strong>The CycloneCC unit\u2019s compact, modular design can reduce the total installed cost of carbon capture by up to 50% compared to conventional methods, according to the company. The tech is 10 times smaller than conventional carbon capture machinery, and uses <a target=\"_blank\" href=\"https:\/\/www.carbonclean.com\/technology\/modular\" style=\"\" rel=\"noopener\">rotating packed bed (RPB) technology<\/a> to make the process more efficient by utilizing centrifugal force. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Fertiglobe is also utilizing CycloneCC: <\/strong>Abu Dhabi state oil giant Adnoc announced a strategic partnership with MENA fertilizers firm Fertiglobe \u2014 a joint venture between Adnoc and OCI Global \u2014 for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ff730c06-29af-41e8-ba67-7807817b8398\/adnoc-partners-up-with-fertiglobe-for-pilot-deployment-of-world%25e2%2580%2599s-first-cost-effective-modular%253cmark%253e-carbon%253c%2Fmark%253e-capture-unit\" style=\"\" rel=\"noopener\">pilot deployment<\/a> of a 10-ton-per-day CycloneCC industrial unit by Adnoc in October 2023. <\/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>BYD to acquire Hedin: <\/strong>Chinese EV maker BYD is set to purchase German distributor Hedin Electric Mobility which has handled the company\u2019s German imports since 2022. The acquisition \u2014 which allows BYD to sell to dealers without a middleman \u2014 is expected to be finalized in 4Q pending regulatory approval. The financials are yet to be disclosed. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-30\/chinese-ev-maker-byd-to-take-over-its-german-distributor-hedin\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li><strong>Philippines signs loss and damage board act: <\/strong>President of the Philippines Ferdinand R. Marcos Jr. has granted juridical personality and legal capacity to the Loss and Damage Fund Board. This comes after the Board of the Fund for responding to Loss and Damage selected the Philippines as its host country in July. (<a target=\"_blank\" href=\"https:\/\/x.com\/COP28_UAE\/status\/1829488849132667313\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/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=\"86448\" 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\/09\/02\/86448\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86448\" class=\"content-area-description single-story post-86448 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;\">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>24- 25 September (Tuesday - Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.radionationale.tn\/%D9%85%D8%AF%D9%8A%D8%B1-%D8%B9%D8%A7%D9%85-%D9%88%D9%83%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D8%AA%D8%AD%D9%83%D9%85-%D9%81%D9%8A-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%AA%D9%88%D9%86%D8%B3-%D8%B3%D8%AA\/\" style=\"\">Mediterranean Carbon Reduction Forum<\/a><\/span><span style=\"font-weight:400;\">, Tunisia.<\/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>, 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>10-12 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evs-electrify-booking.egyreg.com\/\" style=\"\">EVs Electrify Egypt Summit 2024<\/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>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>16-17 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unescwa.org\/events\/upscaling-investment-small-scale-renewable-energy-rural-areas\" style=\"\">Upscaling Investment on Small-Scale Renewable Energy in Rural Areas Forum<\/a><\/span><span style=\"font-weight:400;\">, Tunis, Tunisia <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">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>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/business\/energy\/saudi-arabia-to-host-4th-future-minerals-forum-in-january-2025-d9hs4zog\" style=\"\">Future Minerals Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 style=\"font-weight:400;\"> 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>Acwa Power secures USD bns in financing for solar projects | More solar and WtE coming Egypt\u2019s way | Empower expands district cooling in Jumeirah | EGA eyes global expansion<\/p>\n","protected":false},"featured_media":86431,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-86430","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"54f97dae-3ce3-4616-ab07-f9fe83b88441","teaser":"Acwa Power secures USD bns in financing for solar projects | More solar and WtE coming Egypt\u2019s way | Empower expands district cooling in Jumeirah | EGA eyes global expansion","photo_url":"https:\/\/ent.news\/2024\/4\/2169.jpeg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Acwa Power secures USD 2.6 bn in financing for three Saudi solar projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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