{"id":88330,"date":"2024-12-02T00:00:00","date_gmt":"2024-12-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=88330"},"modified":"2025-12-15T11:54:33","modified_gmt":"2025-12-15T11:54:33","slug":"masdar-acquires-greeces-major-renewables-player-terna-energy","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-acquires-greeces-major-renewables-player-terna-energy\/","title":{"rendered":"Masdar acquires Greece\u2019s major renewables player Terna Energy"},"content":{"rendered":"<section id=\"88332\" 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=\"88332\">\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\/12\/02\/today-masdar-snaps-up-70-of-greeces-terna-rivian-closes-in-on-6-6-bn-federal-loan-to-build-ev-plant\/\">\r\n                            TODAY: Masdar snaps up 70% of Greece\u2019s Terna + Rivian closes in on 6.6 bn federal loan to build EV plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/today-masdar-snaps-up-70-of-greeces-terna-rivian-closes-in-on-6-6-bn-federal-loan-to-build-ev-plant\/129-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/129.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"129.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/129.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/129.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88332\" class=\"content-area-description single-story post-88332 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-algeria tag-amea-power tag-carbon-markets tag-carbon-offsetting tag-carbon-storage tag-egypt tag-enterpriseclimate tag-european-union tag-green-hydrogen tag-uae tag-what-were-tracking-today tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.22d07967-3f97-4812-9e9e-64b9ea266273.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>We have a bumper issue this morning with news piling in from every corner of the region across a range of subsectors, but first, a fizzle and pop happened at the UN plastic waste treaty talks\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE <\/strong><strong>BIG CLIMATE STORY OUTSIDE THE REGION- Plastic waste treaty talks end with no <\/strong><strong>agreement: <\/strong>Negotiators failed to reach an agreement yesterday on how to curb plastic pollution after week-long negotiations \u2014 in what was slated to be the last round of talks \u2014 ended. A coalition of 102 nations \u2014 led by the Pacific Small Island Developing States, Panama, the European Union, and 38 African countries \u2014 are pushing for legally binding plastic production caps, while oil-producing nations, including Russia and Saudi Arabia, prefer to focus on the end-side of the plastics lifecycle by tackling waste management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What went down:<\/strong> Disagreements on the approach lingered until the last minute when the meeting's chair Luis Vayas Valdivieso presented a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/70.pdf\" style=\"\" rel=\"noopener\">revised document (pdf)<\/a> on Sunday that highlighted the wide divide on key issues such as production caps, managing plastic products, and financing for developing countries. The latest draft includes various options for key sections, including targeted bans on a few materials, a compromise to set production targets at a future conference or to drop the idea altogether. A reconciled text was not reached, with the anti-production-caps bloc holding ground on the argument that caps fell outside the mandate of the treaty. The Saudi delegation argued that capping production \u201cpenalizes industries without addressing the actual issue of plastic pollution.\u201d Both the US and China were absent from the stage on the last day leaving their stance unknown. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What now? <\/strong>The delegates agreed to meet again next year at an unspecified time for another round of talks and negotiations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/over-100-countries-back-plastic-treaty-caps-talks-reach-fierce-finish-2024-11-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/plastic-pollution-treaty-south-korea-busan-a0383db69a74938d7ff671533ba79d72\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-01\/nations-fail-to-agree-curbs-on-plastic-as-un-plans-future-talks?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/dec\/01\/international-talks-on-curbing-plastic-pollution-fail-to-reach-agreement-busan\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/58dbfaa3-21c2-41ed-b955-7f03f088bae5\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/30\/climate\/saudi-arabia-global-plastic-treaty.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/un-plastic-talks-verge-collapse-final-hours-busan-south-korea\/\" style=\"\" rel=\"noopener\">Politico<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unccd.int\/cop16\/programme\" style=\"\" rel=\"noopener\">Conference of the Parties (COP16) to the United Nations<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unccd.int\/cop16\/programme\" style=\"\" rel=\"noopener\">Convention to Combat Desertification<\/a><\/strong><strong> will kick off today in Riyadh and run through to Friday, 13 December.<\/strong> The summit will convene leaders and officials from 196 member-states and territories to advance actions and hold ministerial dialogues on resilience and finance, focusing on policies, tech and innovative funding mechanisms.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wesc-conference.qu.edu.qa\/\" style=\"\" rel=\"noopener\">World Energy Storage Conference<\/a><\/strong><strong> will open its doors tomorrow in Doha and run through to <\/strong><strong>Thursday, 5 December. <\/strong>The event will gather scientists, researchers, engineers, policymakers, and industry experts to discuss advancements and challenges in energy storage technology. The full agenda <a target=\"_blank\" href=\"https:\/\/wesc-conference.qu.edu.qa\/program.html\" style=\"\" rel=\"noopener\">can be found here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Egypt is seeking the EU\u2019s technical and financial support to address the impact of the <\/strong><strong>bloc\u2019s imminent <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\/today:-the-uae%25e2%2580%2599s-blue-carbon-is-spending-usd-1.5-bn-in-carbon-offsets-in-zimbabwe-%2B-the-eu-just-rolled-out-the-world%25e2%2580%2599s-first-co2-border-tax\" style=\"\" rel=\"noopener\">Carbon Border Adjustment Mechanism (CBAM)<\/a><\/strong><strong>, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02AP1PVPrbZiJcLNMAzgFPk8hNR6t8Jrvw8dDpKjPUvqRc4yMUMqoYYwQCN5j5QcfTl&id=61562245173260\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. CBAM is the world\u2019s first CO2 border tax and will require firms exporting steel, cement, aluminum, electricity, fertilizers, and hydrogen into the EU to report CO2 emitted during manufacturing and eventually charge pollution fees on those products by 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong><strong>The CBAM will have a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63f69456-ee23-4b0d-ab40-cf8156033b69\/fertilizer,-cement,-steel,-and-aluminum-exporters-need-to-prepare-for-the-eu%25e2%2580%2599s-carbon-border-adjustment-mechanism\" style=\"\" rel=\"noopener\">big<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63f69456-ee23-4b0d-ab40-cf8156033b69\/fertilizer,-cement,-steel,-and-aluminum-exporters-need-to-prepare-for-the-eu%25e2%2580%2599s-carbon-border-adjustment-mechanism\" style=\"\" rel=\"noopener\">impact<\/a><\/strong><strong> on Egyptian industry and export <\/strong><strong>revenues: <\/strong>The EU is Egypt\u2019s largest trading partner, accounting for 31.1% of the country\u2019s exports in the 2022-2023 fiscal year, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/389.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a> from the central bank. EU-bound exports of aluminum accounted for 79% of Egypt\u2019s total aluminum exports in 2022, along with 36.7% of iron and steel exports, 30.6% of fertilizer exports, and 4.1% of cement exports, according to <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/data\/interactive\/2023\/06\/15\/relative-cbam-exposure-index#2\" style=\"\" rel=\"noopener\">World Bank data<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Egypt is already preparing for EU exports:<\/strong> Egypt\u2019s Export and Import Control Authority has set up a lab to measure carbon emissions from the biodegradation of various exported products, the launch of which was revealed at a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/30883e8d-4c38-45e2-be36-648204f4f163\/egypt-explores-implementing%253cmark%253e-cbam%253c%2Fmark%253e-measures-for-exports\" style=\"\" rel=\"noopener\">February meeting<\/a> with EU officials to discuss the impacts of the CBAM on Egyptian exports to the EU.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- Egypt\u2019s Arab Contractors held talks <\/strong><strong>with Algerian Energy and Mines Minister Mohamed Arkab to explore cooperation in energy, mining, and renewable energies<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/energyalgeria2021\/posts\/pfbid0g9qXZVhrrZnjKNx6Qp1oG45vBNfyRyjmAPNCeA8o9SgNnRD2o7vcckUVHrEoiFqWl\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The talks explored avenues for collaboration and investment between Algerian and Egyptian companies including Sonatrach, Sonelgaz, and Sonarem in areas including the development of minerals processing facilities, and electricity interconnections and production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#2- <\/strong><strong>The<\/strong> <strong>UAE<\/strong><strong> to get one or two large-scale solar projects every year until 2030, <\/strong><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/11\/28\/uae-solar-energy\/\" style=\"\" rel=\"noopener\">the National<\/a> reported last week citing Energy Minister Suhail Al Mazrouei. The country is now seeing \u201cprobably the highest demand\u201d for energy as the economy continues to grow, Al Mazrouei said. The push is also part of an overall effort to achieve net zero by 2050 and 30% energy from renewables by 2030. UAE currently generates around 6 GW of renewable energy and targets to increase this to at least 15 GW by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s solar capacity is rising: <\/strong>The Emirates Water and Electricity Company (Ewec) invited developers and consortiums to submit an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9d596053-d18b-47ed-8d62-e927fec10cdc\/\" style=\"\" rel=\"noopener\">Expression of Interest (EOI)<\/a> for the development of the 1.5 GW Zarraf solar PV IPP in Abu Dhabi\u2019s Al Dhafra Region in October. This followed previous projects, including the now-operational <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/66d56efc-43f3-4761-97d0-72329c6d0269\" style=\"\" rel=\"noopener\">2 GW Al Dhafra solar PV<\/a>, the under-development <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/499601fe-117e-440a-9f14-b38c1e76064a\" style=\"\" rel=\"noopener\">1.5 GW Al Ajban solar PV<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8dd65c1-1a2a-48d2-a57e-bb06f1836ab3\" style=\"\" rel=\"noopener\">1.5 GW Khazna solar PV<\/a>, which is still in the tendering process. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>The UAE\u2019s Green Coast is mulling a USD 50 mn renewables and infrastructures <\/strong><strong>investment push in Egypt over the next three years, <\/strong>CEO Mohamed Abdulghaffar Hussein told <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AsharqbEGY\/posts\/pfbid0weRBqp2Pe6kFRvNLpFdFKfnh9WJZsGKxNYUxL5SnyTdaz5nycVUZLzDEX46Uyoh5l\" style=\"\" rel=\"noopener\">Asharq Business<\/a> on Thursday. The <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/green-coast-enterprises-llc\/about\/\" style=\"\" rel=\"noopener\">Dubai-based company<\/a> specializes in renewable energy and sustainability, as well as real estate and investment management by forging international partnerships. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#4- <\/strong><strong>We <\/strong><strong>are one step closer t<\/strong><strong>o a common Arab electricity market: <\/strong>Arab nations are set to sign two agreements to establish a common Arab electricity market during a two-day session of the Arab Ministerial Council for Electricity that kicked off yesterday at Egypt\u2019s new administrative capital, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02owrjppaBTtcNS8W1oX9jAjzESLrv3oQxAmkwRFPRH7gvtfzcDSboCmj8GaM8cFw9l\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The agreements will cover the founding principles of the joint market and its institutions and the legislative framework for its enforcement, including harmonizing national laws to ensure proper governance of the market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The unified market aims to connect and harmonize the energy systems of 22 Arab <\/strong><strong>countries by 2038<\/strong>, with phased implementation starting 2025, Arab League Energy Director Jamila Matar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ff21347-d743-473e-9a81-b39a9686b3b6\/hassan-allam-properties-buys-110k-sqm-of-el-gouna-from-orascom-development%253cmark%253e-for%253c%2Fmark%253e-usd-37.4-mn.-plus:-allianz-egypt,-tadweer,-chefaa,-luna,-didi\" style=\"\" rel=\"noopener\">previously said<\/a>. The market is expected to operate on a commercial mechanism, enabling energy exchange by utilizing surplus electricity from member states. The initiative, Matar added, could draw on the Gulf electricity interconnection project as a model for success.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more on regional cooperation: <\/strong>Also on the agenda is a document outlining a green hydrogen strategy for the Arab region as well as the launch of an Arab Green Hydrogen Network, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02owrjppaBTtcNS8W1oX9jAjzESLrv3oQxAmkwRFPRH7gvtfzcDSboCmj8GaM8cFw9l\" style=\"\" rel=\"noopener\">statement<\/a>. The meeting will also discuss supporting the localization of the manufacturing of electricity transmission and distribution equipment in the Arab world. Lastly, the meetings will see the pilot launch of the energy exchange project between Jordan, Saudi Arabia, and Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#5- <\/strong><strong>ICJ <\/strong><strong>to hold hearings on states\u2019 climate obligations: <\/strong>The International Court of Justice (ICJ) is beginning <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/36.pdf\" style=\"\" rel=\"noopener\">hearings (pdf)<\/a> today on the obligations of countries to combat climate change, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/international-court-begin-hearings-that-may-shape-global-climate-litigation-2024-11-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The process, driven by small island states, aims to address the consequences for nations contributing to global warming. The court's opinion, expected in 2025, will provide a non-binding advisory opinion on the responsibilities of states to protect the climate under international law and the potential liability of large emitters for damages to smaller nations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect? <\/strong>Starting today and until 13 December, the ICJ will hear from 98 countries and 12 international organizations, including major greenhouse gas emitters like the United States, China, and the OPEC group. Vanuatu \u2014 a Pacific island nation severely affected by climate change \u2014 will be the first to present its arguments. The ICJ's advisory opinions are non-binding, but they hold significant legal and political weight and are expected to influence climate litigation globally, Reuters reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Carbon <\/strong><strong>markets could be looking up:<\/strong> Trading firm <a target=\"_blank\" href=\"https:\/\/www.trafigura.com\/\" style=\"\" rel=\"noopener\">Trafigura Group<\/a> is gearing up for growth in the carbon credits market on the back of new global regulatory frameworks set to make the financing instrument go mainstream, Trafigura's global head of carbon trading Hannah Hauman told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-27\/trafigura-bets-troubled-carbon-credits-market-poised-for-rebound\" style=\"\" rel=\"noopener\">Bloomberg<\/a> last week. The company is already working on new offset projects, including a recently-announced USD 500 mn carbon credits investment to restore African woodlands. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook:<\/strong> Despite a recent slump in the voluntary carbon market due to greenwashing allegations, lack of regulations, and declining prices, regulatory developments in Europe, the US, and Asia are creating a more structured market. COP29\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77f5a283-1888-41d5-accc-d36505c39e92\" style=\"\" rel=\"noopener\">recently advanced rules<\/a> for a new UN-guided market also provided a clearer framework for countries to participate, burnishing an increasing regulatory clarity that could drive demand for carbon credits, particularly those based on emissions removals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>ome experts are still wary: <\/strong>Inconsistent definitions and the potential for an \"anything goes\" market under Article 6.2 could undermine climate action, Kleinman Center for Energy Policy's senior fellow Danny Cullenward told Bloomberg. Commenting on the COP29 agreement, Carbon Market Watch policy expert <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/532ccb68-223e-457f-bbe7-a75f4dcf4132\" style=\"\" rel=\"noopener\">described<\/a> the rules as \u201cweak,\u201d blasting the approach as one that defers \u201cconsequences\u201d for later rather than \u201cpreventing them.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WORTH READING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Northvolt<\/strong><strong>\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8175b264-aa06-4a34-a99f-96b056b82d08\/\" style=\"\" rel=\"noopener\">recent bankruptcy<\/a><\/strong><strong> proves <\/strong><strong>overcoming China\u2019s EV dominance <\/strong><strong>needs more than substantial public subsidies and strong market demand, <\/strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/11\/27\/2024\/northvolt-bankruptcy-shows-a-new-strategy-is-needed-to-counter-chinas-ev-dominance?utm_medium=net+zero&utm_campaign=flagshipnumbered2&utm_source=newslettercta\" style=\"\" rel=\"noopener\">Semafor<\/a> wrote last week<strong>. <\/strong>That could mean that the survival of European and American battery manufacturers needs a new strategy, Semafor wrote. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What went wrong? <\/strong>Northvolt aimed to differentiate itself from Chinese competitors by attempting to reach a competitive edge in emerging battery technologies like recycling and sodium-ion batteries instead of the China-dominated lithium-ion battery market. To do this while also maintaining its current clients, the company recklessly burnt through money, overextending itself with multiple facilities and technologies, clean tech investment firm Generate Capital president Bill Sonneborn told Semafor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An underrated \u2018pervasive mistake\u2019: <\/strong>Another fatal mistake was not investing enough in the human resources necessary to sustain the massive operational expansion and focusing instead on the \u201cnerdier pursuit of intellectual property,\u201d Sonnebord said. This mistake is \u201cpervasive\u201d in the climate tech sector, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Northvolt filed for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8175b264-aa06-4a34-a99f-96b056b82d08\" style=\"\" rel=\"noopener\">Chapter 11 bankruptcy protection<\/a> in the US last month, citing a dire liquidity situation after failing to secure rescue funding, leaving it with enough cash to support operations for only a week. Northvolt secured USD 100 mn in new financing from its customer \u2014 Volkswagen-owned Swedish truck maker Scania \u2014 to support the bankruptcy process and has USD 5.84 bn of debt on the books.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<br \/><strong>YOU\u2019RE READING EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 9am in Cairo and Riyadh and 11am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC and Infinity Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mangroveconference.com\/en\/about\/conference\/\" style=\"\" rel=\"noopener\">International Mangrove Conservation and Restoration Conference<\/a><\/strong><strong> from <\/strong><strong>Tuesday, 10 December to Thursday, 12 December <\/strong>in Abu Dhabi. The conference \u2014 happening in parallel to Riyadh\u2019s COP16 on desertification \u2014 will gather global scientists and conservation experts dedicated to mangrove and coastal ecosystem restoration, seeking to share research, innovative approaches, and best practices for holistic restoration, including habitat diversity, connectivity, and climate resilience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\" rel=\"noopener\">World Energy Summit<\/a><\/strong><strong> from Tuesday, 14 January to Thursday, 16 <\/strong><strong>January<\/strong> in Abu Dhabi. The summit will host over 350 speakers including energy industry leaders and policymakers with discussions ranging from eco-waste to sustainable cities. An exhibition will also be held for showcasing green products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\" rel=\"noopener\">Future Minerals Forum<\/a><\/strong><strong> from Tuesday, 14 January to Thursday, <\/strong><strong>16 January<\/strong> in Riyadh. The forum will gather stakeholders from over 170 countries to discuss mineral technology and exploration. Speakers will include senior government officials and CEOs from renowned mining companies Vale, Rio Tinto, and Manara.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Bahrain will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sustainmideast.com\/\" style=\"\" rel=\"noopener\">Sustainability Forum Middle East<\/a><\/strong><strong> from Tuesday, 28 January to <\/strong><strong>Wednesday, 29 January<\/strong> in Manama. Climate experts and decision-makers will convene to discuss a number of issues ranging from decarbonization to supporting SMEs on their path to net zero. Speakers will include GCC government officials and industry leaders from the banking and industrial sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/amea-power\/\">Amea Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88335\" 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=\"88335\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/masdar-finalizes-acquisition-of-70-of-greeces-terna-energy\/\">\r\n                            Masdar finalizes acquisition of 70% of Greece\u2019s Terna Energy                        <\/a>\r\n                    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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/127.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"127.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/127.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/127.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88335\" class=\"content-area-description single-story post-88335 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-investment-watch tag-ma-watch tag-masdar tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ca86e74f-c54b-40e0-bce2-23f018de4013.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar<\/strong><strong> completes Terna acquisition: <\/strong>UAE renewables giant Masdar completed its acquisition of a 70% stake in Greece\u2019s major renewables player <a target=\"_blank\" href=\"https:\/\/www.terna-energy.com\/\" style=\"\" rel=\"noopener\">Terna Energy<\/a> for EUR 20 per share, valuing the company at EUR 3.2 bn, and marking one of the largest acquisitions in the EU renewables industry, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-closes-deal-to-acquire-terna-energy\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. Masdar \u2014 now Terna Energy\u2019s majority shareholder \u2014 plans to seek regulatory approval for an all-cash, mandatory offer to buy the remaining stakes of the Greek company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The move pushes Masdar closer to achieving its goal of 100 GW of global energy capacity by 2030, the statement says. Terna \u2014 the largest investor in Greece\u2019s renewables sector \u2014 aims to achieve 6 GW of operational renewables capacity by 2029 while its parent company <a target=\"_blank\" href=\"https:\/\/www.gekterna.com\/\" style=\"\" rel=\"noopener\">Gek Terna<\/a> is focused on becoming a leader in diversified infrastructure across Greece and Southeast Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Masdar appointed Rothschild & Co. as financial advisor and Simmons & Simmons, Bernitsas Law, and Latham & Watkins for counsel. Gek Terna and Terna Energy were advised by Morgan Stanley, Reed Smith, and Potamitis Vekris.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Masdar reached a final agreement to purchase an initial 67% stake in Greece\u2019s Terna Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/af7f8f1d-1772-426d-8da9-5989cb667f45\/masdar-set-to-purchase-67%2525-stake-in-greece%25e2%2580%2599s%253cmark%253e-terna%253c%2Fmark%253e-energy\" style=\"\" rel=\"noopener\">earlier in June<\/a>, with plans to buy the remaining stakes once the transaction is completed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Terna Energy\u2019s current portfolio<\/strong>: The company\u2019s capacity sits at 1.2 GW today, operating across a diverse renewable energy portfolio of wind, solar, biomass, and hydro projects, including the 680 MW Amfilochia pumped hydro project, one of Europe\u2019s largest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar has been on an acquisition spree this year: <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2e7a6a2f-40cb-40e2-ae3d-d57c6b45a33c\/masdar-to-acquire-spanish-renewables-firm-saeta-yield-for-usd-1.4-bn\" style=\"\" rel=\"noopener\">acquired Spanish renewable energy firm Saeta Yield<\/a> from Canada-based investment firm Brookfield for USD 1.4 bn in September. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8baff20d-d765-4c8a-9855-611ccdb67ceb\" style=\"\" rel=\"noopener\">snapped up a 50% stake<\/a> in Spanish power firm Endesa\u2019s solar power installations subsidiary EPGE Solar for AED 3.3 bn. Outside of Europe, it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5020e1d6-0456-4f37-b52d-b328d1a7b3c0\/today:-qnb-issues-turkey%25e2%2580%2599s-first-blue-bond-%2B-ksa-shortlists-bidders-for-solar-projects\" style=\"\" rel=\"noopener\">acquired a 50% stake<\/a> in one of the largest independent renewable energy producers in the United States, Terra-Gen Power Holdings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER UAE NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf <\/strong><strong>Cryo pulls out of Alexandria\u2019s hydrogen project: <\/strong>Industrial gas producer <a target=\"_blank\" href=\"https:\/\/www.gulfcryo.com\/\" style=\"\" rel=\"noopener\">Gulf Cryo<\/a> is withdrawing from a project to establish a hydrogen gas processing unit with the state-owned Egyptian Chemical Industries (Kima) due to \u201cexternal factors,\u201d the Egyptian company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/57.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. Kima said it is going to swiftly begin the search for an alternative developer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>Gulf Cyro and Emex for Engineering and Construction <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48400bd6-088c-4e24-b57d-7a826d49ec0d\" style=\"\" rel=\"noopener\">were set to establish<\/a> a unit to process hydrogen gas for various uses in Egypt under an agreement signed with Kima in June 2023. The unit would have been established within a Kima factory in Alexandria, with Kima committed to supplying hydrogen gas to the alliance of the two companies. The two companies were also to be responsible for processing and marketing the gas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf Cryo is also working in other areas: <\/strong>The company inaugurated Saudi Aramco and Sumitomo Chemical's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7bf63f62-649b-475c-a662-a834f291cefd\" style=\"\" rel=\"noopener\">carbon capture and utilization facility<\/a> in Jeddah last year. The facility \u2014 designed, constructed, and operated by Gulf Cryo \u2014 is set to capture 300 metric tons of CO2 daily from the company\u2019s Mono Ethylene Glycol (MEG) plant, equivalent to an 85% reduction of the plant\u2019s annual emissions. In 2022, the company also signed a 20-year agreement with Saudi mining company Ma\u2019aden to operate a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/45bcc40a-f62b-4d33-a403-be824029ee65\" style=\"\" rel=\"noopener\">carbon capture plant<\/a> in its phosphate complex in Ras Al Khair.<\/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\/investment-watch\/\">INVESTMENT WATCH<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88337\" 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=\"88337\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/abdul-latif-jameel-backed-rivian-closes-in-on-usd-6-6-bn-us-federal-loan\/\">\r\n                            Abdul Latif Jameel-backed Rivian closes in on USD 6.6 bn US federal loan                        <\/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\/12\/02\/abdul-latif-jameel-backed-rivian-closes-in-on-usd-6-6-bn-us-federal-loan\/\" 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 money will come from the DOE\u2019s Energy\u2019s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program with USD 6 bn as principal money and USD 600 mn of capitalized interest. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The company will need to meet a raft of technical, regulatory, environmental, and financial requirements before the loan is finalized. One of the conditions not mentioned in the company\u2019s statement was for Rivian to not oppose union organizing efforts at the plant, a source close to the matter told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/rivian-gets-66-bln-conditional-loan-approval-build-georgia-ev-plant-2024-11-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant: <\/strong>Rivian plans to build the production facility in two phases with a 200k annual production capacity each. Phase 1 is set to begin production in 2028. The plant will be located at Stanton Springs North, Georgia state, and is expected to generate 7.5k jobs once operational. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Rivian reportedly applied for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b843e3c4-0ae2-4edf-96c8-a80fd9d1e27f\/today:-uae%25e2%2580%2599s-taqa-drums-up-green-financing-%2B-oman%25e2%2580%2599s-ffo-details-initial-investments-in-clean-energy\" style=\"\" rel=\"noopener\">federal loan<\/a> to fund the construction of its long-planned EV plant in Georgia that had been stalled due to a lack of funds. The amount was not disclosed at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gaining momentum?<\/strong> The latest development comes just two weeks after Volkswagen (VW) raised its investment in Rivian by 16% to reach USD 5.8 bn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/rivian-volkswagen-group-launch-58-billion-joint-venture-2024-11-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported earlier this month. The investment is focused on supporting a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/32d25625-2dec-4d27-b9fd-a95f07eb31b6\/abdul-latif-jameel-backed-ev-maker%253cmark%253e-rivian%253c%2Fmark%253e-to-get-usd-5-bn-investment-from-volkswagen\" style=\"\" rel=\"noopener\">joint venture<\/a> the companies launched earlier this year that will focus on software-defined vehicle platforms. According to the agreement, VW will have immediate access to Rivian's EV software for its vehicles, and both companies plan to use the tech from their JV to develop vehicles before 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Production forecasts were slashed this year: <\/strong>Rivian <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b843e3c4-0ae2-4edf-96c8-a80fd9d1e27f\/today:-uae%25e2%2580%2599s-taqa-drums-up-green-financing-%2B-oman%25e2%2580%2599s-ffo-details-initial-investments-in-clean-energy\" style=\"\" rel=\"noopener\">lowered its annual<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b843e3c4-0ae2-4edf-96c8-a80fd9d1e27f\/today:-uae%25e2%2580%2599s-taqa-drums-up-green-financing-%2B-oman%25e2%2580%2599s-ffo-details-initial-investments-in-clean-energy\" style=\"\" rel=\"noopener\">production<\/a> forecast by over 14% back in October due to parts shortage and demand slowdown. Its shares are down about 50% this year, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/rivian-lowers-annual-production-forecast-due-parts-shortage-2024-10-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> report at the time. Rivian closed its only manufacturing facility in Illinois for three weeks earlier this year to streamline its manufacturing processes and reassess the costs of building its vehicles. The company planned to turn its first profit in 4Q 2024, increasing the production of its R1 models and lining up production of its smaller R2 models in 2026. <\/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\/debt-watch\/\">DEBT WATCH<\/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\/rivian\/\">Rivian<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88339 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=\"88339\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/88339\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88339\" class=\"content-area-description single-story post-88339 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=\"88340\" 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=\"88340\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/china-glass-breaks-ground-on-usd-300-mn-plant-to-produce-flat-glass-pv-glass-in-egypt\/\">\r\n                            China Glass breaks ground on USD 300 mn plant to produce flat glass + PV glass in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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data-image-meta=\"[]\" data-image-title=\"125.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/125.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/125.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88340\" class=\"content-area-description single-story post-88340 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-egypt tag-enterpriseclimate tag-sczone tag-solar tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.0941a42c-fdf3-446d-aca3-3482f73d5efd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> China Glass breaks ground on USD 300 mn plant to produce flat glass + PV<\/strong><strong> glass in Egypt: <\/strong>CNG Egypt New Energy Glass \u2014 a company set up by China Glass Holding \u2014 has broken ground on its USD 300 mn glass production plant in the Ain Sokha Industrial Zone, according to a government <a target=\"_blank\" href=\"https:\/\/www.sis.gov.eg\/Story\/291869\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%8A%D8%B4%D9%87%D8%AF-%D9%88%D8%B6%D8%B9-%D8%AD%D8%AC%D8%B1-%D8%A3%D8%B3%D8%A7%D8%B3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%86%D9%8A%D9%88-%D8%A7%D9%86%D8%B1%D8%AC%D9%8A-%D8%AC%D9%84%D8%A7%D8%B3-%D9%84%D9%84%D8%B2%D8%AC%D8%A7%D8%AC?lang=ar\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The project will have an annual production capacity of around 230k tons of PV glass. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The glass plant will be located at <a target=\"_blank\" href=\"https:\/\/sczone.eg\/ar\/tag\/%D8%AA%D9%8A%D8%AF%D8%A7-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">China-Egypt Suez Economic and Trade<\/a><a target=\"_blank\" href=\"https:\/\/sczone.eg\/ar\/tag\/%D8%AA%D9%8A%D8%AF%D8%A7-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Cooperation Zone (TEDA)<\/a> on a lot of 500k sqm. The project will target the local market as well as exports to North Africa, the Middle East and Europe, with an export capacity of up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba900f2e-713e-47fb-a1b5-18d5eedfa60a\/egypt-signs-green-sector-agreements-at%253cmark%253e-china%253c%2Fmark%253e-africa-forum\" style=\"\" rel=\"noopener\">240k tons annually<\/a> \u2014 including for both flat and PV glass \u2014 and projected export revenues of up to USD 120 mn annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>China Glass signed an agreement to set up the factory as part of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba900f2e-713e-47fb-a1b5-18d5eedfa60a\/egypt-signs-green-sector-agreements-at%253cmark%253e-china%253c%2Fmark%253e-africa-forum\" style=\"\" rel=\"noopener\">slew of agreements<\/a> slated for the TEDA trade zone signed during the Forum on China-Africa Cooperation back in September. Other agreements made at the forum include a USD 100 mn factory for N-type solar cells built by Elite Solar, and a USD 500 mn green chemicals facility by Befar Group that will utilize renewables and low-carbon sources of energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About China Glass<\/strong><strong>: <\/strong>China Glass is broken up into four segments of glass production\u2014 clear glass, painted glass, coated glass, and \u201cenergy saving and new energy glass,\u201d which includes low emissions coated glass and PV glass products, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/company\/4295871890\/china-glass\" style=\"\" rel=\"noopener\">Zawya<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sczone\/\">SCzone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88342\" 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=\"88342\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/a-basket-of-updates-from-egypts-ev-sector-courtesy-of-mansour-auto-chinese-players\/\">\r\n                            A basket of updates from Egypt\u2019s EV sector, courtesy of Mansour Auto + Chinese players                        <\/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\/12\/02\/a-basket-of-updates-from-egypts-ev-sector-courtesy-of-mansour-auto-chinese-players\/\" 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 factory is expected to begin production within the next two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- The two have been working together for some while now: <\/strong>Al Mansour <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/08\/16\/al-mansour-becomes-exclusive-distributor-for-mg-in-egypt-to-invest-egp-400-mn-by-2022\/\" style=\"\" rel=\"noopener\">secured<\/a> the rights to be MG\u2019s exclusive distributor back in 2018. Just a year after this, we first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9532db0-b4fb-4571-9feb-cf484ec433dc\/egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement\" style=\"\" rel=\"noopener\">heard<\/a> about Al Mansour Automotive\u2019s plans to produce MG-badged vehicles in partnership with MG Motor's parent company SAIC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese automakers are more and more looking towards Egypt: <\/strong>Geely-owned Chinese EV luxury brand Zeekr entered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5f1bba3c-a8dd-402d-9df5-74cace6ce99a\/zeekr-to-launch-in-egypt\" style=\"\" rel=\"noopener\">an agreement<\/a> last month with Egyptian International Motors that will see the partners launch Zeekr 001 and Zeekr X models and open an office in Cairo by the end of the year. Earlier in May, China\u2019s FAW Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/39f671c3-873b-4998-bbe8-1bb417a6964d\/egypt%25e2%2580%2599s-gv-auto-signs-agreement-with-china%25e2%2580%2599s-faw-to-manufacture-and-export%253cmark%253e-evs%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with GV Investments\u2019 automotive arm GV Auto to locally manufacture, assemble, market, distribute, and export EVs starting in 1Q 2025. Also, GB Auto Group launched Chery\u2019s first EV in the Egyptian market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/72469b11-1cb8-4e09-aa6f-90879e7e3c80\/gb-auto-group-to-launch-cherry%25e2%2580%2599s-eq7-electric-suv-in-egypt\" style=\"\" rel=\"noopener\">in August<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- General Motors, with Al Mansour Automotive as its exclusive distributor, plans to <\/strong><strong>launch two compact car models in Egypt next year, including an electric one<\/strong>, the company\u2019s CEO Sharon Nishi told <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1861367421900112007\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The company is particularly focused on opening up new export markets in Africa, Nishi added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER EGYPT EV NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Alkan Auto to bring another Chinese EV brand to market by February:<\/strong> Chinese BAIC group\u2019s local agent Alkan Auto is preparing to launch BAIC subsidiary Arcfox\u2019s EVs to the market in 1Q 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a3%d9%84%d9%83%d8%a7%d9%86-%d8%a3%d9%88%d8%aa%d9%88-%d8%aa%d8%b3%d8%aa%d8%b9%d8%af-%d9%84%d8%b7%d8%b1%d8%ad-%d8%b3%d9%8a%d8%a7%d8%b1%d8%a7%d8%aa-arc-fox-%d8%a7%d9%84%d9%83\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says are familiar with the matter. The vehicles will be launched through a distribution network that will be exclusive to the new models, with the sources saying that the firm is preparing to launch the first Arcfox vehicle in early February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>BAIC and Alkan Auto inked an agreement in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db0dfe0f-f7f1-4fe0-ab05-197ce3d3f870\/china%25e2%2580%2599s%253cmark%253e-baic%253c%2Fmark%253e-group-to-set-up-ev-factory-in-egypt-with-local-agent-alkan-auto\" style=\"\" rel=\"noopener\">October<\/a> to establish an EV factory with the start of production penciled in for the end of 2025. The facility is expected to produce 20k cars in its first year, scaling up to 50k by year five, with a local content ratio starting at 48% and targeting 58% as production ramps up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- NATCO to distribute Chinese Neta Auto EVs by mid-next year:<\/strong> The National Automotive Company (NATCO) is planning on launching Chinese firm Neta Auto\u2019s EV models in the domestic market during the first half of 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%86%d8%a7%d8%aa%d9%83%d9%88-%d8%aa%d8%b3%d8%aa%d9%87%d8%af%d9%81-%d8%a5%d8%b7%d9%84%d8%a7%d9%82-%d9%88%d8%ad%d8%af%d8%aa%d9%87%d8%a7-%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a6\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing an unnamed source from NATCO it says has knowledge of the matter. The company is currently negotiating with representatives from Neta Auto to launch the brand and select the models most suited for the local market. The plan focuses on importing vehicles in the first phase, with a view to starting local assembly in the future. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>UAE\u2019s Zero Carbon eyes Egypt\u2019s EV market:<\/strong> UAE-based EV infrastructure company Zero Carbon is currently undertaking feasibility studies ahead of a launch in the Egyptian market, with the company planning to introduce a high-capacity EV charger locally in 3Q 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%b2%d9%8a%d8%b1%d9%88-%d9%83%d8%a7%d8%b1%d8%a8%d9%88%d9%86-%d8%a7%d9%84%d8%a5%d9%85%d8%a7%d8%b1%d8%a7%d8%aa%d9%8a%d8%a9-%d8%aa%d9%81%d8%a7%d9%88%d8%b6-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports. Zero Carbon \u2014 which offers services ranging from EV charging solutions to software support and spare parts \u2014 is also exploring partnerships with other EV industry players to grow into the Egyptian market.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/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\/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=\"88344\" 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=\"88344\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/\">\r\n                            Morocco\u2019s Managem sees its revenues jump 21% y-o-y in 3Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/')\">\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\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Morocco\u2019s Managem sees its revenues jump 21% y-o-y in 3Q 2024&url=https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/\">\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\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/&title=Morocco\u2019s Managem sees its revenues jump 21% y-o-y in 3Q 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Morocco%E2%80%99s+Managem+sees+its+revenues+jump+21%25+y-o-y+in+3Q+2024+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F12%2F02%2Fmoroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024%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\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/123.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88345\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/moroccos-managem-sees-its-revenues-jump-21-y-o-y-in-3q-2024\/123-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/123.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"123.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/123.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/123.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88344\" class=\"content-area-description single-story post-88344 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-critical-minerals tag-earnings-watch tag-enterpriseclimate tag-mining tag-morocco 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\/12\/.b0cb07da-9103-4f70-8ba0-fb53344bdec5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Managem\u2019s <\/strong><strong>revenues jump in 9M:<\/strong> Moroccan mining company <a target=\"_blank\" href=\"https:\/\/www.managemgroup.com\/en\" style=\"\" rel=\"noopener\">Managem Group<\/a> reported a 10% y-o-y increase in revenues to MAD 6.53 bn (c. USD 653.9 mn) in the first nine months of 2024, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/37.pdf\" style=\"\" rel=\"noopener\">statement to the Casablanca Stock Exchange<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/37.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> last week. The company also recorded a 21% y-o-y revenue growth to MAD 2.1 bn (c. USD 201.3 mn) in 3Q 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers:<\/strong> The 3Q growth was primarily driven by increased sales volume, assets sales, the first-time commercialization of Managem\u2019s production share from the Pumpi copper project in the Democratic Republic of Congo, and price hikes in key metals, mainly gold, silver, and copper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Managem has big plans:<\/strong> The company \u2014 active in six other African countries besides Morocco \u2014 allocated MAD 4.26 bn (c. USD 426.6 mn) to new projects by the end of September, around 73% of which were directed toward under-construction projects, including the Tizert copper project and a cobalt sulfate project in Morocco, as well as the Boto gold project in Senegal, according to the statement. The company currently has a portfolio of 16 projects, whether operations, under construction, or in the exploration phases, according to its website. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a rocky road:<\/strong> The improved performance came despite a 33% drop in cobalt prices, which had previously impacted the company\u2019s production and revenues earlier this year, <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/11\/366646\/managem-group-reports-10-revenue-growth-amid-rising-metal-prices\" style=\"\" rel=\"noopener\">Morocco World News<\/a> reports. Managem reportedly had to cut cobalt production from its Bou-Azzer mine to conserve resources as prices went down, contributing to a 13% y-o-y revenue drop in 1Q this year, according to a separate <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/05\/362850\/managem-profits-drop-13-in-q1-2024-due-to-operations-halt-cobalt-price-drop\" style=\"\" rel=\"noopener\">Morocco World News<\/a> report earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big swings recently: <\/strong>Managem sold 100% of its subsidiary Compagnie Mini\u00e8re d\u2019Oumejrane \u2014 which operates the <a target=\"_blank\" href=\"https:\/\/www.managemgroup.com\/mine-doumejrane\" style=\"\" rel=\"noopener\">Oumejrane copper mine<\/a> in Morocco \u2014 to UK\u2019s MetalNRG for USD 32 mn last June, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2713.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The sale would allow the company to focus on its major projects, Managem CEO Imad Toumi said at the time. Managem Group also finalized the sale of its wholly-owned subsidiary SAMINE to Australian group Atlantic Tin's Moroccan subsidiary Titan Tin, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/62.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company will also begin supplying the major French automotive player Renault with around <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d0eeb750-b655-45e4-95cc-d08dc4ac8bfa\" style=\"\" rel=\"noopener\">5k tons of low-carbon cobalt<\/a><\/strong><strong> starting next year for a period of seven years.<\/strong> The agreement \u2014 signed in the summer of 2022 \u2014 would support Renault\u2019s goal to achieve a 35% reduction in EV batteries\u2019 emissions by 2030, the company said then. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The company said in 2023 that it planned to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d0eeb750-b655-45e4-95cc-d08dc4ac8bfa\" style=\"\" rel=\"noopener\">increase its capital<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d0eeb750-b655-45e4-95cc-d08dc4ac8bfa\" style=\"\" rel=\"noopener\">investments<\/a> across mining operations in Morocco and Africa threefold from MAD 999 mn (c. USD 100 mn) to MAD 3.9 bn (c. USD 390.6 mn).<\/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\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88346\" 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=\"88346\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/hydrogen-mining-and-solar-updates-from-saudi-oman-and-morocco\/\">\r\n                            Hydrogen, mining, and solar updates from Saudi, Oman, and Morocco                        <\/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\/12\/02\/hydrogen-mining-and-solar-updates-from-saudi-oman-and-morocco\/\" 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\/12\/02\/hydrogen-mining-and-solar-updates-from-saudi-oman-and-morocco\/')\">\n 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2242.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2242.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88346\" class=\"content-area-description single-story post-88346 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aramco tag-enterpriseclimate tag-green-hydrogen tag-mining tag-morocco tag-oman tag-saudi-arabia tag-solar-energy tag-sustainability tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ba33cfb0-1ccc-4d0e-9ad3-ddbb8ae568ad.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">INVESTMENT WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tetra Pak + Union Paper Mills to recycle carton packages in UAE: <\/strong>Swiss food packaging and processing firm Tetra Pak and UAE\u2019s Union Paper Mills (UPM) will jointly invest AED 2.5 mn to establish a recycling line for carton packages in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.tetrapak.com\/en-sa\/about-tetra-pak\/news-and-events\/newsarchive\/tetra-pak-levels-up-uae-recycling-infrastructure\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the facility: <\/strong>The line will have the capacity to process up to 10k tons of used carton packaging material annually. Using Tetra Pak\u2019s tech, the facility will extract paper fibers from aluminum and polymer waste to create raw materials for the packaging and plastics industries. The recycled raw materials, called PolyAl, can also have further applications in construction, furniture, molding and 3D printing. <\/p>\n<p class=\"tag-border-left\">GREEN HYDROGEN- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi<\/strong> <strong>Aramco <\/strong><strong>+ Gulf Cryo partner on low-carbon hydrogen: <\/strong>Saudi Aramco signed a collaboration agreement with Gulf Cryo to test and evaluate low-carbon hydrogen and carbon capture and utilization technologies at the Aramco-led <a target=\"_blank\" href=\"https:\/\/www.spark.sa\/\" style=\"\" rel=\"noopener\">King Salman Energy Park (Spark)<\/a>, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/oil-and-gas\/2024\/11\/28\/-%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D9%85%D8%B9-%D8%AC%D8%A7%D9%84%D9%81-%D9%83%D8%B1%D8%A7%D9%8A%D9%88-%D9%84%D8%A7%D8%AE%D8%AA%D8%A8%D8%A7%D8%B1-%D9%88%D8%AA%D9%82%D9%8A%D9%8A%D9%85-%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D9%85%D9%86%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%83%D8%B1%D8%A8%D9%88%D9%86-\" style=\"\" rel=\"noopener\">AlArabiya<\/a> reported last week. Gulf Cryo will conduct the preliminary and pre-commercialization evaluation of Aramco\u2019s facilities and techs in the park, which is slated for operational launch by the end of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Spark<\/strong>: Spark is a megaproject in the Eastern Province that aims to be a regional industrial and sustainable energy hub in the region. Earlier in September, SPARK announced it had successfully attracted over 60 investors, with current investment amounts exceeding USD 3 bn, reports AlArabiya. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman <\/strong><strong>awards mining license for copper, chrome-rich zones:<\/strong> Oman's Energy and Minerals Ministry has granted AlTamman Indsil Ferrochrome (ATIFC) a mining concession for chrome and copper-rich Area 22-D in North Al Sharqiyah Governorate, according to a <a target=\"_blank\" href=\"https:\/\/mem.gov.om\/ar-om\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%85%D9%8A\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/ArtMID\/400\/ArticleID\/1414\/%d9%88%d8%b2%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d8%b7%d8%a7%d9%82%d8%a9-%d9%88%d8%a7%d9%84%d9%85%d8%b9%d8%a7%d8%af%d9%86-%d8%aa%d9%88%d9%82%d8%b9-%d8%a7%d8%aa%d9%81%d8%a7%d9%82%d9%8a%d8%a9-%d9%85%d9%86%d8%b7%d9%82%d8%a9-%d8%a7%d9%84%d8%a7%d9%85%d8%aa%d9%8a%d8%a7%d8%b2-%d8%b1%d9%82%d9%85-22-%d8%af-%d8%a8%d9%85%d8%ad%d8%a7%d9%81%d8%b8%d8%a9-%d8%b4%d9%85%d8%a7%d9%84-%d8%a7%d9%84%d8%b4%d8%b1%d9%82%d9%8a%d8%a9\" 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>More details: <\/strong>The concession agreement grants ATIFC mining and exploration rights over an area of 790 sqkm rich in copper and chrome. The agreement would require the company to conduct an intensive exploratory program in the first two years of concession, using topographic, geochemical, and geophysical research, remote sensing, and detailed geological mapping. The company will also be allowed to conduct an intensive drilling program of up to 250 exploratory drill holes. No timeline or investment ticket was disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About <\/strong><strong>ATIFC<\/strong><strong>: <\/strong><a target=\"_blank\" href=\"https:\/\/muscatoverseas.com\/business-verticals\/mining-minerals\/al-tamman-indsil-ferrochrome-atifc\" style=\"\" rel=\"noopener\">ATIFC<\/a> is a JV between Oman\u2019s Muscat Overseas Group and India\u2019s Indsil Group that was originally established to tap into the sultanate\u2019s chrome ore reserves with extraction and processing activities. Key products currently offered by the company include Ferrochrome (FeCr) and Silicomanganese (SiMn). The company has a production facility based at Sohar Free Zone that boasts climate-friendly practices, such as zero-water waste, renewable energy use, and byproducts recycling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DIPLOMACY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco <\/strong><strong>+ Hungary partner on sustainable development: <\/strong>Morocco's Energy Transition and Sustainable Development Ministry signed an MoU with Hungary's Foreign Affairs and Trade Ministry to cooperate on sustainable development and environment conservation, according to a <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/MTEDDMA\/posts\/pfbid0uvi5LmxA3BncfF3FTmMdfU6sUoTnuAXTLU9BPCsRdV3XF5zmsLZ51RQvg6Ash6bol?rdid=W4Hrps1Lkt1xRgXs\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The partnership would cover collaboration on areas, including combatting climate change, energy transition, sustainable development governance, waste management, and biodiversity conservation.<\/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\/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\/aramco\/\">Aramco<\/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\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/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                            <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\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88348\" 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=\"88348\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/\">\r\n                            ADB to fund 12 solar projects in Thailand                        <\/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\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/\" 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\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/')\">\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\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/\">\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=ADB will fund 12 solar projects in Thailand&url=https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/\">\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\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/&title=ADB will fund 12 solar projects in Thailand\">\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=ADB+will+fund+12+solar+projects+in+Thailand+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F12%2F02%2Fadb-will-fund-12-solar-projects-in-thailand%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\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/301.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88349\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/02\/adb-will-fund-12-solar-projects-in-thailand\/301-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/301.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"301.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/301.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/301.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88348\" class=\"content-area-description single-story post-88348 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-debt-watch tag-enterpriseclimate tag-ev-battery-recycling tag-evs tag-solar tag-solar-energy tag-usa 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\/12\/.1efebd00-e41b-4755-8813-54af1d745d01.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADB <\/strong><strong>+ <\/strong><strong>Gulf <\/strong><strong>to fund solar projects in Thailand:<\/strong> The Asian Development Bank (ADB) and Gulf Renewable Energy Company, a subsidiary of <a target=\"_blank\" href=\"https:\/\/www.gulf.co.th\/en\/renewables.php\" style=\"\" rel=\"noopener\">Gulf Energy Development Public Company<\/a>, have signed a USD 820 mn loan to finance the construction of 12 renewable energy projects across Thailand, according to a <a target=\"_blank\" href=\"https:\/\/www.adb.org\/news\/adb-gulf-sign-820-million-loan-scale-solar-and-battery-storage-thailand\" style=\"\" rel=\"noopener\">press release<\/a> published last week. The portfolio includes eight ground-mounted solar PV plants with a contracted capacity of 393 MW and four ground-mounted solar PV plants with battery energy storage, offering 256 MW of capacity and 396 MWh of energy storage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the package:<\/strong> The financing package \u2014 led by ADB as book-runners \u2014 includes USD 260 mn from ADB\u2019s ordinary capital resource and a total of USD 529 mn from a consortium of institutions, including the Asian Infrastructure Investment Bank, Singapore\u2019s KEXIM Global, Germany\u2019s KfW subsidiary <a target=\"_blank\" href=\"https:\/\/www.deginvest.de\/index-2.html\" style=\"\" rel=\"noopener\">DEG<\/a>, and the Export-Import Bank of China. ADB will also provide USD 31.35 mn in blended concessional finance from the Clean Technology Fund to address the higher risks associated with the energy storage projects<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADB is upping climate finance:<\/strong> The lender is funneling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6deb6156-9d17-42cf-8950-7b1967d58a2d\" style=\"\" rel=\"noopener\">USD 160 mn<\/a> into Masdar\u2019s and Socar Green\u2019s solar projects in Azerbaijan. During COP29, ADB committed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/606d6c30-fb21-41be-a23f-c8fe7259d16e\" style=\"\" rel=\"noopener\">USD 3.5 bn<\/a> to a new program addressing the impacts of melting glaciers during COP29. The US and Japan also recently agreed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac132237-a1bc-4a2c-ae84-79dbef0838bb\/\" style=\"\" rel=\"noopener\">underwrite risks<\/a> for ADB climate loans to support the bank in raising its climate lending by USD 7.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong>US <\/strong><strong>hits Southeast Asian solar panel producers with new tariffs: <\/strong>The US Commerce Department imposed dumping duties between 21% and 271% on solar imports from Southeast (SE) Asia based on preliminary findings that the components are sold below production costs in the US, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-decide-another-round-solar-panel-tariffs-2024-11-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The imports in question come from Cambodia, Malaysia, Thailand, and Vietnam, which together supply around 80% of US solar cells and modules. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Jinko Solar got duties of 21.31% and 56.5% for products manufactured in Malaysia and Vietnam. Trina Solar faces a dumping margin of 77.9% for products from Thailand and 54.5% for those imported from Vietnam. Hanwha Qcells' products from Malaysia presented no dumping margin and had the 14.72% duty imposed on the company earlier in October scrapped.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>American First Solar's shares jumped around 3.8% while JinkSolar US' dropped by up to 2.9%, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-29\/us-levies-more-duties-on-southeast-asian-solar-imports?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday. Foreign manufacturers and some smaller domestic renewable energy developers oppose the duties, arguing that the tariffs provide an unfair advantage to larger, established panel producers in the US, while raising the cost of solar power projects for consumers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The final decision on these duties is expected next April, and the rates could be adjusted based on the ongoing investigations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The US Commerce Department announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a6262f28-9d85-493e-9e8b-344f312a9197\/%253cmark%253e%253c%2Fmark%253etoday%253cmark%253e%253c%2Fmark%253e:%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eacwa%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eeyes%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eturkish%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egreen%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esector%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253elots%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etariff%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etalk%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">preliminary tariffs<\/a> on solar imports from Southeast Asia in October on the claim that the panels are benefiting from illegal foreign subsidies to supply products at prices lower than their cost. The general rates were 8.25% for Cambodia, 9.13% for Malaysia, 23.06% for Thailand, and 2.85% for Vietnam, while company-specific rates were at 14.72% on Hanwha Q Cells Malaysia imports, 3.47% on imports from JinkoSolar Malaysian entities, 0.14% for Trina Solar, and 2.85% for some JA Solar Technology operations in Vietnam.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Some Chinese SE Asia-based solar makers are already making moves to evade the tariffs by relocating to other countries, like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/23655b1e-54a3-446d-ab8f-fa9bd30e01bd\/emissions-put-developing-asia%25e2%2580%2599s-gdp-at-risk\" style=\"\" rel=\"noopener\">Indonesia, Laos, and as far as KSA<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ev-battery-recycling\/\">EV battery recycling<\/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\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88350\" 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\/12\/02\/88350\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88350\" class=\"content-area-description single-story post-88350 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;\">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>, 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>14-16 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;\">, Manama, Bahrain.  <\/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 <\/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;\">APRIL  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/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>14-15 April (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.karbonzirvesi.com\/\" style=\"\">Istanbul Carbon Summit<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>21-23 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabi.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation Summit (EVIS)<\/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 style=\"font-weight:700;\">MAY  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 May (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irenec.org\/eng\/\" style=\"\">International Renewable Energy Conference (IRENEC)<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey. <\/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 <\/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>Masdar finalizes Terna acquisition | ALJ-backed Rivian closes in on USD 6.6 bn loan for EV plant | A basket of updates from Egypt\u2019s EV sector<\/p>\n","protected":false},"featured_media":88331,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-88330","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0688aef0-b5a8-4e0d-95ec-f8d34b1ef4c9","teaser":"Masdar finalizes Terna acquisition 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