{"id":89609,"date":"2025-04-18T00:00:00","date_gmt":"2025-04-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=89609"},"modified":"2025-12-15T12:15:23","modified_gmt":"2025-12-15T12:15:23","slug":"oman-advances-green-hydrogen-ambitions-ventures-into-wind-turbine-production","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/oman-advances-green-hydrogen-ambitions-ventures-into-wind-turbine-production\/","title":{"rendered":"Oman advances green hydrogen ambitions, ventures into wind turbine production"},"content":{"rendered":"<section id=\"89611\" 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=\"89611\">\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\/04\/18\/top-stories-uk-offshore-grid-major-acquired-by-taqa-omans-on-a-roll\/\">\r\n                            TOP STORIES: UK offshore grid major acquired by Taqa + Oman\u2019s on a roll                        <\/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\/04\/18\/top-stories-uk-offshore-grid-major-acquired-by-taqa-omans-on-a-roll\/\" 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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Oman is featured heavily in this week\u2019s issue, with updates on a new wind turbine making venture and hydrogen infrastructure. We also have an update on Taqa Transmission\u2019s latest M&A moves. But first, an update on the latest target of the US tariff policy\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD THIS WEEK- <\/strong><strong>Trump <\/strong><strong>probes tariffs on critical mineral imports:<\/strong> US President Donald Trump has ordered the Commerce Department to launch a national security probe into tariffs on critical minerals imports, the White House <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/04\/ensuring-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products\/\" style=\"\" rel=\"noopener\">announced<\/a> on Tuesday. <\/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 probe would conclude within 180 days after assessing whether critical minerals imports threaten to \u201cimpair national security.\u201d The President would then decide whether to impose tariffs on the imports, which would replace the levies Trump announced earlier this month, according to a White House <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/04\/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products\/\" style=\"\" rel=\"noopener\">fact sheet<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The review will examine vulnerabilities in processing supply chains for all critical minerals <\/strong>\u2014 including cobalt, nickel, uranium, and the 17 rare earths \u2014 and investigate how foreign actors may be distorting markets. It will also identify potential policy tools to scale up domestic supply and recycling and calls for an assessment of US capabilities to produce semi-finished goods such as battery cathodes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the US is behind across the board: <\/strong>The US currently produces minimal lithium, has only one nickel mine and no smelter, and lacks any cobalt mining or refining infrastructure, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/trump-signs-order-launching-probe-into-reliance-imported-critical-minerals-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The country operates just two copper smelters and remains reliant on imports to process most of its copper output. The same applies on rare earths mine, with most processed supply coming from China. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- China has been tightening its control as leverage: <\/strong>China restricted exports of seven categories of medium and heavy rare earths <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9289fd9a-65d1-4660-aafc-7c0056b41486\" style=\"\" rel=\"noopener\">last week<\/a> as part of a set of countermeasures against renewed tariffs by Trump. <strong>You can find more below about the impact of China export controls. <\/strong><\/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\/commodities\/trump-signs-order-launching-probe-into-reliance-imported-critical-minerals-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7ac046c1-0a6a-40db-970c-579070c7a55a\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/16\/trump-orders-tariff-probe-on-all-us-critical-mineral-imports.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-15\/trump-launches-critical-minerals-probe-with-eye-to-new-tariffs\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-trump-tariffs-trade-war-04-16-25\/card\/trump-administration-launches-critical-minerals-tariff-probe-U27BVrYs8SVWLAf5EJ0Z\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The IMF and World Bank\u2019s spring meetup will kick off next Monday <\/strong>amid the global economy grappling with mounting trade tensions and tariff escalations. The six-day <a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\">2025 Spring Meetings of the IMF and World Bank Group<\/a> will bring together policymakers, central bankers, economists, private sector leaders, and more to discuss what the year ahead holds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The mood of the meetup is already starting to become clear<\/strong>, with World Bank President Ajay Banga telling reporters yesterday that \u201cuncertainty and volatility are undoubtedly contributing to a more cautious economic and business environment,\u201d according to <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20250416-global-uncertainty-will-certainly-hit-growth-world-bank-president\" style=\"\" rel=\"noopener\">AFP<\/a>. <\/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>#2- The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/abudhabi.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">Electric Vehicle Innovation Summit<\/a><\/strong><strong> conference from Monday, 21 <\/strong><strong>April until Wednesday, 23 April <\/strong>in Abu Dhabi. The summit is the largest of its kind and brings together industry players to address and collaborate on sustainable transportation. Among the <a target=\"_blank\" href=\"https:\/\/abudhabi.evinnovationsummit.com\/participants\/\" style=\"\" rel=\"noopener\">full list of attendees<\/a> are representatives of notable players in the industry, such as like Tesla, Volvo, Chinese electric vehicle maker Xpeng, Abu Dhabi-based EV charging provider <a target=\"_blank\" href=\"https:\/\/www.catec.ae\/\" style=\"\" rel=\"noopener\">CATEC<\/a>, and UAE\u2019s Emirates Transport.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WHAT WE\u2019RE TRACKING REGIONALLY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#1<\/strong><strong>-<\/strong><strong> Qatar and Indonesia are planning to set up a USD 4 bn joint fund targeting investment in <\/strong><strong>key Indonesian industries, including renewable energy<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/indonesia-qatar-create-4-bln-joint-fund-investing-indonesia-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Tuesday. Each nation will be represented by its sovereign wealth funds \u2014 the Qatar Investment Authority and Indonesia\u2019s Danantara \u2014 and each will dedicate USD 2 bn to the joint investment venture, which would also look at other sectors, such as health and technology. Danantara \u2014 Indonesia\u2019s second sovereign wealth fund \u2014 was launched just <a target=\"_blank\" href=\"https:\/\/www.aseanbriefing.com\/news\/indonesia-officially-launches-new-sovereign-wealth-fund-danantara\/\" style=\"\" rel=\"noopener\">last month<\/a> with an initial capital of USD 61 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/50e1f87b-f538-4bf9-96cd-e61a9d7c2bf8\/\" style=\"\" rel=\"noopener\">second phase<\/a><\/strong><strong> of the Jordan-Iraq electricity interconnection project is expected <\/strong><strong>to be completed by the end of August<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1BcUKyqgSA\/\" style=\"\" rel=\"noopener\">statement<\/a> issued on Tuesday. When fully operational, it will transmit 150-200 MW of electricity from Jordan to Iraq\u2019s Al-Qa\u2019im region via a 400 kV transmission line. Jordan and Iraq <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/23956d8f-bb70-4b57-b2fe-31e886440c13\/\" style=\"\" rel=\"noopener\">inked the agreement<\/a> to link their electricity grids last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jordan ? its neighbours:<\/strong> The country\u2019s grid is linked to Egypt through a 400 kV submarine cable with a 550 MVA capacity, and to Syria via an overhead line at the same voltage level. Jordan also supplies Palestine with some 80 MW through a 33 kV line. Jordan is also finalizing agreements with Saudi Arabia to start constructing the Jordan-Saudi interconnection project, the first phase of which will have a 500 MW capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- PIF-backed EV maker Lucid Motors is <\/strong><strong>on track to launch its new midsize electric SUV in 2026<\/strong>, company executives told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/lucid-says-it-is-track-enter-midsize-electric-suv-market-next-year-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Tuesday. The EV maker said it has already begun preparing the assembly line and finalizing vendor contracts. The new <a target=\"_blank\" href=\"https:\/\/insideevs.com\/reviews\/728097\/lucid-midsize-ev-suv-2026\/\" style=\"\" rel=\"noopener\">unnamed model<\/a> is expected to have a USD 50k price point, which is set to make it the most affordable Lucid model thus far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On track despite the odds\u2026 so far: <\/strong>\u201cThere are a lot of crazy things going on in the world that can affect the timeline, but currently Lucid is on track,\u201d Lucid\u2019s VP Derek Jenkins told Reuters. The company is working to minimize the impact of potential Trump tariffs by localizing its supply chain, including inking agreements with battery cell and graphite suppliers in the US, Interim CEO Marc Winterhoff told Reuters. Lucid does not plan to raise prices at this stage, Winterhoff added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong> Lucid has been ramping up its SUV launches in a bid to pick up a larger from competitors, with its first SUV models \u2014 Gravity \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b276c13d-aef4-4c87-9d2f-5efc228cb256\/\" style=\"\" rel=\"noopener\">scheduled for launch this year<\/a> with a price tag ranging between USD 79k and USD 95k. The news about the new affordable option is set to help the luxury EV maker compete with other producers making affordable models, such as Tesla\u2019s bestselling Model Y, Ford\u2019s Mustang Mach-E, Hyundai\u2019s Ioniq 5, and the upcoming Rivian R2, according to a press release issued on Tuesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#4- <\/strong><strong>Saudi <\/strong><strong>Arabia and the US are working on a nuclear cooperation agreement, with signing <\/strong><strong>planned before the end of this year, <\/strong>US Energy Secretary Chris Wright told <a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/business\/energy\/2025\/04\/13\/us-saudi-nuclear-agreement-just-months-away-says-energy-secretary\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> on Sunday. If reached, the agreement \u2014 dubbed \u201d123 agreement\u201d from <a target=\"_blank\" href=\"https:\/\/www.state.gov\/bureau-of-international-security-and-nonproliferation\/releases\/2025\/01\/123-agreements\" style=\"\" rel=\"noopener\">Section 123 of the U.S. Atomic Energy Act of 1954<\/a> \u2014 would mark a pivotal moment for the Saudi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e1986ed8-c192-4632-a92b-58dba9eb3417\/ksa-exploring-china%25e2%2580%2599s-offer-to-set-up-nuclear-plant-to-sidestep-the-us%25e2%2580%2599s-non-proliferation-requirements\" style=\"\" rel=\"noopener\">commercial nuclear ambitions<\/a> after the Kingdom lobbied the US to ease its restrictions on bilateral nuclear cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, what stalled an agreement? <\/strong>Negotiations on a US-Saudi nuclear cooperation agreement have been slow as Riyadh reportedly held back from promising that it would not enrich uranium or reprocess spent fuel, two key steps for countries that wish to start building their own nuclear weapons, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudi-arabia-us-pathway-civil-nuclear-agreement-us-energy-secretary-says-2025-04-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Sunday. Saudi has long maintained that it would head down the nuclear pathway if Iran were to successfully develop nukes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> The agreement \u2014 dubbed as \u201c123 Agreement\u201d \u2014 takes its name from <a target=\"_blank\" href=\"https:\/\/www.state.gov\/bureau-of-international-security-and-nonproliferation\/releases\/2025\/01\/123-agreements\" style=\"\" rel=\"noopener\">Section 123 of the US Atomic<\/a><a target=\"_blank\" href=\"https:\/\/www.state.gov\/bureau-of-international-security-and-nonproliferation\/releases\/2025\/01\/123-agreements\" style=\"\" rel=\"noopener\">Energy Act of 1954<\/a> that regulates nuclear cooperation between the US and other countries. The act requires potential US partners to meet specific requirements, including maintaining IAEA safeguards and the physical security of nuclear material, before an agreement can be finalized.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Dewa\u2019s <\/strong><strong>green HQ on the brink of completion: <\/strong>The Dubai Electricity and Water Authority\u2019s (Dewa) new AED 1.5 bn (USD 408 mn) net-zero <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/about-us\/strategic-initiatives\/al-sheraa-building\" style=\"\" rel=\"noopener\">Al Shera\u2019a headquarters<\/a> is set to be completed in 4Q 2025, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/v\/16GjzzjqPy\/\" style=\"\" rel=\"noopener\">statement<\/a> issued on Sunday. The building will produce 7 GWh of energy annually using over 20 sq km of PV solar panels with 4 MWp capacity, which will <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/dubais-dewa-to-complete-408mln-net-zero-headquarter-building-by-q4-2025-kezaauis\" style=\"\" rel=\"noopener\">exceed<\/a> the energy consumed. Another 1k sqm of building-integrated PV panels to increase total capacity to 5 MWp. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Tabreed is eyeing Asian expansion: <\/strong>Abu Dhabi\u2019s National Central Cooling Company (Tabreed) plans to enter Indonesia, Thailand, and Vietnam as it builds on its India operations, CEO Khalid Al Marzooqi told <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4565930\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D9%84%D9%80-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF----%D8%AA%D8%A8%D8%B1%D9%8A%D8%AF--%D8%AA%D8%B3%D8%AA%D9%83%D8%B4%D9%81-%D9%81%D8%B1%D8%B5%D8%A7-%D8%A7%D8%B3%D8%AA%D8%AB\" style=\"\" rel=\"noopener\">Al Etihad<\/a> last week. The district cooling giant also secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c82d5c9-4dc0-4ed0-8e36-1c0296189e57\/\" style=\"\" rel=\"noopener\">USD 700 mn green sukuk<\/a> to fund sustainable projects, and agreed on an AED 1.5 bn JV with Dubai Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/884281cb-7efe-4879-a1c0-4f56ace637f5\/\" style=\"\" rel=\"noopener\">last month<\/a> to build a cooling system for Palm Jebel Ali, which is set to be operational by 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/archer.com\/\" style=\"\" rel=\"noopener\">Archer Aviation<\/a><\/strong><strong> will bring its Midnight electric vertical take-off and landing (<\/strong><strong>eVTOL<\/strong><strong>) <\/strong><strong>aircraft to high-traffic areas in Abu Dhabi<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2025\/04\/10\/archer-aviation-eyes-corniche-saadiyat-and-western-abu-dhabi-for-air-taxi-network\/\" style=\"\" rel=\"noopener\">National<\/a> reported last week. The areas include the Corniche, Saadiyat Island, and parts of western Abu Dhabi like Al Bateen, Al Khalidiya, and Al Maqtaa. A detailed network plan for the eVTOLs will be announced in \u201cthe near future,\u201d as the company continues to work with local authorities to make the city the first to offer Midnight eVTOLs to the public, Chief Commercial Officer Nikhil Goel told the news outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A closer look: <\/strong>An initial fleet of less than five eVTOLs will gradually be expanded as demand and infrastructure develop. Rides within Abu Dhabi are estimated to cost between AED 300 and AED 350, while inter-emirate journeys will range between AED 800 and AED 1.5k. Prices will depend on market conditions and will be similar to the cost of taxi journeys, Goel said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Archer Aviation teamed up with Abu Dhabi Aviation (ADA) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3078d3e3-eefc-4b9f-9fdf-e8a56c370306\/more-firms-set-up-shop-in-difc-%2B-jafza-earmarks-aed-90-mn-to-expand-logistics-park\" style=\"\" rel=\"noopener\">last month<\/a> to fund the deployment of the eVTOL aircraft in Abu Dhabi. Test flights are scheduled to begin <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26db7b2e-aa16-4172-a432-57ce763c7c78\/this-morning:-arab-countries-back-usd-53-bn-gaza-reconstruction-plan-%2B-iraq-to-tap-local-firm-to-develop-new-airport%3F\" style=\"\" rel=\"noopener\">this summer<\/a>, with full commercial operations expected to launch this year. It is also developing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/887887c4-a7ee-4d3a-9a38-dd6276b7880b\/\" style=\"\" rel=\"noopener\">\u201cvertiport\u201d network<\/a> in collaboration with Falcon Aviation.<\/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>ditches 1.5\u00b0C target: <\/strong>The Net-Zero Banking Alliance (NZBA) has voted to loosen its climate commitment rules, shifting its target from limiting global warming to 1.5\u00b0C to a broader \u201cwell below 2\u00b0C\u201d threshold, NZBA chair Shargiil Bashir told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/banks-vote-loosen-climate-coalition-membership-rules-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Tuesday. The revised mandate \u2014 no longer requiring banks to align all sectoral financing with the 1.5\u00b0C target \u2014 is meant to accommodate slower-than-expected progress in green tech and policy, especially in hard-to-abate sectors like housing and aviation, Bashir said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> The NZBA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6d8b722e-f5f8-4594-b5a3-2d26633a1fef\/\" style=\"\" rel=\"noopener\">proposed<\/a> this policy change last month after a string of exits over the last few months, including of four Canadian banks and major US lenders like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/b21190ec-3feb-4e17-b1f4-1a34cdf456c2\/\" style=\"\" rel=\"noopener\">Goldman Sachs<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c207ef2e-0181-4db7-ae64-f572d38a7d0b\/\" style=\"\" rel=\"noopener\">Wells Fargo<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/5b4f649d-d3ea-4831-a0cf-d74414fe0696\/\" style=\"\" rel=\"noopener\">Morgan Stanley<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/5b4f649d-d3ea-4831-a0cf-d74414fe0696\/\" style=\"\" rel=\"noopener\">JPMorgan Chase<\/a>. European banks have also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7bd5b513-6fd3-4e90-af48-43c0c4fadafb\/\" style=\"\" rel=\"noopener\">reportedly<\/a> been reconsidering their commitment to the group. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The<\/strong><strong>US is getting<\/strong><strong> its first sustainability-focused stock exchange:<\/strong> The US Securities and Exchange Commission has approved the <a target=\"_blank\" href=\"https:\/\/www.tradegix.com\/\" style=\"\" rel=\"noopener\">Green Impact Exchange<\/a> (GIX) registering as a national securities exchange, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/14\/3060807\/0\/en\/SEC-Approves-Green-Impact-Exchange-s-Form-1-Application.html\" style=\"\" rel=\"noopener\">press release<\/a> on Monday. The US\u2019 first stock market dedicated solely to sustainability \u2014 expected to go live in early 2026 \u2014 will list and trade companies that focus on climate-driven value creation, giving investors a dedicated platform to navigate ESG-aligned investing and the energy transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> GIX will be part of the National Market System, meaning its trades will be integrated with those of other US stock exchanges to ensure smooth execution for investors. The platform \u2014 to be run on technology provided by exchange operator MEMX \u2014 will offer non-tiered pricing along with competitive liquidity and quoting schemes for participants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rocky time for ESG investing:<\/strong> Last week alone, ESG-focused, exchange-traded funds (ETFs) saw nearly USD 5.7 bn in outflows, the largest in over a year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-14\/sec-gives-nod-for-first-sustainable-stock-exchange-to-begin-trading-next-year?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Monday. Sustainable equity funds also shed USD 9 bn in March, with the selling \u201cintensifying\u201d since February, Bloomberg added, citing Barclays\u2019 Analysts. The shrinking interest comes on the heels of an intensifying <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b46019be-ae7e-4b54-bba2-94e0cb539cc4\/new-deposits-in-esg-funds-plummeted-57%2525-y-o-y-in-2023,-here%25e2%2580%2599s-why\" style=\"\" rel=\"noopener\">US-based backlash against ESG<\/a> investing and businesses and banks\u2019 climate coalitions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>China <\/strong><strong>puts chokehold on rare earths:<\/strong> Exports of seven rare earths on China\u2019s export control list have ground to a halt, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/chinas-rare-earth-exports-grind-halt-trade-war-controls-bite-2025-04-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing three unnamed sources. Chinese exporters must now apply to the Commerce Ministry for licenses to ship materials, with approvals typically taking between six weeks and several months, the sources told Reuters. Exporters to the US are also set to face more difficulty securing licenses, given the ongoing trade war between the two countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The impact is already being felt:<\/strong> Several Chinese suppliers have declared force majeure on contracts with international buyers, Reuters added. Cargoes already at ports but not yet cleared by customs have been barred from leaving the country, and customers\u2019 stockpiles could deplete if the suspension extends beyond two months, the sources added. The export controls may also accelerate efforts by overseas buyers to diversify their rare earths sourcing and reduce reliance on China in the longer term.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> China restricted exports of seven categories of medium and heavy rare earths <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/eabd173e-941e-4018-be84-f0e99e5bb8ce\/\" style=\"\" rel=\"noopener\">last week<\/a> as part of a set of countermeasures against renewed tariffs by Trump. The move encompasses exports to all nations and does not constitute a complete ban, though Beijing can still limit export licenses. Some of the export restrictions \u2014 like that on antimony \u2014 were introduced as early as last September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>CATL\u2019s <\/strong><strong>Hong-Kong listing to raise north of USD 5 bn: <\/strong>The world\u2019s largest EV battery maker Contemporary Amperex Technology (CATL) has received the go-ahead from the Hong Kong Stock Exchange to list upwards of USD 5 bn worth of shares by 2Q 2025, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/chinas-catl-seeks-hong-kong-stock-exchange-approval-least-5-billion-listing-2025-04-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing unnamed sources. The listing\u2019s exact date is undecided, as sweeping US tariffs have caused widespread market instability, one of the sources said. China\u2019s Securities Regulatory Commission also approved the listing last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global <\/strong><strong>EV<\/strong><strong> sales in 1Q 2025 reached 4.1 mn units globally<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/rhomotion.com\/news\/global-ev-sales-up-29-in-2025-from-previous-year\/\" style=\"\" rel=\"noopener\">statement<\/a> issued on Tuesday by British consultancy firm Rho Motion. China led the charge with 2.4 mn EVs sold and 36% y-o-y growth, while Europe saw an increase of 22% and North America 16%.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<br \/><strong>YOU\u2019RE READING EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out on Fridays by 9am in Cairo and Riyadh and 11am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Egypt will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-storage-live-egypt\/?fbclid=IwY2xjawJOGEVleHRuA2FlbQIxMAABHacyYM2k4CC5RlC1HGFOYku_ViaD-eiAQCah1chs0mtkFCAHFVkAwBEiEQ_aem_joF8FQA6mRK46snQ8yVSlw\" style=\"\" rel=\"noopener\">Solar & Storage Live Egypt<\/a><\/strong><strong> from Tuesday, 29 April until Wednesday, 30 <\/strong><strong>April <\/strong>in Cairo. The supplier-led exhibition will allow companies to showcase their solar and clean energy solutions. Over 7k attendees, 150 exhibitors, and 150 speakers are expected to attend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.irenec.org\/eng\/\" style=\"\" rel=\"noopener\">International Renewable Energy Conference<\/a><\/strong><strong> from Wednesday, 7 May <\/strong><strong>until Friday, 9 May <\/strong>in Istanbul. The conference facilitates a dialogue between industry professionals on renewables policy, hydrogen in the energy transition, renewable energy solutions, and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Oman will host the<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/omansustainabilityweek.com\/newfront\/page\/home\" style=\"\" rel=\"noopener\">Oman Sustainability Week<\/a><\/strong><strong> from Sunday, 11 May until Thursday, 15 <\/strong><strong>May<\/strong> in Muscat. The exhibition, bringing together policymakers and stakeholders from the energy and sustainability sectors, will serve as a premier knowledge-sharing platform, where thought leaders will explore policies and strategies to advance Oman\u2019s journey toward a net-zero future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/internationaldcc.com\/\" style=\"\" rel=\"noopener\">International District Cooling Conference<\/a><\/strong><strong> from Tuesday, 13 May <\/strong><strong>until Wednesday, 14 May <\/strong>in Jeddah. The conference will spotlight district cooling solutions for the Kingdom, with a focus on policy, regulation, digital transformations, asset management, optimization, networking, and investment opportunities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host its first <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.peakevents.org\/KSA-greenenergy\/\" style=\"\" rel=\"noopener\">Green Energy Week<\/a><\/strong><strong> from Wednesday, 14 May until <\/strong><strong>Thursday, 15 May <\/strong>in Riyadh. Over 450 attendees, 50 speakers, and 15 exhibitors will come together to discuss solar PV, energy storage and green hydrogen. <\/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\/capital-markets\/\">CAPITAL MARKETS<\/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 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            <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tabreed\/\">Tabreed<\/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=\"89613\" 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=\"89614\" 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=\"89614\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/taqa-acquires-uks-transmission-investment\/\">\r\n                            Taqa Transmission acquires UK\u2019s Transmission Investment                        <\/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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/taqa-acquires-uks-transmission-investment\/&title=Taqa acquires UK\u2019s Transmission Investment\">\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=Taqa+acquires+UK%E2%80%99s+Transmission+Investment+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Ftaqa-acquires-uks-transmission-investment%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\/04\/18\/taqa-acquires-uks-transmission-investment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89615\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/taqa-acquires-uks-transmission-investment\/489-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"489.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89614\" class=\"content-area-description single-story post-89614 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-interconnector-projects tag-ma-watch tag-taqa 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\/4\/.84760aa6-9909-456f-a029-e2849b9a789a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taqa Transmission is expanding its global transmission portfolio with the full acquisition <\/strong><strong>of UK-based Transmission Investment (TI),<\/strong> according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1150.pdf\" style=\"\" rel=\"noopener\">a joint statement (pdf)<\/a>. There\u2019s no publicly available information about the size or structure of the transaction. The acquisition comes shortly after Taqa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9372c472-8e81-4c95-af3b-7d849683bedf\/islamic-bond-market-may-see-shift-from-asset-based-to-equity-like-sukuk\" style=\"\" rel=\"noopener\">rebranded<\/a> its transmission business and announced plans to scale internationally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The agreement gives Taqa immediate access to a GBP 3 bn portfolio spanning 11 operational OFTO projects, and positions the company to tap into the fast-growing interconnector sector and offshore wind power in the UK as the country attempts the ambitious feat of 30 GW of wind power by 2030. The transaction also gives Taqa a stake in the development of new interconnectors that link the UK with France and Northern Ireland. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No changes to management: <\/strong>TI\u2019s founder and managing director, Chris Veal, will continue to lead TI, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taqa has been making moves on major Europe-bound electricity transmission <\/strong><strong>projects<\/strong>, signing an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43ca4796-8e6a-45f3-800e-5cbd8e69e887\/uae-to-invest-in-italy%25e2%2580%2599s-renewables,-data-centers,-and-mining-supply-chains\" style=\"\" rel=\"noopener\">in February<\/a> with Italy\u2019s Eni that made it \u2014 alongside Masdar \u2014 the preferred off-taker for a tripartite renewables\u2019 subsea cable project connecting Italy, Albania, and the UAE. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9289fd9a-65d1-4660-aafc-7c0056b41486\/top-stories:-egypt%25e2%2580%2599s-eur-7-bn-green-hydrogen-project-%2B-masdar-now-owns-100%2525-of-terna-energy\" style=\"\" rel=\"noopener\">is also backing<\/a> Xlink\u2019s ambitious UK-Morocco interconnector project, which envisions a 3.8k km high-voltage direct current (HVDC) subsea cable transporting 3.6 GW of renewable energy \u2014 nearly 8% of the UK\u2019s current requirements \u2014 from a 10.5 GW solar and wind farm planned in Morocco\u2019s Guelmim-Oued Noun region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>UK Prime Minister Keir Starmer has been working to improve ties with Gulf countries, including the UAE, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b64dde8b-787b-48c3-bacd-63b11292fa12\/uae-strengthens-bilateral-relations-with-the-uk,-eu,-and-serbia\" style=\"\" rel=\"noopener\">visiting Abu Dhabi<\/a> last December to discuss potential investments with officials from Mubadala as he looks to secure funding for a range of projects. <\/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\/interconnector-projects\/\">interconnector projects<\/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\/taqa\/\">TAQA<\/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=\"89616\" 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=\"89616\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/\">\r\n                            Oman advances green hydrogen ambitions with three agreements boosting infrastructure                        <\/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\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/\" 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\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/')\">\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\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/\">\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=Oman advances green hydrogen ambitions with three agreements boosting infrastructure&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/\">\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\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/&title=Oman advances green hydrogen ambitions with three agreements boosting infrastructure\">\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=Oman+advances+green+hydrogen+ambitions+with+three+agreements+boosting+infrastructure+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Foman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure%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\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1147.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89617\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/oman-advances-green-hydrogen-ambitions-with-three-agreements-boosting-infrastructure\/1147-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1147.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1147.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1147.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1147.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89616\" class=\"content-area-description single-story post-89616 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-duqm tag-enterpriseclimate tag-green-hydrogen tag-oman 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\/4\/.a400be33-4415-4c05-9794-8faddc33eeef.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman and the Netherlands inked three agreements to advance the Oman-Europe liquified <\/strong><strong>hydrogen supply chain, <\/strong>Oman\u2019s public news agency <a target=\"_blank\" href=\"https:\/\/omannews.gov.om\/topics\/en\/80\/show\/121786\/dark\" style=\"\" rel=\"noopener\">ONA<\/a> reported on Tuesday. The agreements will see both nations collaborate on a \u201cliquified hydrogen corridor\u201d by exploring the development of hydrogen production, transport, and storage infrastructure, advancing Oman\u2019s goal to become a global green hydrogen hub. No investment figure or timeline for the agreements has been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- A corridor connecting ports: <\/strong>The pair signed a Joint Development Agreement (JDA) to establish a commercial corridor to transport liquified hydrogen, connecting Oman\u2019s Port of Duqm in the Special Economic Zone Sezad to the Netherlands\u2019 Port of Amsterdam and Germany\u2019s Port of Duisburg. The JDA will rely on vessels equipped with technology from Dubai-based supply chain solutions provider Ecolog.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s responsible for what?<\/strong> Oman\u2019s Hydrom will be the national coordinator overseeing hydrogen production, while Omani oil company OQ will develop the liquified hydrogen terminal, associated facilities, and storage and export infrastructure. The European side will establish liquefied hydrogen regasification terminals at the Port of Amsterdam and Germany, which will then be supplied with hydrogen via gas pipelines, rail networks, and maritime routes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A partnership study agreement: <\/strong>The two parties inked an agreement to conduct feasibility studies on hydrogen and carbon dioxide pipeline infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- A storage agreement between OQ + Royal Vopak:<\/strong> OQ inked an agreement with Dutch storage and handling services provider Royal Vopak to explore establishing storage terminals and hubs for crude oil, refined products, chemicals, liquefied petroleum gas, liquefied natural gas, hydrogen, ammonia, and carbon dioxide in Sezad, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15iqwwk-oman-netherlands-sign-three-agreements-covering\" style=\"\" rel=\"noopener\">Wam<\/a> reports. OQ will spearhead the development of Oman\u2019s Duqm into a hub for hydrocarbons, chemicals, and low-carbon products, while Royal Vopak will use its expertise in developing and operating the infrastructure project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman has high ambitions: <\/strong>Oman aims to produce an upwards of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf7c7658-5d0a-426b-87bd-f6bae613d0cf\/top-stories:-saudi%25e2%2580%2599s-ceer-and-egypt%25e2%2580%2599s-infinity-make-an-ev-push-%2B-investment-updates-galore\" style=\"\" rel=\"noopener\">1-1.25 mn tons of green<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf7c7658-5d0a-426b-87bd-f6bae613d0cf\/top-stories:-saudi%25e2%2580%2599s-ceer-and-egypt%25e2%2580%2599s-infinity-make-an-ev-push-%2B-investment-updates-galore\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf7c7658-5d0a-426b-87bd-f6bae613d0cf\/top-stories:-saudi%25e2%2580%2599s-ceer-and-egypt%25e2%2580%2599s-infinity-make-an-ev-push-%2B-investment-updates-galore\" style=\"\" rel=\"noopener\">hydrogen by 2030<\/a>. So far, the country has awarded at least eight projects \u2014 five in Duqm and three in Salalah, with production expected to exceed the 2030 target if all eight projects advance on time, according to Dubai-based think tank <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/857.pdf\" style=\"\" rel=\"noopener\">Dii\u2019s MENA energy outlook 2025 report (pdf)<\/a>. The country also has another five projects in the pipeline that could double the targeted capacity, but the projects are yet to secure an investor, according to the report. <\/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\/duqm\/\">Duqm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89618\" 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=\"89618\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/ifc-backs-omans-sustainability\/\">\r\n                            IFC gives Oman\u2019s sustainability a push                        <\/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\/04\/18\/ifc-backs-omans-sustainability\/\" 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\/04\/18\/ifc-backs-omans-sustainability\/')\">\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\/04\/18\/ifc-backs-omans-sustainability\/\">\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=IFC backs Oman\u2019s sustainability&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/ifc-backs-omans-sustainability\/\">\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\/04\/18\/ifc-backs-omans-sustainability\/&title=IFC backs Oman\u2019s sustainability\">\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=IFC+backs+Oman%E2%80%99s+sustainability+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fifc-backs-omans-sustainability%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\/04\/18\/ifc-backs-omans-sustainability\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1145.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89619\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/ifc-backs-omans-sustainability\/1145-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1145.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1145.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1145.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1145.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89618\" class=\"content-area-description single-story post-89618 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-enterpriseclimate tag-green-finance tag-ifc tag-oman tag-solar tag-solar-energy tag-sustainability wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.29c2a536-e498-4ee3-8bdf-44569d8466a2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IFC signs three agreements to support sustainability in Oman: <\/strong>Oman and the International Finance Corporation (IFC) \u2014 an arm of the World Bank Group (WB) \u2014 signed three agreements to support the nation\u2019s sustainable finances market, as well as other green sectors, according to a <a target=\"_blank\" href=\"https:\/\/www.ifc.org\/ar\/pressroom\/2025\/ifc-signs-three-strategic-agreements-in-oman-to-boost-economic-diversification-and\" style=\"\" rel=\"noopener\">press release<\/a> issued on Monday. The agreements were signed during the WB\u2019s Joint Meeting with Oman\u2019s Finance Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financing sustainable sectors: <\/strong>The IFC agreed to provide USD 120 mn in financing to support Oman\u2019s National Finance Company\u2019s (NFC) sustainable finance offerings. NFC will use the money to finance low-carbon and green mobility, renewable energy, and energy efficiency projects. The financing will also help the country adopt international best practices sustainability financing reporting and transparency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supporting polysilicon production: <\/strong>IFC signed an agreement with Oman\u2019s United Solar Polysilicon to support the construction of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d910b483-2feb-430a-8298-4350353f2c5c\/ewpartners-invests-in-omani-mega%253cmark%253e-polysilicon%253c%2Fmark%253e-plant\" style=\"\" rel=\"noopener\">USD 1.6 bn polysilicon plant<\/a> in Sohar, according to a <a target=\"_blank\" href=\"https:\/\/www.ifc.org\/ar\/pressroom\/2025\/ifc-signs-three-strategic-agreements-in-oman-to-boost-economic-diversification-and\" style=\"\" rel=\"noopener\">press release<\/a> from Monday. The plant would have a 100k ton annual polysilicon \u2014 a key material in solar panel manufacturing \u2014 production capacity. No details were available on the nature of the support \u2014 whether financial or technical. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Riyadh-based international investment platform Ewpartners had invested USD tens of mns in the plant whose <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/90c2c89c-ce03-4868-95cc-19071a2e4729\" style=\"\" rel=\"noopener\">construction began<\/a> in March 2024. The Oman Investment Authority's investment vehicle Future Fund Oman (FFO) also pitched in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/872b2cbe-80cc-4269-a82a-5a14a100e503\/future-fund-oman-launches-initial-investment-round-worth-usd-2.15-bn\" style=\"\" rel=\"noopener\">USD 156 mn<\/a> for the project in October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One last thing: <\/strong>IFC also signed an agreement with FFO to support the Fund\u2019s investments in several sectors, including green industries and clean energy. <\/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-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/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\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89620\" 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=\"89620\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-project\/\">\r\n                            Masdar taps Shanghai Electric for its Al Sadawi solar 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\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-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\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-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\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-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=Masdar taps Shanghai Electric to build Al Sadawi solar project&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-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\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-project\/&title=Masdar taps Shanghai Electric to build Al Sadawi solar 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=Masdar+taps+Shanghai+Electric+to+build+Al+Sadawi+solar+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fmasdar-taps-shanghai-electric-to-build-al-sadawi-solar-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\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1143.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89621\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/masdar-taps-shanghai-electric-to-build-al-sadawi-solar-project\/1143-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1143.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1143.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1143.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1143.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89620\" class=\"content-area-description single-story post-89620 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-iraq tag-masdar tag-saudi-arabia tag-saudi-power-procurement-company tag-solar tag-solar-energy 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\/4\/.6d8f5eed-de45-4055-b9e5-be216d835227.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar taps Shanghai Electric for Al Sadawi solar plant: <\/strong>Abu Dhabi-based future energy company Masdar has awarded the EPC contract for its 2 GWac Al Sadawi Solar PV project in KSA to Shanghai Electric, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/CONS_432488.html\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reported on Tuesday. The project \u2014 part of the fifth round of the Kingdom\u2019s National Renewable Energy Program \u2014 is set to be Shanghai Electric\u2019s largest EPC contract for a solar power project once completed. There is no readily available information on the value of the contract.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The Masdar-led project is developed by a consortium, including Korea Electric Power Corp, and China\u2019s GD Power Development. The trio have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad40e8fc-68b9-4d57-a331-be07f24e5359\/sppc-inks-ppa-for-2-gw-al%253cmark%253e-sadawi%253c%2Fmark%253e-solar-project\" style=\"\" rel=\"noopener\">secured a power purchase agreement<\/a> for the project late last year. The <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/renewables\/our-projects\/al-sadawi\" style=\"\" rel=\"noopener\">plant<\/a> \u2014 with a reported unconfirmed investment ticked of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/60262ff8-0051-454e-afb2-43f25c9b7263\/we-have-updates-on-egypt%25e2%2580%2599s-solar-panel-factory\" style=\"\" rel=\"noopener\">USD 1.1 bn<\/a> \u2014 is planned to reach full capacity by May 2026, with the official commercial operation Date set for August 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Masdar <\/strong><strong>expands solar projects in Indonesia: <\/strong>UAE\u2019s Masdar and Indonesian state-owned electricity company PT PLN have signed two agreements for floating solar power projects, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-advances-floating-solar-leadership-with-new-indonesia-agreements\" style=\"\" rel=\"noopener\">press release<\/a> issued last week. The first was an MoU to develop a floating solar power plant at the Jatigede Dam reservoir in West Java, with construction beginning this year and completion slated for 2027. The second was a Principles of Agreement to explore the expansion of Masdar\u2019s pre-existing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b5f2290-bd7e-4c67-adec-35d5b28f598d\" style=\"\" rel=\"noopener\">145 MWac Cirata Floating PV plant<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The pair signed a joint development study agreement to look into <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a61044bb-d031-475b-9ad3-1964b175dc8f\/\" style=\"\" rel=\"noopener\">tripling the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a61044bb-d031-475b-9ad3-1964b175dc8f\/\" style=\"\" rel=\"noopener\">plant\u2019s capacity<\/a> to 500 MW and to develop solar, wind, and green hydrogen products in Indonesia and abroad in May 2024. Masdar is planning to expand its global clean energy portfolio to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f7a6affc-396f-4a33-97dc-e8aade87dc87\/\" style=\"\" rel=\"noopener\">100 GW by 2030<\/a>, funneling USD 30 bn towards the target.<\/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 UPDATES FROM IRAQ-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Iraq<\/strong> <strong>may soon get 750 MW panels plant: <\/strong>Iraq is in the process of reviewing a technical proposal by an unnamed Chinese firm to develop a new solar panel manufacturing facility with a production capacity of 750 MW in Al Zawraa state, the state-owned Al Zawraa General Company\u2019s general manager told <a target=\"_blank\" href=\"https:\/\/www.ina.iq\/232024--.html#:~:text=%D8%A3%D8%B9%D9%84%D9%86%D8%AA%20%D9%88%D8%B2%D8%A7%D8%B1%D8%A9%20%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9%20%D9%88%D8%A7%D9%84%D9%85%D8%B9%D8%A7%D8%AF%D9%86%20%D8%B9%D9%86%20%D8%AA%D9%88%D9%81%D9%8A%D8%B1%20%D9%81%D8%B1%D8%B5%D8%A9%20%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9,%D9%85%D8%A4%D9%83%D8%AF%D8%A9%D9%8B%20%D8%A7%D8%AE%D8%AA%D9%8A%D8%A7%D8%B1%20%D8%B4%D8%B1%D9%83%D8%A9%20%D8%B5%D9%8A%D9%86%D9%8A%D8%A9%20%D8%B1%D8%B5%D9%8A%D9%86%D8%A9%20%D9%84%D8%A5%D8%A8%D8%B1%D8%A7%D9%85%20%D8%B9%D9%82%D8%AF%20%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A9.\" style=\"\" rel=\"noopener\">INA<\/a> on Sunday. Iraq is pushing to localize the solar panel industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Sixteen <\/strong><strong>new companies have been qualified by the Central <\/strong><strong>Bank of Iraq (CBI) to install residential solar power systems<\/strong>, according to an Electricity Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/166qKhKpzC\/\" style=\"\" rel=\"noopener\">statement<\/a> issued on Monday. The new approvals bring the total number of licensed companies to 24.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The context: <\/strong>The move aims to help Iraq increase solar residential installations as demand grows among households looking to cut reliance on the strained national grid. The country\u2019s solar residential push is supported by the CBI\u2019s soft loan program, which was amended <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/278c01d9-1534-4bd7-9c35-361557882cfe\/\" style=\"\" rel=\"noopener\">last week<\/a> to streamline disbursements and tighten reporting requirements. The CBI program has so far <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2107a18e-a7f9-4410-8dd4-2b65371019d8\/\" style=\"\" rel=\"noopener\">attracted<\/a> interest from 150 companies.<\/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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-power-procurement-company\/\">Saudi Power Procurement Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"89622\" 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=\"89622\">\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\">GREEN INDUSTRY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/\">\r\n                            Construction begins on Egypt\u2019s USD 500 mn green chemicals plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Construction begins on Egypt\u2019s USD 500 mn green chemicals plant&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/&title=Construction begins on Egypt\u2019s USD 500 mn green chemicals plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Construction+begins+on+Egypt%E2%80%99s+USD+500+mn+green+chemicals+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fconstruction-begins-on-egypts-usd-500-mn-green-chemicals-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1141.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89623\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/construction-begins-on-egypts-usd-500-mn-green-chemicals-plant\/1141-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1141.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1141.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1141.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1141.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89622\" class=\"content-area-description single-story post-89622 post type-post status-publish format-standard has-post-thumbnail hentry category-green-industry tag-egypt tag-enterpriseclimate tag-green-industry tag-green-manufacturing tag-sczone 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\/4\/.9f6d94bc-c819-4618-9577-14f22baba326.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s SCZone breaks ground on its first green chemical plant: <\/strong>Egypt\u2019s first green chemicals plant is officially under construction, after China\u2019s Binhua Group \u2014 or <a target=\"_blank\" href=\"https:\/\/english.befar.com\/about.html\" style=\"\" rel=\"noopener\">Befar<\/a> \u2014 broke ground on their USD 500 mn chlor-alkali production facility in the China-Egypt TEDA trade zone, according to a <a target=\"_blank\" href=\"https:\/\/sczone.eg\/with-a-total-investment-of-500-million-equivalent-to-egp-25-5-billion-sczone-chairman-witnesses-groundbreaking-ceremony-for-befar-chlor-alkali-plant-in-sokhna-industrial-zone\/\" style=\"\" rel=\"noopener\">statement<\/a> issued on Tuesday. The new project \u2014 whose agreement was signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba900f2e-713e-47fb-a1b5-18d5eedfa60a\/egypt-signs-green-sector-agreements-at%253cmark%253e-china%253c%2Fmark%253e-africa-forum\" style=\"\" rel=\"noopener\">last September<\/a> \u2014 is set to rely on a mix of solar power, wind energy, electricity, and natural gas for its energy needs<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The facility \u2014 spanning 400k sqm \u2014 will manufacture chlor-alkali with a forecasted maximum production capacity of 100k tons, according to the statement. The first phase is earmarked to cost USD 300 mn and is scheduled for completion within 18 months, while the second phase has an investment ticket of USD 200 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bolstering Egypt\u2019s localization and import-substitution efforts:<\/strong> The factory is good news for the country\u2019s import bill and localization efforts, given all the things produced through the chlor-alkali process used in the factory, such as chlorine gas, hydrogen gas, and sodium hydroxide. These key chemicals are used in numerous industries and everyday items. For example, Chlorine is used to purify water and make plastics, sodium hydroxide can be used to make paper, soap, and textiles, while hydrogen is used in fertilizers, refining crude oil, and more. \u201cFrom an economic standpoint, the project opens up wide prospects for downstream and complementary industries, while enhancing Egypt\u2019s capacity to secure its needs for strategic products used across various vital sectors,\u201d said SCZone head Walid Gamal El Din. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Binhua (Befar) Group:<\/strong> The firm \u2014 established in 1968 \u2014 specializes in chemicals, petrochemicals, and new energy solutions. Befar dominates the Chinese markets for several products \u2014 including allyl chloride, granular caustic soda, and caustic soda flakes, exporting its products to over 100 countries.<\/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\/green-industry\/\">green industry<\/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\/sczone\/\">SCzone<\/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=\"89624\" 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=\"89624\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/\">\r\n                            Oman launches development of USD 200 mn wind turbines factory                        <\/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\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/\" 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\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/')\">\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\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/\">\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=Oman launches development of USD 200 mn wind turbines factory&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/\">\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\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/&title=Oman launches development of USD 200 mn wind turbines factory\">\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=Oman+launches+development+of+USD+200+mn+wind+turbines+factory+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Foman-launches-development-of-usd-200-mn-wind-turbines-factory%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\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1175.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89625\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/oman-launches-development-of-usd-200-mn-wind-turbines-factory\/1175-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1175.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1175.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1175.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1175.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89624\" class=\"content-area-description single-story post-89624 post type-post status-publish format-standard has-post-thumbnail hentry category-wind tag-enterpriseclimate tag-oman tag-oq tag-wind tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.18792b29-b76f-4880-89b6-66b5933d54fc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Oman has launched the first phase\u2019s development of a wind turbine manufacturing facility in Duqm<\/strong><strong> with a 1 GW production capacity<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.fm.gov.om\/launch-of-regions-first-wind-turbine-factory\/\" style=\"\" rel=\"noopener\">statement<\/a> issued on Sunday. The facility \u2014 the first of its kind in Oman and possibly the whole region \u2014 has an initial investment ticket of OMR 70 mn (USD 200 mn) for the first phase, with commercial operations set to begin by the end of next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The players: <\/strong>The project is co-led by Oman\u2019s Mawarid Turbine Company and OQ Group. CID Gulf will be responsible for finalizing detailed design for the plant, and Shanghai Electric Wind Power is supporting the project with technology licensing, a research centre, technical design, and the supply of turbines to pilot wind stations. The Labour and Public Services Ministry would be responsible for securing training for 350 professionals ahead of the project\u2019s launch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The facility is set to support the country\u2019s still nascent wind power, with localization removing the high logistical costs and hurdles of exporting and transporting turbines. Output will be used to supply the both local and international markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman\u2019s yet to catch up on wind: <\/strong>Oman only has 50 MW of operational onshore wind, but will soon add about 920 MW of capacity that are now under development, according to the Dubai-based think tank Dii\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/857.pdf\" style=\"\" rel=\"noopener\">MENA energy outlook 2025 report (pdf)<\/a>. The country is aiming to achieve an 11% share of renewables this year, and 30% by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER REGIONAL WIND NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About 500<\/strong> <strong>MW of Egypt\u2019s 650 MW Ras Ghareb wind farm is now online<\/strong> <strong>after the completion of its<\/strong><strong> 194 MW second phase<\/strong>, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0215UaVsa5vxfGxYXtYx33R6XsikqU7BCr3vGkKzE1nNp7dvBKXaPFSRSKHbrhPkdml\" style=\"\" rel=\"noopener\">statement<\/a> issued on Wednesday. The local-international consortium implementing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e3ed2027-cdd1-42e0-b0cd-8dcc7a828f9f\/\" style=\"\" rel=\"noopener\">project<\/a> \u2014 consisting of Orascom Construction, Engie, Toyota Tsusho, and Eurus Energy \u2014 will bring the remaining 150 MW online in June. The 500 MW milestone puts the project six months ahead of schedule, said Orascom Construction in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/949.pdf\" style=\"\" rel=\"noopener\">statement (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/949.pdf\" style=\"\" rel=\"noopener\">)<\/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\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oq\/\">OQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind\/\">wind<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89626\" 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=\"89626\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/\">\r\n                            MENA\u2019s solar outlook strong despite US-China trade war                        <\/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\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/\" 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\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/')\">\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\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/\">\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=MENA\u2019s solar outlook strong despite US-China trade war&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/\">\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\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/&title=MENA\u2019s solar outlook strong despite US-China trade war\">\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=MENA%E2%80%99s+solar+outlook+strong+despite+US-China+trade+war+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fmenas-solar-outlook-strong-despite-us-china-trade-war%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\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1139.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89627\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/menas-solar-outlook-strong-despite-us-china-trade-war\/1139-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89626\" class=\"content-area-description single-story post-89626 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-china tag-enterpriseclimate tag-mena tag-solar tag-solar-energy tag-usa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.1b7233eb-91c0-403f-933c-245d10395a3a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Regional <\/strong><strong>solar<\/strong><strong> growth unfazed by US tariffs:<\/strong> The MENA region\u2019s solar PV sector is expected to maintain strong momentum despite pressures caused by US tariffs on Chinese solar imports, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/tariffs-disruptions-unlikely-to-derail-menas-solar-pv-growth-trajectory-te20uqpr\" style=\"\" rel=\"noopener\">Zawya<\/a> reported on Sunday, citing Wood Mackenzie analyst Sohan Gwalani. The firm expects 100 GW of direct current solar PV capacity in MENA by 2029, equating to roughly 77 GW of alternating current grid power. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A catalyst for shifting solar supply chains closer to home:<\/strong> Regional solar players are prioritizing strategic supply chain localization and long-term alliances over reacting to US policy, with many looking to leverage Chinese expertise through direct partnerships, particularly in North Africa, Gwalani added. With new capacity in the pipeline, MENA could move beyond energy independence to becoming a net solar panel exporter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf states lead: <\/strong>GCC countries are still making solar projects viable despite high upfront capital costs, with countries like the UAE, Saudi Arabia, and Qatar rolling out incentives for developers, including land at no charge, low interest rates, and long-term power purchase agreements. These incentives have sometimes led to feed-in solar tariffs as low as USD 13-15 per MWh, and in some cases undercutting the Levelized Cost of Energy. However, these feed-in tariffs are incrementally increased over time, reflecting long-term benefits for developers, Gwalani added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nevertheless, solar module prices are expected to rise from around USD 0.8\/W to USD 0.11\/W by the end of 2025<\/strong>, and potentially reach USD 0.13\/W by 2027, Clean Energy Associates analyst Joseph Johnson told <a target=\"_blank\" href=\"https:\/\/www.pv-magazine.com\/2025\/04\/09\/international-pv-module-pricing-may-rise-to-0-11-w-by-year-end\/\" style=\"\" rel=\"noopener\">pv<\/a><a target=\"_blank\" href=\"https:\/\/www.pv-magazine.com\/2025\/04\/09\/international-pv-module-pricing-may-rise-to-0-11-w-by-year-end\/\" style=\"\" rel=\"noopener\">magazine<\/a> last Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong><strong>Solar PV capacity in MENA is set to reach 115 GW by 2030 \u2014 but only if all <\/strong><strong>national targets are met,<\/strong> according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/857.pdf\" style=\"\" rel=\"noopener\">Dii\u2019s MENA Energy Outlook 2025(pdf)<\/a>. The current pipeline of announced, under-construction, and already operational projects totals around 75 GW \u2014 meaning an additional 40 GW still needs to be planned, financed, and executed within the next five years to stay on track. <\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/usa\/\">USA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89628\" 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=\"89628\">\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\">ENTERPRISE EXPLAINS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/we-need-to-talk-about-decarbonization-biases\/\">\r\n                            We need to talk about decarbonization biases                        <\/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\/04\/18\/we-need-to-talk-about-decarbonization-biases\/\" 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\/04\/18\/we-need-to-talk-about-decarbonization-biases\/')\">\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\/04\/18\/we-need-to-talk-about-decarbonization-biases\/\">\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=We need to talk about decarbonization biases&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/we-need-to-talk-about-decarbonization-biases\/\">\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\/04\/18\/we-need-to-talk-about-decarbonization-biases\/&title=We need to talk about decarbonization biases\">\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=We+need+to+talk+about+decarbonization+biases+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fwe-need-to-talk-about-decarbonization-biases%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\/04\/18\/we-need-to-talk-about-decarbonization-biases\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1279.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89629\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/we-need-to-talk-about-decarbonization-biases\/1279-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1279.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1279.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1279.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1279.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89628\" class=\"content-area-description single-story post-89628 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-explains tag-decarbonization tag-emissions tag-enterprise-explains tag-mena tag-nuclear-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\/4\/.17808222-b1bb-4b18-88db-a1024fa55593.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bias <\/strong><strong>in the decarbonization discussion \u2014 how does it manifest?<\/strong> There is no question that the need to decarbonize economies and industries is at an all-time high. However, the conversation is plagued with a baked-in bias that raises questions of fairness \u2014 especially in terms of who bears the decarbonization burden and how to distribute this responsibility in a complex global economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One way this bias manifests is in how some sectors and countries are left out of the emissions conversation, while others are \u201cbeing singled out,\u201d<\/strong> Mashreq\u2019s head of ESG and Corporate Strategy Faisal AlShimmari told EnterpriseAM. \u201cThis is particularly evident when it comes to non-civilian activities, such as space exploration, where emissions and environmental impacts are rarely addressed,\u201d AlShimmari said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some civilian sectors are left out too: <\/strong>The fashion industry is another example of a major emitting sector that is usually missed from the conversation, AlShimmari told us. Some estimates put the fashion industry\u2019s share of global emissions at a <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0048969724016498#:~:text=Introduction,fashion%20(Wren%2C%202022).\" style=\"\" rel=\"noopener\">staggering 10%<\/a> responsible, and the European Union has said the sector is responsible for about <a target=\"_blank\" href=\"https:\/\/www.europarl.europa.eu\/topics\/en\/article\/20201208STO93327\/the-impact-of-textile-production-and-waste-on-the-environment-infographics\" style=\"\" rel=\"noopener\">20% of the world\u2019s water pollution<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does this matter? <\/strong>This selective focus raises important questions about responsibility and accountability \u2014 at what point in a product\u2019s lifecycle does the producer\u2019s responsibility for emissions end. It also \u201cimpacts broader global goals such as poverty alleviation, safety, security, and overall prosperity,\u201d AlShimmari told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One major fix is to apply the same standards across the board<\/strong>, AlShimmari told us. Otherwise, \u201cit doesn\u2019t work,\u201d and \u201cdiscrimination and double standards\u201d become real issues that hinder meaningful progress. All forgotten sectors need to be brought into the conversation to \u201ccreate a more comprehensive and fair approach to the global green transition,\u201d AlShimmari added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But what can be done until then? <\/strong>The media could play a critical role by \u201craising awareness, shifting societal priorities, and encouraging the adoption of responsible practices,\u201d AlShimmari told us. \u201cA well-executed campaign can have a profound impact by not only informing the public but also influencing policymakers, businesses, and individuals,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks could play a role too: <\/strong>Financial institutions have an opportunity to use their platforms to \u201ceducate clients and shareholders about the importance of considering all sectors in emissions discussions. This can help shift public perception and drive demand for more sustainable practices across various Industries,\u201d AlShimmari said. <\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/enterprise-explains\/\">ENTERPRISE EXPLAINS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear 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=\"89630\" 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=\"89630\">\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\/04\/18\/ev-green-manufacturing-mining-and-sustainability-updates-from-uae-saudi-arabia-algeria-and-more\/\">\r\n                            EV, green manufacturing, mining, and sustainability updates from UAE, Saudi Arabia, Algeria, and more                        <\/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\/04\/18\/ev-green-manufacturing-mining-and-sustainability-updates-from-uae-saudi-arabia-algeria-and-more\/\" target=\"_blank\">\n          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href=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/ev-green-manufacturing-mining-and-sustainability-updates-from-uae-saudi-arabia-algeria-and-more\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1137.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89631\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/ev-green-manufacturing-mining-and-sustainability-updates-from-uae-saudi-arabia-algeria-and-more\/1137-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1137.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1137.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1137.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1137.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89630\" class=\"content-area-description single-story post-89630 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-algeria tag-also-on-our-radar tag-beeah tag-china tag-critical-minerals tag-enterpriseclimate tag-evs tag-green-finance tag-kezad tag-lucid-motors tag-mining tag-morocco tag-oman tag-oq tag-saudi-arabia tag-solar-energy tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.c04619f8-c366-44ac-9130-575bf5b60368.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bee\u2019ah<\/strong> <strong>+ Sharjah to boost sustainable residential practices: <\/strong>Waste management firm Bee\u2019ah has partnered with <a target=\"_blank\" href=\"https:\/\/www.sharjahsustainablecity.ae\/\" style=\"\" rel=\"noopener\">Sharjah Sustainable City<\/a> \u2014 which is being developed by Sharjah Investment and Development Authority and Diamond Developers \u2014 to improve waste management solutions in the city, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/sharjah-sustainable-city-and-beeah-enter-strategic-partnership-to-promote-sustainability-and-smart-waste-solutions-in-sharjah-xihjnnsv\" style=\"\" rel=\"noopener\">press release<\/a> from Tuesday. Sharjah Sustainable City will launch a pilot platform for testing new Bee\u2019ah-backed technologies, while Bee\u2019ah will design educational and training programs on sustainable waste management. The pair will also collaborate on research, smart transition tech, biogas operations, and sustainability events. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Bee\u2019ah is building a new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f09cd157-60c7-4f8c-8228-d6a5dbee4c0b\/the-gcc-needs-usd-130-bn-to-achieve-its-circularity-targets\" style=\"\" rel=\"noopener\">commercial and industrial recycling facility<\/a> in Sharjah, which utilizes a robotics and AI system to automatically detect, identify and separate different kinds of waste. The facility can process 156k tons of mixed recyclables annually once it is fully operational.<\/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\">RENEWABLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EU<\/strong><strong>, Germany<\/strong><strong> to back Algeria\u2019s energy transition: <\/strong>Algeria has launched the EUR 28 mn TaqatHy+ initiative to scale up renewable energy deployment and kickstart a green hydrogen economy, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1C5M5GjVh1\/\" style=\"\" rel=\"noopener\">statement<\/a> on Monday. The program \u2014 to be implemented by GIZ under the supervision of the Energy Ministry \u2014 is co-funded by the EU and Germany\u2019s BMZ, with the latter contributing EUR 18 mn coming from the German side.The program is set to run through May 2029 and will focus on boosting renewables\u2019 capacity and enabling favorable conditions for project implementation and green hydrogen economy development. The project will also support the development of tools to monitor and evaluate energy efficiency measures, <a target=\"_blank\" href=\"https:\/\/www.aps.dz\/ar\/economie\/178417-2025-04-14-12-23-03\" style=\"\" rel=\"noopener\">APS<\/a> reported on Monday. <\/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>Plastic <\/strong><strong>manufacturer <\/strong><strong>Emirates Biotech appointed Samsung E&A as the sole contractor <\/strong><strong>for its upcoming polylactic acid (PLA) production plant<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/emiratesbiotech.com\/emirates-biotech-selects-samsung-ea-as-contractor-for-its-pla-production-plant\/\" style=\"\" rel=\"noopener\">press release<\/a> issued on Monday. Samsung E&A will handle the facility's engineering, procurement, and construction and will integrate proprietary equipment from technology provider Sulzer. The plant will be located in Abu Dhabi\u2019s Kezad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The USD 800 mn plant will be built in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fce90265-88cb-4331-89e2-a27c21aeae1b\/emirates-biotech-to-build-a-usd-800-mn-pla-facility\" style=\"\" rel=\"noopener\">two phases<\/a>, each with 80k ton annual capacity. The facility would replace the equivalent of 3.2 bn plastic bottles and reduce 300k tons of CO2 emissions annually. The plant will use technology from Swiss company Sulzer to produce, purify, and polymerize lactide. Production is slated to kick off in early 2028. The company plans to make PLA in the UAE and export the product to India, Turkey, and Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> PLA a biopolymer made from plants that absorbs CO2, making it a more sustainable material than other plastics, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/emiratesbiotech.com\/what-is-pla\/\" style=\"\" rel=\"noopener\">website<\/a>. It can be used for appliances, electronics, packaging, food service ware, 3D printing, and textiles. It is recyclable and compostable, breaking down into natural elements without leaving microplastics behind.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amak forms consortium to bid for Nuqrah VMS Belt mining license:<\/strong> Saudi-based Almasane Alkobra Mining (Amak) signed an agreement with Asas Mining and Arab Mining - Fujairah to form a consortium to make a joint bid for KSA\u2019s <a target=\"_blank\" href=\"https:\/\/taadeen.sa\/en\/mining-bids\/355447#no-back\" style=\"\" rel=\"noopener\">Nuqrah VMS Belt<\/a> exploration license in Round 9 of mining bids, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86418&anCat=1&cs=1322&locale=en\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a> on Sunday. The license covers the study, development, and exploitation of copper, zinc, gold, silver, and lead across 355 sq km in the Madinah, Hail, and Qassim regions.<\/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 parties plan to establish a joint venture once the license and regulatory approval are secured, with Asas Mining holding 60% and Amak and Arab Mining Company Fujairah holding 20% each. The agreement remains in effect until the tender is awarded, and will terminate if the bid is unsuccessful or upon formation of the JV. No investment size or timeline was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Amak snapped up multiple exploration licenses last year. They include a five-year chromium, copper, nickel, and manganese exploration license in Al Baha Province secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6be7ec08-59d3-43f7-870e-c2509fcd9900\/pif-backs-mizuho%25e2%2580%2599s-launch-of-the-largest-saudi-equity-etf-on-tse#:~:text=Amak%20bags%20yet%20another%20mining%20exploration%20license%3A%20Tadawul%2Dlisted\" style=\"\" rel=\"noopener\">in December<\/a> and a five-year quartz exploration license in Najran and Asir secured in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/17503eb0-a2d0-46fb-b62b-9dd852a25e87\/%253cmark%253eamak-%253c%2Fmark%253elands-another-mining-exploration-license\" style=\"\" rel=\"noopener\">August<\/a>. The firm also landed two exploration licenses <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/468812a9-71f6-4bdd-a0cf-8d2252e75cf7\" style=\"\" rel=\"noopener\">in June<\/a> worth a total of SAR 92 mn, covering Jabal Qaran and Al Hijra, which hold reserves of gold, copper, lead, and zinc.<\/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\">EVs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Lucid <\/strong><strong>bags some assets from bankrupt Nikola:<\/strong> PIF-backed luxury EV maker Lucid is acquiring key facilities and assets from <a target=\"_blank\" href=\"https:\/\/www.nikolamotor.com\/\" style=\"\" rel=\"noopener\">Nikola Corp<\/a> in Arizona<strong>, <\/strong>following the hydrogen truckmaker\u2019s <a target=\"_blank\" href=\"https:\/\/www.nikolamotor.com\/nikola-initiates-comprehensive-voluntary-chapter-11-sale-process\" style=\"\" rel=\"noopener\">Chapter 11 bankruptcy auction<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/media.lucidmotors.com\/en\/newsitem\/1017-lucid-to-acquire-select-facilities-and-assets-previously-belonging-to-nikola-corporation-will-extend-offers-to-300-former-nikola-employees\" style=\"\" rel=\"noopener\">press release<\/a> issued last week. The agreement does not include any of Nikola\u2019s core business components \u2014 no customer lists, intellectual property, or hydrogen fuel cell tech. No investment ticket has been disclosed for the acquisition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the bag?<\/strong> The company acquired the 400k+ sq ft Coolidge manufacturing plant and the Phoenix site that previously served as Nikola\u2019s HQ and R&D center. Together, the facilities will add more than 884K sq ft to Lucid\u2019s existing operations in Arizona. Also included in the acquisition is a broad suite of equipment \u2014 battery and environmental testing chambers, machining tools, and a full-size chassis dynamometer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lucid looks comfortable in Arizona:<\/strong> Back in 2019, the company broke ground on its Advanced Manufacturing Plant - 1 in Casa Grande, Arizona \u2014 the first ground-up EV plant in North America. In early 2024, Lucid <a target=\"_blank\" href=\"https:\/\/lucidmotors.com\/fr-ca\/stories\/lucid-amp-1-expands\" style=\"\" rel=\"noopener\">expanded<\/a> its Arizona plant to support the launch of its Gravity SUV and future models. Lucid has said it <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/lucid-motors-completes-arizona-factory-2020-12\" style=\"\" rel=\"noopener\">was planning<\/a> to invest more than USD 700 mn in the plant to reach a 400k-vehicle production capacity annually by 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong><strong>: Green trucking has suffered a streak of failures:<\/strong> Four hydrogen trucking startups, including Nikola, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9289fd9a-65d1-4660-aafc-7c0056b41486\/\" style=\"\" rel=\"noopener\">have gone bust<\/a> in the past six months, as tepid demand, high hydrogen prices, and lackluster infrastructure continue to weigh down the industry<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- KSA-based Green Watt to receive 1.6k EUVs from Tempo e-LV:<\/strong> The Netherlands-based, VivoPower subsidiary Tembo e-LV will supply 1.6k electric utility vehicles (EUVs) to Saudi energy and environmental solutions provider Green Watt under a USD 85 mn agreement, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/11\/3060229\/0\/en\/VivoPower-s-Tembo-Signs-Definitive-Distribution-Agreement-with-the-Kingdom-of-Saudi-Arabia-s-Green-Watt-Worth-up-to-an-Estimated-US-85-Million-over-5-Years.html\" style=\"\" rel=\"noopener\">press release<\/a> issued last week. Green Watt will be responsible for distributing the vehicles across Saudi Arabia over the next five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> An EUV is an electric vehicle used by different industries to transport goods or personnel over short to medium distances. It offers an eco-friendly alternative to traditional vehicles, as its design suits rugged terrains.<\/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>Tadweer <\/strong><strong>+ SFECO explore green building materials production: <\/strong>Abu Dhabi Waste Management (Tadweer Group) signed an agreement with China\u2019s SFECO Group to explore developing a facility to convert industrial solid waste into sustainable building materials in Abu Dhabi. The pair will form a joint working committee to determine the project\u2019s feasibility and set a framework for each\u2019s possible involvement. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj82ljw-tadweer-group-china%E2%80%99s-sfeco-explore-green-building\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n<ul>\n<li><strong>Qatar <\/strong><strong>Airways goes in on SAF in Australia: <\/strong>Qatar Airways has partnered with Virgin Australia and Renewable Development Australia to develop a Sustainable Aviation Fuel production facility in North Queensland with a 96-mn-liter annual capacity. The plant will convert bioethanol from sugarcane into 100% SAF using technology from Australian EPC company KBR to supply nearby airports. (<a target=\"_blank\" href=\"https:\/\/www.virginaustralia.com\/au\/en\/newsroom\/2025\/3\/virgin-australia-and-qatar-airways-expand-sustainability-commitment\/\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Morocco <\/strong><strong>opens<\/strong><strong> green energy access to medium-voltage clients:<\/strong> Morocco\u2019s Electricity and Drinking Water National Office has begun supplying renewable electricity to medium-voltage clients for the first time. Around 60 GWh of green electricity has already been marketed by private producers connected to the national grid to MV clients, including Tanger Med Utilitie in the Tangier-Tetouan-Al Hoceima region, Saint Gobain in the Kenitra freezone, and Managem at two Ouarzazate sites. (<a target=\"_blank\" href=\"https:\/\/www.one.org.ma\/FR\/pages\/actua.asp?esp=2&id1=8&id2=70&t2=1&id=3660\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>EVIQ <\/strong><strong>+ Zeekr partner on EV charging: <\/strong>Saudi Arabia\u2019s EVIQ has partnered with EV maker Zeekr through its KSA representative Walan Trading to expand charging stations in collaboration with local partners and explore customized charging solutions for Zeekr customers. (<a target=\"_blank\" href=\"https:\/\/menafn.com\/1109430745\/EVIQ-and-ZEEKR-sign-a-memorandum-of-understanding-and-strategic-partnership\" style=\"\" rel=\"noopener\">Press release<\/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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/beeah\/\">Bee\u2019ah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/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\/kezad\/\">KEZAD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/lucid-motors\/\">Lucid Motors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oq\/\">OQ<\/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\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89632\" 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=\"89632\">\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\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/\">\r\n                            USD 150 mn for Africa Decarbonisation Fund I                        <\/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\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/\" 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\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/')\">\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\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/\">\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=USD 150 mn for Africa Decarbonisation Fund I&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/\">\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\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/&title=USD 150 mn for Africa Decarbonisation Fund I\">\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=USD+150+mn+for+Africa+Decarbonisation+Fund+I+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fusd-150-mn-for-africa-decarbonisation-fund-i%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\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1134.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89633\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/usd-150-mn-for-africa-decarbonisation-fund-i\/1134-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1134.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1134.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1134.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1134.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89632\" class=\"content-area-description single-story post-89632 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world-this-week tag-around-the-world-this-week tag-enterpriseclimate tag-green-finance tag-united-nations tag-usa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.ca36a330-851a-4caa-ba91-653a62e14bbd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scalar<\/strong> <strong>International and Mergence Investment Managers are looking to raise up to <\/strong><strong>USD 150 mn for the Africa Decarbonisation Fund I<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-14\/africa-energy-a-150-million-pe-fund-to-green-30-000-buildings?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Monday. The fund aims to back energy efficiency and renewables upgrades in 30k buildings across southern African nations and will invest in companies providing infrastructure for power generation, energy storage, EV charging stations, and smart-grid systems. Around 30% of the fund\u2019s capital will target projects in South Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mostly European money:<\/strong> Roughly 80% of the fund\u2019s capital will be sourced from global climate funds and European finance institutions, with the remainder coming from African players. Scalar and Mergence are in \u201cadvanced negotiations\u201d with the <a target=\"_blank\" href=\"https:\/\/international-partnerships.ec.europa.eu\/policies\/global-gateway\/initiatives-sub-saharan-africa\/eu-africa-global-gateway-investment-package_en\" style=\"\" rel=\"noopener\">EU-Africa Global Gateway Investment Package<\/a> \u2014 the European Union\u2019s EUR 150 bn initiative to spur investments in Africa. <\/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>Trump<\/strong> <strong>spares solar cell imports from tariffs:<\/strong> The US has exempted solar cells, semiconductors, and other electronic components from reciprocal tariffs, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/12\/trump-exempts-phones-computers-chips-tariffs-apple-dell.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported last week, citing a US\u2019 Customs and Border Protection <a target=\"_blank\" href=\"https:\/\/content.govdelivery.com\/bulletins\/gd\/USDHSCBP-3db9e55?wgt_ref=USDHSCBP_WIDGET_2\" style=\"\" rel=\"noopener\">statement<\/a>. The 20 exempted products are spared from both the 125% tariff on Chinese goods and the 10% baseline tariff on tech imports from other states, yet a separate 20% blanket tariff on all Chinese imports remains in place. The White House <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/04\/clarification-of-exceptions-under-executive-order-14257-of-april-2-2025-as-amended\/\" style=\"\" rel=\"noopener\">said<\/a> the move is intended to give companies time to shift production to the US.<\/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>Cambridge <\/strong><strong>University<\/strong><strong> + UNJSPF back climate-focused bond index:<\/strong> Cambridge University and the UN Joint Staff Pension Fund (UNJSPF) are reallocating up to USD 750 mn into a new bond index that excludes companies that are expanding fossil fuel production, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/cambridge-un-pension-scheme-back-novel-climate-focused-bond-index-2025-04-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. Cambridge will invest up to GBP 200 mn (c.USD 261 mn), while the UNJSPF will contribute up to USD 500 mn. The Index is expected later this year. The Bloomberg Cambridge University Fixed Income Index \u2014 developed with input from CalSTRS, the UK\u2019s Universities Superannuation Scheme, and Switzerland\u2019s PUBLICA \u2014 filters out both firms increasing oil and gas output and financial institutions that continue to lend them. <\/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>US <\/strong><strong>halts<\/strong><strong> USD 5 bn offshore wind project: <\/strong>The Trump administration has ordered a stop to all construction on Equinior\u2019s USD 5 bn, 810 MW Empire Wind project off the coast of New York, which, unlike other renewable energy projects, relies on federal permitting. More than 90% of planned offshore wind projects \u2014 over 60 GW \u2014 are now at \u201cserious risk,\u201d according to consultancy Rystad Energy. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3e444c3a-b0ab-4062-8510-1e6a40411551\" style=\"\" rel=\"noopener\">The Financial Times<\/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\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/united-nations\/\">United Nations<\/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=\"89634\" 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=\"89634\">\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\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/\">\r\n                            IMO pushes ahead with emissions levy on shipping                        <\/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\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/\" 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\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/')\">\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\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/\">\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=IMO pushes ahead with emissions levy on shipping&url=https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/\">\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\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/&title=IMO pushes ahead with emissions levy on shipping\">\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=IMO+pushes+ahead+with+emissions+levy+on+shipping+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F04%2F18%2Fimo-pushes-ahead-with-emissions-levy-on-shipping%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\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1131.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89635\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/imo-pushes-ahead-with-emissions-levy-on-shipping\/1131-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1131.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1131.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1131.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1131.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89634\" class=\"content-area-description single-story post-89634 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-emissions tag-enterpriseclimate tag-green-shipping tag-united-nations 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\/4\/.da7f3d1b-41c2-4507-9ae2-2c7a147c5947.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Big polluters<\/strong> <strong>at <\/strong><strong>sea to face new fees: <\/strong>The UN\u2019s International Maritime Organization (IMO) has approved draft amendments to the International Convention for the Prevention of Pollution from Ships (<a target=\"_blank\" href=\"https:\/\/www.imo.org\/en\/about\/Conventions\/Pages\/International-Convention-for-the-Prevention-of-Pollution-from-Ships-%28MARPOL%29.aspx\" style=\"\" rel=\"noopener\">MARPOL<\/a>) that wouldforce the global shipping industry \u2014 which is responsible for 3% of world\u2019s GHG emissions \u2014 to reduce and pay for a portion of its emissions, according to a <a target=\"_blank\" href=\"https:\/\/www.imo.org\/en\/MediaCentre\/PressBriefings\/pages\/IMO-approves-netzero-regulations.aspx\" style=\"\" rel=\"noopener\">statement<\/a> issued last week. The new rules \u2014 to be formally adopted this October \u2014 will take effect by 2027 and apply to ships over 5k gross tonnes, covering 85% of international shipping\u2019s emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The draft sets two escalating emissions targets, requiring gradual cuts to ships\u2019 GHG fuel intensity. A stricter standard mandates a 17% cut by 2028 from 2008 levels, increasing to 21% by 2030 and 43% by 2035, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d614416a-1ee2-44da-b6c4-fa4b064d6349\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Friday. Ships that fail to meet this strict target would pay USD 100 per excess tonne of CO2 equivalent. The softer target would see cuts by 4% by 2028 and 8% by 2030, increasing to 30% by 2035, but failure to meet this level would result in steeper fees of up to USD 380 per excess tonne. The system also allows for credit trading, with compliant vessels able to sell credits to those that fall short.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The possible gains:<\/strong> The levies could generate USD 11-13 bn annually that would go to a newly proposed net-zero fund aimed at supporting clean fuel adoption, rewarding low-emission ships, and helping developing states upgrade high-emission fleets, <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/shipping-emissions-climate-change-98ff23ca4739d8b4fc5a8f941a7ca0c4\" style=\"\" rel=\"noopener\">AP<\/a> reported on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most Arab states opposed the proposal:<\/strong> The draft was passed with support from 63 countries including China and Brazil \u2014 which were previously reported in February to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bedfc9e2-4e59-4d62-b6ae-13a8b5552c45\/\" style=\"\" rel=\"noopener\">formally oppose<\/a> the levy, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/02eed295-ca06-423f-a34a-a2a22c7860c8\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Monday. Sixteen countries <a target=\"_blank\" href=\"https:\/\/earth.org\/worlds-first-carbon-levy-on-shipping-falls-short-of-industrys-climate-targets\/\" style=\"\" rel=\"noopener\">voted against<\/a> \u2014 nine of which were from our region, <a target=\"_blank\" href=\"https:\/\/mykn.kuehne-nagel.com\/news\/article\/imo-approves-historic-carbon-price-agreement-15-Apr-2025\" style=\"\" rel=\"noopener\">including<\/a> Iran, Iraq, Jordan, Yemen, Oman, Bahrain, Saudi Arabia, Qatar, and the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The preceding negotiations have seen divisions between advocates of heavy levies on carbon emissions \u2014 including the UK, Pacific Latin American, Pacific and Caribbean nations \u2014 and the KSA, China, Brazil, South Africa, and eight other countries who have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bedfc9e2-4e59-4d62-b6ae-13a8b5552c45\/\" style=\"\" rel=\"noopener\">argued then<\/a> that the levy wasn\u2019t necessary to meet targets and thatit would harm developing nations\u2019 exports, drive up food prices, and deepen global inequalities. The EU also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8d9222d0-b7ab-4304-8b77-b3fda6b33fe7\/today:-us-tariffs-regional-impact-%2B-flynas-cleared-for-ipo\" style=\"\" rel=\"noopener\">reportedly trimmed its proposed levies<\/a> down to target a USD 30 bn revenue from the tax, down from an initial USD 60 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>ome <\/strong><strong>advocates were disappointed:<\/strong> Clean Shipping Coalition\u2019s President Delaine McCullough slammed the proposal as \u201cbusiness as usual\u201d, according to a <a target=\"_blank\" href=\"https:\/\/cleanshipping.org\/news\/imo-climate-agreement-shipwreck-misses-targets-and-betrays-most-vulnerable\/\" style=\"\" rel=\"noopener\">press release<\/a> issued last Friday. McCullough stressed that delays in transitioning to net zero will drive up costs for developing countries, which are least equipped to absorb the fallout. Experts also argued that the IMO failed to deliver a strong fuel standard, enforceable efficiency rules, or a meaningful carbon price \u2014 leaving room for regional and industry level action to pick up the slack. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The US exited the negotiations over decarbonising global shipping <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/eabd173e-941e-4018-be84-f0e99e5bb8ce\/\" style=\"\" rel=\"noopener\">last week<\/a>, and threatened to take countermeasures to nullify any GHG tax on US-flagged vessels. <\/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\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-shipping\/\">green shipping<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/united-nations\/\">United Nations<\/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=\"89636\" 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\/04\/18\/89636\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89636\" class=\"content-area-description single-story post-89636 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">April<\/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>29-30 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-storage-live-egypt\/?fbclid=IwY2xjawJOGEVleHRuA2FlbQIxMAABHacyYM2k4CC5RlC1HGFOYku_ViaD-eiAQCah1chs0mtkFCAHFVkAwBEiEQ_aem_joF8FQA6mRK46snQ8yVSlw\" style=\"\">Solar & Storage Live Egypt<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span 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>11-15 May (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/omansustainabilityweek.com\/newfront\" style=\"\">Oman Sustainability Week<\/a><\/span><span>, Muscat, Oman.<\/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 (<\/span><span>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>24-27 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hvacr-world.com\/\" style=\"\">HVACR World<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>Taqa fully acquires UK\u2019s TI | Oman\u2019s green push | Egypt is getting its first green chemicals plant<\/p>\n","protected":false},"featured_media":89610,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-89609","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"17c75a92-82f4-46ed-9a55-52651ebcc626","teaser":"Taqa fully acquires UK\u2019s TI | Oman\u2019s green push | Egypt is getting its first green chemicals plant","photo_url":"https:\/\/ent.news\/2024\/7\/741.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oman advances green hydrogen ambitions, ventures into wind turbine production - 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