{"id":89228,"date":"2025-02-14T00:00:00","date_gmt":"2025-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=89228"},"modified":"2025-12-15T12:09:06","modified_gmt":"2025-12-15T12:09:06","slug":"saudis-ceer-and-egypts-infinity-make-an-ev-push","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-ceer-and-egypts-infinity-make-an-ev-push\/","title":{"rendered":"Saudi\u2019s Ceer and Egypt\u2019s Infinity make an EV push"},"content":{"rendered":"<section id=\"89230\" 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=\"89230\">\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\">THE WEEK IN REVIEW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/top-stories-saudis-ceer-and-egypts-infinity-make-an-ev-push-investment-updates-galore\/\">\r\n                            TOP STORIES: Saudi\u2019s Ceer and Egypt\u2019s Infinity make an EV push + investment updates galore                        <\/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\/2025\/02\/14\/top-stories-saudis-ceer-and-egypts-infinity-make-an-ev-push-investment-updates-galore\/\" 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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But first, an update on a major climate action deadline that most of the world missed\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD THIS WEEK- <\/strong><strong>Major<\/strong><strong> global polluters fumble climate February <\/strong><strong>deadline: <\/strong>The EU, China, and India have all missed the UN-mandated February deadline to submit their <a target=\"_blank\" href=\"https:\/\/unfccc.int\/process-and-meetings\/the-paris-agreement\/nationally-determined-contributions-ndcs\" style=\"\" rel=\"noopener\">Nationally Determined Contributions (NDCs)<\/a> to the United Nations Framework Convention on Climate Change (UNFCCC). The missed deadline is raising concerns that climate action may not be a top priority for some governments, despite USD 2 tn in global investments in clean energy and infrastructure last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are NDCs, again?<\/strong> An NDC is a five-year plan that signatories of the Paris Climate Accords are required to submit to the UNFCCC, outlining their efforts and plans to reduce emissions and mitigate climate change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who came through<\/strong><strong>? <\/strong>Other major economies, such as the UK, Japan, Brazil, and Canada, have all managed to meet the deadline, along with the US, although it is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b613dd95-6f53-4dfe-9d77-d0c0c111bf02\/the-us-elections-are-here.-what-will-the-outcome-mean-for-climate-policy%3F\" style=\"\" rel=\"noopener\">set to withdraw<\/a> from the agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK\u2019s plan stands out:<\/strong> The UK\u2019s submission is the only one that is set to conform to the Paris Accord\u2019s 1.5C warming target, with the country vowing to reduce its carbon emissions by 81% by 2035 compared to 1990 levels, Bloomberg reports, citing an analysis by Climate Action Tracker.<\/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 was the only nation in MENA \u2014 and the very first country \u2014 to submit its <\/strong><strong>NDCs<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/unfccc.int\/ndc-3.0\" style=\"\" rel=\"noopener\">UN\u2019s NDC<\/a><a target=\"_blank\" href=\"https:\/\/unfccc.int\/ndc-3.0\" style=\"\" rel=\"noopener\">registry<\/a>. The UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b51323a-5b76-4508-9d35-d5cdbaf8a55d\/uae-commits-to-cut-carbon-emissions-by-47%2525-by-2035\" style=\"\" rel=\"noopener\">pledged to cut emissions by 47% by 2035<\/a> in its early NDC plan submitted last November prior to COP 29.<\/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\/most-countries-miss-un-deadline-new-climate-targets-2025-02-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-11\/uk-s-climate-goals-buck-global-trend-as-trump-spurns-un-diplomacy?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/021e3888-859e-412d-a043-8a8162ee58b1\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/climate-change-warming-united-nations-plans-pollution-efe9a6bbb5177ab0230608ce641765bb\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/climate-environment\/2025\/02\/10\/climate-deadline-plan-failure\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/subscriber.politicopro.com\/article\/2025\/02\/few-nations-meet-un-deadline-climate-targets-00203428\" 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<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.egypes.com\/\" style=\"\" rel=\"noopener\">The<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypes.com\/\" style=\"\" rel=\"noopener\">Egypt Energy Show<\/a><\/strong><strong> will kick off on Monday, 17 February and run through to <\/strong><strong>Wednesday, 19 February <\/strong>in Cairo. The event will bring together over 47k attendees and will highlight Egypt\u2019s role in driving green energy transformation in the region under the theme \u201cBuilding a secure and sustainable energy future.\u201d Speakers include Egypt\u2019s Petroleum and Mineral Resources Minister Karim Badawi, Infinity Power CEO Mohamed Ismail Mansour, and Fertiglobe CEO Ahmed El Hoshy. <\/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\">WHAT WE\u2019RE TRACKING REGIONALLY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- <\/strong><strong>Infinity\u2019s <\/strong><strong>EV infrastructure numbers on the rise: <\/strong>Infinity has installed 200 EV charging stations with 700 charging points across 16 Egyptian governorates, according to a Thursday <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1393.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The company hopes to install 1k charging points by 4Q 2025, Managing Director of Infinity EV Division Shams Abdel Ghaffar said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infinity is on a roll: <\/strong>Infinity <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f8e1e7c1-0ac7-4008-82df-f832299fd1b0\/solar,-mining,-evs,-and-green-industry-updates-from-qatar,-morocco-and-egypt\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Egyptian real estate company MG Developments in August to install and operate EV charging stations in several of their developments. It also partnered with SIAC Assets & Facilities Management to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5c98b1bf-6e85-4f70-a5c5-ea4ef047060f\/%253cmark%253einfinity%253c%2Fmark%253e-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-project\" style=\"\" rel=\"noopener\">install and manage EV chargers<\/a> at their facilities in March and inked a similar agreement with Sodic. It is also working on a JV with EV charging product manufacturer Recharged to manufacture and sell home EV chargers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Branching out regionally:<\/strong> Infinity and <a target=\"_blank\" href=\"https:\/\/meholdingco.com\/\" style=\"\" rel=\"noopener\">Middle East Holding Company (MEH)<\/a> launched a new JV, Infinity Jordan, to build over 1k charging points across the country by 2030 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/167dc353-7f85-4837-81bc-df86ea8ca648\" style=\"\" rel=\"noopener\">back in December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM INFINITY- <\/strong><strong>Egypt has allocated 20 sq km of land for Masdar, Hassan Allam Utilities, and <\/strong><strong>Infinity Power\u2019s 900 MW solar plant<\/strong><strong> in the Al-Wahat region<\/strong>, a source at Hassan Allam Utilities confirmed to EnterpriseAM. The land is part of some 10k sq km the Egyptian New and Renewable Energy Authority has allocated for renewables projects in the New Valley Governorate. The news was first picked up by <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/02\/09\/%D9%85%D8%B5%D8%B1-%D8%AA%D9%8F%D8%AE%D8%B5%D8%B5-20-%D9%83%D9%8A%D9%84%D9%88-%D9%85%D8%AA%D8%B1-%D9%85%D8%B1%D8%A8%D8%B9%D8%A9-%D9%84%D8%A7%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%AD%D8%B7%D8%A9-%D8%B4%D9%85%D8%B3%D9%8A%D8%A9-900-%D9%85%D9%8A%D8%BA%D8%A7%D9%88%D8%A7%D8%B7-%D9%81%D9%8A-%D8%A7%D9%84%D9%88%D8%A7%D8%AD%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> on Sunday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The country approved <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/82d77dde-d354-48fa-ba5d-d178f72d7d18\/\" style=\"\" rel=\"noopener\">power purchase agreements<\/a> for the plant \u2014 along with the 300 MW Benban solar farm and 720 MWh of battery storage\u2014 with the consortium in November. Both projects are expected to begin trial operations in 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER <\/strong><strong>UPDATES FROM EGYPT- <\/strong><strong>Sc<\/strong><strong>a<\/strong><strong>tec\u2019s<\/strong><strong> 1 GW solar power plant at <\/strong><strong>EgyptAlum\u2019s Nagaa Hammadi industrial complex will cost some USD 750 mn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/17HEevcXzh\/?mibextid=wwXIfr\" style=\"\" rel=\"noopener\">statement<\/a> published Tuesday. The project will be developed over two phases, each with a 500 MW capacity. The first phase could become online as early as this summer, according to the timeline given by the government when the agreement was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4af99887-051c-48c9-b8f8-7af8291db914\" style=\"\" rel=\"noopener\">signed back in February 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will help the company reduce its emissions, a move that is essential to <\/strong><strong>sustain its access to EU markets <\/strong>as the bloc advances its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4c9852ec-05f7-489e-bff8-aa411781b61f\/today:-masdar-snaps-up-70%2525-of-greece%25e2%2580%2599s-terna-%2B-rivian-closes-in-on-6.6-bn-federal-loan-to-build-ev-plant\" style=\"\" rel=\"noopener\">CO2 border tax (CBAM)<\/a> that would require firms exporting steel, cement, aluminum, electricity, fertilizers, and hydrogen into the EU to report 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- The CBAM will have a big impact on the Egyptian aluminum industry: <\/strong>The EU is Egypt\u2019s largest trading partner, accounting for 31.1% of the country\u2019s exports in the 2022-2023 fiscal year, and the country\u2019s EU-bound exports of aluminum accounted for 79% of Egypt\u2019s total aluminum exports in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>AND- <\/strong><strong>Egypt <\/strong><strong>close to bagging EU financing for renewable grid connection: <\/strong>The Egyptian government is finalizing negotiations for over a EUR 200 mn financing from the EU and the European Bank of Reconstruction and Development to develop a 198 km power transmission line connecting Gabal El-Zeit wind farm to the grid, a senior government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/70292\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%B9%D9%84%D9%89-200-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%8A%D9%88%D8%B1%D9%88-%D9%85%D9%86-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D8%A7-%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%AE%D8%B7-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> on Thursday. The funds will include a EUR 165 mn loan and a EUR 35 mn grant, and the project\u2019s development could take up to a year to finish.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of an expansion plan: <\/strong>Egypt\u2019s New and Renewable Energy Authority received government approval to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e3ed2027-cdd1-42e0-b0cd-8dcc7a828f9f\" style=\"\" rel=\"noopener\">252 MW wind power extension<\/a> for the Gabal El Zeit wind farm last month. The energy produced from the project will be fed into the national grid.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM EGYPT-<\/strong> <strong>Egyptian-based agriculture, <\/strong><strong>construction<\/strong><strong>, and mining machinery <\/strong><strong>manufacturer<\/strong><strong> Go <\/strong><strong>Green <\/strong><strong>is planning to sell carbon credits to Europe by 2027<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=09022025&id=313a3a72-129a-4142-bf3c-0a4553fd78e2\" style=\"\" rel=\"noopener\">Shorouk News<\/a> reported on Sunday, citing remarks by the company\u2019s Managing Director Hossam Abdelkader. The company is currently working with Gold Standard Bank to conduct studies on the volume of carbon emissions reduction certificates it can issue. The announcement was made at the EGX, marking the start of trading on Go Green\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9db06205-8e5d-41de-a3ab-33dd962cc8ad\/\" style=\"\" rel=\"noopener\">newly issued shares<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Volar<\/strong><strong> Air to build eSTOL in UAE: <\/strong>Hong Kong\u2019s <a target=\"_blank\" href=\"https:\/\/www.volarairmobility.com\/\" style=\"\" rel=\"noopener\">Volar Air Mobility<\/a> is eyeing the manufacturing of RX4E \u2014 an electric short take-off and landing (eSTOL) aircraft \u2014 in Abu Dhabi for export and local market use, chairman Hooi Hing Lee told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/aviation\/2025\/02\/12\/volar-electric-aircraft\/\" style=\"\" rel=\"noopener\">The National<\/a> on Wednesday. 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>ICYMI-<\/strong>Volar signed an MoU with the China-UAE Industrial Capacity Cooperation Demonstration Zone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1b77929c-bf05-499a-9a54-65a5d41db1ba\/mashreq-%2B-landmark-retail-ink-sustainable-loan-agreement\" style=\"\" rel=\"noopener\">in November<\/a> to explore the development of a comprehensive green aviation ecosystem in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE FROM UAE- <\/strong><strong>Dubai\u2019s Roads<\/strong><strong> and Transport Authority (RTA) will complete technical stud<\/strong><strong>ies for <\/strong><strong>its solar-powered Railbus system within two years, <\/strong>according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/x.com\/DXBMediaOffice\/status\/1889020637852692483\" style=\"\" rel=\"noopener\">statement on X<\/a> published on Monday. The solar-powered network, designed to complement the metro and tram, aims to be 20-30% cheaper than its global counterparts, with capsule-like vehicles holding 40 passengers each.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Each Railbus vehicle will use 3D-printed recyclable materials and the tracks are set to be covered in solar panels. The system targets first- and last-mile transit gaps in residential areas, linking to metro stations, RTA CEO Abdul Muhsen Ibrahim Kalbat told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2025\/02\/11\/dubai-railbus-testing\/\" style=\"\" rel=\"noopener\">The National<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What's next?<\/strong> After the studies are completed, a feasibility study will be implemented to explore the best pilot routes and areas to launch the transport network, Kalbat added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>SPPC<\/strong><strong> in<\/strong><strong>vites bids for 8 GWh BESS projects:<\/strong> The Saudi Power Procurement Company (SPPC) has issued a Request for Proposals to qualified bidders for 2 GWh Battery Energy Storage System (BESS) projects, the first group of its 8 GWh developments, <a target=\"_blank\" href=\"http:\/\/80.241.146.114\/ta\/news\/OGN_430846.html\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reported on Wednesday. The deadline for submissions is 2 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong>SPPC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/283614e7-92f9-427f-9eaf-ca4da37303cd\" style=\"\" rel=\"noopener\">prequalified 33 companies<\/a> last December for the project, which includes four segments, each with a capacity of 2 GWh \u2014 Al Muwyah and Haden in Makkah, Al Khushaybi in Qassim, and Al Kahafa in Hail. The projects will operate under a build-own-operate model, with the selected bidders retaining full ownership through a special purpose vehicle (SPV). Each SPV will be granted a 15-year Storage Service Agreement with SPPC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- <\/strong><strong>Morocc<\/strong><strong>o advances 3 GW interconnection project:<\/strong> Morocco\u2019s National Office of Electricity and Drinking Water (ONEE) has reportedly tapped local engineering firm Geo Aman to conduct topographical surveys for its 3 GW power transmission line connecting Marrakech to the Western Sahara\u2019s Dakhla for some MAD 5.4 mn, Morocco-based <a target=\"_blank\" href=\"https:\/\/24saa.com\/%D8%A7%D8%AE%D8%AA%D9%8A%D8%A7%D8%B1-%D8%B4%D8%B1%D9%83%D8%A9-%D9%85%D8%BA%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%B7\/\" style=\"\" rel=\"noopener\">24saa<\/a> reported on Thursday. The 1.1 km project is being implemented in two phases, with the first reportedly spanning 600 km from Wadi Lakraan to Tantan at MAD 3 mn and the second covering the remaining 500 km to Marrakech at a cost of MAD 2.4 mn, with a launch date set for 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>ONEE reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6deb6156-9d17-42cf-8950-7b1967d58a2d\/\" style=\"\" rel=\"noopener\">initiated the review process<\/a> for applications for the high-voltage 3 GW power cable project last November. The bidders included the US-based GE Vernova, Germany\u2019s Siemens Energy, Power China, China\u2019s TBEA, and India\u2019s Larsen & Toubro.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER INTERCONNECTION UPDATES- <\/strong><strong>Phase two of Egypt-Saudi interconnection is set for November: <\/strong>The second phase of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/81d13a3c-e79f-4ff1-93a2-19049c1eb8c7\/\" style=\"\" rel=\"noopener\">Egypt-Saudi electricity interconnection project<\/a> is on track for completion by November 2025, allowing the exchange of 3 GW, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a1-%d9%8a%d9%83%d8%b4%d9%81-%d8%aa%d8%b7%d9%88%d8%b1%d8%a7%d8%aa-%d9%85%d8%b4%d8%b1%d9%88%d8%b9%d8%a7%d8%aa-%d8%aa%d8%b5%d8%af\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reported on Saturday, citing comments made by Egyptian Electricity Minister Mahmoud Esmat at a press conference. The first phase \u2014 with an exchange capacity of 1.5 \u2014 is set to launch in June and has already surpassed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7bd5b513-6fd3-4e90-af48-43c0c4fadafb\/\" style=\"\" rel=\"noopener\">70% of completion<\/a> as of last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is big on interconnection projects: <\/strong>Egypt and Greece are currently working on advancing their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/acbecd89-aadc-4844-85cd-b94743e29330\" style=\"\" rel=\"noopener\">3 GW Egypt-Greece interconnection project<\/a>, with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/96956751-72d5-4252-a8f0-c3b633de041c\/\" style=\"\" rel=\"noopener\">EUR 20 mn loan from the EU to fund feasibility studies<\/a> reportedly being negotiated. The country is also working on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9504e8dd-b6bb-4064-967f-1dec568106fe\" style=\"\" rel=\"noopener\">potential interconnection with Italy<\/a>. Egypt currently exports electricity to Jordan, Libya, and Sudan, with studies underway to enhance electricity links with both the Levant and Arabian Maghreb, further integrating Egypt into regional power networks. <\/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\">WHAT WE\u2019RE TRACKING GLOBALLY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Brookfie<\/strong><strong>ld<\/strong><strong> eyes sustainable energy firms for acquisition:<\/strong> Canada-based investment firm Brookfield \u2014 which oversees USD 126 bn in renewable and low-carbon investments \u2014 is actively scouting for major publicly traded sustainable energy (solar and wind) firms to acquire, Brookfield\u2019s president Connor Teskey told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/79bf91a3-5450-46cd-8aff-748c6d40ff44\" style=\"\" rel=\"noopener\">Financial Times<\/a> on Wednesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reasoning:<\/strong> Teskey pointed to surging US electricity demand from data centers, arguing that the shift would sustain long-term demand for all types of energy sources, including clean energy, despite US President Donald Trump move to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7bd5b513-6fd3-4e90-af48-43c0c4fadafb\" style=\"\" rel=\"noopener\">pull the plug<\/a> on climate policy last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm raised USD 3.5 bn for its second energy transition fund, <\/strong>as part of its 4Q record fundraising of USD 29 bn in a funding round that is set to close by mid-year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>China<\/strong><strong> is set to list its inaugural <\/strong><strong>CNY<\/strong><strong>-denominated sovereign green bond in <\/strong><strong>London by the end of the year<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-10\/china-s-green-bond-debut-is-chance-to-capitalize-on-us-retreat?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Tuesday. No details have been shared yet, but portfolio manager at Azimut Investment Management Kuan Weng Pang expects the issuance size to be at least USD 3 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The issuance will redraw attention to China, whose issuance plummeted in 2024, and \u201cburnish its [green] credentials even more,\u201d research lead for sustainable finance in Asia at the Institute for Energy Economics and Financial Analysis Ramnath Iyer said. China\u2019s issuance of green bonds \u2014 by both public and private sectors \u2014 is currently second in the world at USD 540 bn, but only 1% of sales came from overseas investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>BYD<\/strong><strong> to <\/strong><strong>form credit<\/strong><strong> pool to avoid EU fines: <\/strong>BYD is holding talks to set up a carbon credit pool with European carmakers looking to avoid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ed72a943-b589-4695-affa-cbe541378ea4\" style=\"\" rel=\"noopener\">E<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ed72a943-b589-4695-affa-cbe541378ea4\" style=\"\" rel=\"noopener\">U fines<\/a> on emissions, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/chinas-byd-advanced-talks-form-pool-europe-over-carbon-credits-2025-02-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Monday, citing comments made by BYD special adviser Alfredo Altavilla. BYD would sell the automakers carbon credits. No further details were added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Two major <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/560b3ed6-bf13-4ae7-ae20-6cbf170302d1\/top-stories:-korea%25e2%2580%2599s-lupro-heads-to-oman-for-green-ammonia-exports-%2B-amea-lands-two-bess-projects-in-africa\" style=\"\" rel=\"noopener\">emissions pools<\/a> emerged earlier this year as automakers scramble to meet the EU\u2019s strict 2025 emissions rules in a bid to evade possible fines of up to EUR 15 bn. The first Tesla-led pool will see Stellantis, Toyota, Ford, Mazda, and Subaru buy carbon credits from the fully electric Tesla, while another pool led by Mercedes will see Polestar, Volvo Cars, and Smart are looking to sell their emission credits to Mercedes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The EU is planning to launch its critical resources purchasing platform next September, <\/strong>starting with hydrogen before adding critical minerals, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/eu-set-launch-joint-buying-hydrogen-september-2025-02-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing three anonymous sources. The second phase will see the purchase of critical minerals, possibly launching in 3Q, before gas purchases are made at an undetermined time. PwC and Slovak software company Sf\u00e9ra were tapped <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/58805b0c-b9bd-4578-93cc-0cafacf67771\/australia-to-invest-aud-bns-in-energy-transition\" style=\"\" rel=\"noopener\">in January<\/a> to develop the EUR 9 mn platform, which aims to pool orders to give each buyer access to better purchases to support the green transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The concept isn\u2019t new: <\/strong>The platform was inspired by an existing pooling mechanism for natural gas purchases named AggregateEU \u2014 where member states are required to contribute a certain volume \u2014 but will instead be voluntary. Each transaction will be reported without disclosing the prices. \u201cWe do not plan to step in and replace the markets,\u201d one of the sources said. \u201cWe are trying to be the interface, providing a tool that would actually support the market.\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\">THE SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he<\/strong><strong> MENA<\/strong><strong> region is targeting 236 GW of installed renewable energy capacity by <\/strong><strong>2030<\/strong>, according to Dubai-based think tank Dii\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/857.pdf\" style=\"\" rel=\"noopener\">MENA energy outlook 2025 report (pdf)<\/a>. Capacity reached 30.3 GW by the end of 2024 \u2014 more than double 2020\u2019s 13.8 GW \u2014 with the UAE leading (with 6.3 GW), followed by Egypt (4.6 GW), KSA (4.5 GW), Morocco (3 GW), Jordan (2.6 GW), Oman (736 MW), Tunisia (669 MW), and Algeria (423 MW). Despite the rapid growth, current and planned installations still fall far short of the 2030 target, requiring acceleration in renewable deployment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hydrogen ambitions are similarly reliant on scaling up renewables<\/strong>, as the region aims to produce nearly 10 mn tonnes per annum of hydrogen by 2030, with KSA leading (at 4 mn), followed by Egypt (1.5 mn), the UAE (1.4 mn), Oman (1-1.25 mn), Jordan (500k), Morocco (400k), and Tunisia (320k). More than 110 projects have been announced, requiring over 450 GW of renewable energy. Meeting the 10 mn target will require an additional 128 GW in renewable capacity. Green hydrogen accounts for 90% of the 117 hydrogen projects announced, while the remainder is split between blue hydrogen and yellow hydrogen, which utilizes waste as feedstock. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>GCC<\/strong><strong> ramping up investments could give a boost:<\/strong> Gulf nations plan to invest USD 100 bn in renewable energy by 2030, aiming to cut emissions by 20%, <a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2025\/02\/08\/gcc-nations-to-invest-100bn-in-renewable-energy-by-2030\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a> reported on Monday, citing an announcement made at the 43rd meeting on Future Climate Change Management & Economic Development in the Gulf states. Gulf countries are vulnerable to climate risks, with temperatures potentially increasing by up to 2.5\u00b0C by the end of the century, exacerbating acute climate challenges like droughts and dust storms. <\/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 on Fridays 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" 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=\"\" rel=\"noopener\">Oman Climate Week<\/a><\/strong><strong> will begin on Monday, 24 February and run through to Thursday, 27 <\/strong><strong>February <\/strong>in Muscat. The event will facilitate a dialogue on how Oman can align with the Paris Agreement and the goal to reach net zero emissions. Topics of interest include Climate Mitigation, Climate Adaptation, Climate Finance, Carbon Markets, Climate Technologies, Loss & Damage, and Social Inclusion. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.connectinghydrogenmena.com\/\" style=\"\" rel=\"noopener\">Connecting Hydrogen MENA<\/a><\/strong><strong> from Monday, 24 February to Wednesday, 26 February <\/strong> in Dubai. The event will be the largest hydrogen event in the region and will bring together over 3k attendees from over 50 countries to discuss collaboration in the sector along with ammonia, manufacturing, and transport. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.carboncapturemena.com\/\" style=\"\" rel=\"noopener\">Carbon Capture MENA Summit<\/a><\/strong><strong> will run from Tuesday, 25 February to Wednesday, 26 <\/strong><strong>February <\/strong>in Dubai. The event will tackle net zero goals and emissions through the lens of decarbonisation, with 450 attendees slated to discuss the carbon capture, utilization, and storage value chain.<\/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\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n          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href=\"https:\/\/enterpriseam.com\/climate\/tag\/infinity\/\">Infinity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/interconnector-projects\/\">interconnector projects<\/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\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/the-week-in-review\/\">THE WEEK IN REVIEW<\/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=\"89232\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89233\" 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=\"89233\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/\">\r\n                            Ceer signs agreements worth SAR 5.5 bn                        <\/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\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/\" 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\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/')\">\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\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/\">\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=Ceer signs agreements worth SAR 5.5 bn&url=https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/\">\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\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/&title=Ceer signs agreements worth SAR 5.5 bn\">\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=Ceer+signs+agreements+worth+SAR+5.5+bn+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F02%2F14%2Fceer-signs-agreements-worth-sar-5-5-bn%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\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1370.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89234\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/ceer-signs-agreements-worth-sar-5-5-bn\/1370-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1370.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1370.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1370.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1370.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89233\" class=\"content-area-description single-story post-89233 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-ceer tag-egypt tag-electric-vehicles tag-enterpriseclimate tag-evs tag-infinity tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.eed233a1-4c17-4980-b10a-948af24dadfa.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Ceer<\/strong> <strong>inks <\/strong><strong>11 supply partnership agreements worth SAR bns: <\/strong>Saudi Arabia\u2019s first electric vehicle brand <a target=\"_blank\" href=\"https:\/\/t.co\/zQQ4eEbCYv\" style=\"\" rel=\"noopener\">Ceer<\/a> has signed 11 agreements worth SAR 5.5 bn (USD 1.5 bn) at the PIF Public Sector Forum with mostly Saudi companies as part of a localization strategy, according to a <a target=\"_blank\" href=\"https:\/\/ceermotors.com\/ceer-signs-sar-5-5-billion-agreements-over-80-with-saudi-companies-to-supply-ceer-with-vehicle-components-and-charging-equipment\/\" style=\"\" rel=\"noopener\">press release<\/a> from Wednesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What <\/strong><strong>we know:<\/strong> Ceer will source HVAC systems from Zamil Central Air Conditioners, plastic injected parts from Zamil Plastic Industrial Company, and alloy wheels from Obeikan Glass Company and Abdul Latif Jameel Enterprises. Other supply agreements include portable EV chargers from Saudi Company for Controls and Maintenance, blow parts from Arabian Plastic Industrial, small stampings from First Telecom Industries, and aluminum casting from Saudi Aluminum Casting Company. Ceer will also localize aluminum forged parts with CTR. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A push for localization: <\/strong>Ceer is hoping to design, engineer, manufacture, and sell some of Saudi Arabia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf85c875-6540-4e80-b33d-b60825276545\/%253cmark%253eceer%253c%2Fmark%253e-awards-construction-contract-for-ev-complex-%2B-establishes-a-timeline-to-launch\" style=\"\" rel=\"noopener\">first EVs<\/a> by 2026, and it awarded a SAR 5 bn (USD 1.3 bn) construction contract for its plant to local contractor Modern Building Leaders. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/efb20599-9008-41b6-a02c-3fe64b9f2157\" style=\"\" rel=\"noopener\">partnered<\/a> with Saudi EV infrastructure firm EVIQ last October to install and expand the country\u2019s EV charging infrastructure. Ceer is looking to source over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6bebcb5f-505a-4724-afaf-e755b8b1b595\/spain%25e2%2580%2599s-pvh-launches-new-solar-tracking-system\" style=\"\" rel=\"noopener\">40% of its raw materials locally<\/a> during its initial stage of operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other partnerships in play:<\/strong> Strategic partners include Foxconn, BMW, Siemens, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/94b804b2-18f3-42c3-9115-ee053d67fc84\/a1rwater-%2B-public-park-cooperate-on-eco-friendly-drinking-water\" style=\"\" rel=\"noopener\">Rimac<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0fd758d2-b30f-4961-afed-125c03938942\" style=\"\" rel=\"noopener\">Hyundai Transys<\/a>, Sabelt, King Salman Automotive Cluster, Schuler, and D\u00fcrr, while partnerships targeting localization were signed with Lear, Forvia, Shinyoung, Benteler, JVIS, and Pirelli. <\/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\"> EV CHARGING UPDATES FROM SAUDI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eviq<\/strong><strong> + Riyadh <\/strong><strong>Development to expand EV charging network in Saudi:<\/strong> The Electric Vehicle Infrastructure Company (Eviq) \u2014 a JV between the PIF and Saudi Electric Company \u2014 has inked an MoU with Riyadh Development Company to develop EV charging stations across the latter\u2019s properties in Riyadh, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eviq-and-riyadh-development-company-partner-to-enhance-charging-infrastructure-for-electric-vehicles-in-the-kingdom-u66y41hk\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. Eviq \u2014 which opened its first fast EV charging stations in Riyadh last year \u2014 plans to set up over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3474d789-3213-421d-b06f-9220d28d40e2\" style=\"\" rel=\"noopener\">5k fast chargers<\/a> in some 1k locations across Saudi cities by 2030.<\/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\/ceer\/\">Ceer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/infinity\/\">Infinity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89235\" 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=\"89235\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/\">\r\n                            Saudi to develop 1.5 GW renewables powered data center in the Oxagon                        <\/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\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/\" 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\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/')\">\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\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/\">\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=Saudi to develop 1.5 GW renewables powered data center in the Oxagon&url=https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/\">\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\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/&title=Saudi to develop 1.5 GW renewables powered data center in the Oxagon\">\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=Saudi+to+develop+1.5+GW+renewables+powered+data+center+in+the+Oxagon+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F02%2F14%2Fsaudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon%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\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1367.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89236\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/saudi-to-develop-1-5-gw-renewables-powered-data-center-in-the-oxagon\/1367-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1367.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1367.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1367.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1367.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89235\" class=\"content-area-description single-story post-89235 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseclimate tag-evtol tag-gcc tag-green-fuel tag-interconnector-projects tag-investment-watch tag-morocco tag-neom tag-oman tag-saudi-arabia tag-solar-energy tag-sustainable-aviation-fuels tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.268f60a5-6aa0-465d-8448-4e5669a12769.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/data-volt.com\/\" style=\"\" rel=\"noopener\">DataVolt<\/a><\/strong><strong> signed an agreement with Neom to develop a renewable <\/strong><strong>energy-powered 1.5 GW data center in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/regions\/oxagon\" style=\"\" rel=\"noopener\">Oxagon<\/a><\/strong><strong> industrial complex<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/datavolt-signs-agreement-with-neom\" style=\"\" rel=\"noopener\">statement<\/a> published on Monday. An initial investment of some USD 5 bn is earmarked for the first phase, which is set to begin operations by 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The project \u2014 expected to be fully powered by renewables \u2014 plans to deploy energy-efficient computing architectures and zero-emission cooling technologies, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound familiar? <\/strong>DataVolt said last year it plans to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/088fbccd-b9eb-49a1-9765-3a36ab86a88f\/today:-masdar,-edf-reaches-financial-close-for-amaala-project-%2B-cop16-ends-with-no-deal-on-finances\" style=\"\" rel=\"noopener\">USD 5 bn<\/a> in the sustainable data center sector in Saudi Arabia. A project with a USD 3.5 bn ticket was reportedly slated to begin development in 2Q 2025 and receive foreign investment via partnerships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DataVolt\u2019s global green plans: <\/strong>The Saudi-based tech company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/48d68175-288b-4dd8-aa46-92f4f0f6f586\/danone-egypt-partners-up-with-shift-ev-to-add-electro-fitted-technology-into-its-fleet\" style=\"\" rel=\"noopener\">agreed to develop up to<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/48d68175-288b-4dd8-aa46-92f4f0f6f586\/danone-egypt-partners-up-with-shift-ev-to-add-electro-fitted-technology-into-its-fleet\" style=\"\" rel=\"noopener\">500 MW of green data centers<\/a> in Uzbekistan last year. <\/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\">OTHER INVESTMENT WATCH UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Mubadala-backed eVTOL manufacturer Archer Aviation has raised USD 300 mn in a <\/strong><strong>funding round from BlackRock-managed funds<\/strong>, bringing its total liquidity to USD 1 bn, according to a company <a target=\"_blank\" href=\"https:\/\/www.investors.archer.com\/news\/news-details\/2025\/Archer-Raises-300M-From-Leading-Institutional-Investors-To-Accelerate-Hybrid-Aircraft-Platform-Development-As-Defense-Opportunities-Look-Stronger-Than-Expected\/default.aspx\" style=\"\" rel=\"noopener\">press release<\/a> published on Tuesday. The company will use the capital to invest in composites and batteries and expects it to help support the development of its hybrid aircraft platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Archer has strong regional backing:<\/strong> International Holding Company\u2019s investment subsidiary 2PointZero participated in Archer\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/61aa0f86-7371-444d-a48e-3153151fd059\/2pointzero-bags-a-slice-of%253cmark%253e-archer%253c%2Fmark%253e%25e2%2580%2599s-equity-offering\" style=\"\" rel=\"noopener\">USD 430 mn funding round<\/a> in December, along with returning investors United Airlines and Stellantis and new investors Wellington Management and Anduril. The company also raised some <a target=\"_blank\" href=\"https:\/\/www.investors.archer.com\/news\/news-details\/2023\/Archer--Abu-Dhabi-Investment-Office-Announce-Plan-to-Launch-Archers-All-Electric-Air-Taxi-Service-Across-the-UAE\/default.aspx\" style=\"\" rel=\"noopener\">USD 1.1 bn<\/a> from Mubadala Capital, United Airlines, Stellantis, and Boeing in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Archer is launching Abu Dhabi operations this year: <\/strong>The US-based company is \u201cready to launch\u201d its midnight electric air taxis in Abu Dhabi this year between Zayed International Airport and central Abu Dhabi, Founder and CEO of Archer Adam Goldstein told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2025\/02\/09\/archer-aviation-looks-to-be-first-in-air-in-uae-with-abu-dhabis-flying-taxis\/\" style=\"\" rel=\"noopener\">The National<\/a> on the sidelines of <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/\" style=\"\" rel=\"noopener\">World Economic Forum<\/a> in Davos. The midnight eVTOL, which has four passenger seats plus a pilot, is designed for short, urban trips and to cut down travel time from 30 minutes to just six or seven minutes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan: <\/strong>The company intends to integrate its operations with existing helicopter flight paths and air traffic control systems rather than creating an entirely new system. Archer plans to scale up gradually, starting with a limited number of aircraft in early phases. The company is still awaiting regulatory approval, but it has already formed partnerships with some UAE entities including Etihad and Mubadala.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong> Archer Aviation inked an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/887887c4-a7ee-4d3a-9a38-dd6276b7880b\/egypt-signs-3-year-waste-collection-agreement-%2B-falcon-and%253cmark%253e-archer-%253c%2Fmark%253epartner-on-uae-evtol-vertiport-network\" style=\"\" rel=\"noopener\">agreement<\/a> with Abu Dhabi-headquartered aviation services provider <a target=\"_blank\" href=\"https:\/\/falcongroup.ae\/\" style=\"\" rel=\"noopener\">Falcon Aviation<\/a> to develop a vertiport network across Dubai and Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Zurich-based <\/strong><strong><a target=\"_blank\" href=\"http:\/\/synhelion\" style=\"\" rel=\"noopener\">Synhelion<\/a><\/strong><strong> is looking to establish a USD 1 bn solar-powered <\/strong><strong>synthetic fuel <\/strong><strong>project in Morocco for USD 1 bn,<\/strong> the company\u2019s CEO and co-founder Gianluca Ambrosetti told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/69786\/%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D9%88%D9%8A%D8%B3%D8%B1%D9%8A%D8%A9-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%88%D9%82%D9%88%D8%AF-%D8%B4%D9%85%D8%B3%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D8%A8%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> on Sunday. The project is expected to produce 100k tons of fuel annually and be funded by a combination of banking facilities and share sale proceeds, with the possibility of pursuing sovereign loans. No timeline was disclosed for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the tech:<\/strong> Synhelion uses <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/gas-to-liquid-technology#:~:text=%2Dliquid%20(GTL)-,GTL%20technology%20is%20a%20chemical%20process%20that%20converts%20methane%20gas,has%20involved%20more%20technical%20risks.\" style=\"\" rel=\"noopener\">previously studied<\/a> gas-to-liquid technology, where it heats up synthetic gas or \u2018syngas\u2019 \u2014 a mixture of hydrogen and carbon monoxide \u2014 via heliostats that convert solar energy to heat. The syngas mixture is converted to synthetic liquid fuels within a <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S1364032114008120\" style=\"\" rel=\"noopener\">thermochemical reactor<\/a> under extreme heat, according to Synhelion\u2019s <a target=\"_blank\" href=\"https:\/\/synhelion.com\/technology\/solar-fuel-technology\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Synhelion: <\/strong>The Swiss firm specializes in the \u2018sun-to-liquid\u2019 method of using solar energy to yield sustainable fuels, namely: synthetic aviation fuels (SAFs), diesel, and gasoline. Synhelion implements reverse combustion where it can \u201crecombine water vapor and CO2 into hydrocarbon fuels.\u201d It aims to produce synthetic fuel for USD 1 per liter and become on par with leading fuels, Ambrosetti said. Synhelion <a target=\"_blank\" href=\"https:\/\/synhelion.com\/our-plants\/plant-dawn\" style=\"\" rel=\"noopener\">inaugurated<\/a> its Germany-based solar fuel plant industrial-scale solar fuel plant and <a target=\"_blank\" href=\"https:\/\/www.lufthansagroup.com\/en\/news\/2022\/swiss-to-be-the-worlds-first-airline-to-use-synhelion-solar-fuel.html\" style=\"\" rel=\"noopener\">partnered with Lufthansa<\/a> to provide SAF last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>GCCIA <\/strong><strong>+ <\/strong><strong>QDF <\/strong><strong>sign USD 100 mn interconnection agreement: <\/strong>The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Development Fund have signed a USD 100 mn financing agreement to develop a direct grid connection project between the GCCIA network and Oman, <a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/en\/80\/show\/120957\/ona\" style=\"\" rel=\"noopener\">Oman News Agency<\/a> reported on Thursday. The total cost of the project is set to exceed USD 700 mn, and construction will begin in the second half of 2025, with commission planned for the first half of 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the interconnection: <\/strong>The partnership will construct two 530 km long 400 kV overhead transmission lines between the GCCIA\u2019s Al Sila station in the UAE to Oman\u2019s Ibri facility \u2014 which is being built by the council \u2014 as well as two 400 kV substations in Ibri and UAE\u2019s Al Baynunah. There will also be a dynamic compensator station to ensure grid stability and increase transmission capacity, which is expected to be 1.7 GW with a net transfer capacity of 1.2 GW. <\/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>Oman\u2019s Power and Water Procurement Company (Nama) completed an evaluation study for the project in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f9524e79-7d2a-45f7-9bc4-371a2230fe1a\/oman-uae-saudi-arabia-electrical-interconnection-moves-to-planning-phase\" style=\"\" rel=\"noopener\">August 2023<\/a>. The price tag 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>#4- <\/strong><strong>Oman<\/strong><strong> seeks investments in agri-solar <\/strong><strong>project<\/strong><strong>: <\/strong>The Omani government\u2019s investment arm Invest Oman is opening up a new OMR 61.5 mn (c. USD 159.7 mn) agri-solar project to investments, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/investinom_investoman-aepaebaesaetaetaezabraepaeyabraehafdaetaepaeu-activity-7295022760756469761-6SfJ?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFCC1R4B8bJ2XP1yuuTfhZswiTjG6MgJX3k\" style=\"\" rel=\"noopener\">statement<\/a> from Tuesday. The solar power generation capacity was not disclosed.<\/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 commercial-scale agri-solar project will be located on a plot of 300 acres and use aquaponics technology supplied by Singaporean agriculture solutions firm V-Plus Agritech. The project is reportedly designed as an agri-solar park where arable land can be cultivated from under or next to solar panels to optimize land usage through a process called agri-voltaics, <a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1166198\/business\/energy\/investment-sought-for-omans-first-agri-solar-project\" style=\"\" rel=\"noopener\">Oman Daily Observer<\/a> reported. <\/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\/evtol\/\">EVTOL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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-->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89237\" 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=\"89237\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/egypts-semadco-to-set-up-renewables-projects-to-feed-its-ammonia-plant\/\">\r\n                            Egypt\u2019s Semadco to set up renewables projects to feed its ammonia plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Semadco <\/strong><strong>is one step closer to bringing its Suez green ammonia factory to life:<\/strong> State-owned El Nasr for Fertilizers & Chemical Industries (Semadco) has reportedly requested a plot of land from the Egyptian Electricity Ministry to set up a wind and solar power farms with a combined capacity of 500 MW to power its planned green ammonia factory in Suez, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d9%86%d8%b5%d8%b1-%d9%84%d9%84%d8%a3%d8%b3%d9%85%d8%af%d8%a9-%d8%aa%d8%b7%d9%84%d8%a8-%d9%85%d9%86-%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a1-%d9%82%d8%b7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reported on Wednesday, citing sources it said have knowledge of the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What <\/strong><strong>we know: <\/strong>The green ammonia project \u2014 reported to be a co-development with Benchmark Power International \u2014 will be built on 470k sqm land under a usufruct agreement, with a production capacity of 1k tons of green ammonia daily, the sources told Al Mal. The project will also include a 9.5 km pipeline linking the plant to Adabiya port to facilitate exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What might be next? <\/strong>The ministry is expected to allocate land for the wind farm before year-end. No other timeline details were made available. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There have been some investment ticket discrepancies: <\/strong>The total investment ticket of the project was initially reported to reach <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52fe1e88-c0ff-4c30-be3f-fd1c6de1dc4b\/\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> in December 2023, with unconfirmed reports about the US Export and Import Bank making an initial approval for a USD 847 mn loan for the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Semadco reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64378590-0cea-4854-a695-5ddf90725f7c\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Benchmark Power International for the project in 2019. The plant will have a production capacity of 1k tons of green ammonia daily, according to a Cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0BreEzPDmJAUG3pboua1AqNb9ur5udnzrvaxeAiuJJKmGcTkhTFH4aibesHS5X3Vkl\" style=\"\" rel=\"noopener\">statement<\/a> published in December 2023.<\/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\/green-ammonia\/\">GREEN AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"89239\" 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=\"89239\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/saudi-electricity-company-raises-usd-1-25-bn-in-green-sukuks\/\">\r\n                            Saudi Electricity Company raises USD 1.25 bn in green sukuks                        <\/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\/2025\/02\/14\/saudi-electricity-company-raises-usd-1-25-bn-in-green-sukuks\/\" 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 green tranche has a maturity date of ten years with an annual return of 5.49%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offering<\/strong><strong>: <\/strong>SEC issued a total of 13.75k sukuk, including 6.25k green ones, each carrying a par value of USD 200k and a minimum subscription set at USD 200k. The Sukuk will be listed on the London Stock Exchange\u2019s International Securities Market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going<\/strong><strong>?<\/strong> The proceeds from the green tranche will be allocated to finance eligible projects under <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1308.pdf\" style=\"\" rel=\"noopener\">SEC\u2019s<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1308.pdf\" style=\"\" rel=\"noopener\">Green Sukuk Framework<\/a>, according to an earlier <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85148&anCat=1&cs=5110&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> published on Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> The SEC has tapped HSBC, Standard Chartered Bank, Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Emirates NBD Capital, Natixis, Dubai Islamic Bank PJSC, Mizuho, MUFG, SMBC, Intesa Sanpaolo, Alistithmar Capital, BofA Securities, ICBC, BNP Paribas, Bank of China, and SNB Capital as joint lead managers.<\/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\">MORE FROM SAUDI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Ma\u2019aden\u2019s USD 1.25 bn trust certificate<\/strong> <strong>issuance was 9.2x oversubscribed, with <\/strong><strong>orders surpassing USD 11.5 bn (c. AED 42.24 bn)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/maaden_the-first-international-senior-unsecured-activity-7294318793428758529-I4ql?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFCC1R4B8bJ2XP1yuuTfhZswiTjG6MgJX3k\" style=\"\" rel=\"noopener\">statement<\/a>. The USD-denominated trust certificates\u2019 offering \u2014 issued as senior unsecured sukuk \u2014 was slated to be settled yesterday, 13 February, but the company is yet to make an update as of the early morning hours of today. The issuance is planned for listing on the London Stock Exchange's International Securities Market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> The five-year tranche is worth USD 750 mn with 3.75k certificates issued and a 5.25% annual return, whereas the ten-year tranche raised USD 500 mn through 2.5k bonds with an annual return of 5.5%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Ma\u2019aden issued the trust certificates <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/669bbde6-5d76-4f1d-92a1-3c34d17678da\/turkey%25e2%2580%2599s-limak-plans-to-list-usd-450-mn-green-bond\" style=\"\" rel=\"noopener\">last week<\/a> under its international trust certificate issuance program through a special-purpose vehicle. Each certificate has a par value of USD 200k and a minimum subscription of USD 200k, with USD 1k increments for going over. The proceeds will be allocated to finance the mining company\u2019s general business activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Miahona<\/strong><strong>-l<\/strong><strong>ed <\/strong><strong>consortium <\/strong><strong>achieves financial close on SAR 1.5 bn sewage treatment <\/strong><strong>plant<\/strong><strong>:<\/strong> A consortium led by Saudi-Miahona has achieved financial close on the SAR 1.5 bn (c USD 400 mn) Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh, according to a Tadawul <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85111&anCat=1&cs=2084&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> on Sunday. The financiers include Banque Saudi Fransi, Arab Energy Fund, and Riyadh Bank. The plant will have a capacity of 200k cbm\/day and is set to begin commercial operations in 4Q 2026, with financial impact expected as early as this quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The consortium is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2cfc361b-2465-4201-9134-b46003452d06\/\" style=\"\" rel=\"noopener\">comprised<\/a> of Saudi Power & Utility Company for Jubail and Yanbu (Marafiq), Miahone, and Belgian construction developer Besix. Marafic holds a 35% stake in the project, while Miahone has a 45% ownership. The developers were awarded a <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6cdd00c8-e0be-4c66-88f6-5cf38571cfbc\" style=\"\" rel=\"noopener\">25-year concession<\/a> in March under the build, own, operate, and transfer model.<\/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\"> AND FURTHER AFIELD IN TURKEY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Turkey\u2019s agrifood firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ulusoyflour.com\/\" style=\"\" rel=\"noopener\">Ulusoy Un<\/a><\/strong><strong> secured EUR 80 mn loan from t<\/strong><strong>he European Bank <\/strong><strong>for <\/strong><strong>Reconstruction and Development (EBRD) to support its renewable energy and energy efficiency initiatives<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2025\/ebrd-backs-ulusoy-uns-green-transition-in-trkiye.html\" style=\"\" rel=\"noopener\">press release<\/a> published last week. The company will use the funds to support solar investment in central Turkey as well as wind power in western Turkey. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The loan includes EUR 9 mn from the Clean Technology Fund under the EBRD\u2019s High Climate Impact Programme. The concessional loan is outcome-linked to ensure that Ulusoy reduces its carbon footprint while tackling environmental issues and climate risk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBRD ? Turkey\u2019s green projects:<\/strong> EBRD extended Kavram Enerji a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8fae1432-3b41-442e-869c-51141d54c241\/ebrd-greenlights-usd-275-mn-loan-for-gulf-of-suez-mega-wind-farm\" style=\"\" rel=\"noopener\">USD 42 mn loan<\/a> for solar production to in December, and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/37d2122d-ee6d-4586-abfe-816022f9b270\/\" style=\"\" rel=\"noopener\">EUR 25 mn loan<\/a> to QNB Finansleasing to support on-lending for green economy initiatives in November. It also extended a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c95cc9ad-3c09-4e7d-8f85-b36f478809fc\/green-finance,-district-cooling,-and-waste-management-updates-from%253cmark%253e-turkey%253c%2Fmark%253e,-uae,-and-egypt\" style=\"\" rel=\"noopener\">EUR 55 mn loan<\/a> to Turkish renewable energy firm Borusan EnBW Enerji in September to build a 116 MW onshore wind energy project in Sivas and Tekirda\u011f. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- OPEC Fund backs Turkey\u2019s green transition: <\/strong>The OPEC Fund signed a EUR 50 mn loan agreement with the Development Bank of Turkey (TSKB) to support on-lending investments into renewable energy expansion, energy efficiency, climate resilience, and technology development, according to a <a target=\"_blank\" href=\"https:\/\/opecfund.org\/media-center\/press-releases\/2025\/opec-fund-provides-a-50-million-loan-to-accelerate-tuerkiye-s-green-transformation\" style=\"\" rel=\"noopener\">press release<\/a> on Monday. The partnership marks the first loan agreement between the OPEC Fund and the TSKB. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sounds familiar? <\/strong>OPEC fund approved a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1e4817c9-c832-4e56-822f-ca52433725cd\/egypt-and-turkey-secured-loans-from%253cmark%253e-opec-fund%253c%2Fmark%253e-in-4q\" style=\"\" rel=\"noopener\">EUR 50 mn (c. USD 52.6 mn) loan<\/a> planned for the TSKB-backed Climate Finance Facility Project to bolster investments in renewables, energy efficiency, and climate adaptation last year. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/maaden\/\">Maaden<\/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\/opec-fund\/\">OPEC Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-electric-company\/\">Saudi Electric Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-electricity-company\/\">Saudi Electricity Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/snb-capital\/\">SNB Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wastewater-treatment\/\">wastewater treatment<\/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=\"89241\" 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=\"89241\">\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\/2025\/02\/14\/fertiglobe-dewa-and-emsteels-net-income-drops-in-fy-2024\/\">\r\n                            Fertiglobe, Dewa, and Emsteel\u2019s net income drops in FY 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\" 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       \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/fertiglobe-dewa-and-emsteels-net-income-drops-in-fy-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89242\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/fertiglobe-dewa-and-emsteels-net-income-drops-in-fy-2024\/1053-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1053.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89241\" class=\"content-area-description single-story post-89241 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc tag-ammonia tag-decarbonization tag-desalination tag-dewa tag-earnings-watch tag-emsteel tag-enterpriseclimate tag-exxon tag-fertiglobe tag-green-hydrogen tag-masdar tag-solar tag-solar-energy tag-taqa-arabia tag-uae 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\/2025\/2\/.a6ac4aee-ce50-4dd6-bc9a-f28e1acce200.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Adnoc-owned urea and amm<\/strong><strong>onia producer and exporter Fertiglobe reported a 59% y-o-y <\/strong><strong>dip in adjusted net income to USD 42 mn in 4Q 2024<\/strong>, according to its unaudited <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/862.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Meanwhile, revenues fell 28% y-o-y to USD 466 mn. Fertigobe attributes this drop to a deliberate deferral of 239 kt worth of shipments to early 2025 to take advantage of \u201ctightening urea markets and improved in-season pricing.\u201d This strategy of exploiting higher urea prices is expected to transfer USD 29 mn of net profit to 1Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On an annual basis, the company saw a 52% y-o-y decline in net income to USD 173.9 mn in 2024<\/strong>, while revenues for the year decreased 17% y-o-y to USD 2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The driver: Sales volume dropped 9% y-o-y to 5.6 bn tons in 2024, which the company attributed to \u201cstructural measures taken to improve reliability and efficiency levels\u201d and deliberately delayed shipments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Fertiglobe expects tight supply in spring and rising energy prices will sustain firm fundamentals for the nitrogen market in 2025. Production shortages in main exporting countries\u2014and remarkably low Chinese exports\u2014strengthen the short-term outlook for nitrogen fertilizers. Robust demand for new low-carbon ammonia applications\u2014such as maritime fuels and power production\u2014will buoy long-term outlook.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next for the company\u2019s low-carbon ambitions? <\/strong>Fertiglobe has several low-carbon ammonia production projects in the pipeline, with two projects in the UAE \u2014 including one under construction with 1 mn tons capacity and another <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4d538d32-199e-4d6a-a221-37f62de3a505\/adnoc-jv-places-a-usd-1.9-bn-order-for-alternative-fuel-carriers\" style=\"\" rel=\"noopener\">under-development project<\/a> with a 2027 targeted start date. The company also expects its owner Adnoc\u2019s joint low-carbon hydrogen and ammonia project with Exxon Mobil to reach a financial close in 2025. Adnoc is slated to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0542d4f2-970a-4b14-a6ab-13556bd6b032\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition,-with-the-producer-set-to-snap-up-adnoc%25e2%2580%2599s-stake-in-exxon%25e2%2580%2599s-texas-hydrogen-project\" style=\"\" rel=\"noopener\">transfer its 35% stake<\/a> in the project over to Fertiglobe when operations begin. The company is also part of a consortium planning green ammonia production at an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f5abf384-29b6-40d9-bc15-0d60974a882e\" style=\"\" rel=\"noopener\">Ain Sokhna ammonia plant<\/a> starting in 2027. <\/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\">DEWA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai Electricity and Water Authority (Dewa) saw its topline increase <\/strong><strong>6.13% y-o-y to AED 7.5 bn in 4Q 2024<\/strong>, while its net income dipped 3% to AED 1.8 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/904.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Last quarter followed the same trend, where <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dfd7dba9-45b5-479f-a165-324dce73d244\/%253cmark%253edewa%253c%2Fmark%253e%25e2%2580%2599s-revenue-rises,-profits-dip-in-3q-2024\" style=\"\" rel=\"noopener\">revenues increased<\/a> on the back of high electricity demand, while net income fell. Dewa\u2019s clean power generation also rose 12.83% to 1.57 TWh during the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On an annual basis, Dewa\u2019s revenues rose 6% y-o-y to a <\/strong><strong>record <\/strong><strong>AED <\/strong><strong>31 bn in 2024, <\/strong>while net income for the year dipped 8.8% y-o-y to AED 7.2 bn, slightly lower than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e74f6c4e-c255-43d8-8490-5fe693190e58\" style=\"\" rel=\"noopener\">2023\u2019s AED 7.9 bn<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dewa\u2019s clean power generation peaked in 2024 with 6.62 TWh<\/strong>, and it also saw its highest peak power demand at 10.76 GW and its highest annual desalinated water production at 150.48 BIG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more clean energy to come: <\/strong>Dewa has a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb053132-24a2-4886-a66e-5d8a34ba2785\/\" style=\"\" rel=\"noopener\">1.<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb053132-24a2-4886-a66e-5d8a34ba2785\/\" style=\"\" rel=\"noopener\">8 GW solar PV plant<\/a> in the works. The company also issued an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e22cc760-de14-460b-8f12-3738e995c257\/today:-all-the-latest-from-cop29-%2B-egypt-continues-its-renewables-push\" style=\"\" rel=\"noopener\">advisory service tender<\/a> in November for an Independent Power Producer (IPP) project comprised of a 1.6 GW solar PV plant and a 1 GW Battery Energy Storage System in November, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b981775b-07cb-4a1c-9043-051c3e8b395f\/today:-oman-kicks-off-production-at-its-first-solar-panel-production-facility\" style=\"\" rel=\"noopener\">another tender<\/a> for the design, supply, installation, and commissioning of a 2.5 MW alkaline electrolyzer project back in August.<\/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\">EMSTEEL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emsteel<\/strong><strong>, formerly Emirates Steel Arkan, saw its net income drop <\/strong><strong>34.9% y-o-y to <\/strong><strong>AED 392 mn in FY 2024<\/strong>, compared to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c7193fba-e392-428e-b98e-e81db0839a9b\/%253cmark%253eemirates%253c%2Fmark%253e%253cmark%253e-steel%253c%2Fmark%253e-arkan-net-income-surges-in-2023\" style=\"\" rel=\"noopener\">FY 2023<\/a>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1171.pdf\" style=\"\" rel=\"noopener\">preliminary financial results (pdf)<\/a> published to the ADX on Wednesday. The company saw its revenues drop 6% y-o-y to AED 8.3 bn in the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eyes on Emsteel\u2019s decarbonization ventures: <\/strong>Emsteel piloted its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba5447a5-a5bd-4fc2-9747-13ebb5b17420\/masdar-and-emsteel-commence-operations-at-green-steel-plant\" style=\"\" rel=\"noopener\">green hydrogen-powered<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba5447a5-a5bd-4fc2-9747-13ebb5b17420\/masdar-and-emsteel-commence-operations-at-green-steel-plant\" style=\"\" rel=\"noopener\">steel project<\/a> in partnership with Masdar last October. The firm is also conducting a feasibility study for an Abu Dhabi-based low-carbon iron joint venture project, and has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a80519af-afe1-40f5-8879-b22f59dab0bb\/\" style=\"\" rel=\"noopener\">appointed<\/a> co-chair of the International Renewable Energy Agency\u2019s Alliance for Industry Decarbonisation.<\/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\">TAQA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Energy Company (<\/strong><strong>Taqa<\/strong><strong>) reported a 46.8% y-o-y decline in 4Q <\/strong><strong>2024 net income to AED 750 mn<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1311.pdf\" style=\"\" rel=\"noopener\">management discussion and analysis report (pdf)<\/a>. Revenues grew 8.9% y-o-y to AED 13.4 bn, driven by the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bf4fe609-83b9-42cd-9286-940e7faa8b4b\/abu-dhabi%25e2%2580%2599s%253cmark%253e-taqa%253c%2Fmark%253e-completes-aed-1.7-bn-acquisition-of-sws-holding\" style=\"\" rel=\"noopener\">acquisition of Sustainable Water Solutions Holding, which was later consolidated with Taqa Water Solutions<\/a> and strong contributions from its transmission and distribution segment, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1310.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taqa\u2019s net income edged up 1.5% y-o-y to AED 7.1 bn in 2024<\/strong>, excluding one-off items. These included AED 10.8 bn tied to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1350.pdf\" style=\"\" rel=\"noopener\">acquisition (pdf)<\/a> of a 5% stake in Adnoc Gas and an AED 1.1 bn deferred tax charge due to UAE\u2019s new corporate tax. Annual revenues climbed 6.7% y-o-y to AED 55.2 bn. Taqa invested AED 9.2 bn during the year, up 63.8% y-o-y, covering construction progress on the Mirfa 2 Reverse Osmosis and Shuweihat 4 Reverse Osmosis RO desalination projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional and global green energy <\/strong><strong>highlights<\/strong><strong>:<\/strong> The firm expanded its renewables portfolio as Masdar \u2014 in which Taqa is a main shareholder \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8bccb3df-09eb-45a3-9c6c-9e9568c60978\/masdar-finalizes-50%2525-acquisition-of-us-renewables-firm-terra-gen\" style=\"\" rel=\"noopener\">acquired a 50% stake<\/a> in US-based Terra-Gen Power Holdings II, whose portfolio comprises solar, wind, and battery projects. Masdar has also acquired Spanish firms <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/1e44e3cc-a9b9-49c2-8f17-4f4c13c257cb\/masdar-to-acquire-spanish-renewables-firm-saeta-yield-for-usd-1.4-bn\" style=\"\" rel=\"noopener\">Endesa<\/a> and <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\">Saeta Yield<\/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\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/desalination\/\">DESALINATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dewa\/\">DEWA<\/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\/emsteel\/\">Emsteel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/exxon\/\">Exxon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                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          <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/hsbc-appoints-sustainability-chief\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1365.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89244\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/hsbc-appoints-sustainability-chief\/1365-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1365.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1365.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1365.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1365.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89243\" class=\"content-area-description single-story post-89243 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseclimate tag-hsbc tag-moves tag-sustainability 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\/2025\/2\/.b2033797-5872-40f4-9f2c-fd26ee5ae467.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC <\/strong><strong>appoints new sustainability officer: <\/strong>HSBC has officially appointed Julian Wentzel as its new Group Chief Sustainability Officer after holding the role on an interim basis since Celine Herweijer\u2019s \u2014 the previous officer \u2014 departure in November, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/hsbc-appoints-julian-wentzel-group-chief-sustainability-officer-2025-02-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. Wentzel said that he will leverage his experience working as head of HSBC\u2019s global banking in MENA where he directed clients on sustainability, according to a statement from LinkedIn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The challenges ahead: <\/strong>Wentzel is taking up this new role amid a US-led anti-ESG backlash and a trend that saw banks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7bd5b513-6fd3-4e90-af48-43c0c4fadafb\/top-stories:-green-financing-news-from-egypt-and-uae-%2B-updates-on-egypt%25e2%2580%2599s-solar-panel-factory\" style=\"\" rel=\"noopener\">quit global banking climate alliances<\/a>, such as the Net Zero Banking Alliance, in droves and some others water down climate commitments. <\/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\/hsbc\/\">HSBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/moves\/\">MOVES<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89245\" 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=\"89245\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/\">\r\n                            Wind, solar, and decarbonization updates from UAE, Jordan, and Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/\" 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\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/')\">\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\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/\">\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=Wind, solar, and decarbonization updates from UAE, Jordan, and Egypt&url=https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/\">\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\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/&title=Wind, solar, and decarbonization updates from UAE, Jordan, and Egypt\">\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=Wind%2C+solar%2C+and+decarbonization+updates+from+UAE%2C+Jordan%2C+and+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F02%2F14%2Fwind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt%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\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1363.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89246\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/wind-solar-and-decarbonization-updates-from-uae-jordan-and-egypt\/1363-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1363.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1363.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1363.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1363.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89245\" class=\"content-area-description single-story post-89245 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-decarbonization tag-egypt tag-emissions tag-enterpriseclimate tag-ewec tag-jordan tag-solar-energy tag-uae 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\/2025\/2\/.31c58b87-93cf-4b8e-b0a5-d409a2520b70.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WIND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ewec <\/strong><strong>invites <\/strong><strong>bids for Al Sila wind plant: <\/strong>Emirates Water & Electricity Company (Ewec) has issued a Request for Proposals (RFP) for the 140 MW Al Sila Wind independent power project to 16 pre-qualified companies and consortiums, according to a <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/ewec-issues-request-proposals-development-140mw-al-sila-wind-power-project\" style=\"\" rel=\"noopener\">press release<\/a> issued on Thursday. The project, located near the existing wind farm in Al Sila, will be developed under a public-private partnership model, with the successful bidder holding up to 40% and the Abu Dhabi government retaining the rest. The project scope includes the development, financing, construction, operation, maintenance, and ownership of the wind farm, with the selected developer entering a long-term power purchase agreement with EWEC. Proposals are due by 2Q 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works: <\/strong>The RFP follows an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/752a500e-c36e-4bb0-bdc2-6bd55701717c\/\" style=\"\" rel=\"noopener\">Expression of Interest<\/a> call last October, during which interested firms submitted statements of qualifications. Once operational, the project is expected to generate up to 140 MW of renewable energy, displace 190k tonnes of CO2, and boost Abu Dhabi\u2019s total wind capacity to nearly 240 MW. <\/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\">SOLAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jordan<\/strong><strong> makes plans to install solar cells and heaters: <\/strong>Jordan\u2019s Minister of Energy and Mineral Resources Saleh Al Kharabsheh has signed 12 agreements with charitable and cooperative associations for the installation of solar cell systems and solar heaters in homes, according to a government <a target=\"_blank\" href=\"https:\/\/www.memr.gov.jo\/Ar\/NewsDetails\/202502101\" style=\"\" rel=\"noopener\">statement<\/a> published on Monday. Through the agreements, 4k solar systems and 5k solar heaters will be installed by the end of 2025. The organizations will be tasked with marketing the initiative, and the Jordan Renewable Energy and Energy Efficiency Fund (JREEEF) will provide 30% of the required financing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of an ongoing effort: <\/strong>JREEEF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a48abdaf-2ff5-47da-a406-a66ae4d9be58\/jordan%25e2%2580%2599s-household%253cmark%253e-solar%253c%2Fmark%253e-energy-gets-a-push\" style=\"\" rel=\"noopener\">signed<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a48abdaf-2ff5-47da-a406-a66ae4d9be58\/jordan%25e2%2580%2599s-household%253cmark%253e-solar%253c%2Fmark%253e-energy-gets-a-push\" style=\"\" rel=\"noopener\">20 agreements<\/a> in October 2024 to partner with charitable and cooperative associations in installing the same amount of solar systems and heaters by yearend last year. The non-governmental partners served as financing windows for the 2024\/25 household sector program, which is supported by a 30% subsidy from the ministry.<\/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\">DECARBONIZATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt<\/strong><strong> joins the Industrial Transition Accelerator: <\/strong>Egypt\u2019s Industrial Modernization Center has signed an MoU with the UAE\u2019s Industry and Advanced Technology Ministry to join the <a target=\"_blank\" href=\"https:\/\/ita.missionpossiblepartnership.org\/\" style=\"\" rel=\"noopener\">Industrial Transition Accelerator<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0ScSTdihWTXBY2jdAG8stoGDxFLKWYzpkodmw3XgKqQz4mjS2ReCr279K4GLkCDmPl\" style=\"\" rel=\"noopener\">statement<\/a> released on Monday. The agreement aims to reduce carbon emissions from the industrial and transport sectors in alignment with requirements related to the global carbon border adjustment mechanism.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The ITA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/181e9b7d-9059-4f91-80b6-4701f07d20bb\/un-backed-ita-cooperates-with-uae-and-bahrain-to-boost-decarbonization\" style=\"\" rel=\"noopener\">partnered with the UAE and Bahraini governments<\/a> to expedite industrial decarbonization across the MENA region last year. The ITA aims to support large-scale industrial projects to reach Final Investment Decisions by 2026 and become operational by 2030, a critical timeline to meet Paris Agreement goals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Lucid\u2019s Gravity lands in Saudi:<\/strong> Lucid Gravity Grand Touring is now <a target=\"_blank\" href=\"https:\/\/lucidmotors.com\/ar-sa\/gravity\" style=\"\" rel=\"noopener\">available<\/a> to order in Saudi Arabia with a starting price of SAR 487k. The EV boasts 828 horsepower and over 700 kms of projected range per charge. (<a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/ae\/news-releases\/lucid-gravity-now-available-for-order-in-saudi-arabia-302370635.html\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Rivian<\/strong><strong> expands plug-in van customer base: <\/strong>Abdel Latif Jameel-backed Rivian will now sell the electric delivery van it developed for Amazon to other customers, as it looks to increase revenues to make up for slowing EV demand in preparation for the launch of its R2 SUV. Fleets of any size can purchase the vehicle and deliveries are set to begin in 2Q. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-10\/rivian-broadens-sales-of-plug-in-van-once-exclusive-to-amazon\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li><strong>CST<\/strong><strong> + M<\/strong><strong>WAN partner to boost e-waste recycling:<\/strong> Saudi Arabia\u2019s Communication, Space, and Technology Commission (CST) has inked an MoU with the National Center for Waste Management (MWAN) to recycle 90% of electronic products in the country, including e-waste and used batteries, by 2040. The agreement focuses on building local and global partnerships, facilitating knowledge exchange, conducting studies, and putting in place regulations to support implementation. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2259186\" style=\"\" rel=\"noopener\">SPA<\/a>)<\/li>\n<li><strong>Morocco <\/strong><strong>to <\/strong><strong>acquire new EV fleet for major sports events: <\/strong>Morocco is set to purchase 30 electric buses for upcoming sports events like the 2030 World Cup and the 2025 Africa Cup of Nations The country has already launched the tenders for the EVs and is preparing to become one of just five countries that manufacture EVs \u201cfrom mine to factory.\u201d (<a target=\"_blank\" href=\"https:\/\/moroccoworldnews.com\/2025\/02\/170770\/morocco-to-acquire-7-000-buses-including-evs-for-2030-world-cup\/\" style=\"\" rel=\"noopener\">Morocco World News<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ewec\/\">Ewec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/jordan\/\">Jordan<\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89247\" 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=\"89247\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD THIS WEEK<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/\">\r\n                            China\u2019s lithium play in Nigeria heats up                        <\/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\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/\" 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\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/')\">\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\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/\">\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=China\u2019s lithium play in Nigeria heats up&url=https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/\">\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\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/&title=China\u2019s lithium play in Nigeria heats up\">\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=China%E2%80%99s+lithium+play+in+Nigeria+heats+up+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F02%2F14%2Fchinas-lithium-play-in-nigeria-heats-up%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\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1361.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89248\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/chinas-lithium-play-in-nigeria-heats-up\/1361-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1361.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1361.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1361.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1361.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89247\" class=\"content-area-description single-story post-89247 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world-this-week tag-around-the-world-this-week tag-china tag-critical-minerals tag-enterpriseclimate 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\/2025\/2\/.f7767188-f917-48c4-922e-891e88088112.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China firms is going all in on lithium ventures in Nigeria: <\/strong>Canmax Technologies and Jiangxi Jiuling Lithium have taken a 75% stake in Ganfeng Lithium Industry in 2024, a Nigerian firm developing a lithium refinery in Nasarawa state, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/chinese-lithium-firms-take-over-copycat-nigeria-refinery-project\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Wednesday, citing company documents it obtained. Separately, Canmax is investing USD 200 mn in two additional lithium deposits in northern Nigeria in partnership with Nigerian Three Crown Mines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Nigeria?<\/strong> Nigeria has significant untapped deposits of gold, tin, and lithium. However, extraction is predominantly conducted by artisanal miners on a small-scale or manual basis. In December, the government <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/nigeria-resumes-mining-zamfara-state-improved-security-2024-12-23\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">lifted<\/a> a five-year ban on mining exploration in lithium-and-copper-rich Zamfara state, following the implementation of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/nigeria-offer-investors-75-stake-proposed-solid-minerals-firm-2024-01-30\/\" style=\"\" rel=\"noopener\">new attractive reforms<\/a> to the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The background:<\/strong> Ganfeng Lithium Industry drew scrutiny after breaking ground on a <a target=\"_blank\" href=\"https:\/\/nasarawastate.gov.ng\/h-e-engr-abdullahi-a-sule-governor-nasarawa-state-calls-for-a-workable-partnership-with-fg-to-develop-the-nations-solid-minerals-sector-in-a-mutually-beneficial-and-sustainable-manner\/\" style=\"\" rel=\"noopener\">USD 250<\/a><a target=\"_blank\" href=\"https:\/\/nasarawastate.gov.ng\/h-e-engr-abdullahi-a-sule-governor-nasarawa-state-calls-for-a-workable-partnership-with-fg-to-develop-the-nations-solid-minerals-sector-in-a-mutually-beneficial-and-sustainable-manner\/\" style=\"\" rel=\"noopener\">mn<\/a> lithium refinery in 2023 due to its name\u2019s similarity to Chinese lithium giant Ganfeng Lithium Group. The Nigerian Ganfeng then <a target=\"_blank\" href=\"https:\/\/nasida.na.gov.ng\/press-releases\/17\" style=\"\" rel=\"noopener\">inked an agreement<\/a> in September allowing the company to mine lithium for 10 years under permits held by a firm owned by the government of Nasarawa state. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>CATL<\/strong><strong> + Lopal resume lithium refinery operations after halt: <\/strong>China\u2019s Jiangsu Lopal Tech and EV battery manufacturer Contemporary Amperex Technology have resumed operations at their joint lithium carbonate refinery in China after a five-month pause, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-10\/catl-and-lopal-restart-china-lithium-refinery-despite-price-rout?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Monday. The refinery \u2014 located in Yichun, Jiangxi province \u2014 is expected to produce 3.5k tons per month, Jiangsu Lopal\u2019s media representative told the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARKET REAX- <\/strong>The factory resumption has made it difficult for lithium prices to recover from a market surplus and unstable EV demand, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-11\/lithium-stocks-drop-as-catl-s-refinery-restart-weighs-on-prices\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported separately on Tuesday. Asian lithium producer share prices are also taking a hit, and both CATL and Jiangsu Lopal\u2019s shares dipped slightly after the announcement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Lithium prices were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d564754e-8d12-40f8-ab1e-17ee821bd816\/top-stories:-rivian-finalizing-mega-financing-%2B-saudi%25e2%2580%2599s-future-minerals-forum-are-headliners-this-week\" style=\"\" rel=\"noopener\">set to stabilize this year<\/a> \u2014 after two years of an 86% price decline \u2014 on the back of surging EV sales in China and shuttered mines and refineries helping manage oversupply. It was expected, however, that the price adjustment would be halted if mines reopened.<\/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-this-week\/\">AROUND THE WORLD THIS WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/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=\"89249\" 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=\"89249\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/\">\r\n                            Gulf states push into metals trading as demand surges                        <\/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\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/\" 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\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/')\">\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\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/\">\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=Gulf states push into metals trading as demand surges&url=https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/\">\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\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/&title=Gulf states push into metals trading as demand surges\">\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=Gulf+states+push+into+metals+trading+as+demand+surges+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F02%2F14%2Fgulf-states-push-into-metals-trading-as-demand-surges%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\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1354.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89250\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/14\/gulf-states-push-into-metals-trading-as-demand-surges\/1354-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1354.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1354.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1354.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1354.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89249\" class=\"content-area-description single-story post-89249 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-adq tag-climate-in-the-news tag-critical-metals tag-energy-transition tag-enterpriseclimate tag-oman tag-pif tag-saudi-arabia tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.96561052-bf8b-4fc4-81f1-789886319d0c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An increased appetite for metal trading by <\/strong><strong>Gulf<\/strong><strong> stat<\/strong><strong>es has caught the eye of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a6e15eef-54cc-4b80-8af9-a9e82a11158b\" style=\"\" rel=\"noopener\">Financial<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a6e15eef-54cc-4b80-8af9-a9e82a11158b\" style=\"\" rel=\"noopener\">Times<\/a><\/strong>, who ran a report last Sunday about leading firms in the UAE, KSA, and Oman setting up shop to capitalize on growing global demand for critical minerals. The move is part of Gulf countries\u2019 push to diversify their economies beyond oil and gas and position themselves as key players in the global supply chain for metals essential to the energy transition, including copper, lithium, and iron ore.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai is emerging as a hub:<\/strong> Over the past five years, MENA \u2014 particularly Dubai \u2014 has seen an influx of commodity traders gradually shifting away from traditional hubs like London and Geneva. Abu Dhabi\u2019s IRH \u2014 which plans to establish a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f61d1166-0ae0-4af8-b967-30b0a20c7c70\/\" style=\"\" rel=\"noopener\">copper trading hub<\/a> in Abu Dhabi \u2014 has already assembled a trading team for oil, gas, and metals, and is in talks with international players, including Mercuria, to explore potential trading windows. ADQ also announced last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8155bd51-b374-4949-9bff-10bc7016cdd6\/\" style=\"\" rel=\"noopener\">a USD 1.2 bn JV with Orion Resources<\/a> to invest in mining assets and pursue offtake and long-term supply agreements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman is also on the move:<\/strong> The country is launching a trading company under Minerals Development Oman (MDO) to consolidate fragmented exports of chromite and gypsum and boost prices, MDO\u2019s CEO Mattar Al Badi told the FT. MDO is in talks with six global commodities firms \u2014 Trafigura, Glencore, Traxys, IXM, Mercuria, and Gunvor \u2014 on potential offtake agreements for processed copper and partnerships in its trading unit. <\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-metals\/\">critical metals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/energy-transition\/\">energy transition<\/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\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"89251\" 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\/2025\/02\/14\/89251\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89251\" class=\"content-area-description single-story post-89251 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;\">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>25-26 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.carboncapturemena.com\/\" style=\"\">Carbon Capture MENA 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=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>5-7 March (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wsds.teriin.org\/2025\/index.php\" style=\"\">World Sustainable Development Summit<\/a><\/span><span style=\"font-weight:400;\">, New Delhi, India. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 March (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ccgconf.org\/\" style=\"\">Climate Change and Global Warming Conference<\/a><\/span><span style=\"font-weight:400;\">, Vienna, Austria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>12-13 March (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/financing.desa.un.org\/2025-dcf\" style=\"\">UN Development Cooperation Forum<\/a><\/span><span style=\"font-weight:400;\">, New York, USA. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>27-29 March (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/greenenergymeet.org\/\" style=\"\">ANE Global Meet and Expo on Green Energy and Environmental Technology<\/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>31 March-1 April (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.climate-chance.org\/en\/get-involved\/climate-chance-summits\/sommet-climate-chance-europe-afrique-2025-marseille\/\" style=\"\">Climate Chance Europe Africa Summit<\/a><\/span><span style=\"font-weight:400;\">, Marseille, France. <\/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>2-5 April (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gylc.org\/summit\/\" style=\"\">Global Youth Climate Summit<\/a><\/span><span style=\"font-weight:400;\">, Minas Gerais, Brazil. <\/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>8 April (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.energy-box.com\/agenda-of-mena\" style=\"\">Solar Energy Storage Future 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>9-10 April (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalh2forum.com\/\" style=\"\">Global Hydrogen Forum<\/a><\/span><span style=\"font-weight:400;\">, Barcelona, Spain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 April (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/solarexistanbul.com\/en\/\" style=\"\">SolarEX Istanbul<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eco-business.com\/events\/green-energy-summit-saudi-arabia-2025\/#:~:text=The%20Green%20Energy%20Summit%20Saudi,%2B%20Green%20Hydrogen%20%3D%20Future%E2%80%9D.\" style=\"\">Green Energy Summit Saudi Arabia<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/5th-edition-international-conference-functional-cofmer-ahmed-rhallabi-qofee\/\" style=\"\">International Conference on Functional Materials and Renewable Energies<\/a><\/span><span style=\"font-weight:400;\">, Tangier, Morocco. <\/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<\/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>6-8 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous e-Mobility Forum<\/a><\/span><span style=\"font-weight:400;\">, Ar-Rayyan, Qatar<\/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<\/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>13-14 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/internationaldcc.com\/\" style=\"\">International District Cooling 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>14-15 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.peakevents.org\/KSA-greenenergy\/\" style=\"\">Saudi Arabia Green Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>9-13 June (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sdgs.un.org\/conferences\/ocean2025\" style=\"\">UN Ocean Conference<\/a><\/span><span style=\"font-weight:400;\">, Nice, France. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>15-17 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sdg.iisd.org\/events\/g7-summit-2025\/\" style=\"\">G7 Summit<\/a><\/span><span style=\"font-weight:400;\">, Kananaskis, Canada. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>16-26 June (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/sb62\" style=\"\">Bonn Climate Change Conference<\/a><\/span><span style=\"font-weight:400;\">, Bonn, Germany. <\/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>30 June-3 July (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/financing.desa.un.org\/ffd4\" style=\"\">International Conference on Financing for Development<\/a><\/span><span style=\"font-weight:400;\">, Seville, Spain. <\/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;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>8-9 September (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/retrofittechqatar.com\/\" style=\"\">Sustainable Buildings and RetrofitTech Qatar Summit<\/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>9-23 September (Tuesday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sdg.iisd.org\/events\/80th-session-of-the-un-general-assembly-unga-80\/\" style=\"\">UN General Assembly<\/a><\/span><span style=\"font-weight:400;\">, New York City, USA. <\/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;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>14-15 October (Thursday-Wednesday)<\/span><span style=\"font-weight:700\">:<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy<\/a><\/span><span style=\"font-weight:400;\">, Cairo Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/retrofittechksa.com\/\" style=\"\">Sustainable Buildings and RetrofitTech Saudi Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-30 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>4-6 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/social.desa.un.org\/second-world-summit-for-social-development\" style=\"\">World Social Summit<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-21 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sdg.iisd.org\/events\/2025-un-climate-change-conference-unfccc-cop-30\/\" style=\"\">UN Climate Change Conference (COP30)<\/a><\/span><span style=\"font-weight:400;\">, Bel\u00e9m, Brazil. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-23 November (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/g20.org\/event\/g20-leaders-summit\/\" style=\"\">G20 Leaders\u2019 Summit<\/a><\/span><span style=\"font-weight:400;\">, Johannesburg, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.retrofittechbahrain.com\/\" style=\"\">Sustainable Buildings and RetrofitTech Bahrain Summit<\/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\">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>An EV push in Saudi + Egypt. KSA to get mega green data center. A USD 1.25 bn green sukuk from KSA. A flurry of FY 2024 earnings.<\/p>\n","protected":false},"featured_media":89229,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-89228","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9d5030f8-f89c-4d40-938c-993448dc43fb","teaser":"An EV push in Saudi + Egypt. KSA to get mega green data center. A USD 1.25 bn green sukuk from KSA. A flurry of FY 2024 earnings.","photo_url":"https:\/\/ent.news\/2024\/7\/746.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi\u2019s Ceer and Egypt\u2019s Infinity make an EV push - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-ceer-and-egypts-infinity-make-an-ev-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Ceer and Egypt\u2019s Infinity make an EV push\" \/>\n<meta property=\"og:description\" content=\"An EV push in Saudi + Egypt. KSA to get mega green data center. A USD 1.25 bn green sukuk from KSA. 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KSA to get mega green data center. A USD 1.25 bn green sukuk from KSA. 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