{"id":89416,"date":"2025-03-14T00:00:00","date_gmt":"2025-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=89416"},"modified":"2025-12-15T12:12:13","modified_gmt":"2025-12-15T12:12:13","slug":"morocco-taps-possible-investors-for-usd-33-bn-green-hydrogen-projects","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/morocco-taps-possible-investors-for-usd-33-bn-green-hydrogen-projects\/","title":{"rendered":"Morocco taps possible investors for USD 33 bn green hydrogen projects"},"content":{"rendered":"<section id=\"89418\" 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=\"89418\">\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\/03\/14\/top-stories-morocco-taps-investors-for-green-hydrogen-projects-imf-backs-egypts-climate-efforts\/\">\r\n                            TOP STORIES: Morocco\u2019s new green hydrogen players + Egypt\u2019s climate efforts get IMF backing                        <\/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\/03\/14\/top-stories-morocco-taps-investors-for-green-hydrogen-projects-imf-backs-egypts-climate-efforts\/\" 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, the latest on Europe\u2019s EV battery making blunders\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE <\/strong><strong>BIG STORY ABROAD THIS WEEK- Northvolt files for bankruptcy in Sweden:<\/strong> Swedish battery maker Northvolt has <a target=\"_blank\" href=\"https:\/\/northvolt.com\/articles\/northvolt-files-for-bankruptcy-in-sweden\/\" style=\"\" rel=\"noopener\">filed for bankruptcy<\/a> in Sweden after failing to secure the financial backing needed to stay afloat. Investors backed out from a financing round at the last minute, marking the fall of a company that was once hailed as Europe\u2019s best chance to compete in the China-dominated EV battery market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Northvolt had filed for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8175b264-aa06-4a34-a99f-96b056b82d08\/\" style=\"\" rel=\"noopener\">bankruptcy protection in the US<\/a><\/strong><strong> last November<\/strong>, giving it a temporary reprieve while it attempted to secure new partnerships and funding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dumped by everyone: <\/strong>The company failed to secure rescue funding from the Swedish government, as well as from other private sector backers. The company\u2019s main customers, such as VW and its Sweden-based subsidiary Scania, have also begun working on securing supplies from alternative producers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>A Swedish court-appointed trustee will now oversee the sale of the company\u2019s assets and manage outstanding obligations in consultation with creditors. The filing doesn\u2019t include the company\u2019s subsidiaries in North America and Germany, and excludes Northvolt\u2019s industrial battery systems unit, which is planned to be sold to Scania, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6e77b053-9ead-4d4e-85e9-0200beeac8bd\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported last month. <\/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\/markets\/deals\/northvolt-close-filing-bankruptcy-sweden-newspaper-dn-reports-2025-03-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/21dbc9fa-2503-4a1d-a14c-7ac2b6f44303\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/swedish-battery-maker-northvolt-files-for-bankruptcy-9d901d8a\" style=\"\" rel=\"noopener\">The Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/battery-maker-northvolt-files-for-bankruptcy-in-sweden\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/2025\/mar\/12\/ev-battery-startup-northvolt-files-for-bankruptcy-in-sweden\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/northvolt-files-for-bankruptcy-in-sweden\/\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/12\/ailing-swedish-ev-battery-firm-northvolt-files-for-bankruptcy.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.euronews.com\/business\/2025\/03\/12\/swedens-northvolt-files-for-bankruptcy-in-blow-to-europes-battery-sector\" style=\"\" rel=\"noopener\">Euronews<\/a> <\/p>\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><\/strong><strong>#1- Oman power utility company puts IPO on ice: <\/strong>Omani state-backed Oman Electricity Transmission (OETC) paused its IPO plans and is said to be exploring a bond sale to drum up fresh capital, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/oman-power-utility-said-to-pause-ipo-plans-and-weigh-bond-sale?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Wednesday, citing sources familiar with the matter. The utilities firm will sound out investor appetite in the US and UK this week for a potential USD-denominated debt issuance, though no final decisions have been made on size, timing or structure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>The firm tapped Citigroup and Oman Investment Bank to work on the potential transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supporting O<\/strong><strong>man\u2019s green push:<\/strong> OETC completed tests to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d9b80abc-f3a5-4769-9f62-267093271159\" style=\"\" rel=\"noopener\">remotely operate<\/a> the 500 MW Ibri III solar project. OETC, Hydrom, OQ Gas Networks, and Nama Water Services were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dfaeccec-75a0-4f73-8745-3124c9492a04\" style=\"\" rel=\"noopener\">reported in 2023<\/a> to be working on establishing a hydrogen infrastructure company that will work on projects across the Al Wusta and Dhofar governorates. It also started operations on the first phase of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/80e700ef-e92b-4fa3-8304-5d156f2abbba\" style=\"\" rel=\"noopener\">interconnector project<\/a> linking the north of the country to the south, with plans to connect some 2.6 GW of renewables capacity to it by 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>IN OTHER REGIONAL IPO NEWS- <\/strong><strong>Dubai<\/strong><strong>-based decarbonization company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.positivezero.com\/\" style=\"\" rel=\"noopener\">Positive Zero<\/a><\/strong><strong> might be <\/strong><strong>looking at an IPO in the future<\/strong>, as the company looks to shore up liquidity to enter new markets, CEO David Auriau told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2025\/03\/12\/blackrock-backed-positive-zero-is-considering-an-ipo-says-chief\/\" style=\"\" rel=\"noopener\">The National<\/a> on Wednesday. The BlackRock-backed firm says it has doubled its earnings and nearly tripled its capital expenditures y-o-y since BlackRock\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8fe9e705-13ed-477d-9135-d10d32696df7\/uae%25e2%2580%2599s%253cmark%253e-positive-zero%253c%2Fmark%253e-is-getting-usd-400-mn-from-blackrock-for-decarbonization-efforts\" style=\"\" rel=\"noopener\">USD 400 mn<\/a> cash-infusion in 2023, though no figures were made public. The outfit is also eyeing a fresh round of debt to finance its near-term growth push into new geographies, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Egypt\u2019s <\/strong><strong>green data center plans are back in focus: <\/strong>Egyptian Investment Minister Hassan El Khatib met with Income Egypt Chairman Hesham Sheta and a group of green energy investors to review plans for a renewable-powered data center complex \u2014 dubbed the Atlas Project, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0crn3PaGrYvkLHZPnAx9rL8291hwZJ9Hg3V3F1bHgec4XZigfezSbcvF7vMuFmtQJl&id=61562245173260\" style=\"\" rel=\"noopener\">statement<\/a> released on Tuesday. The project appears to build on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/863b469b-c540-4de3-b7ef-65c7d56cf8c9\/\" style=\"\" rel=\"noopener\">January MoU<\/a> a consortium of Swicorp Infra Capital, Income Egypt, and Record Digital Asset Venture signed with the Communications Ministry to develop a data center targeting exports of digital services abroad. The data center will be powered by a 200 MW mix of solar and wind energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Algeria <\/strong><strong>will <\/strong><strong>start connecting the first batch of projects from its 3.2 GW solar initiative between the end of <\/strong><strong>the year and early 2026<\/strong>, the Energy Ministry\u2019s Renewables Secretary Nour-Eddine Yassa told state-owned channel Chaine Une on Monday (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/v\/169yg2UogX\/\" style=\"\" rel=\"noopener\">watch, runtime: 51:48<\/a>). The 3.2 GW of capacity is distributed over 20 projects with capacities of 50-300 MW, along with a 200 MW plant to feed an iron factory in Gara Djebilet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The government has identified 212 potential sites across 46 provinces for future solar developments. Algeria is also moving forward with wind power plans, with feasibility studies pinpointing 10 suitable locations for a 1 GW wind energy rollout. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Algerian state-owned energy company Sonelgaz <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c8041727-2fad-4327-af0f-fd6901a70d8f\" style=\"\" rel=\"noopener\">awarded 20 solar projects<\/a> with a total capacity of 3 GW last March, including a 200 MW solar plant in El M\u2019ghair on which the company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9a74642c-f4f7-4da1-bcb4-d288c1542160\" style=\"\" rel=\"noopener\">broke ground<\/a> in March last year. The project was reportedly set to be completed within 14 months of the start of construction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Electricity interconnections are on the table:<\/strong> Algeria is also looking to develop cross-border electricity connections with multiple neighbours, including the Sahel nations, Libya, and eventually Egypt, reinforcing its focus on south-south integration, Yassa added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Algeria is moving<\/strong><strong> to liberalize its mining sector with a draft law that aims to attract <\/strong><strong>private investment and simplify regulations<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aps.dz\/ar\/economie\/176872-2025-03-10-14-17-53\" style=\"\" rel=\"noopener\">APS<\/a> reported on Monday, citing the draft text. If passed, the bill would eliminate the restrictive 51-49% ownership rule that has historically required state-owned majority ownership, opening the door for foreign investors to hold majority stakes in mining ventures on the condition that the state still holds a minimum 20% stake. The bill is yet to be discussed in the House.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is more:<\/strong> Licensing procedures will be streamlined by replacing the current dual approval process \u2014 pertaining to requirements from both mining and environmental laws \u2014 with a single-track process to cut red tape. Mining exploitation licenses will have a maximum duration of 30 years, while quarrying licenses will be capped at 15 years. Artisanal mining licenses will be issued for up to five years. The bill would also introduce a \u201clocal content\u201d requirement to increase domestic value-added production, mandating miners to process, refine, or convert a portion or all of extracted materials locally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>GCC <\/strong><strong>Interconnection to award two expansion tenders within two months: <\/strong>The GCC Interconnection Authority (GCCIA) is evaluating bids from eight to 10 companies for the two expansion projects in the UAE and Oman, GCCIA CEO Ahmed Al Ibrahim told <a target=\"_blank\" href=\"https:\/\/www.alriyadh.com\/2122296\" style=\"\" rel=\"noopener\">Al Riyadh<\/a> on Sunday. This comes as part of a push to award the tenders by mid-year and complete the projects by 2027. Bids from Gulf companies will be given priority, Al Ibrahim added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The financing: <\/strong>The USD 205 mn UAE expansion will be fully financed by the Abu Dhabi Fund for Development. The USD 724 mn Omani expansion <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4e13f5fe-51b5-4a09-9a37-541c7b277169\" style=\"\" rel=\"noopener\">will be partially financed<\/a> by the Qatar Development fund, and the authority is in talks to secure the remainder of the financing from other Gulf banks, including Oman\u2019s Bank Al Sohar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand is on the rise: <\/strong>Energy trade volume between GCC countries is set to increase to 1.8 TW\/h this year, compared to 1.3 TW\/h in 2024, Al Ibrahim predicts, with power purchase requests predicted to surpass 1 GW\/h this year \u2014 an increase from 840 MW\/h in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The <a target=\"_blank\" href=\"https:\/\/gccia.com.sa\/gccia-grid\/our-existing-network\" style=\"\" rel=\"noopener\">Gulf Electricity Interconnection Project<\/a> extends nearly 1k km of transmission lines from Kuwait to Oman and plans to connect all six Gulf countries. Iraq\u2019s tie-up to the interconnection power grid was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b4fc5ce-aeba-4be5-b2f5-d30c17764c74\" style=\"\" rel=\"noopener\">90% complete<\/a> last December.<\/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>NZBA <\/strong><strong>at<\/strong><strong> a crossroads over 1.5 C\u00b0 climate goals: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.unepfi.org\/net-zero-banking\/\" style=\"\" rel=\"noopener\">Net Zero Banking Alliance (NZBA)<\/a> is advancing a policy change proposal that, if passed, would scrap the alliance\u2019s 130 signatories\u2019 commitment to keeping global warming below 1.5 C\u00b0 in their financing portfolios, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-11\/bankers-climate-alliance-prepares-vote-on-ditching-1-5c-goal?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Tuesday, citing an unnamed source it says is familiar with the matter. The NZBA has about four weeks to vote on the proposal drafted by the <a target=\"_blank\" href=\"https:\/\/www.unepfi.org\/net-zero-banking\/members\/governance\/\" style=\"\" rel=\"noopener\">group\u2019s governing entity<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Four Canadian banks reportedly exited the group earlier this year in <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\">an exodus<\/a> led by major US financial institutions including Goldman Sachs, Wells Fargo, Morgan Stanley, and JPMorgan Chase. European banks have also reportedly been reconsidering their obligations to the NZBA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#2- <\/strong><strong>Financing <\/strong><strong>pledges to support<\/strong><strong> energy transitions<\/strong><strong> in top polluting developing nations are <\/strong><strong>moving forward despite the US pulling the plug on climate funding<\/strong>, Bloomberg reported <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-06\/us-notifies-south-africa-it-has-withdrawn-from-the-jetp-progam?srnd=phx-green\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-07\/japan-and-germany-partner-on-indonesia-climate-deal-as-us-exits?srnd=phx-green\" style=\"\" rel=\"noopener\">here<\/a> last week. A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/28c7c800-5502-4e2d-94c2-aa0684071fd3\/\" style=\"\" rel=\"noopener\">USD 9.3 bn<\/a> Just Energy Transition Partnership (JETP) agreement to help South Africa shift away from coal remains on track despite the US withdrawing its pledged USD 1 bn in commercial loans and USD 56 mn in grants, Bloomberg reported, citing UK climate envoy Rachel Kyte. The UK, France, Germany, Netherlands, Denmark, and the EU continue to back the agreement. The World Bank-linked Climate Investment Funds could also trigger a USD 2.6 bn green finance package, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-07\/decision-nears-on-2-6-billion-of-green-funds-for-south-africa?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last Thursday, citing people familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Similar JETP agreements in Indonesia and Vietnam<\/strong> \u2014 worth USD 15.5 bn and USD 20 bn \u2014 could also be moving ahead despite the US exit as more countries renew their commitment, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-07\/japan-and-germany-partner-on-indonesia-climate-deal-as-us-exits?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday. Japan has confirmed its continued support for Indonesia\u2019s decarbonization efforts, with Germany stepping in as co-leader. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could it fill the vacuum?<\/strong> JETPs were initially celebrated as a breakthrough in 2021 for bringing together public and private capital to phase out coal in major developing economies. By providing financial incentives, the agreements aimed to accelerate coal plant retirements and expand clean energy, but slow financing, political shifts, and the complexity of decommissioning plants have stalled progress. However, even with these efforts, global energy transition funding remains far short of what\u2019s needed, with USD 2 tn investment recorded last year, just 37% of the annual financing required to reach net zero by 2050, according to <a target=\"_blank\" href=\"https:\/\/about.bnef.com\/blog\/global-investment-in-the-energy-transition-exceeded-2-trillion-for-the-first-time-in-2024-according-to-bloombergnef-report\/\" style=\"\" rel=\"noopener\">BloombergNEF<\/a> calculations. <\/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\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Sudan\u2019s recent heat wave spurred by climate change: <\/strong>At least one week of South Sudan\u2019s February heat wave \u2013 which shut down schools for two weeks after students collapsed from heat stroke \u2013 was made 10 times more likely and 2\u00b0C hotter by climate change, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/07\/climate\/sudan-heat-wave-climate-change.html\" style=\"\" rel=\"noopener\">New York Times<\/a> reported last week citing a <a target=\"_blank\" href=\"https:\/\/www.worldweatherattribution.org\/women-and-girls-continue-to-bear-disproportionate-impacts-of-heatwaves-in-south-sudan-that-have-become-a-constant-threat\/\" style=\"\" rel=\"noopener\">study<\/a> by the World Weather Attribution found. During the heat wave, temperatures surpassed 42\u00b0C in some areas, and it was the second time in less than a year that schools had to shut down. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Climate change has adverse impacts on education: <\/strong>Climate change is predicted to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/817b4a75-e1ec-4ee1-9fc5-7d43042419f6\/today:-egypt-cinches-a-major-ev-manufacturing-agreement-%2B-dp-world-electrifies-its-jebel-ali-freight-fleet\" style=\"\" rel=\"noopener\">impact education outcomes negatively<\/a> as a result of increased school closures, disease, stress, and conflict. During extreme weather events such as heat waves or flooding, schools close around 75% of the time and sometimes for prolonged periods when infrastructure is affected or evacuation is needed. Sudden temperature and rainfall change has also been shown to increase violence amongst students by 14%. These negative impacts could translate into lower future earnings and productivity, especially for lower income students.<\/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\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman\u2019s <\/strong><strong>mining<\/strong><strong> players can now manage their licenses digitally via <\/strong><a target=\"_blank\" href=\"https:\/\/taqa.mem.gov.om\/emining\" style=\"\" rel=\"noopener\">Taqa<\/a> \u2014 the Energy Ministry\u2019s digital services platform for its mining and energy sector, <a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/447531\" style=\"\" rel=\"noopener\">Oman News<\/a><a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/447531\" style=\"\" rel=\"noopener\">Agency<\/a> reported on Wednesday. Businesses can manage their mining licenses, use a newly-minted automatic bidding system, be informed about application procedures, and stay updated via a message and notifications center.<\/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:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\" rel=\"noopener\">Middle East Energy<\/a><\/strong><strong> conference from Monday, 7 April until <\/strong><strong>Wednesday, 9 April <\/strong>in Dubai. The event will target six product sectors, including smart solutions, transmissions and distribution, renewable and clean energy, critical and backup power, energy consumption and management, batteries, and eMobility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.energy-box.com\/agenda-of-mena\" style=\"\" rel=\"noopener\">Solar Energy Storage Future MENA<\/a><\/strong><strong> conference on Tuesday, 8 April<\/strong> in Dubai<strong>. <\/strong>The conference aims to empower solar energy and storage in the MENA region to align with net zero goals. Planned events include a panel on navigating competitive markets and financing energy efficiency upgrades. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/solarexistanbul.com\/en\/\" style=\"\" rel=\"noopener\">International SolarEX Istanbul Fair<\/a><\/strong><strong> from Thursday, 10 April <\/strong><strong>until Saturday, 12 April<\/strong> in Istanbul. The event will bring together investors from 125+ countries along with over 200 world-renowned companies and 500+ brands in the solar sector. The fair will feature firm conferences and seminars covering financing, investment, and production in the solar industry.<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/interconnector-projects\/\">interconnector projects<\/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\/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=\"89420\" 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=\"89421\" 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=\"89421\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/morocco-taps-investors-for-usd-33-bn-green-hydrogen-projects\/\">\r\n                            Morocco taps investors for USD 33 bn green hydrogen projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/morocco-taps-investors-for-usd-33-bn-green-hydrogen-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The government will offer each project up to 30k hectares of land in the southern region after a preliminary agreement is inked. No timeline for finalizing the agreements nor the projects was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s being tapped?<\/strong> The ORNX consortium \u2014 comprising American Ortus, Spanish <a target=\"_blank\" href=\"https:\/\/www.acciona.com\/\" style=\"\" rel=\"noopener\">Acciona<\/a>, and German <a target=\"_blank\" href=\"https:\/\/www.nordex-online.com\/en\/\" style=\"\" rel=\"noopener\">Nordex<\/a> \u2014 will invest in ammonia production. UAE\u2019s Taqa and Mubadala-owned Spanish Moeve \u2014 formerly known as Cepsa \u2014 will develop ammonia and synthetic fuel projects. Moroccan energy firm <a target=\"_blank\" href=\"https:\/\/www.nareva.ma\/en\/\" style=\"\" rel=\"noopener\">Nareva<\/a> is set to produce ammonia, synthetic fuel, and green steel. Saudi\u2019s Acwa Power and a Chinese consortium of <a target=\"_blank\" href=\"https:\/\/uegl.com.hk\/en\/\" style=\"\" rel=\"noopener\">UEG<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ctg.com.cn\/en\/\" style=\"\" rel=\"noopener\">Three Gorges<\/a> will each focus on ammonia production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adding to a long pipeline of possible projects: <\/strong> Dubai-based H2 Global Energy completed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/64c1e57f-b0d4-4aed-ba72-310be7071701\/\" style=\"\" rel=\"noopener\">initial studies<\/a> last month for a planned green hydrogen and ammonia plant in southern Morocco, with an expected annual production capacity of 1 mn metric tons of green ammonia. French majors TotalEnergies and Engie are also considering their own green hydrogen and ammonia production projects as part of agreements the companies inked <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e90c9e01-1590-4a68-938f-723cc75dd56c\/\" style=\"\" rel=\"noopener\">back in October<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a bigger plan:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.masen.ma\/en\/green-hydrogen-moroccan-offer\" style=\"\" rel=\"noopener\">Morocco\u2019s Green Hydrogen Offer<\/a>, launched in March last year, aims to establish the country as a key producer and exporter, allocating up to 1 mn hectares for renewable and hydrogen projects, backed by shared infrastructure like ports, grids, pipelines, and storage. The initiative also offers a combination of investment incentives and regulatory support.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89423\" 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=\"89423\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/\">\r\n                            Scatec signs PPA for Egypt Aluminium\u2019s renewables project                        <\/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\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/\" 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\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/')\">\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\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/\">\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=Scatec signs PPA for Egypt Aluminium\u2019s renewables project&url=https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/\">\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\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/&title=Scatec signs PPA for Egypt Aluminium\u2019s renewables project\">\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=Scatec+signs+PPA+for+Egypt+Aluminium%E2%80%99s+renewables+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F03%2F14%2Fscatec-signs-ppa-for-egypt-aluminiums-renewables-project%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\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1117.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89424\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/scatec-signs-ppa-for-egypt-aluminiums-renewables-project\/1117-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1117.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1117.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1117.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1117.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89423\" class=\"content-area-description single-story post-89423 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-bess tag-egypt tag-enterpriseclimate tag-renewables tag-scatec tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.8c630cc7-6da9-41d8-9338-0b096a62982b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Scatec <\/strong><strong>signs solar + BESS PPA with Egypt Aluminium: <\/strong>Norwegian renewables developer Scatec has signed a 25-year USD-denominated Power Purchase Agreement (PPA) with Egypt\u2019s largest aluminium producer Egypt Aluminium for a 1.1 GW solar PV plant and a 100 MW\/200 MWh Battery Energy Storage System (BESS), according to a <a target=\"_blank\" href=\"https:\/\/scatec.com\/2025\/03\/13\/scatec-signs-ppa-with-egypt-aluminium-for-major-solar-bess-project\/\" style=\"\" rel=\"noopener\">press release<\/a> from Thursday. Scatec will be responsible for the project throughout its lifecycle, including EPC, management, operations, and maintenance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financing and ownership: <\/strong>The project is expected to cost USD 650 mn, which will be 80% financed through non-recourse project debt, while the rest will be covered by equity from Scatec and partners. Scatec will be sole owner initially, but it is planning on offloading some stakes to other equity investors on the long-term. <\/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> Scatec was in talks with the Public Enterprise Ministry to set up the plant to power Egypt Aluminium\u2019s production complex in Qena\u2019s Nagaa Hammadi as early as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/29b4d631-254c-4e80-9f2c-f01ebf194da5\/today:-qatar%25e2%2580%2599s-qiib-lists-usd-500-mn-sustainable-sukuk-issuance-on-lse-%2B-oman-launches-usd-5-bn-future-fund-oman\" style=\"\" rel=\"noopener\">January 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Scatec will work to secure land, finalize grid connection, and source funding for the project, the press release adds. The renewables major expects to reach financial close and begin construction within the next 12 months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt Aluminium wants to decarbonize exports: <\/strong>Egypt Aluminium wants to use this project to help decarbonize its aluminum production, 60% of which is exported to Europe. The decarbonization efforts come as an attempt to meet the EU\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\/\" style=\"\" rel=\"noopener\">Carbon Border Adjustment Mechanism<\/a> rules which will come into effect in 2026. <\/p>\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\/egypt\/\">Egypt<\/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\/scatec\/\">Scatec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89425\" 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=\"89425\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/\">\r\n                            Egypt to get USD 1.3 bn in climate financing from the IMF                        <\/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\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/\" 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\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/')\">\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\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/\">\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=Egypt to get USD 1.3 bn in climate financing from the IMF&url=https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/\">\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\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/&title=Egypt to get USD 1.3 bn in climate financing from the IMF\">\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=Egypt+to+get+USD+1.3+bn+in+climate+financing+from+the+IMF+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F03%2F14%2Fegypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf%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\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89426\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/egypt-to-get-usd-1-3-bn-in-climate-financing-from-the-imf\/1121-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89425\" class=\"content-area-description single-story post-89425 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-egypt tag-enterpriseclimate tag-green-finance tag-imf 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\/3\/.48d37ce5-f8a3-4fa1-b957-bc6dbce491db.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IMF Executive Board approved some USD 1.3 bn in climate financing to Egypt under <\/strong><strong>the Resilience and Sustainability Facility,<\/strong> Egypt\u2019s Finance Minister Ahmed Kouchouk said during the annual ministry Iftar on Monday. The decision comes in tandem with the board\u2019s completion of the fourth review of its Egypt\u2019s USD 8 bn loan program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than expected:<\/strong> The initial <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/094523d5-df1e-4e40-9d2b-05e8a011b7b6\" style=\"\" rel=\"noopener\">announcement<\/a> of the climate financing agreement back in March 2024 stated that Egypt would be eligible to lock in USD 1-1.2 bn in climate financing funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have an idea of what projects could receive financing:<\/strong> The funds are set to be directed towards climate-related projects in Egypt, especially those focused on the expansion of renewable energy, emission reduction, water projects, and combating desertification, IMF executive director and Egypt\u2019s former finance minister Mohamed Maait told EnterpriseAM. This comes as part of the government\u2019s efforts to address climate change, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sizes of the tranches, as well as the disbursement and repayment mechanisms, remain unk<\/strong><strong>nown,<\/strong> Maait told us, adding that they will be determined with the Egyptian government at a later stage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is also securing financing for green projects through other means:<\/strong> The Finance Ministry has been <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\"><\/a><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\">planning<\/a><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\"><\/a> to issue USD 1-1.5 bn worth of eurobonds or green bonds in international markets, followed by an issuance of sovereign sukuk, to take advantage of rising investor interest in Egyptian debt, a senior government official told EnterpriseAM back in January. The Madbouly government has been holding discussions with international offering advisors to identify the best options for debt issuances in the coming period, the source added.<\/p>\n<p class=\"tag-border-left\"> IN OTHER DEBT WATCH NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s<\/strong> <strong>Aldar Investment Properties has raised USD 500 mn through a 10-year green<\/strong><strong> sukuk issuance<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1123.pdf\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1123.pdf\" style=\"\" rel=\"noopener\">release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1123.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> issued Thursday. The issuance was 7.2x oversubscribed and received USD 3.6 bn worth of orders \u2014 39% of which came from international investors and 61% from regional ones. The sukuk was priced at 110 basis points over US Treasuries with a 5.25% coupon rate. The proceeds will go towards projects under the company\u2019s green finance framework. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>JP Morgan and Standard Chartered are joint global coordinators and lead managers, and will also step in as book runners with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Ajman Bank, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Capital, Mashreq and Sharjah Islamic Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not their first: <\/strong>The company issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/83150651-043d-4168-8d5e-b364a31e549a\/%253cmark%253ealdar%253c%2Fmark%253e-properties-launches-usd-500-mn-green-sukuk\" style=\"\" rel=\"noopener\">USD 500 mn 10-year green sukuks<\/a> back in May 2024 \u2014 then the company\u2019s second issuance of its kind \u2014 at 110 basis points per share over US treasuries. The issuance attracted USD 1.9 bn in orders then, and took place under Aldar\u2019s USD 2 bn trust certificates programme. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>In January, Aldar Properties raised AED 9 bn (USD 2.45 bn) in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/85deb4ed-36a4-44b6-aae7-18d4c0160bb4\/%253cmark%253ealdar%253c%2Fmark%253e-raises-aed-9-bn-in-sustainability-linked-credit-facility\" style=\"\" rel=\"noopener\">sustainability-linked<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/85deb4ed-36a4-44b6-aae7-18d4c0160bb4\/%253cmark%253ealdar%253c%2Fmark%253e-raises-aed-9-bn-in-sustainability-linked-credit-facility\" style=\"\" rel=\"noopener\">syndicated senior credit facility<\/a>. The facility \u2014 structured as an unsecured committed multi-tranche revolving credit \u2014 stands as the largest sustainability-linked, syndicated transaction by a real estate company in the Middle East. <\/p>\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\/egypt\/\">Egypt<\/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\/imf\/\">IMF<\/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=\"89427\" 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=\"89427\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/multiply-group-mulls-sale-of-district-cooling-unit\/\">\r\n                            Multiply Group mulls sale of district cooling unit                        <\/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\/03\/14\/multiply-group-mulls-sale-of-district-cooling-unit\/\" 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 firm has enlisted Standard Chartered to advise on the potential transaction which could see it rake in some USD 1 bn in proceeds, the people said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Pal Cooling Holding:<\/strong> Founded in 2006, the Abu Dhabi-based firm owns and operates a portfolio of central cooling plants that supply chilled water for air conditioning at various stages of development, according to its <a target=\"_blank\" href=\"https:\/\/www.pchuae.com\/about\/\" style=\"\" rel=\"noopener\">website<\/a>. Pal has long-term contracts to supply over 600k tons of refrigeration (TR) of cooling. The company is <a target=\"_blank\" href=\"https:\/\/www.pchuae.com\/projects\/\" style=\"\" rel=\"noopener\">currently constructing<\/a> a cooling plant in Najmat with 49k RT installed capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>District cooling acquisitions history in UAE:<\/strong> Big players in the UAE market have been expanding their market share through acquisitions. Mubadala-backed Tabreed acquired <a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/news\/tabreed-acquires-worlds-largest-district-cooling-scheme-downtown-dubai\/#:~:text=06%20April%202020%20%E2%80%93%20Dubai%2C%20United,cost%20of%20AED%202.48%20billion%20(\" style=\"\" rel=\"noopener\">an 80% stake<\/a> in Emaar Properties\u2019 district cooling unit in 2020, and DFM-listed Dubai-based Empower snapped up the Dubai International Airport\u2019s <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2023\/may\/19-05\/dubai-international-airport-joins-empower\" style=\"\" rel=\"noopener\">district cooling assets<\/a> in 2023 and has recently been on an acquisition spree for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e91f4d59-2fc2-4119-95e5-8c9563588b8d\/uae%25e2%2580%2599s-empower-awards-contracts-for-dubai%25e2%2580%2599s-jumeirah-district-cooling-project\" style=\"\" rel=\"noopener\">more district cooling units<\/a> across the country. <\/p>\n<p class=\"tag-border-left\"> IN OTHER M&A UPDATES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala offloaded its indirect stake in Calisen \u2014 a UK-based provider of smart <\/strong><strong>meters and small-scale energy transition infrastructure,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-completes-the-sale-of-its-stake-in-calisen-a-leading-provider-of-smart-meters-in-uk\" style=\"\" rel=\"noopener\">press release<\/a> published on Monday. The move caps a four-year PE investment cycle alongside a consortium of other investors who took the company private for GBP 1.43 bn in 2020. It\u2019s noteworthy that Private equity firm EQT and Singapore's sovereign wealth fund GIC purchased <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/eqt-gic-acquire-majority-stake-calisen-consortium-investors-2024-12-02\/\" style=\"\" rel=\"noopener\">a majority stake in Calisen in December 2024<\/a> from the consortium, valuing the company at around GBP 4 bn at the time. Information about the value of the exit gain wasn\u2019t disclosed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/district-cooling\/\">district cooling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/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\/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=\"89429\" 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=\"89429\">\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\">WASTE TO ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-egypt\/\">\r\n                            Austrian companies reportedly eye WtE investments in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-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\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-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\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-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=Austrian companies reportedly eye WtE investments in Egypt&url=https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-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\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-egypt\/&title=Austrian companies reportedly eye WtE investments in 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=Austrian+companies+reportedly+eye+WtE+investments+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F03%2F14%2Faustrian-companies-reportedly-eye-wte-investments-in-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\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1113.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89430\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/austrian-companies-reportedly-eye-wte-investments-in-egypt\/1113-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1113.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1113.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1113.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1113.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89429\" class=\"content-area-description single-story post-89429 post type-post status-publish format-standard has-post-thumbnail hentry category-waste-to-energy tag-egypt tag-enterpriseclimate tag-waste-management tag-waste-to-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.d4185205-9bad-485e-af1a-a536628b2854.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Austria eyes WtE investments in Egypt: <\/strong>A consortium of unidentified Austrian companies is reportedly planning on developing four waste-to-energy (WtE) plants in Egypt with an investment ticket of EUR 150-250 mn each, renewable energy expert Al Gohary Al Shebiny told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/03\/12\/1874667\" style=\"\" rel=\"noopener\">Al Borsa<\/a> earlier this week on the sidelines of the Arab Forum for Pioneers in Economics, Investment, and International Cooperation. The companies have preliminary plans for plants in Cairo, Giza, Gharbia, and Dakahlia \u2014 which together can meet up to 30% of the country\u2019s electricity demand, Al Shebiny said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Things are already in motion: <\/strong>The Austrian investors have already conducted feasibility studies for the projects, which they plan to submit to the Egyptian government, Al Shebiny added. They are hoping to reach a 20-25 year usufruct agreement for the projects to allow time to recover from the high investment costs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plants: <\/strong>The WtE plants would burn non-recyclable solid waste and the heat produced triggers the rotation of a steam turbine to generate energy. Each plant would operate for up to 8.5 k consecutive hours before pausing for periodic maintenance. Filter systems are included to purify 99.9% of exhaust fumes \u2014 a feat making the facilities suitable for residential areas. Around 70% of the production line components would be manufactured locally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Austria? <\/strong>Austria already has an advanced waste management system in place that produces electricity and thermal energy for heating, Al Shebiny added. For example, the <a target=\"_blank\" href=\"https:\/\/positionen.wienenergie.at\/en\/projects\/spittelau-waste-incineration-plant\/\" style=\"\" rel=\"noopener\">Spittelau waste-to-energy plant<\/a> in Vienna processes 270k tons of waste annually to generate 500 GWh of heat, enough for 60k households. The <a target=\"_blank\" href=\"https:\/\/www.evn.at\/en\/home\/nachhaltigkeit\/environment\/abfallmanagement\" style=\"\" rel=\"noopener\">EVN thermal waste treatment plant<\/a> in Zwentendorf processes over 500k tons of household waste annually and generates around <a target=\"_blank\" href=\"https:\/\/kanglebao.com\/aio\/turning-trash-into-energy-inside-austrias-state-of-the-art-incinerator-facilities\/\" style=\"\" rel=\"noopener\">80<\/a><a target=\"_blank\" href=\"https:\/\/kanglebao.com\/aio\/turning-trash-into-energy-inside-austrias-state-of-the-art-incinerator-facilities\/\" style=\"\" rel=\"noopener\">GWh of electricity<\/a> and 200 GWh of heat per year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>A delegation of representatives from more than 15 Austrian companies is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a57d81a-6422-4c4b-9776-a62ac5bc6a79\/cyprus-is-prepared-to-export-natural-gas-to-europe-via-egypt\" style=\"\" rel=\"noopener\">visiting<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a57d81a-6422-4c4b-9776-a62ac5bc6a79\/cyprus-is-prepared-to-export-natural-gas-to-europe-via-egypt\" style=\"\" rel=\"noopener\">Cairo this month<\/a> to explore cooperation in the industrial sector. Austria is also working to prepare an MoU to be signed with the Madbouly government focused on renewable energy and green hydrogen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Egypt already wants to attract more WtE investments: <\/strong>The Environment and Finance Ministries are working to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3680d783-daed-465c-9b4c-5e6d6e25de6c\/egypt-wants%253cmark%253e-to%253c%2Fmark%253e-attract-more-wte-investments\" style=\"\" rel=\"noopener\">boost WtE investments<\/a> by amending laws regulating public contracts and increasing the feed-in tariff rate. Land for WtE projects has already been allocated across eight governorates for completion over the next three or four years. The government was set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cddb654f-695e-48b6-bb71-2f45e6624b83\" style=\"\" rel=\"noopener\">sign contracts<\/a> with eight local-foreign consortiums to produce a total of 1.7 TWh of electricity from municipal solid waste at a total cost of up to USD 1.2 bn in August. An <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8df415c-5c63-489d-b8bc-a682c59a8ef4\/learning-to-love-wte\" style=\"\" rel=\"noopener\">initial target<\/a> to generate 300 MW of electricity from WtE projects by 2025 was set in 2020.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-to-energy\/\">WASTE TO ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89431\" 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=\"89431\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/adnoc-mulls-ipo-of-low-carbon-chemicals-arm-xrg\/\">\r\n                            Adnoc mulls IPO of low-carbon, chemicals arm XRG                        <\/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\/03\/14\/adnoc-mulls-ipo-of-low-carbon-chemicals-arm-xrg\/\" 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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data-image-title=\"1028.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1028.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1028.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89431\" class=\"content-area-description single-story post-89431 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adnoc tag-enterpriseclimate tag-ipo-watch 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\/3\/.6d33c48a-9c1b-4144-a960-b8fd3ab966a3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s s<\/strong><strong>tate<\/strong><strong>-run energy firm Adnoc is reportedly weighing an IPO for its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe19397e-e25d-474d-9079-92e37655da13\/today:-adnoc-launches-xrg-to-invest-in-low-carbon-energy\" style=\"\" rel=\"noopener\">recently set up<\/a><\/strong> <strong> USD 80 <\/strong><strong>bn renewables and chemicals arm XRG on an international exchange<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/adnoc-eyes-international-listing-xrg-sources-say-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last Friday, citing sources with knowledge of the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc has been churning out IPOs for its subsidiaries since late 2017, starting with its <\/strong><strong>fuel retail arm\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.meed.com\/adnoc-raises-851m-from-ipo-of-retail-arm\/\" style=\"\" rel=\"noopener\">USD 851 mn<\/a><\/strong><strong> ADX debut. <\/strong>Since 2021, it has taken <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/details\/1395302974136\" style=\"\" rel=\"noopener\">Adnoc Drilling<\/a>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/hszrde3t-adnoc-and-ocis-fertiglobe-completes-landmark-ipo\" style=\"\" rel=\"noopener\">Fertiglobe<\/a>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/hszrgntq-adnoc-gas-lists-adx-abu-dhabi%E2%80%99s-largest-ever\" style=\"\" rel=\"noopener\">Adnoc Gas<\/a>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/hszrh7xl-adnoc-completes-historic-ipo-adnoc-ls-adx\" style=\"\" rel=\"noopener\">Adnoc Logistics & Services<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.borealisgroup.com\/news\/borouge-successfully-lists-on-adx-in-abu-dhabis-largest-ever-ipo\" style=\"\" rel=\"noopener\">Borouge<\/a> to the ADX, in some of the country\u2019s largest IPOs. Combined together, the offerings drummed up more capital than Saudi Aramco\u2019s record-breaking Tadawul IPO in 2019, excluding the USD 12 bn it raised in a follow-on offering last year, according to Reuters calculations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe19397e-e25d-474d-9079-92e37655da13\/today:-adnoc-launches-xrg-to-invest-in-low-carbon-energy\" style=\"\" rel=\"noopener\">founded XRG<\/a><\/strong><strong> in November 2024 with the aim of investing in lower-carbon energy <\/strong><strong>and chemicals<\/strong> as part of a broader plan to diversify the company\u2019s portfolio and reduce its reliance on oil revenue. The energy giant is prepping XRG to become one of the world\u2019s top five chemical producers and capture 70% of global demand by 2050. Its portfolio already includes <a target=\"_blank\" rel=\"noopener\">a majority stake<\/a> in Germany\u2019s Covestro and Borouge International. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a1c8975b-586f-4ed3-9aa6-6db9e32ea010\/adnoc%25e2%2580%2599s%253cmark%253e-xrg%253c%2Fmark%253e-gets-a-new-board\" style=\"\" rel=\"noopener\">XRG\u2019s board<\/a> includes former BP chief Bernard Looney, Blackstone President and COO Jon Gray, and Egyptian bn\u2019aire Nassef Sawiris. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline + listing venues:<\/strong> The minority stake sale is expected to materialize in about five years with New York and London among the potential listing venues, the people said. The move could make XRG one of the largest publicly traded energy firms in the world, according to the newswire. The London Stock Exchange (LSE) \u2014 home to stocks of major oil and gas players like Shell and BP \u2014 is a strong contender for XRG\u2019s potential IPO, one person told Reuters. However, the LSE has seen investors pull funds recently, which could be a drawback. Meanwhile, a listing on the New York Stock Exchange (NYSE) could fetch a higher valuation for XRG, making it a more attractive financial option. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But first\u2026 restructuring:<\/strong> Adnoc has yet to name a CEO and complete the transfer of assets to XRG before pursuing a public debut, the people said. The company \u2014 set up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe19397e-e25d-474d-9079-92e37655da13\/today:-adnoc-launches-xrg-to-invest-in-low-carbon-energy\" style=\"\" rel=\"noopener\">late last year<\/a> \u2014 is due to become operational this quarter with plans to double its USD 80 bn asset value over the next decade. Just last week, Adnoc announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">plans to transfer<\/a> its stake in Borouge International \u2014 a newly-merged polyolefins giant \u2014 to XRG, cementing its role as a primary vehicle for the state-run energy firm\u2019s international expansion into the chemicals industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Bank of America is said to be advising on XRG\u2019s strategy. <\/p>\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\/ipo-watch\/\">IPO watch<\/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=\"89433\" 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=\"89433\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status\/\">\r\n                            GI Water as a Service\u2019s series A funding propels it to unicorn status                        <\/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\/03\/14\/gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status\/\" target=\"_blank\">\n                    Open in 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-->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=GI+Water+as+a+Service%E2%80%99s+series+A+funding+propels+it+to+unicorn+status+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F03%2F14%2Fgi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status%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\/03\/14\/gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/908.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89434\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status\/908-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/908.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"908.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/908.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/908.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89433\" class=\"content-area-description single-story post-89433 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-aramco tag-enterpriseclimate tag-green-finance tag-investment-watch tag-oman tag-saudi-arabia tag-startup-watch tag-startups tag-wastewater-treatment 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\/3\/.a653b3e9-bae1-4e41-a6dd-13ec1b97690f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GI Water as a Service is MENA\u2019s first water unicorn: <\/strong>Water treatment startup GI Water as a Service \u2014 a Saudi-based subsidiary of Germany\u2019s <a target=\"_blank\" href=\"https:\/\/giaquatech.de\/\" style=\"\" rel=\"noopener\">GI Aqua Tech<\/a> \u2014 hit a USD 1.03 bn valuation after its series A funding round in January, becoming \u201cthe first water sector unicorn in the MENA region,\u201d according to <a target=\"_blank\" href=\"https:\/\/giaquatech.de\/gi-aqua-tech-series-a-funding-unicorn-saudi-arabia-water-tech\/\" style=\"\" rel=\"noopener\">a statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Funding details: <\/strong>The round included an \u201ceight-figure\u201d cash investment from Al Zamil Industry, Trade and Transport, and Alqunaibet Investment Fund for a 5.8% equity stake. The new funds will go to driving GI Water as a Service\u2019s market expansion, accelerate R&D, and advance wastewater reuse initiatives across sectors like petroleum and poultry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More rounds on the horizon: <\/strong>The company initially planned to delay additional fundraising until year-end, but now anticipates multiple rounds due to rising demand in Saudi Arabia and beyond. \u201cWe have a large pipeline of projects,\u201d including prospects to work on major projects with Souda, Diriyah, SIRC, and Agri-Serve, CEO Sherif Desouky told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>GI Water provides decentralized wastewater treatment through a pay-per-cubic-meter model, allowing clients to access services without upfront capital investment. Within a year, it delivered a major industrial wastewater project at Makkah's Magaz Al Adahi slaughterhouse. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Their flagship platform G-Nano is a wastewater treatment system<\/strong> that is branded as compact, scalable, and energy-efficient. The system continuously treats wastewater in 3 minutes \u2014 compared to 10-24 hours for traditional plants \u2014 and can be installed in small spaces, such as the parking lot of the Samhan Marriott in Diriyah, Desouky told EnterpriseAM. The company signed <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/gi-aqua-tech_wastewater-wastewatertreatment-activity-7273336870342713344-P_Bg\/\" style=\"\" rel=\"noopener\">an MoU<\/a> with Bahrain\u2019s Tahliya Water Treatment earlier this year to integrate the system into Tahliya\u2019s plants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking to make an international splash: <\/strong>While maintaining a primary focus on Saudi Arabia, GI Water is also pursuing international expansion. The company is in talks with investors from Singapore and Japan to enter East Asia, and is targeting regions with urgent water treatment needs, including India, Latin America, and Africa. \u201cWe are establishing a factory to produce G-Nano locally, which will serve as a hub for the Gulf and African markets,\u201d Desouky added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The company is currently developing solutions to improve treatment quality and cut costs. Future plans include tackling oil-related and high-salinity wastewater using the G-Nano system, with hopes of eventually signing agreements with leading energy companies, Desouky told us.<\/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 REGIONAL STARTUP WATCH UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- OIA invests in biopolymers: <\/strong>The Oman Investment Authority\u2019s (OIA) <a target=\"_blank\" href=\"https:\/\/oia.gov.om\/en\/our-investments\/future-generation-fund\" style=\"\" rel=\"noopener\">Future Generations<\/a><a target=\"_blank\" href=\"https:\/\/oia.gov.om\/en\/our-investments\/future-generation-fund\" style=\"\" rel=\"noopener\">Fund<\/a> has invested an undisclosed amount in US-based biopolymer company Tidal Vision as part of the startup\u2019s USD 140 mn Series B funding round, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/oman-investment-authority_oia-activity-7304863406145085440-3M95?utm_source=share&utm_medium=member_desktop&rcm=ACoAADIL8uMBbN4qssRSqsUc8Uxx6rmbI0a4dZQ\" style=\"\" rel=\"noopener\">statement<\/a> published on Tuesday. Tidal Vision converts renewable natural resources into chitosan \u2014 a biodegradable and non-toxic polymer extracted from crustacean shells that can act as an alternative to traditional chemicals. Chitosan can be used in water treatments, sustainable agriculture, and decarbonization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Aramco\u2019s <\/strong><strong>global venture arm Aramco Ventures led a USD 30 mn Series A funding round <\/strong><strong>for US-based climate-tech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spiritus.com\/\" style=\"\" rel=\"noopener\">Spiritus<\/a><\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/beverlyhillschamber\/20250306128973\/en\" style=\"\" rel=\"noopener\">a press release<\/a> issued last week. California VC firms <a target=\"_blank\" href=\"https:\/\/www.khoslaventures.com\/\" style=\"\" rel=\"noopener\">Khosla Ventures<\/a> and <a target=\"_blank\" href=\"https:\/\/www.tdk.com\/en\/about_tdk\/tdk_ventures\/index.html\" style=\"\" rel=\"noopener\">TDK Ventures<\/a>, along with Tokyo\u2019s <a target=\"_blank\" href=\"https:\/\/www.mhi.com\/company\/regions\/amer\" style=\"\" rel=\"noopener\">Mitsubishi Heavy Industries America<\/a> also participated in the round. The funds will be used to scale Spiritus\u2019 direct capture technology by accelerating its three major carbon capture facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Aramco\u2019s first rodeo with Spiritus:<\/strong> Aramco <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/07073c12-f4b3-43dc-82f4-d3def8da7f18\/\" style=\"\" rel=\"noopener\">inked an MoU<\/a> in May of last year with Spiritus to explore potential investments in direct air capture to help address challenges related to the implementation of the technology due to its high costs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Aramco Ventures is making significant investments in climate tech:<\/strong> Aramco Ventures <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1a6539b4-9a45-428a-98fb-195caca4c083\/\" style=\"\" rel=\"noopener\">participated<\/a> in US-based CarbonCapture\u2019s USD 80 mn Series A funding round in March 2024. Additionally, it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6bbd48a5-1a5b-45d0-ba5d-db9293efcfce\/\" style=\"\" rel=\"noopener\">invested USD 10 mn<\/a> in Singapore-based renewable energy certificate service provider Redex back in November 2023, and backed new technology from American start-up Rondo Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fea9485b-f44f-4d20-aa5e-94183d6b9e87\/\" style=\"\" rel=\"noopener\">earlier in August 2023<\/a>.<\/p>\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\/aramco\/\">Aramco<\/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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/startups\/\">startups<\/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=\"89435\" 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=\"89435\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/mubadala-backed-egas-net-income-drops-in-2024\/\">\r\n                            Mubadala-backed EGA\u2019s net income drops in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/mubadala-backed-egas-net-income-drops-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company recorded a 3% rise in revenue to AED 30.4 bn during the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers:<\/strong> The net income decline was primarily driven by the suspension of bauxite exports from its Guinea Alumina Corporation (GAC) subsidiary after the Guinean government halted shipments in October 2024. This led to a reduction in bauxite exports to 10.8 mn in 2024, down from 14.1 mn wet metric tonnes in 2023. The introduction of a 9% corporate tax in the UAE at the start of 2024 also impacted earnings. Meanwhile, the rise in revenues was driven by higher aluminum prices, record hot metal and alumina production, and growing sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> EGA expects aluminum price volatility to persist in 2025 amid global trade tensions, particularly after the recent US tariffs on the metal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EGA had a busy year:<\/strong> The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1fb4be87-7ef4-45d9-b8ed-9d55528982e8\/\" style=\"\" rel=\"noopener\">acquired an 80% stake<\/a> in Minnesota-based Spectro Alloys in October. It also completed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/238d0c43-4163-4b10-a975-7890b998ad85\" style=\"\" rel=\"noopener\">a full acquisition<\/a> of German aluminum recycling company Leichtmetall Aluminum Giesserei from Leichtmetall Holding in May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the decarbonization front:<\/strong> The company is developing the UAE\u2019s largest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6ff085a9-74ff-46d7-a116-489399c10197\" style=\"\" rel=\"noopener\">aluminium<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6ff085a9-74ff-46d7-a116-489399c10197\" style=\"\" rel=\"noopener\">recycling facility<\/a> in Al Taweelah, with a planned capacity of 170k tonnes per year starting early 2026. EGA is also piloting its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/36ddb786-bbab-4ed8-9fef-d46c4794c8b7\" style=\"\" rel=\"noopener\">next-gen EX smelting technology<\/a>, designed to cut greenhouse gas emissions by up to 12%, with the first hot metal from the pilot expected in mid-2025. <\/p>\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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emirates-global-aluminum\/\">Emirates Global Aluminum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-manufacturing\/\">GREEN MANUFACTURING<\/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\/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=\"89437\" 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=\"89437\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/mena-ups-recycling-efforts-pushes-for-solar-capacity-growth-and-more-this-week\/\">\r\n                            MENA ups recycling efforts, pushes for solar capacity growth, and more this week                        <\/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\/03\/14\/mena-ups-recycling-efforts-pushes-for-solar-capacity-growth-and-more-this-week\/\" 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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USD 8 mn) agreement to acquire new production lines from various European manufacturers for its factories in Riyadh, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85728&anCat=1&cs=9540&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> issued on Wednesday. The high-efficiency lines will increase the company\u2019s recycling capacity to 500k tons annually, focusing on recycling and producing iron, copper, aluminum, stainless steel, and precious metals. Delivery and installation are set for completion by August 2025. No further details have been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Qatar <\/strong><strong>gets a new battery recycling plant: <\/strong>Qatar-based luxury real estate developer JMJ Group Holding has inaugurated a large-scale lead-acid battery recycling plant \u2014 dubbed Nafees Batteries \u2014 that will convert lead-acid batteries into lead alloy ingots, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/touch\/article\/IND\/431545\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reported last week. The plant \u2014 located in the Mesaieed region \u2014 aims to reduce waste, decrease reliance on imported materials, and increase energy efficiency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not JMJ\u2019s first green project:<\/strong> The company\u2019s subsidiary QD Recycling Factory inaugurated <a target=\"_blank\" href=\"https:\/\/jmjgroupholding.com\/en\/news\/our-group-drives-qatars-sustainable-manufacturing-agenda-with-new-qd-recycling-factory\" style=\"\" rel=\"noopener\">another recycling plant<\/a> in 2023 for ferrous and non-ferrous scrap metal to produce a range of aluminum and copper-based alloys. JMJ also signed an MoU with the Gulf Organisation for Research and Development to expand <a target=\"_blank\" href=\"https:\/\/jmjgroupholding.com\/en\/news\/gord-and-jmj-group-holding-partner-to-drive-sustainable-urban-development-in-qatar\" style=\"\" rel=\"noopener\">green building practices<\/a> across its projects using GORD's <a target=\"_blank\" href=\"http:\/\/gsas.gord.qa\/gsas-overview\/\" style=\"\" rel=\"noopener\">Global Sustainability Assessment System<\/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\">SOLAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- One step forward for Eksim Energy\u2019s PV park: <\/strong>Renewables firm Eksim Energi completed the first 45 MW phase of the 191.4 MW \u015eanl\u0131urfa Viran\u015fehir solar PV plant in southeastern Turkey has begun commercial operations, <a target=\"_blank\" href=\"https:\/\/balkangreenenergynews.com\/eksim-energy-completes-part-of-turkeys-second-largest-pv-park\/\" style=\"\" rel=\"noopener\">Balkan Green Energy News<\/a> reported on Tuesday. The plant is located on 280 hectares of land in the southeastern \u015eanl\u0131urfa province. The company was awarded the power purchase agreement and a 30-year concession for the project during a renewable energy auction in 2022. Eksim Energi wants to add 1.5 GW of renewable energy capacity to its domestic and international portfolio by 2029, targeting reaching a total of 2.2 GW capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>KarmSolar <\/strong><strong>almost triples capacity with new partnerships: <\/strong>Solar energy utility KarmSolar has partnered with three Egypt-based agribusinesses to nearly triple its contracted electricity supply capacity to 8.37 MW in the Farafra Solar Grid, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/719.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> published on Monday. The company has agreed to supply 2 MW of electricity to potato exporter Daltex, and 3.17 MVA to Al Mazare\u2019 for food manufacturing and cooling, and Al Hoda for land rehabilitation and cultivation. The expansion \u2014 to be funded by equity investments \u2014 is part of a microgrid that integrates solar PV panels, battery storage, and diesel generators into a centralized distribution network.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>KarmSolar secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b31acf4b-e4fd-4b09-b654-75f7c82d989f\" style=\"\" rel=\"noopener\">EGP 83 mn in funding<\/a> in 2023 from our friends at HSBC to develop a solar grid in Farafra, the company\u2019s second microgrid after the Marsa Alam Solar Grid. The company also signed up Juhayna and Nawa for Agricultural Investment as offtakers and secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86c29889-3bf4-48b2-aaa5-5af68c5682a1\/spotlight:-karmsolar-ceo-and-co-founder-ahmed-zahran\" style=\"\" rel=\"noopener\">exclusive power distribution rights<\/a> for the 67k-acre stretch of land the grid is located on. <\/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\">GREEN MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Environmental Recycling Co. (Tadweer) purchased production lines <\/strong><strong>worth SAR 23.4 mn for its Riyadh factories<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85728&anCat=1&cs=9540&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> on Tuesday. The new equipment is expected to come online in August this year, allowing it to raise production and recycling capacity to 500k tons of iron, copper, aluminum, precious metals, and stainless steel.<\/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\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Opec Fund is providing a USD 35 mn loan to the Uzbekistan state-backed, joint-stock <\/strong><strong>Asaka Bank to finance climate action and agricultural projects<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/opecfund.org\/media-center\/press-releases\/2025\/opec-fund-provides-us-35-million-loan-to-asaka-bank-to-support-food-security-and-climate-action-in-uzbekistan\" style=\"\" rel=\"noopener\">press release<\/a> issued on Monday. The bank will on-lend the money to SMEs and agribusinesses to help them acquire more advanced technology and expand their market presence. <\/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 country\u2019s agriculture sector accounts for 25% of its GDP, but the sector has been struggling with climate change-induced extreme weather and water scarcity, as well as limited financial support for mitigation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund has been busy:<\/strong> The Mauritanian government and the Opec Fund for International Development signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e330db59-a3fd-4404-aec7-d9e7777fbb61\" style=\"\" rel=\"noopener\">a framework agreement last month for USD 120 mn<\/a> in financing targeting sustainability and clean energy projects from 2025-27. It also signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/68225443-e458-4a9f-ad19-c4d77a54f9b1\" style=\"\" rel=\"noopener\">EUR 50 mn loan agreement<\/a> with the Development Bank of Turkey to support on-lending investments into renewable energy expansion, energy efficiency, climate resilience, and technology development.<\/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>Acwa <\/strong><strong>opens<\/strong><strong> first overseas innovation center in China:<\/strong> Saudi Arabia\u2019s Acwa Power has inaugurated its first overseas innovation center in Shanghai\u2019s Pudong New Area, investing USD 2.8 mn for the initial phase. The company has inked MoUs with Gulf Renewables Laboratory and Shanghai Jiao Tong University to boost technical expertise and research collaborations on solar PVs, wind, energy storage, green hydrogen, and seawater desalination. (<a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-launches-its-first-overseas--innovation-centre-in-china\/#\" style=\"\" rel=\"noopener\">Press release<\/a>) <\/li>\n<li><strong>Iraq <\/strong><strong>to transition government buildings to solar: <\/strong>Iraq has launched a project to switch almost 5k government buildings to a solar power system, with the first phase targeting 543 ministries, public hospitals, schools, and government offices in Baghdad. The program includes solar water heaters and will include smart meters in the future. (<a target=\"_blank\" href=\"https:\/\/ina.iq\/eng\/38691-renewable-energy-team-launches-solar-power-initiative-for-5000-government-buildings.html\" style=\"\" rel=\"noopener\">Iraq News Agency)<\/a> <\/li>\n<li><strong>Yellow <\/strong><strong>Door<\/strong><strong> + SIG kick off 2 MW project in Riyadh: <\/strong>Emirati renewable energy developer Yellow Door Energy and Switzerland-based sustainable packaging tech provider SIG have inaugurated their 2 MW solar project in Riyadh. The 8k sqm venture boasts upwards of 3.2k solar panels and aims to reduce carbon emissions by 1.3k tons per year. (<a target=\"_blank\" href=\"https:\/\/www.yellowdoorenergy.com\/insights\/yellow-door-energy-and-sig-sign-2-mwp-solar-lease-in-saudi-arabia-under-the-patronage-of-modon\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Duqm <\/strong><strong>Port <\/strong><strong>explores clean energy, EV charging with OOMCO:<\/strong> Port of Duqm Company and Oman Oil Marketing Company (OOMCO) have inked an MoU to explore the deployment of solar energy systems, biofuels, and EV charging stations at the port. (<a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1167506\/business\/energy\/oomco-to-deliver-clean-energy-to-port-of-duqm\" style=\"\" rel=\"noopener\">Oman Observer<\/a>)<\/li>\n<li><strong>Palm Gateway taps Empower for cooling services: <\/strong>Empower will provide 9.47k RT of sustainable district cooling to the Palm Gateway project in Palm Jumeirah. The project will become operational in 2Q 2026. (<a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/967.pdf\" style=\"\" rel=\"noopener\">Press Release.pdf<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/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\/investment-authority\/\">Investment Authority<\/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\/opec-fund\/\">OPEC Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweeer\/\">Tadweeer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweer\/\">Tadweer<\/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=\"89439\" 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=\"89439\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/03\/14\/us-eyes-drcs-critical-minerals\/\">\r\n                            US eyes DRC\u2019s critical minerals                        <\/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\/03\/14\/us-eyes-drcs-critical-minerals\/\" 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 project would provide energy security to some 1.5-2 mn people, aligning with the country\u2019s goal to increase renewables\u2019 share in its electricity mix from 22% to 50%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US<\/strong><strong> + DRC<\/strong> <strong>in talks<\/strong><strong> over minerals agreement:<\/strong> The US is in early discussions with the Democratic Republic of Congo (DRC) over a potential agreement granting American firms access to the African country\u2019s critical mineral reserves, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3f638e29-4790-4a10-b5b7-a79f9ef55491\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported last week. The DRC \u2014 rich in copper, cobalt, and uranium \u2014 proposed an agreement last month that would allow US companies to extract resources and collaborate on a strategic mineral stockpile, according to a <a target=\"_blank\" href=\"https:\/\/efile.fara.gov\/docs\/7420-Informational-Materials-20250227-4.pdf\" style=\"\" rel=\"noopener\">letter<\/a> sent to US Secretary of State Marco Rubio on behalf of Congolese Senator Pierre Kanda Kalambayi, according to FT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The catch?<\/strong> Washington would provide political and security support to President F\u00e9lix Tshisekedi, whose government is battling M23 rebels in the country\u2019s mineral-rich east, FT reports. The group \u2014 allegedly backed by Rwanda \u2014 has seized key mining areas in recent months, and continues to profit from the coltan trade through taxing informal mining operations to fund weapons and supplies. The group has been reportedly responsible for several human rights violations against civilian populations, some of them reduced to de facto slavery, <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/how-this-conflict-mineral-gets-smuggled-into-everyday-tech-5a4b197f?\" style=\"\" rel=\"noopener\">the Wall Street Journal<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The discussions follow the Trump administration\u2019s push to secure critical supply chains after the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/d8eded6b-938d-40cd-94b9-c3080d31c92b\/\" style=\"\" rel=\"noopener\">fallout of the Ukrainian agreement<\/a> last week, while also reducing Chinese resource extraction and influence in Africa. No major US mining firms have operated in the DRC since Freeport-McMoRan exited the Tenke Fungurume copper mine in 2016, the FT added. <\/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>Cosmo<\/strong> <strong>to launch Japan\u2019s first domestic SAF production in April:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.cosmo-energy.co.jp\/en\/top.html\" style=\"\" rel=\"noopener\">Cosmo<\/a><a target=\"_blank\" href=\"https:\/\/www.cosmo-energy.co.jp\/en\/top.html\" style=\"\" rel=\"noopener\">Energy Holdings<\/a> will kick off Japan\u2019s first domestic production of sustainable aviation fuel (SAF) in April, using used cooking oil at its Sakai refinery in western Japan. The country\u2019s third-largest refiner aims to produce 24k kiloliters in FY 2025, with most of the output already secured by Japan Airlines, ANA, and DHL. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/cosmo-launch-japans-first-sustainable-aviation-fuel-production-april-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul>\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\/critical-metals\/\">critical metals<\/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\/mining\/\">MINING<\/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\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89441\" 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=\"89441\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/\">\r\n                            Europe\u2019s defense pivot to drain climate funding for emerging markets                        <\/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\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/\" 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\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/')\">\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\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/\">\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=Europe\u2019s defense pivot to drain climate funding for emerging markets&url=https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/\">\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\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/&title=Europe\u2019s defense pivot to drain climate funding for emerging markets\">\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=Europe%E2%80%99s+defense+pivot+to+drain+climate+funding+for+emerging+markets+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F03%2F14%2Feuropes-defense-pivot-to-drain-climate-funding-for-emerging-markets%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\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1196.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89442\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/03\/14\/europes-defense-pivot-to-drain-climate-funding-for-emerging-markets\/1196-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1196.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1196.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1196.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1196.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89441\" class=\"content-area-description single-story post-89441 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-european-union tag-green-finance 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\/3\/.4f654682-c874-4d33-ac47-4c90acc333bf.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Europe <\/strong><strong>slashes<\/strong><strong> climate funds to fuel military build-up: <\/strong>European governments are diverting EUR bns in climate finance to ramp up defense spending, putting climate aid commitments on the back burner, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-05\/europe-s-defense-budget-needs-threatens-climate-ambitions?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week. The UK is cutting USD 7.6 bn in aid to fund military expansion, while Germany plans to slash development finance by nearly USD 1 bn. The Netherlands is also trimming USD 2.5 bn, with similar reductions reported from Finland, Sweden, and Switzerland. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commitment issues:<\/strong> The spending cut follows pledges at COP29 to provide <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d8c83d7e-3f4d-4776-9c13-15480203c218\/\" style=\"\" rel=\"noopener\">USD 300 bn<\/a> of climate financing to emerging economies, a figure that is far below the USD 1.3 tn that emerging countries and experts say is needed to keep global warming below 1.5 C\u00b0. Developed countries \u2014 led by the European Union \u2014 have also blocked attempts during COP29 to raise their pledged public financing, arguing that emerging nations should also seek more debt-based private financing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The stock market tells a similar story<\/strong>, with the S&P Global Clean Energy Index declining 40% since the Russian-Ukrainian conflict, while the S&P Global 1200 Aerospace & Defense index went up 64% in the same period. <\/p>\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\/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\/european-union\/\">European Union<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89443\" 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\/03\/14\/89443\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89443\" class=\"content-area-description single-story post-89443 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\">MARCH<\/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>9-11 September (Tuesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/company\/gweccc\/posts\/?feedView=all\" 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>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\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>Green hydrogen investors tapped by Morocco | Scatec has new solar + BESS PPA in Egypt | IMF\u2019s new climate financing for Egypt<\/p>\n","protected":false},"featured_media":89417,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-89416","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1d226666-e164-4e35-a5e4-3a5367ec58a6","teaser":"Green hydrogen investors tapped by Morocco | Scatec 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