{"id":87440,"date":"2024-10-21T00:00:00","date_gmt":"2024-10-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=87440"},"modified":"2025-12-15T11:40:18","modified_gmt":"2025-12-15T11:40:18","slug":"pif-is-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/pif-is-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results\/","title":{"rendered":"PIF is throwing EV maker Lucid another lifeline ahead of 3Q results"},"content":{"rendered":"<section id=\"87442\" 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=\"87442\">\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\/10\/21\/today-another-lifeline-for-lucid-abdul-latif-jameel-eyes-fotowatio-sale\/\">\r\n                            TODAY: Another lifeline for Lucid + Abdul Latif Jameel eyes Fotowatio sale.                        <\/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\/10\/21\/today-another-lifeline-for-lucid-abdul-latif-jameel-eyes-fotowatio-sale\/\" 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 get the ball rolling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- No single story is dominating the <\/strong><strong>news, but Indonesia\u2019s nickel ore supply plan to stabilize prices is grabbing some ink. <\/strong>Local smelters have resorted to ore imports from the Philippines due to shortages, and the country aims to balance supply and demand, ensuring steady supply and fair income for both industries and miners. <strong>The story got ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/indonesia-aims-manage-nickel-ore-supply-support-prices-2024-10-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-18\/indonesia-controls-nickel-ore-supply-to-balance-weak-demand\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ALSO GRABBING INK- Germany said it is preparing new measures to boost the domestic wind industry<\/strong>, including improving cybersecurity, increasing independence for critical components, and leveling competition, especially against China. Coverage offered no details about whether these measures would include tariffs, but the government intends to offer volume assurances to wind turbine producers through its state-owned banks, Economy Minister Robert Habeck said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>China was singled out: <\/strong>Germany particularly singled out Chinese manufacturers as threats to the European industry and called on KfW, the EBRD, and the European Investment Bank to look over funds given to Chinese companies that \u201crun counter to national or European industrial policy interests\u201d and \u201care fundamentally suspected of distorting competition.\u201d <strong>The story got ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/germany-outlines-measures-strengthen-domestic-wind-industry-2024-10-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-17\/germany-takes-protective-measures-against-chinese-wind-industry\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">COP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>EU ministers have agreed to support nuclear energy as part of their mandate for <\/strong><strong>the upcoming COP 29, <\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9bcc122b-b8b2-4fa1-b7a7-6093aaacfacf\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reported last week. The decision marks a significant shift in attitudes towards nuclear power in Europe and comes as the block aims to accelerate low-emissions technologies, including nuclear power. Countries including Germany, Austria, and Denmark have expressed concerns that focusing on nuclear energy might divert funds from more cost-effective renewable energy sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The finances are still murky:<\/strong> EU ministers are negotiating a new target for climate finance, with developing countries calling for up to USD 1.3 tn, the FT adds. The EU \u2014 the largest contributor \u2014 is cautious about committing more public funds without mechanisms to increase private investment. They also called for donations from countries they deem as financially able to contribute despite UN classification as \u201cdeveloping\u201d nations, such as China, Singapore, and Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ALSO- The loss and damage fund could help climate refugees:<\/strong> Campaigners will push to secure funding from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dfab6bf2-37a8-48bf-8d94-2ff9d48b9e02\" style=\"\" rel=\"noopener\">the Loss and Damage Fund<\/a> to address the climate-linked refugee crisis at COP29 next month, United Nations High Commissioner for Refugees Andrew Harper told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/climate\/2024\/10\/17\/much-talk-but-little-action-on-climate-refugee-crisis-says-unhcr-official\/\" style=\"\" rel=\"noopener\">The National<\/a> last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Action is needed:<\/strong> The pledged amounts for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\" style=\"\" rel=\"noopener\">the fund<\/a> have fallen short of expectations at Cop28 despite the commitments made at high-level meetings. Campaigners highlight the need for urgent action with mns displaced due to extreme weather and other factors and developing countries being forced to divert funds from essential services like healthcare to cope with the crises.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>There\u2019s been concern over the Fund\u2019s process: <\/strong>The World Bank's board <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fef72cac-2efd-4123-8eca-c874dff5d8b2\" style=\"\" rel=\"noopener\">approved a plan<\/a> to serve as the interim host for the Loss and Damage Fund aimed at supporting developing countries affected by climate change in June, but some countries worry about donor influence and possible over-reliance on loans and debt in its approach.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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><\/strong><strong><a id=\"wwtt1\"><\/a><\/strong><strong>#1- EGP 10 bn worth of green bonds and sukuk by the end of the fiscal year? <\/strong>Egypt\u2019s government is looking to issue new sukuk and green bonds worth between EGP 5-10 bn in 3Q-4Q of FY 2024-2025, as part of the government's plans to diversify financing sources to attract investors and savers into the local debt market, Finance Minister Ahmed Kouchouk told Asharq Business (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=4214840335404138\" style=\"\" rel=\"noopener\">watch, runtime: 1:37<\/a>) on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve heard about the government\u2019s plan to diversify its debt instruments<\/strong><strong>: <\/strong>Kouchouk <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b8b119b0-efe7-44e2-9350-ff302a1fe37a\" style=\"\" rel=\"noopener\">announced in his first presser<\/a> as finance minister that the state plans to turn to the local debt market through treasury bonds, green bonds, and sukuk. A government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2231fb64-06b2-46fd-806a-eb46bbaead17\/egypt-is-looking-to-tap-usd-3-bn-worth-of-external-debt-by-june,-kouchouk-reportedly-tells-foreign-investors\" style=\"\" rel=\"noopener\">explained to EnterpriseAM last month<\/a> that the key to reducing the cost of public debt is diversifying debt instruments and lowering interest rates by introducing innovative debt tools that attract more investors to the local market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a id=\"wwtt3\"><\/a><\/strong><strong>IN OTHER EGYPT NEWS- <\/strong><strong>Egypt has revised down its 2040 renewable energy target from 58% to 40%<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/egypt-cuts-2040-renewable-energy-target-40-keeps-focus-natural-gas-2024-10-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Petroleum Minister Karim Badawi\u2019s <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid02XKwrG96nVvRiu3Qe2k1CfzpaReyvZ86KHPeaaJvNqQSjoSurR5G65JpBx1nhd19hl\" style=\"\" rel=\"noopener\">speech<\/a> at the opening session of the Mediterranean Energy Conference 2024. The target has been tweaked numerous times. It first announced a 42% renewables share by 2035, then moved the timeline up to 2030. The target was then tweaked again last June, aiming for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4678b944-fc3c-4ae9-82b0-98d0ee09c708\/the-egypt-eu-investment-summit-brings-in-a-pile-of-green-hydrogen-agreements\" style=\"\" rel=\"noopener\">58% renewables share<\/a> by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The country is setting its sights on natural gas instead: <\/strong>Egypt is aiming to ramp up investment for exploration projects, \u201cparticularly for natural gas,\u201d Badawi added. The move comes as the government moves to assure international oil and gas investors whose operations were impacted by Egypt\u2019s foreign currency shortage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Gov\u2019t postpones sale of Zafarana wind farm:<\/strong> Egypt\u2019s government has chosen to postpone the offering of stakes in the 545 MW Zafarana wind farm to foreign investors, Electricity Minister Mahmoud Esmat reportedly told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/57326\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B1%D8%AC%D8%A6-%D8%B7%D8%B1%D8%AD-%D9%85%D8%AD%D8%B7%D8%AA%D9%8A-%D8%A7%D9%84%D8%B2%D8%B9%D9%81%D8%B1%D8%A7%D9%86%D8%A9-%D9%88%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A8%D9%86%D9%8A-%D8%B3%D9%88%D9%8A%D9%81\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> on Saturday. The government has also inked an agreement with investors to establish hybrid wind and solar power stations at the Zafarana wind farm, Esmat said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The Zafarana wind farm had been reported to be the subject of ongoing negotiations <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/922e64aa-10b3-48f3-af01-8f2d2d124fc0\" style=\"\" rel=\"noopener\">earlier this month<\/a> after having been added to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\" rel=\"noopener\">privatization shortlist<\/a> in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a id=\"wwtt3\"><\/a><\/strong><strong>#2-<\/strong> <strong>French private equity firm Ardian eyes hydrogen partnerships with Masdar + PIF: <\/strong><a target=\"_blank\" href=\"https:\/\/www.ardian.com\/\" style=\"\" rel=\"noopener\">Ardian<\/a> is exploring teaming up with Abu Dhabi\u2019s Masdar and Saudia\u2019s Public Investment Fund (PIF) for joint investments in green hydrogen, Ardian's senior managing director, Francois-Aissa Touazi told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2024\/10\/17\/ardian-considering-co-investment-in-green-hydrogen-with-masdar-and-pif\/\" style=\"\" rel=\"noopener\">The National<\/a> last week. Ardian, which manages USD 169 bn in assets, plans to announce its first joint investment with Masdar next year through its USD 2.2 bn clean energy fund. PIF and Adrian are set to discuss joint investment options in the coming weeks, Touazi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The firm is putting together a dedicated hydrogen investment team in Abu Dhabi <\/strong>and has plans to launch a hydrogen tech fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>PIF has its own big hydrogen plans:<\/strong> The fund reportedly plans to invest at least <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f0d16282-7ace-4ccf-a4d2-c16f9b97350f\" style=\"\" rel=\"noopener\">USD 10 bn<\/a> in green hydrogen production via a newly formed company named Energy Solutions. News of the firm\u2019s launch is expected as early as this month. Saudi Aramco is said to be a co-investor in the new company, although the size of its contributions is unknown.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>#3- European power purchase agreements (PPAs) for green electricity saw a 12.4% <\/strong><strong>y-o-y price drop in 3Q 2024, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/european-renewable-power-prices-fell-q3-ppa-platform-says-2024-10-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing quarterly report data by price tracking platform LevelTen. The decrease is attributed to a decline in inflation and reduced market volatility. The most competitive PPA prices for newly built capacity across 22 European countries dropped to 76.17 euros per MWh from 86.94 euros a year earlier, the report said. Yet, the index covering the whole continent recorded a 1.3% rise due to outlier hikes in Ireland, Hungary, and Italy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>PPAs Market is ripe for buyers: <\/strong>The variety of PPA options \u2014 long-term energy supply agreements between corporate consumers and solar and wind project developers \u2014 is at an all-time high, making market conditions for buyers more welcoming. Solar capacity installations are increasing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0a1d2711-6075-4425-95a4-d88240b776b3\" style=\"\" rel=\"noopener\">due to low costs<\/a>, and an oversupply-induced price drop is expected by 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Regional companies have a stake in the PPAs: <\/strong>Masdar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/102b9bd5-15cc-47fa-a558-215dbc97601d\" style=\"\" rel=\"noopener\">Baltic Eagle wind farm<\/a> production off the coast of Germany has already been 100% sold via long-term offtake agreements. Masdar also acquired <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8baff20d-d765-4c8a-9855-611ccdb67ceb\" style=\"\" rel=\"noopener\">48 operational solar plants with an aggregated capacity of 2 GW<\/a> from Spanish power firm Endesa in a partnership that included PPA agreements, allowing Endesa to acquire 100% of the energy generated by its sold PV for 15 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>#4- EU carbon prices are expected to jump by 2027:<\/strong> Analysts predict nearly a 78% rise in EU carbon permit prices by 2027 due to policy measures that will reduce supply, a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/analysts-expect-eu-carbon-prices-soar-by-2027-2024-10-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> survey showed on Friday. The EU\u2019s Emissions Trading System (ETS) \u2014 which requires manufacturers, power companies, and airlines to pay for their carbon emissions \u2014 is expected to see prices soar to an average of EUR 111.14 per ton, up from the current EUR 62.5. For the near term, carbon prices are expected to align closely with EU natural gas prices, though this linkage may weaken as the industrial sector takes over the energy sector as the primary driver of emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>This comes as no surprise:<\/strong> Analysts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0f979bdb-c101-4b06-9784-95ed6604c695\" style=\"\" rel=\"noopener\">raised their price forecasts<\/a> for European Union carbon permits for 2024 to 2026 last July. <a target=\"_blank\" href=\"https:\/\/climate.ec.europa.eu\/eu-action\/eu-emissions-trading-system-eu-ets\/emissions-cap-and-allowances_en\" style=\"\" rel=\"noopener\">EU Allowances<\/a> (EUAs) were expected to average EUR 76.75 in 2025 and EUR 93.46 in 2026, reflecting a 3.7% and 1.1% increase, respectively, compared to April forecasts. October\u2019s projections for 2025 and 2026 leave these prices almost unchanged. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>#5- European carmakers make moves on China-dominated affordable EVs market:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">European carmakers, including Citroen, Peugeot, and Renault, launched affordable EV models at the Paris Motor Show in a move to regain market share lost to Chinese brands, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/10\/17\/auto-giants-launch-cheaper-evs-in-paris-taking-the-fight-to-china.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported on Thursday. With prices starting below EUR 20k, these low-cost models aim to revive EV demand, which has slumped due to the high prices of the available premium models and limited infrastructure. The affordable EVs are expected to drive up sales, potentially increasing EVs share of the car market in Europe from 14% to 24% by next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Water scarcity could reduce global GDP by 2050, shrinking high-income <\/strong><strong>countries\u2019 economies by 8% and up to 15% in poorer nations<\/strong>, according to a new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/1460.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Global Commission on the Economics of Water (GCEW). Nearly three bn people and over half of the world\u2019s food production are in regions facing increasing water shortages, including southern Europe, northeastern China, and northwestern India. Government subsidies encouraging water overuse, particularly in agriculture, exacerbate the crisis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>More efficient water management is needed:<\/strong> Urgent reforms in water pricing and policies are necessary to prevent further economic and environmental damage. With water mismanagement driven by subsidies for water-intensive crops like cotton and sugarcane in areas including South Asia and the Middle East, the report recommends redirecting these funds toward water-saving solutions. <\/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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;line-height:1.1500000000000001;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/fii-institute.org\/press\/unveiling-the-8th-future-investment-initiatives-theme-infinite-horizons-investing-todayshaping-tomorrow\/\" style=\"\" rel=\"noopener\">Future Investment Initiative Conference<\/a><\/strong><strong> from Tuesday, 29 <\/strong><strong>October to Thursday, 31 October,<\/strong> in Riyadh. The conference will gather entrepreneurs, political leaders, and decision-makers to explore investment options in AI, sustainability, energy, and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\" rel=\"noopener\">World Urban Forum<\/a><\/strong><strong> from Monday, 4 November to Friday, 8 November<\/strong>, in Cairo. The forum, established by the UN and one of its largest non-legislative events, will center around the effect of rapid urbanization on communities, economies, climate change, and policies and will bring together government representatives, academics, business people, urban planners, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>South Africa will host the <\/strong><strong><a target=\"_blank\" 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=\"\" rel=\"noopener\">Critical Mineral Africa Summit<\/a><\/strong><strong> from Wednesday, 6 November to <\/strong><strong>Thursday, 7 November,<\/strong> in Cape Town. The summit aims to attract critical minerals investment to the continent and will be held alongside African Energy Week. The summit will be held in partnership with the Southern African-German Chamber of Commerce Partners representing Germany\u2019s increasing investments in southern Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Azerbaijan will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/unfccc.int\/cop29\" style=\"\" rel=\"noopener\">United Nations Climate Change Conference or Conference of the<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/unfccc.int\/cop29\" style=\"\" rel=\"noopener\">Parties (COP29)<\/a><\/strong><strong> from Monday, 11 November to Friday, 22 November, <\/strong>in Baku. The annual conference brings together governments, world leaders, and other stakeholders to advance the Paris Agreement and negotiate ways to fight climate change. The United Nations Framework Convention on Climate Change\u2019s objective is to \u201cstabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system\u201d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/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\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87444\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" 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href=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/pif-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results\/\">\r\n                            PIF throwing EV maker Lucid another lifeline ahead of 3Q results                        <\/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\/10\/21\/pif-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n              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href=\"https:\/\/api.whatsapp.com\/send?text=PIF+throwing+EV+maker+Lucid+another+lifeline+ahead+of+3Q+results+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F10%2F21%2Fpif-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results%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\/10\/21\/pif-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1631.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87446\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/pif-throwing-ev-maker-lucid-another-lifeline-ahead-of-3q-results\/1631-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1631.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1631.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1631.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1631.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87445\" class=\"content-area-description single-story post-87445 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseclimate tag-investment-watch tag-lucid-motors tag-pif tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.328c2ea6-d7bc-40f8-a38e-85797635a6ca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Public Investment Fund\u2019s (PIF) Ayar Third Investment is purchasing<\/strong><strong> 374.7 mn shares in US luxury EV maker Lucid Group in a private placement<\/strong>, Lucid said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/1546.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a> on Thursday. The private placement \u2014 part of a follow-on public offering from Lucid \u2014 will see Ayar Third Investment keep its ownership steady at around 58.8%. <\/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 offering:<\/strong><span style=\"background-color: transparent;\"> Lucid Group priced an underwritten follow-on public offering of 262.4 mn shares of its common stock, it said in the statement. The shares will be offered on Nasdaq, over-the-counter markets, or through negotiated sales \u2014 at market prices, fixed prices, or otherwise. The offering was expected to close on 18 October, pending standard closing conditions. <\/span><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/lucid-expects-wider-than-estimated-q3-loss-sluggish-ev-demand-2024-10-16\/\" rel=\"noopener\">Reuters<\/a><span style=\"background-color: transparent;\"> had coverage.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The private placement is set to close by Thursday, 31 October<\/strong>, dependent on the public offering. If the underwriter exercises its option to buy up to 39.4 mn additional shares, Ayar will snap up more shares to maintain its stake, with a secondary closing to follow 10 business days after the option is triggered.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sale comes as Lucid scrambles to shore up its finances and address<\/strong> <strong>steeper-than-expected losses<\/strong>, with its full 3Q earnings report due on 7 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proceeds from the offering, along with Ayar\u2019s private placement \u2014 which are expected to<\/strong> <strong>come at a combined USD 1.67 bn \u2014 will go toward capital expenditures<\/strong>, working capital, and other general corporate purposes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Third time\u2019s a charm? <\/strong>The fund invested USD 1.5 bn in Lucid back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7693b0fb-93ba-4e5c-8bb3-a39ec76c6d36\" style=\"\" rel=\"noopener\">in August<\/a> to keep the EV maker\u2019s capex and working capital afloat. The lifeline was split between USD 750 mn in convertible stock via private placement and a USD 750 mn unsecured delayed draw term loan facility. This marked Ayar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/672238e9-7504-4bce-81e5-75444ffe6fdb\/\" style=\"\" rel=\"noopener\">second investment<\/a> in Lucid this year, following a USD 1 bn purchase of convertible preferred shares last March \u2014 both aimed at keeping the company in gear.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> BofA Securities is leading the public offering as the sole underwriter.<\/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\/capital-markets\/\">CAPITAL MARKETS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/lucid-motors\/\">Lucid Motors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87447\" 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=\"87447\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/\">\r\n                            Abdul Latif Jameel Energy revives exit plans for its Spain-based solar developer Fotowatio                        <\/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\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/\" 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\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/')\">\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\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/\">\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=Abdul Latif Jameel Energy revives exit plans for its solar maker Fotowatio&url=https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/\">\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\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/&title=Abdul Latif Jameel Energy revives exit plans for its solar maker Fotowatio\">\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=Abdul+Latif+Jameel+Energy+revives+exit+plans+for+its+solar+maker+Fotowatio+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F10%2F21%2Fabdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio%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\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1584.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87448\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/abdul-latif-jameel-energy-revives-exit-plans-for-its-solar-maker-fotowatio\/1584-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1584.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1584.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1584.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1584.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87447\" class=\"content-area-description single-story post-87447 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abdul-latif-jameel tag-enterpriseclimate tag-ma-watch tag-saudi-arabia 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\/10\/.d4e3bb5b-0929-4d58-8d5e-05810479f0b1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abdul Latif Jameel eyes FRV sale again:<\/strong> Saudi energy giant <a target=\"_blank\" href=\"https:\/\/alj.com\/en\/energy-and-environmental-services\/energy-overview\/\" style=\"\" rel=\"noopener\">Abdul Latif Jameel Energy<\/a> has reportedly tapped JP Morgan to kick off the potential sale of its wholly-owned Spain-based solar developer <a target=\"_blank\" href=\"https:\/\/frv.com\/en\/\" style=\"\" rel=\"noopener\">Fotowatio Renewable Ventures<\/a> (FRV), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-18\/saudi-group-said-to-revive-2-billion-sale-of-spain-s-fotowatio\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. The divestment \u2014 which is set to kick off by year-end \u2014 could value the company at up to USD 2.2 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Take 2:<\/strong> The company took over <a target=\"_blank\" href=\"https:\/\/www.meed.com\/abdul-latif-jameel-acquires-solar-company\/\" style=\"\" rel=\"noopener\">FRV in 2015<\/a> and first tried to offload it in 2019, attracting interest from heavyweights including China Three Gorges and Shanghai Electric Power. But the sale hit a roadblock when covid-19 swept in, stalling the agreement, according to an earlier report by the business information service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Who\u2019s buying? <\/strong><span style=\"background-color: transparent;\">Large infrastructure funds and international investors are likely to be in the mix of potential suitors, one insider said, as the sale would be \u201cone of the largest in Spain\u2019s fast-growing renewables industry.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>About FRV: <\/strong>Founded in 2006, FRV boasts a 3.5 GW network of solar photovoltaic projects across nine markets, including Jordan, with an additional 24 GW currently under development, according to its <a target=\"_blank\" href=\"https:\/\/frv.com\/en\/about-us\/\" style=\"\" rel=\"noopener\">website<\/a>. It quickly became the first developer of large-scale solar energy projects in Spain.<\/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\/abdul-latif-jameel\/\">Abdul Latif Jameel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"87449 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=\"87449\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/87449\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87449\" class=\"content-area-description single-story post-87449 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=\"87450\" 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=\"87450\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/spains-acciona-secures-a-green-loan-to-support-gcc-decarbonization-projects\/\">\r\n                            Spain\u2019s Acciona secures a green loan to support GCC decarbonization 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\/10\/21\/spains-acciona-secures-a-green-loan-to-support-gcc-decarbonization-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1740.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87451\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/spains-acciona-secures-a-green-loan-to-support-gcc-decarbonization-projects\/1740-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1740.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1740.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1740.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1740.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87450\" class=\"content-area-description single-story post-87450 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-decarbonization tag-enterpriseclimate tag-gcc tag-green-finance tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.0a8a0312-bc7d-4a57-b8c6-60f7290c7d52.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"> <strong>Spanish renewables and infrastructure company <\/strong><strong>Acciona <\/strong><strong>has secured EUR 300 mn in funding to support decarbonization and sustainable growth in the GCC<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.acciona.com\/updates\/news\/acciona-secures-300-million-euro-sustainable-financing-projects-gulf-cooperation-council\/\" style=\"\" rel=\"noopener\">statement<\/a> published last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Where is the money going?<\/strong><span style=\"background-color: transparent;\"> The green loan \u2014 linked to a local initiative supporting local suppliers in developing lower or zero-carbon building materials \u2014 will be allocated to climate change mitigation and environmental conservation projects, including renewable energy, energy efficiency programs, sustainable mobility, and sustainable water management.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Acciona has other regional projects:<\/strong> Acciona is building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/58271cfd-0552-49c3-9081-8dd3a071aca5\" style=\"\" rel=\"noopener\">75 MW wind farm<\/a> with Swicorp in Tunisia. It\u2019s also building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/91a740d5-69e3-4c0a-a517-3afd6936555a\" style=\"\" rel=\"noopener\">61 MW solar photovoltaic project<\/a> next to the Jubail 3B desalination plant in Saudi Arabia that will help cut down the plant\u2019s power consumption. The company was also among the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\" style=\"\" rel=\"noopener\">prequalified bidders<\/a> to develop the 400 MW third phase of the 1.6 GW Noor Midelt solar complex in the Atlas Mountains in Morocco last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>The green loan coordinators were First Abu Dhabi Bank and Standard Chartered, with SFI Markets as the arranger and Dentons as legal counsel.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87452\" 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=\"87452\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/ev-ammonia-and-sustainability-updates-from-the-uae-and-oman\/\">\r\n                            EV, ammonia and sustainability updates from the UAE and Oman                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta 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\/10\/21\/ev-ammonia-and-sustainability-updates-from-the-uae-and-oman\/\" 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 two companies will be the first non-DEWA companies to provide EV charging services. The move is part of DEWA's new Regulatory and Licensing Framework for EV charging infrastructure, promoting public-private collaboration in sustainable mobility infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">ET to test commercial hydrogen and electric vehicles: <\/strong><span style=\"background-color: transparent;\">UAE's Emirates Transport (ET) signed an MoU with Dubai-based Al Ghurair Motors GITEX Global 2024 to pilot test hydrogen and electric commercial vehicles, according to a <\/span><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-transport-signs-mou-with-al-ghurair-motors-at-gitex-global-toud24m1\" rel=\"noopener\">statement<\/a><span style=\"background-color: transparent;\"> published last week. The agreement will see them explore the feasibility of these vehicles and conduct pilot projects to test. The partnership includes comprehensive technical training for Emirates Transport staff and the development of necessary infrastructure, such as EV charging and hydrogen fueling stations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Boosting UAE\u2019s green transportation:<\/strong> Emirates Transport and Al Ghandi Auto <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d594fbb8-809f-499f-ac22-39b72aa8b1e9\" style=\"\" rel=\"noopener\">partnered<\/a> last week to install a solar-powered, off-grid EV charging station at Emirates Transport's head office in Dubai. Al Ghurair Motors partnered with Slovenian manufacturer TAM-Europe <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ffa37be2-f160-4477-a89e-b878d6566ae8\" style=\"\" rel=\"noopener\">to exclusively provide TAM-Europe's EVs<\/a> to the UAE market last May. <\/p>\n<p class=\"tag-border-left\"> AMMONIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Al Seer Marine snags USD 80 mn in funding for its two new ammonia-ready <\/strong><strong>tankers: <\/strong>UAE\u2019s IHC maritime subsidiary Al Seer Marine secured USD 80 mn in financing from China's Bocom Financial Leasing for its new medium-range tankers, Betelgeuse and Bellatrix, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/1349.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> from Wednesday. The two tankers are designed for alternative fuels, including ammonia, liquefied natural gas, and methanol. It\u2019s the first time Al Seer has lined up funding from outside the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Part of an expansion plan:<\/strong> The company acquired the Betelgeuse and Bellatrix tankers in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f49c3e96-5745-49c4-9f0d-281853d46f77\/updates-in-maritime-shipping,-digitalization,-equipment,-and-aviation-from-the-uae-and-morocco\" style=\"\" rel=\"noopener\">September<\/a>, the first two of six, from K Shipbuilding Korea.<\/p>\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>DEMCC + Moro Hub to promote sustainable practices: <\/strong>The Dubai Environment and Climate Change Authority has signed an MoU with Digital DEWA subsidiary Moro Hub to enhance sustainable practices across the company\u2019s various departments, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/33l4gk7f-%D9%87%D9%8A%D8%A6%D8%A9-%D8%AF%D8%A8%D9%8A-%D9%84%D9%84%D8%A8%D9%8A%D8%A6%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D8%BA%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%AE%D9%8A-%D8%AA%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D9%88%D8%B1%D9%88-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The agreement is to focus on best practices to preserve biodiversity and expand natural reserves and green spaces in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Moro Hub is big on sustainability: <\/strong>The hub partnered with US-based computer tech company NVIDIA to establish a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ec422a63-1542-409f-b097-fbacaea3a3f6\" style=\"\" rel=\"noopener\">green AI data center<\/a> in the UAE in February. The UAE\u2019s 16 sqkm, 100 MW solar-powered data center was dubbed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3c45cda1-a378-42cd-8eed-649796b780bf\" style=\"\" rel=\"noopener\">the world\u2019s largest data hub<\/a> in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Middle East to plant 50 bn trees:<\/strong> The Middle East Green Initiative (MGI) \u2014 an 11-country, Saudi-led effort to reduce carbon dioxide emissions in the region by 670mn tons \u2014 has pledged to plant 50 bn trees across the region in an effort to meet 5% of global afforestation goals. (<a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2024\/10\/16\/me-pledges-to-plant-50bn-trees-to-combat-climate-change\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a>) <\/li>\n<li><strong>Oman + Poland explore producing hydrogen from wastewater:<\/strong> The German University of Technology in Oman (GUtech) has partnered with Poland\u2019s Research and Innovation Centre Pro-Akademia (RIC \u2013 Pro-Akademia) to conduct feasibility studies on WASTE4H2 \u2013 a project researching cost-effective simultaneous industrial wastewater treatment and hydrogen generation. The project will treat oil-contaminated water from Oman's oil and gas industry using plasma-based electrolysis powered by solar energy. (<a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1160732\/business\/energy\/omani-polish-study-explores-hydrogen-generation-from-wastewater\" style=\"\" rel=\"noopener\">Oman Daily Observer<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-ammonia\/\">GREEN AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/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\/sustainability\/\">sustainability<\/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=\"87454\" 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=\"87454\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/10\/21\/a-lot-of-wind-energy-news-from-bp-and-france\/\">\r\n                            A lot of wind energy news from BP and France                        <\/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\/10\/21\/a-lot-of-wind-energy-news-from-bp-and-france\/\" 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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BP does not have any offshore wind projects in operation, but has a 9.6 GW pipeline in Asia, Europe, and the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The company is scaling back its renewables investments: <\/strong>The company plans to sell a stake in its solar joint venture Lightsource BP once it completes its acquisition. The news comes not too long after BP said it was planning to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6a106796-cd7e-4f25-a091-bb43afc1bfa7\/vivopower-international-signs-usd-1.13-bn-merger-with-canada%25e2%2580%2599s-fast\" style=\"\" rel=\"noopener\">sell its US onshore wind energy business<\/a> BP Wind Energy and shift focus to developing utility-scale onshore renewable energy and solar power globally through Lightsource BP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- BP\u2019s new CEO <\/strong><strong style=\"background-color: transparent;\"><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6efbc0be-16ad-45d7-b046-fd73c9682714\/today:-fertiglobe-secures-eur-397-mn-offtake-agreement-from-germany%25e2%2580%2599s-h2global\" rel=\"noopener\">expressed his intention<\/a><\/strong><strong style=\"background-color: transparent;\"> to slow down large low-carbon investments that are \u201cnot expected to be profitable for years.\u201d <\/strong><span style=\"background-color: transparent;\">BP also dropped its ambitious goal to slash oil output by 40% before 2030 as a result of <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7dfe6397-0595-41aa-b7d1-a13222b2fc4f\/today:-big-green-hydrogen-investments-from-pif%3F-%2B-uae-%2B-norway-ink-energy-agreements\" rel=\"noopener\">Investors\u2019 skepticism<\/a><span style=\"background-color: transparent;\"> about the profitability of the company under its ambitious transition strategy.<\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>France plans 9.2 GW of offshore wind: <\/strong>France\u2019s energy ministry is planning to launch tenders within the coming months for five wind farms with 9.2 GW capacity, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/france-tender-92-gw-offshore-wind-projects-coming-months-2024-10-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing a ministry decision. The government hopes the tenders will send a \u201csignal\u201d for manufacturers to stay in France and not \u201cde-localize.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The plants \u2014 two fixed and three floating \u2014 are part of a goal to achieve 45 GW of wind power by 2050 and will be built of- the coast of Fecamp, offshore from Brittany, and by the southern Mediterranean coast. <\/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\/around-the-world\/\">AROUND THE WORLD<\/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=\"87456\" 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\/10\/21\/87456\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87456\" class=\"content-area-description single-story post-87456 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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>25-27 October (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alsidreff.org\/\" style=\"\">Al Sidr Environmental Film Festival<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;line-height:1.1500000000000001;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>29-31 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fii-institute.org\/press\/unveiling-the-8th-future-investment-initiatives-theme-infinite-horizons-investing-todayshaping-tomorrow\/\" style=\"\">Future Investment Initiative Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>4-7 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/press-media\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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 Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>3-5 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wesc-conference.qu.edu.qa\/\" style=\"\">World Energy storage Conference<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>4-6 December (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icspies.org\/\" style=\"\">International Conference on Smart Power & Internet Energy Systems<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>10-12 December (Tuesday to Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mangroveconference.com\/en\/about\/conference\/\" style=\"\">International Mangrove Conservation and Restoration Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>16-18 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/\" style=\"\">Saudi Arabia Smart Grid Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>22-24 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rsegp-conference.com\/\" style=\"\">Renewable & Sustainable Energies And Green Processes Conference<\/a><\/span><span style=\"font-weight:400;\">, Sousse, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>15-16 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" 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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>18-19 January (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/libyasummit.com\/\" style=\"\">Libya Energy & Economic Summit<\/a><\/span><span style=\"font-weight:400;\">, Tripoli, Libya. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-19 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/\" style=\"\">Egypt Energy Show<\/a><\/span><span>, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-20 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17936683-tunis-to-host\" style=\"\">Mediterranean Water, Irrigation and Photovoltaic Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Another lifeline for Lucid | Abdul Latif Jameel eyes Fotowatio sale | Acciona snaps up a green loan to support GCC projects<\/p>\n","protected":false},"featured_media":87441,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-87440","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"160ff898-3c98-4242-bbbe-bcd8a0bcac83","teaser":"Another lifeline for Lucid | Abdul Latif Jameel eyes Fotowatio sale | Acciona snaps up a green loan to support GCC projects","photo_url":"https:\/\/ent.news\/2024\/2\/1164.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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