{"id":89747,"date":"2025-05-09T03:01:00","date_gmt":"2025-05-09T03:01:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=89747"},"modified":"2025-12-15T12:17:29","modified_gmt":"2025-12-15T12:17:29","slug":"ronn-to-invest-up-to-usd-4-bn-in-a-hydrogen-mobility-venture-in-saudi-arabia","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ronn-to-invest-up-to-usd-4-bn-in-a-hydrogen-mobility-venture-in-saudi-arabia\/","title":{"rendered":"Ronn to invest up to USD 4 bn in a hydrogen mobility venture in Saudi Arabia"},"content":{"rendered":"<section id=\"89749\" 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=\"89749\">\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\/05\/09\/top-stories-saudis-hydrogen-vehicles-factory-regional-renewables-push\/\">\r\n                            TOP STORIES: Ronn lines up hydrogen vehicles factory in KSA + Solar energy push in Egypt, Oman &amp; Morocco                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/top-stories-saudis-hydrogen-vehicles-factory-regional-renewables-push\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/678.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89750\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/top-stories-saudis-hydrogen-vehicles-factory-regional-renewables-push\/678-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/678.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"678.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/678.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/678.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89749\" class=\"content-area-description single-story post-89749 post type-post status-publish format-standard has-post-thumbnail hentry category-the-week-in-review tag-bess tag-capital-markets tag-catl tag-egypt tag-enterpriseclimate tag-evs tag-green-mobility tag-kuwait tag-ma-watch tag-masdar tag-qatar tag-renewables tag-saudi-arabia tag-solar-energy tag-the-week-in-review 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\/5\/.37a6116f-bfc1-4bba-aa54-72d05c9b1d49.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks. <\/strong>We have a packed issue this week, with a major green mobility investment update from Saudi, as well as a spate of renewables and earnings updates from across the region. Let\u2019s get the ball rolling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>#1- 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 <\/strong><strong>Thursday<\/strong><strong>, 15 <\/strong><strong>May<\/strong> in Muscat. The exhibition, bringing together policymakers and stakeholders from the energy and sustainability sectors to explore policies and strategies to advance Oman\u2019s journey toward a net-zero future. Speakers include Maersk\u2019s UAE Managing Director Lisa Park, AD Ports CSO Saif Al Mheiri, and Iberdrola Middle East Managing Director Santiago Ba\u00f1ales. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- 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 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>#3- 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 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. Yellow Door Energy KSA Director Khaled Chebaro, Air Liquide VP Mathieu Francais, and Haala Energy Executive Director Rowan Jandu are among those speaking at the conference. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WHAT WE\u2019RE TRACKING REGIONALLY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> #1- Regional investors are eyeing CATL\u2019s Hong Kong listing:<\/strong> Qatar and Kuwait\u2019s sovereign wealth funds are in the mix to snatch a piece of the Chinese battery-making giant CATL\u2019s possible <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/57d3cc33-82bc-4f52-8367-841a35fe6011\/\" style=\"\" rel=\"noopener\">USD 5 bn<\/a> potential listing on the Hong Kong exchange this month, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-06\/catl-s-hong-kong-listing-draws-interest-from-qatar-fund-kia-sinopec-hillhouse\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Tuesday, citing sources familiar with the matter. Chinese state-owned Sinopec, alternative asset manager Hillhouse Investment, alongside other firms have also been in talks to join the offering. Qatar Investment Authority and Sinopec are both mulling shares worth hundreds mn of the greenback, the sources told Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The catch:<\/strong> Some could buy in as cornerstone investors by securing guaranteed allocations in exchange for a six-month lock-up, while others could participate through the regular institutional tranche. Discussions are ongoing and final commitments have yet to be made, the sources added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going?<\/strong> Much of the capital raised will go toward ramping up Europe-based production \u2014 particularly a major facility in Hungary that will produce up to 100 GWh annually to supply global clients like Mercedes-Benz, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-06\/catl-gauges-interest-for-potential-5-billion-hk-listing-mabub2kz\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US attempt to torpedo the offering: <\/strong>US congressional committee <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-17\/us-house-china-committee-urges-bank-of-america-jpmorgan-to-drop-catl-listing\" style=\"\" rel=\"noopener\">called<\/a> on advisors Bank of America and JPMorgan to ditch the sale after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9cbab41e-68bc-42db-8f3f-b9dc8c42627c\/\" style=\"\" rel=\"noopener\">CATL\u2019s pentagon blacklist<\/a> earlier this year. Both banks are still involved in the offering alongside Goldman Sachs and Morgan Stanley, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/385.pdf\" style=\"\" rel=\"noopener\">post-listing hearing (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER CHINA-LINKED NEWS- China\u2019s Trina Solar is planning on doubling its business in Saudi Arabia and Egypt over <\/strong><strong>the next two years<\/strong>, Utilities Sales Director for the Middle East and Africa Karim El-Tantawy told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A3%D8%B3%D9%88%D8%A7%D9%82\/%D8%A3%D8%B3%D9%87%D9%85\/%D8%AA%D8%B1%D9%8A%D9%86%D8%A7-%D8%B3%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D9%85%D8%B6%D8%A7%D8%B9%D9%81%D8%A9-%D8%A3%D8%B9%D9%85%D8%A7%D9%84%D9%87%D8%A7-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%88%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D9%8A%D9%86-%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D8%A8%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-uyznhfkk\" style=\"\" rel=\"noopener\">Zawya<\/a> on Tuesday. The company\u2019s operations are already worth USD 500 mn and USD 250 mn in Egypt and Saudi Arabia, respectively. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has been active in the region: <\/strong>Trina Solar was reported in January to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d564754e-8d12-40f8-ab1e-17ee821bd816\/top-stories:-rivian-finalizing-mega-financing-%2B-saudi%25e2%2580%2599s-future-minerals-forum-are-headliners-this-week\" style=\"\" rel=\"noopener\">looking for a partner<\/a> to help set up a USD 5 bn integrated solar power generation chain in the UAE. In 2023, the company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3b2f2a90-8f79-4088-aa01-917e57578b4f\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with the UAE\u2019s AD Ports and China\u2019s Jiangsu Provincial Overseas Cooperation and Investment to build a large-scale PV manufacturing base in the Khalifa Economic Zones Abu Dhabi (Kezad) in 2023. No financial details or a timeline for the project were disclosed at the time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Pony<\/strong><strong>.ai + Uber to launch autonomous ride-hailing in the region: <\/strong>Neom-backed Chinese robotaxi operator Pony.ai has partnered with Uber to launch autonomous ride-hailing vehicles in the Middle East on the Uber App later this year, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/pony-ai-inc-and-uber-announce-strategic-partnership-to-advance-autonomous-mobility-302446952.html\" style=\"\" rel=\"noopener\">press release<\/a> from Tuesday. A safety operator will be present onboard during the pilot phase until full commercial launch. The majority of autonomous vehicles are usually electric. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pair has regional ties:<\/strong> Saudi Arabia\u2019s Neom invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5d4f1b1c-f157-4e88-810a-c4bd7b3d6c9e\" style=\"\" rel=\"noopener\">USD 100 mn<\/a> in Pony.ai in 2023 and set up a JV to develop, manufacture, and deliver autonomous driving services, advanced vehicles, and smart vehicle infrastructure in Neom and other key markets in the MENA region. Meanwhile, Uber already offers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/897d70bb-f2bc-4248-b78e-5cae39ef0db0\/uae-students-create-a-solar-powered-driverless-vehicle-in-sustainability-push\" style=\"\" rel=\"noopener\">autonomous cars<\/a> in collaboration with WeRide in Abu Dhabi, with plans to expand to Dubai before adding 15 more cities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER GREEN MOBILITY UPDATES- <\/strong><strong>Abu Dhabi is expected to make a bulk <\/strong><strong>order on hydrogen-powered buses from the Templewater-owned Citybus,<\/strong> the Hong Kong-based <a target=\"_blank\" href=\"https:\/\/www.templewater.com\/investments\/bravo-transport\" style=\"\" rel=\"noopener\">Templewater<\/a> \u2019s Chairman Cliff Zhang Kun told <a target=\"_blank\" href=\"https:\/\/www.scmp.com\/news\/hong-kong\/hong-kong-economy\/article\/3309464\/middle-easts-shift-sustainable-energy-opens-doors-hong-kong-companies\" style=\"\" rel=\"noopener\">South China Morning Post<\/a> on Thursday. The order follows a pilot project that the Emirate launched in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3868caac-e96b-4242-8374-d988473b436f\/green-mobility-updates-from-the-uae-and-ksa-%2B-egypt-gets-more-green-funding-from-the-afdb\" style=\"\" rel=\"noopener\">November 2023<\/a> through its Wisdom Motor portfolio company, which concluded in the second half of this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Saudi Arabia\u2019s first electric public bus network comes online at Tabuk<\/strong>, the <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/651564\/SAUDI-ARABIA\/Tabuk-becomes-first-Saudi-city-to-launch-electric-buses-under-public-transit-project\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported on Tuesday. A total of 30 e-buses \u2014 25% of the total fleet \u2014 under the command of 90 Saudi drivers will be connecting 106 stations across a five-route, 136 km public transportation network under the administration of SAPTCO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The Saudi Public Transport Company signed a SAR 84 mn, five years contract with Tabuk Municipality <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a6058a3e-a0ac-43c7-a251-f8b0c3c10dec\/acwa-power%25e2%2580%2599s-nomac-to-provide-uzbekistan-with-renewables-measurement-system\" style=\"\" rel=\"noopener\">last August<\/a> to operate and deliver e-buses to the public bus transport network in Tabuk City.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#4- Egypt takes an<\/strong><strong>other <\/strong><strong>step toward electricity market liberalization: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3dbe348a-8e7a-4794-aa53-95f669b4a803\/\" style=\"\" rel=\"noopener\">recently independent<\/a> Egyptian Electricity Transmission Company (EETC) has approved private electricity sale licenses for five renewable energy companies at 100 MW each, a government source told <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf8bf5ea-db99-41c7-baa8-dd3b6a759e19\/five-renewable-players-inch-closer-to-selling-electricity-to-consumers\" style=\"\" rel=\"noopener\">EnterpriseAM<\/a> on Monday. The companies approved to obtain the licenses operate five solar and wind plants, each with a 100 MW capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The Electricity Ministry will establish fair pricing mechanisms to be regularly reviewed; electricity producers will pay the Egyptian Electricity Holding Company (EEHC) licensing and transmission service fees; and the Egyptian Electric Utility and Consumer Protection Regulatory Agency will oversee agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The EETC separated from the Egyptian Electricity Holding Company (EEHC) last month as part of a broader plan to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9f1eb44-24c3-43f7-992c-8f2471ceb054\/%253cmark%253eeetc%253c%2Fmark%253e-finally-splits-from-eehc-in-move-to-liberalize-the-electricity-market\" style=\"\" rel=\"noopener\">liberalize the electricity market<\/a> by turning the state\u2019s electricity companies into market regulators and opening the door for the private sector to both produce and buy electricity from each other.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private players have been waiting for this move: <\/strong>Some 20 private sector energy players \u2014 including Infinity, KarmSolar, and Norway\u2019s Scatec \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fe8f4bb-3a22-40ac-a502-6f18fb3420db\/private-sector-energy-firms-step-in-line-for-renewable-energy-projects-under-new-peer-to-peer-system\" style=\"\" rel=\"noopener\">voiced their interest<\/a> last year in supplying electricity to other private sector companies through renewable energy projects under the peer-to-peer (P2P) system. The system enables private sector companies to produce and sell renewable energy via the national grid to companies in the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Kuwait\u2019s <\/strong><strong>Electricity, <\/strong><strong>Water, and Renewable Energy <\/strong><strong>Ministry <\/strong><strong>is exploring options for solar and<\/strong><strong> battery energy storage to meet peak energy demand during summer<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.arabtimesonline.com\/news\/kuwait-prepares-for-peak-summer-with-energy-storage-and-solar-initiatives\/\" style=\"\" rel=\"noopener\">Arab Times<\/a> reported on Monday, citing informed sources. The ministry is reportedly considering constructing four solar power plants or building ship-based power terminals with up to 800 MW of capacity. The country is already 76% done with its electricity generation unit maintenance strategy but is looking for short-term solutions ahead of the summer, such as storing excess energy during hours of low demand for use during peak consumption periods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a><\/strong><strong>Masdar wraps Terna Energy buyout:<\/strong> Terna Energy \u2014 now a wholly-owned subsidiary of state-run renewables giant Masdar \u2014 delisted its shares from the Athens Exchange, following <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cfd0bffd-c0ec-4dbe-90d0-b9a513c76f89\/\" style=\"\" rel=\"noopener\">a successful squeeze-out<\/a> of its former parent company Gek Terna for EUR 20 per share, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-drives-new-era-of-growth-for-terna-energy\" style=\"\" rel=\"noopener\">press release<\/a> issued last week. The acquisition brought Masdar\u2019s total holding in Greece\u2019s largest renewable energy firm to 100%, up from 70% as of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0469862d-39f3-4eaf-bad2-9023d0d166fd\/masdar-finalizes-acquisition-of-70%2525-of-greece%25e2%2580%2599s%253cmark%253e-terna%253c%2Fmark%253e-energy\" style=\"\" rel=\"noopener\">November of last year<\/a>, valuing the company at USD 3.2 bn. Terna is eyeing an operational portfolio of 6 GW by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a roll:<\/strong> The renewables giant <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b407fd99-a67a-41f7-b23f-7376205a7e96\/\" style=\"\" rel=\"noopener\">recently<\/a> secured two major Spain-based acquisitions and was reported to be eyeing up to 600 MW in assets in Portugal. <\/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>CATL is in talks to secure a USD 1 bn loan for its JV in Indonesia to build a battery <\/strong><strong>cell manufacturing facility in Karawang<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-06\/china-s-catl-seeks-1-billion-loan-for-indonesia-plant-expansion?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Tuesday, citing people familiar with the matter. The JV \u2014 set up with state-owned Indonesia Battery Corp through CATL\u2019s subsidiary CBL International Development \u2014 plans to invest USD 1.2 bn in the Southeast Asian country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Rockefeller<\/strong><strong> Foundation announced it would target 60 coal plants to transition into renewables <\/strong><strong>by 2030<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.rockefellerfoundation.org\/news\/rockefeller-foundation-announces-latest-steps-to-accelerate-community-focused-energy-transition-projects\/\" style=\"\" rel=\"noopener\">press release<\/a> issued on Tuesday. The newly launched program \u2014 dubbed the Coal to Clean Credits Initiative (CCCI) \u2014 could attract up to USD 110 bn in public and private investment 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>The details:<\/strong> The initiative is targeting the early retirement of coal-fired power plants in developing countries through carbon finance. The Foundation has already identified 1k eligible plants for the scheme, the program\u2019s manager Joseph Curtin told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/new-carbon-credit-scheme-targets-60-plants-by-2030-coal-phaseout-2025-05-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Wednesday. Around 2k coal plants need to be decommissioned from now until 2040 to meet global climate targets, but only 15% are covered by national pledges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Methodology?<\/strong> To avoid misuse of carbon finance for propping up soon-to-be stranded assets, CCCI\u2019s methodology underwent seven rounds of stakeholder consultation, Reuters adds. It is designed to select only economically viable plants owned by governments or companies with binding \u201cno new coal\u201d pledges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expert warns Neom\u2019s design could disrupt local climate patterns: <\/strong>The Neom gigaproject\u2019s ambitious plans \u2014 including The Line, ski fields, and islands \u2014 could disrupt local weather patterns, amplifying wind, storms, and altering rainfall, Donald Wuebbles, a climate scientist advising Neom, told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8bb45e6e-5a1b-4e93-ad40-8f0568e02274\" style=\"\" rel=\"noopener\">the Financial Times<\/a> on Sunday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all: <\/strong>Cement emissions and slow progress on phasing out combustion vehicles \u2014 on which Neom has commissioned academic studies \u2014 were also flagged as concerns by Wuebbles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leeway for treading new ground:<\/strong> Despite challenges, Wuebbles praised Neom\u2019s technological ambitions, calling it a \u201cmoonshot\u201d and highlighting its potential to offer valuable lessons and serve as a model for future sustainable cities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Neom is undergoing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/12e0076f-2c22-49ca-872f-b1d2c0a1c8d1\/%253cmark%253eneom%253c%2Fmark%253e-reportedly-under-comprehensive-review-led-by-acting-ceo#:~:text=Neom%20is%20undergoing%20a%20%E2%80%9Ccomprehensive%20review%E2%80%9D%20led%20by%20acting%20CEO\" style=\"\" rel=\"noopener\">comprehensive review<\/a> under acting CEO Aiman Al Mudaifer, who was appointed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/65ac9d65-c355-4728-b538-dc2cc2a62b4f\/nadhmi-al-nasr-leaves-neom\" style=\"\" rel=\"noopener\">in November<\/a>, with sources indicating he is likely to take on the role permanently following the departure of longtime chief Nadhmi Al Nasr. This comes amid growing pressure to deliver results as Neom faces delays or downsizing amid lower oil prices and declining foreign investment. <\/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>Climate<\/strong> <strong>adaptation solutions could generate USD 4 tn in annual revenues by 2050<\/strong>, up from around USD 1 tn today, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/103.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> issued last week by Singapore\u2019s sovereign wealth fund <a target=\"_blank\" href=\"https:\/\/www.gic.com.sg\/\" style=\"\" rel=\"noopener\">GIC<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bain.com\/\" style=\"\" rel=\"noopener\">Bain & Company<\/a>. The combined debt and equity value of companies offering adaptation solutions could grow from about USD 2 tn to USD 9 tn over the same period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the forecast: <\/strong>Adaptation solutions like backup power systems, wind-resistant building materials, advanced indoor cooling, and weather intelligence tools are expected to drive the predicted growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adaptation is noted as a more attractive play than mitigation<\/strong>, which still attracts the bulk of climate capital but comes with heavier political baggage associated with emission cuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But how much would adaptation cost?<\/strong> The annual cost of adaptation could reach USD 565 bn in developing countries alone by 2050, up from a <a target=\"_blank\" href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/Finance_Gap_Update.pdf\" style=\"\" rel=\"noopener\">2023 estimate<\/a> of USD 56 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-06\/clear-plans-needed-to-deploy-climate-adaptation-funds-un-says?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Tuesday, citing <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/392.pdf\" style=\"\" rel=\"noopener\">UNEP\u2019s 2022 adaptation gap report (pdf)<\/a>. The report also notes that adaptation is starting to draw more attention from banks and investors as a lower-risk alternative to mitigation or emission-cutting projects.<\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.morocco2025.sdewes.org\/\" style=\"\" rel=\"noopener\">1st African Conference on Sustainable Development of Energy, Water and<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.morocco2025.sdewes.org\/\" style=\"\" rel=\"noopener\">Environment Systems<\/a><\/strong><strong> will be held from Tuesday, 27 May until Saturday, 31 May<\/strong> in Oujda-Saidia, Morocco. The conference aims to promote policies and tech that delink economic growth from resource consumption by aligning energy, water, and environmental systems across key sectors, such as transport, wastewater, and cooling.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sdgs.un.org\/conferences\/ocean2025\" style=\"\" rel=\"noopener\">UN Ocean Conference<\/a><\/strong><strong> will be held from Monday, 9 June until Friday, 13 June <\/strong>in Nice, France. Aligning with SDG 14, the conference aims to encourage the conservation of oceans, seas, and marine resources and will be co-hosted by France and Costa Rica. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Canada\u2019s Kananaskis will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sdg.iisd.org\/events\/g7-summit-2025\/\" style=\"\" rel=\"noopener\">G7 Summit<\/a><\/strong><strong> from Sunday, 15 June until Tuesday, 17 <\/strong><strong>June. <\/strong>The annual summit brings together leaders from each of the member states \u2014 Canada, France, Germany, Italy, Japan, the UK, and the US, with the EU as a guest \u2014 to discuss their common plans. Major items on the agenda include climate change, economic growth, and technological advancement. <\/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\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\" 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href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/ksa-to-produce-hydrogen-powered-trucks-in-a-usd-4-bn-committement-by-ronn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/234.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89753\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/ksa-to-produce-hydrogen-powered-trucks-in-a-usd-4-bn-committement-by-ronn\/234-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/234.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"234.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/234.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/234.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89752\" class=\"content-area-description single-story post-89752 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseclimate tag-green-hydrogen tag-green-mobility tag-investment-watch tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.3331bf3d-0547-42c6-b76b-5dd17530c995.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ronn to establish a hydrogen truck factory: <\/strong>US-based Hydrogen automaker <a target=\"_blank\" href=\"https:\/\/www.ronnmotorgroup.com\" style=\"\" rel=\"noopener\">Ronn<\/a> approved a three-year contingency framework to set up a USD 4 bn hydrogen vehicles production JV in Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/press-release\/ronn-saudi-arabia-jv-greenlit-multi-billion-dollar-hydrogen-expansion-anchor-vision\" style=\"\" rel=\"noopener\">press release<\/a>. The framework would see Ronn establish two facilities in Saudi Arabia to produce 10k hydrogen-electric trucks, along with 1k Ronn Phoenix sport vehicles and one-off Halo Hypercar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What else do we know?<\/strong> The technical details of the production plants were not disclosed, but Ronn said more details will be announced as more project phases are approved. Engineering plans will be developed in the US and training programs will run for Saudi engineers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a first for Saudi: <\/strong>Chinese automaker <a target=\"_blank\" href=\"https:\/\/www.hongjingdrive.com\/\" style=\"\" rel=\"noopener\">Hyperview Mobility<\/a> is also planning to establish the Kingdom\u2019s first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/93399264-76f0-4e9a-b371-c0f8103a1c31\" style=\"\" rel=\"noopener\">hydrogen-powered truck factory<\/a> under an MoU signed in February with the Public Investment Fund. The project will kick off with a USD 50 mn investment for its initial phase and looks to produce 1k hydrogen trucks annually, with 60% of the output earmarked for export. Saudi Arabia\u2019s King Abdulaziz Port in Dammam <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dcf3996a-9989-4206-b0e5-45dd4ef420fd\" style=\"\" rel=\"noopener\">obtained 80 electric trucks<\/a> from Chinese heavy equipment maker Sany late last year as part of some SAR 7 bn investment made by the Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Against the tide: <\/strong>The big push in Saudi comes despite the global headwinds facing the green trucking sector, which saw at least <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ec4a489b-77d1-485e-94ae-6dfe94e234ef\/green-trucking-sector-loses-traction-worldwide,-surges-in-china\" style=\"\" rel=\"noopener\">six Western startups go bust<\/a> over the last seven months, including US-based Nikola and Hyzon Motors and EU-based Hyvia and Quantron, in addition to electric truck and bus makers Arrival and Proterra. Tepid demand, high hydrogen prices, and lackluster infrastructure are among the major challenges facing the industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the company:<\/strong> <a target=\"_blank\" rel=\"noopener\">Ronn<\/a> designs passenger and commercial vehicles and urban logistics trucks in partnership with manufacturing and engineering firms like Roush and Magna Styer, according to its <a target=\"_blank\" href=\"https:\/\/www.ronnmotorgroup.com\/about\" style=\"\" rel=\"noopener\">website<\/a>. The company is also working on launching strategic frameworks for hydrogen infrastructure in a few regions in cooperation with the contractor firm BayoTech. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MORE INVESTMENT NEWS FROM THE REGION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abdul Lateef Jameel-backed EV maker Rivian is investing USD 120 mn to build a supplier <\/strong><strong>park expansion near its facility in Illinois<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/rivian.com\/en-GB\/newsroom\/article\/rivian-to-bring-more-jobs-to-central-illinois-with-supplier-park\" style=\"\" rel=\"noopener\">press release<\/a> issued. The planned project will boost the company\u2019s supply chain as it ramps up production of its smaller and cheaper R2 SUV models next year. Construction is set to be completed in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The park is expected to reduce shipping, logistics, and warehousing costs as suppliers relocate closer to the Rivian production facility. It will also support increased production of its R1 SUVs and commercial vans while creating hundreds of jobs over the next two years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more in the works: <\/strong>Rivian signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0a7f1a19-bf2f-4719-beb5-e5b8f8998916\/abdul-latif-jameel-backed-rivian-closes-usd-6.6-bn-us-federal-loan\" style=\"\" rel=\"noopener\">USD 6.6 bn federal loan agreement<\/a> with the Biden Administration for its stalled Georgia plant. The company is planning to build the production facility in two phases with a 200k annual production capacity each. Phase 1 is set to begin production in 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Rivian has seen some challenges with deliveries: <\/strong>Rivian reported a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9289fd9a-65d1-4660-aafc-7c0056b41486\" style=\"\" rel=\"noopener\">36%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9289fd9a-65d1-4660-aafc-7c0056b41486\" style=\"\" rel=\"noopener\">decline<\/a> in 1Q deliveries in April after it expected to deliver between <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae54dee7-e233-4430-8a44-94c57dc9fc4f\" style=\"\" rel=\"noopener\">46k-51k EVs<\/a> this year, falling short of Wall Street analysts\u2019 estimates of around 54.8K. The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b843e3c4-0ae2-4edf-96c8-a80fd9d1e27f\/today:-uae%25e2%2580%2599s-taqa-drums-up-green-financing-%2B-oman%25e2%2580%2599s-ffo-details-initial-investments-in-clean-energy\" style=\"\" rel=\"noopener\">lowered its annual production forecast<\/a> for 2024 last October by over 14% due to parts shortage and demand slowdown. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-mobility\/\">green mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89754\" 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=\"89754\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/scatec-breaks-ground-on-1-1-gw-obelisk-solar-project-in-egypt\/\">\r\n                            Scatec breaks ground on 1.1 GW Obelisk solar project in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/scatec-breaks-ground-on-1-1-gw-obelisk-solar-project-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The project \u2014 awarded the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3209e015-6fab-4179-a719-42d5c35947f5\/egypt-grants-scatec%253cmark%253e-golden-license%253c%2Fmark%253e-for-usd-600-mn,-1-gw-solar-project\" style=\"\" rel=\"noopener\">golden license<\/a> in December \u2014 will be built over two phases, with plans to be fully operational in the second half of 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The first phase will bring 561 MW of solar energy and \/200 MWh of battery storage online in the first half of 2026 and the second phase will add another 564 MW of solar power in the second half of 2026. Scatec will also handle engineering, procurement and construction, asset management, and operations & maintenance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money coming from? <\/strong>Scatec signed equity bridge loans worth USD 120 mn for the project and put off the project equity injections until construction is done. The Arab Energy Fund will provide USD 90 mn, while the European Bank for Reconstruction and Development will provide another USD 30 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all: <\/strong>The energy player also signed a mandate letter for its long-term, non-recourse debt, accounting for 80% of the project\u2019s capex, with a group of development finance institutions. Other discussions are being held with potential equity partners, with financial close for the project expected within the next few months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Offtake is secured: <\/strong>Scatec signed a USD-denominated, 25-year Power Purchase Agreement with the Egyptian Electricity Transmission Company, which will be backed by a sovereign guarantee. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The project will be connected to the grid by 220 kV transmission lines built under a contract <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/752dd9e0-6417-447c-b6bc-ccae608d04f1\/waste-management,-solar,-geothermal,-green-finance,-green-manufacturing-and-infrastructure-updates-from-across-the-region\" style=\"\" rel=\"noopener\">signed last month<\/a> between the EETC and a consortium of Kharafi National and Power Ring. <\/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 SOLAR NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Oman\u2019s<\/strong> <strong>Manah<\/strong><strong> 2 is operational:<\/strong> Singapore\u2019s Sembcorp Utilities has commenced commercial operations at Oman\u2019s 588 MWp Manah 2 solar power project, according to a <a target=\"_blank\" href=\"https:\/\/www.sembcorp.com\/in\/news-and-insights\/news\/2025\/sembcorps-588mwp-solar-power-plant-in-oman-begins-commercial-operation\/\" style=\"\" rel=\"noopener\">press release<\/a> on Sunday. The company had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cdc0581-e2b0-4d5f-93e3-4b349657c542\" style=\"\" rel=\"noopener\">completed<\/a> acceptance tests in January, four months ahead of schedule.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Manah 2:<\/strong> It is one of two plants making up the 1 GW Manah solar development estimated at a total cost of about <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/88e74893-8ef2-46d8-91b1-8f673a535d44\/\" style=\"\" rel=\"noopener\">USD 800 mn<\/a>. Manah 2 is developed by a JV between Sembcorp Utilities and China\u2019s Jinko Power and is backed by a 20-year power purchase agreement with Oman\u2019s Nama Power and Water Procurement Company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Morocco <\/strong><strong>advances Noor Atlas solar program:<\/strong> The Moroccan Agency for Sustainable Energy (Masen) received approval to establish a wholly owned subsidiary \u2014 Noor Atlas Energy Company \u2014 to develop, operate, and maintain the Noor Atlas solar program, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/405.pdf\" style=\"\" rel=\"noopener\">decree (pdf)<\/a> published in the official gazette. The program will include six grid-connected photovoltaic power plants with a total capacity of around 291 MW, and will be rolled out across five regions.<\/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 program is expected to mobilize MAD 2.8 bn in total investments, financed through two concessional loans from Germany\u2019s KfW and the European Investment Bank, alongside a complementary loan from Moroccan credit institutions. The first phase of the program is expected to be completed within 18 months from the issuance of the service order, with at least two plants required to be finalized within no more than 13 months, <a target=\"_blank\" href=\"https:\/\/detafour.com\/%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%86%D9%88%D8%B1-%D8%A3%D8%B7%D9%84%D8%B3-%D8%A7%D9%84%D8%B4%D9%85%D8%B3%D9%8A-%D9%8A%D8%AF%D8%AE%D9%84-%D9%85%D8%B1%D8%AD%D9%84%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D9%81\/\" style=\"\" rel=\"noopener\">Detafour<\/a> reported on Tuesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masen has also launched a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/etendering.masen.ma\/?page=entreprise.EntrepriseDetailsConsultation&refConsultation=1090&orgAcronyme=t5y&echanges\" style=\"\" rel=\"noopener\">call<\/a><\/strong><strong> to select an independent technical advisor<\/strong>, who will oversee the implementation of the program from the design to full operation, Detafour added. The advisor\u2019s role will include reviewing technical studies submitted by executing companies, monitoring on-site progress, and supervising performance tests. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other Noors for Maroc: <\/strong>Morocco\u2019s 580 MW Noor Ouarzazate III solar power plant <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6e6dc72-e31e-4459-ad8a-e68ec1b2ec51\" style=\"\" rel=\"noopener\">resumed<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6e6dc72-e31e-4459-ad8a-e68ec1b2ec51\" style=\"\" rel=\"noopener\">operations<\/a> last month after a hiatus of over a year. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\" style=\"\" rel=\"noopener\">prequalified eight consortia<\/a> to develop the 400 MW third phase of the 1.6 GW Noor Midelt solar complex in the Atlas Mountains in 2023.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/scatec\/\">Scatec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89756\" 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=\"89756\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/kazakhstan-ratifies-agreement-for-masdar-backed-usd-1-4-bn-wind-project\/\">\r\n                            Kazakhstan ratifies agreement for Masdar-backed USD 1.4 bn wind 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\" 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<\/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\/05\/09\/kazakhstan-ratifies-agreement-for-masdar-backed-usd-1-4-bn-wind-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/676.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89757\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/kazakhstan-ratifies-agreement-for-masdar-backed-usd-1-4-bn-wind-project\/676-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/676.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"676.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/676.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/676.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89756\" class=\"content-area-description single-story post-89756 post type-post status-publish format-standard has-post-thumbnail hentry category-wind tag-enterpriseclimate tag-masdar tag-renewables tag-uae 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\/5\/.fe1899d3-43ba-4d72-b6fe-aecc99987a88.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kazakhstan, UAE\u2019s Masdar to build USD 1.4 bn wind energy <\/strong><strong>proje<\/strong><strong>ct<\/strong><strong>: <\/strong>Kazakhstan\u2019s government ratified an agreement with the UAE to develop a USD 1.4 bn wind power project in the country\u2019s Jambyl region in partnership with Masdar, <a target=\"_blank\" href=\"https:\/\/www.kt.kz\/rus\/ekonomika\/kazahstan_planiruet_privlech_1_4_mlrd_investitsiy_na_1377977355.html\" style=\"\" rel=\"noopener\">Kazakhstan Today<\/a> reported last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The 1 GW wind farm will include a 300 MW energy storage system, one of the first of its kind in the country, and will generate 3.4 bn kWh of energy annually \u2014 cutting CO2 emissions by 2 mn tons per year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project is expected to create 1k construction jobs and up to 100 permanent roles<\/strong>, while also supporting local supply chains and energy transit between Kazakhstan\u2019s northern and southern regions via a 425-km transmission line. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The wind farm agreement builds on a series of agreements Masdar signed with Kazakhstan throughout 2023 and 2024. At COP28, Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48d8b583-0313-4a09-9f1c-7a8786be6a6c\/\" style=\"\" rel=\"noopener\">inked a joint development agreement<\/a> with W Solar, Qazaq Green Power, and the Kazakhstan Investment Development Fund to develop the 1 GW project. November 2024 saw Masdar ink a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c63ba33d-d49f-4c99-b76b-6a451a40a516\/\" style=\"\" rel=\"noopener\">power purchase agreement<\/a> for the facility, which will include a 600 MWh battery storage system and supply power to 300k homes. Construction is slated to begin in 1Q 2026.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind\/\">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=\"89758\" 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=\"89758\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/\">\r\n                            A slew of earnings dropped from the region\u2019s green sector                        <\/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\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/')\">\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\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/\">\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=A slew of earnings dropped from the region\u2019s green industry players&url=https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/\">\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\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/&title=A slew of earnings dropped from the region\u2019s green industry players\">\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=A+slew+of+earnings+dropped+from+the+region%E2%80%99s+green+industry+players+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F05%2F09%2Fa-slew-of-earnings-dropped-from-the-regions-green-industry-players%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\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2428.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89759\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/a-slew-of-earnings-dropped-from-the-regions-green-industry-players\/2428-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2428.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2428.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2428.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2428.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89758\" class=\"content-area-description single-story post-89758 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-qir-fertilizers tag-acwa-power tag-earnings-watch tag-egypt tag-enterpriseclimate tag-lucid-motors tag-maaden tag-rivian tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.f68acd34-672f-43a9-b3d8-e329b3cd94b0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Acwa <\/strong><strong>Power<\/strong><strong>\u2019s net income increased 44% y-o-y to reach SAR 427 mn in 1Q 2025<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/617.pdf\" style=\"\" rel=\"noopener\">investor report (pdf)<\/a> issued on Thursday. The company\u2019s top line rose 57% y-o-y to SAR 1.97 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers:<\/strong> The bottomline growth was driven by higher gross profit, lower impairment expenses, and a higher deferred tax credit, while the topline jump was attributed to higher development and construction management services, increased O&M revenue, and a rise in electricity sales. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking forward:<\/strong> The company is planning to advance green hydrogen investments and sustainable infrastructure in China and consolidate its market presence in Bahrain by acquiring stakes in power and desalination assets.<\/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\">RIVIAN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rivian shrinks losses: <\/strong>Rivian recorded net losses of USD 541 mn in 1Q 2025, a big drop from last year\u2019s losses of almost USD 1.5 bn during the same period, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/538.pdf\" style=\"\" rel=\"noopener\">shareholders' letter (pdf)<\/a> issued on Tuesday. Consolidated revenues were flat on an annual basis at USD 1.2 bn for the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers:<\/strong>The drop in revenues was caused by lower commercial delivery volumes during the first quarter after an uptick during 4Q 2024. The lower delivery volumes were partially offset by higher average selling prices on the back of more consumer deliveries, the company said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tariffs could<\/strong><strong> increase the company\u2019s costs by a few USD thousands per vehicle<\/strong>, CEO RJ Scarnige told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-06\/rivian-cuts-ev-delivery-forecast-sees-tariffs-hurting-demand?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Wednesday. The EV maker slashed its 2025 delivery forecast to 40k-46k units \u2014 down from its earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae54dee7-e233-4430-8a44-94c57dc9fc4f\" style=\"\" rel=\"noopener\">46-51k<\/a> estimate earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But Rivian has no plan to change the R2\u2019s USD 45k starting price<\/strong>, Scarnige said. The company\u2019s upcoming R2 has a lower price and uses batteries made in Arizona, which would help it be more immune to supply chain volatility. Rivian also <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/rivian-stockpiled-ev-batteries-from-asia-ahead-of-trump-tariffs\" style=\"\" rel=\"noopener\">stockpiled<\/a> battery cells from suppliers in China and South Korea ahead of the tariffs, securing needed input to support production till early next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LUCID-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF<\/strong><strong>-backed<\/strong><strong> EV maker Lucid Motors recorded a net loss of USD 366 mn in 1Q 2025<\/strong>, a 46% y-o-y decrease \u2014 based on our calculations \u2014 from last year\u2019s USD 681 mn loss, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/535.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a> published on Tuesday. Revenues jumped some 36% y-o-y to USD 235 mn, up from USD 173 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Delivery boost: <\/strong>Lucid\u2019s deliveries increased around 58% y-o-y to 3.1k vehicles in the first quarter, and the company produced some 2.2k units, with 600 vehicles on the way to Saudi Arabia<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lucid also expects an 8-15% cost hike from tariffs<\/strong>, but is sticking with its full-year production guidance of 20k units, CEO Marc Winterhoff told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/rivian-slashes-annual-deliveries-forecast-us-tariffs-seen-hitting-demand-2025-05-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Wednesday. The company is also considering relocating the production of its newly planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/57d3cc33-82bc-4f52-8367-841a35fe6011\/\" style=\"\" rel=\"noopener\">USD 50k midsize SUV<\/a> to Saudi Arabia to sidestep tariff-related costs, but a final decision has not been made, Winterhoff said. <\/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\">MA\u2019ADEN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ma\u2019aden posted a 58% y-o-y surge to net income to <\/strong><strong>SAR<\/strong> <strong>1.6 bn in 1Q 2025<\/strong>, supported by higher JV contributions, lower finance costs, and reduced zakat and tax, partly offset by higher expenses and the absence of last year\u2019s SAR 199 mn insurance gain, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/430.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenue rose 16% y-o-y to SAR 8.5 bn, driven by higher commodity prices and increased sales volumes across most products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A busy quarter: <\/strong>Key milestones for the mining giant included advancing phase one of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6123857f-ff0b-4c23-beea-cc27f0a4aa10\/ma%25e2%2580%2599aden-awards-usd-922-mn-in-contracts-for-fertilizers-megaproject\" style=\"\" rel=\"noopener\">third<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6123857f-ff0b-4c23-beea-cc27f0a4aa10\/ma%25e2%2580%2599aden-awards-usd-922-mn-in-contracts-for-fertilizers-megaproject\" style=\"\" rel=\"noopener\">phosphate fertilizers project<\/a> in Wa\u2019ad Al Shamal and Ras Al Khair, to 35% completion with SAR 3.5 bn in contracts awarded, new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/090b363b-a648-4cf2-ba64-02e944ef7e6f\/ma%25e2%2580%2599aden-lands-upon-gold,-copper-in-three%253cmark%253e-mining%253c%2Fmark%253e-sites\" style=\"\" rel=\"noopener\">gold and copper finds<\/a> at Wadi Al Jaww and Jabal Shayban, and strong drilling results at Mansourah-Massarah. Maaden completed its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d03c4c68-bd53-426d-9026-4d1672045b11\/ma%25e2%2580%2599aden-purchases-20.6%2525%253cmark%253e-alba%253c%2Fmark%253e-stake\" style=\"\" rel=\"noopener\">SAR 3.62 bn acquisition<\/a> of Sabic\u2019s 20.6% stake in Alba, signed a non-binding mining JV agreement with Aramco, and expanded globally with new offices and warehouses. It also issued a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/68225443-e458-4a9f-ad19-c4d77a54f9b1\/saudi-electricity-company-raises-usd-1.25-bn-in-green-sukuks\" style=\"\" rel=\"noopener\">USD 1.25 bn sukuk<\/a>, nine times oversubscribed, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e1809778-1baa-4918-b823-f533728dca26\/takatuf-is-now-a-cornerstone-investor-in-umm-al-qura-ipo\" style=\"\" rel=\"noopener\">fully redeemed<\/a> its SAR 3.5 bn Ma\u2019aden Phosphate Company sukuk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Limited impact of tariffs: <\/strong>Ma\u2019aden expects minimal direct impact from US tariffs, citing its competitive cost structure, globally critical products, and geographically diversified customer base.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Maaden raised its 2025 CAPEX guidance to SAR 7.55\u20139.55 bn, with 70% earmarked for growth. The first phase of its Phosphate 3 project is set to complete construction by 2026-end, with production starting in 2027 and full capacity by year-end.<\/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\">ABU QIR FERTILIZERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Qir Fertilizers saw its net income dip 35.5% y-o-y to EGP 7.8 bn in the first <\/strong><strong>nine <\/strong><strong>months of the fiscal year 2024-2025<\/strong>, according to the EGX-listed company\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/131.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company attributed the decline in net income to lower FX gains following the EGP float in March of last year, as well as a decline in investment income distribution from Alexandria Fertilizers Company and Helwan Fertilizers Company compared to the same period in the last fiscal year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s revenues for the period increased 20.3% y-o-y to reach EGP 16.9 bn<\/strong>, while operating profits rose by EGP 752.2 mn and income tax decreased by EGP 1.1 bn compared to the same period last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The company said in December it wants to deploy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/826149d6-ed7d-46bf-a098-b78908fcb92e\" style=\"\" rel=\"noopener\">50 tons of green hydrogen<\/a> daily to displace an unidentified amount of natural gas in its Abu Qir 2 and 3 ammonia plants while increasing the production capacity of the Abu Qir 1 plant from 1.1k tons to 1.2k tons. The company also signed several agreements with international and local companies to support Abu Qir\u2019s green plans, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ed72a943-b589-4695-affa-cbe541378ea4\/today:-amea-invests-in-more-egypt-wind-assets-%2B-masdar%25e2%2580%2599s-500-mw-wind-farm-in-uzbekistan-is-online\" style=\"\" rel=\"noopener\">most recently<\/a> with MPS and ABB Group to optimize natural gas consumption. <\/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\/abu-qir-fertilizers\/\">Abu Qir Fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/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\/maaden\/\">Maaden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/rivian\/\">Rivian<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89760\" 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=\"89760\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/archer-names-ex-defense-attache-cristiano-tartaglione-as-coo\/\">\r\n                            Archer names ex-defense attach\u00e9 Cristiano Tartaglione as COO                        <\/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\/05\/09\/archer-names-ex-defense-attache-cristiano-tartaglione-as-coo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The retired Brigadier General will oversee the launch of Archer\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/57d3cc33-82bc-4f52-8367-841a35fe6011\/\" style=\"\" rel=\"noopener\">Midnight eVTOL aircraft<\/a> and the development of operational infrastructure. Tartaglione previously served as Italy\u2019s defense attach\u00e9 to the UAE and held a leadership role with the Italian Air Force.<\/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\/archer-aviation\/\">Archer Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emirates-ins\/\">Emirates Ins.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eshraq-investments\/\">Eshraq Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/klay\/\">Klay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89762\" 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=\"89762\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/green-finance-mining-and-solar-updates-from-the-region\/\">\r\n                            Green finance, mining, and solar updates from the region                        <\/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\/05\/09\/green-finance-mining-and-solar-updates-from-the-region\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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USD 148 mn) for two wastewater treatment projects, according to a <a target=\"_blank\" href=\"https:\/\/mof.gov.iq\/Pages\/MOFBannerHeadlineDetail.aspx?BannerNewsID=1649\" style=\"\" rel=\"noopener\">statement<\/a> issued on Tuesday. The first agreement will add EUR 30 mn in funding for a sewage project in Anbar Governorate\u2019s Al Khalidiya district, bringing its total funding to EUR 110 mn. A sewage project in Al Diwaniyah Governorate\u2019s Al Hamza district clinched the remaining EUR 100 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not AFD\u2019s first financing of regional waste management projects: <\/strong>AFD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fce5a416-476d-440a-90f2-2b5ff02bfdad\/egypt-inks-eur-7-bn-green-hydrogen-plant-agreement-during-macron%25e2%2580%2599s-visit\" style=\"\" rel=\"noopener\">agreed to provide<\/a> EUR 68 mn in financing and EUR 2 mn in grants to upgrade Egypt\u2019s East Alexandria Treatment Plant last month. The development financing agency also earmarked EUR 50 mn in financing and a EUR 1.5 mn grant to expand Cairo\u2019s Yellow Mountain Wastewater Treatment Plant.<\/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 FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco<\/strong> <strong>secures EUR 65 mn from EBRD:<\/strong> The European Bank for Reconstruction and Development (EBRD) is extending up to EUR 65 mn to Banque Marocaine pour le Commerce et l'Industrie (BMCI) to support green on-lending, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\/news-and-events\/news\/2025\/ebrd--eu--gcf-and-canada-foster-climate-mitigation-and-adaptatio.html\" style=\"\" rel=\"noopener\">press release<\/a> on Tuesday. The financing package is part of the EU\u2019s Morocco Decarbonisation and Climate Resilience program and includes a EUR 1.75 mn allocation from the Green Climate Fund (GCF) and EUR 2.4 mn from Canada through the EBRD\u2019s High-Impact Partnership on Climate Action.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dual financing structure:<\/strong> BMCI will direct the funds as sub-loans to SMEs and large firms to help them adopt cleaner tech and boost sustainability. BMCI will also receive technical assistance and investment incentives under the EBRD\u2019s Green Economy Financing Facility, funded by the EU and the GCF. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBRD ? Morocco: <\/strong>EBRD extended a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fcb38465-d623-4397-98ee-e1d41ea8f549\" style=\"\" rel=\"noopener\">EUR 110 mn senior loan<\/a> to Betoya Industriel and Logistic Zone to develop a climate-resilient economic zone within the Nador West Med industrial port complex in March. It also extended a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/02fed032-d844-43fa-8fc2-eee6fd21d28e\" style=\"\" rel=\"noopener\">EUR 200 mn loan<\/a> to Moroccan fertilizer giant OCP Group to build two new desalination plants last November.<\/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>Saudi <\/strong><strong>Arabia taps Fleet Space, Tahreez to explore minerals: <\/strong>Saudi Arabia\u2019s Ma\u2019aden has signed a four-year exploration contract with a JV between Australian space exploration company Fleet Space and Saudi security company Tahreez, according to a <a target=\"_blank\" href=\"https:\/\/www.fleetspace.com\/newsroom\/maaden-signs-fleet-space-tahreez-to-explore-12-000-km2-of-arabian-shield\" style=\"\" rel=\"noopener\">press release<\/a> issued on Tuesday. The agreement will see Fleet Space deploy its environmentally sensitive <a target=\"_blank\" href=\"https:\/\/www.fleetspace.com\/exosphere\" style=\"\" rel=\"noopener\">ExoSphere<\/a> technology to deliver real-time 7 km-deep subsurface 3D models. The company will also utilize its low Earth orbit satellites, smart ground sensors, and advanced AI models to identify promising areas for exploration drilling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The trio is building upon a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7f1595ab-a9a0-42aa-aed8-868ababdd270\/more-mining-updates-from-saudi%25e2%2580%2599s-future-minerals-forum\" style=\"\" rel=\"noopener\">partnership agreement<\/a> originally signed in January for exploration in the Arabian Shield. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ma\u2019aden\u2019s big ambitions:<\/strong> Mining giant Ma'aden <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0367c323-ad6e-4c58-b240-5ccd5858c5d1\" style=\"\" rel=\"noopener\">said last year<\/a> it wants to grow 10x by 2040 to become one of the world\u2019s largest mining companies, targeting both mining JVs abroad and Saudi Arabia\u2019s untapped mineral resources, which were reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e4523a85-b9f5-49cc-8172-6b8e2ff21573\" style=\"\" rel=\"noopener\">last year<\/a> to be worth as much as USD 2.5 tn \u2014 90% more than the last forecast in 2016. <\/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\">CARBON MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s voluntary carbon trading market rebranded as the Egyptian Climate <\/strong><strong>Exchange (EGCX)<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/290.png\" style=\"\" rel=\"noopener\">EGX statement (pdf)<\/a> released on Monday. The rebranded market will now also accommodate more types of sustainability-linked financial instruments (not just carbon credits) \u2014including <a target=\"_blank\" href=\"https:\/\/energy-attribute-certificates.com\/\" style=\"\" rel=\"noopener\">energy attribute certificates<\/a><a target=\"_blank\" href=\"https:\/\/energy-attribute-certificates.com\/\" style=\"\" rel=\"noopener\">(EACs)<\/a>, which track and verify the origin of renewable energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New players <\/strong><strong>dipped their toes in the market:<\/strong> Apparel manufacturer <a target=\"_blank\" href=\"https:\/\/concrete.store\/en?gad_source=1&gbraid=0AAAAADBuzQg9KGZ3SA5NQPy6wlQ34hUL9&gclid=Cj0KCQjww-HABhCGARIsALLO6XwEuJj5v-7q8sFJ06bA6eev5glc7LMZqlJ1n0AaFhAxYt3-tDKeLXMaAtUCEALw_wcB\" style=\"\" rel=\"noopener\">Concrete<\/a> purchased carbon credits representing 500 metric tons of carbon dioxide from the <a target=\"_blank\" href=\"https:\/\/ebda.earth\/\" style=\"\" rel=\"noopener\">Egyptian Biodynamic Association (EBDA)<\/a> in a transaction valued at EGP 500k. The transaction was the sixth carbon trade in the market since it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf6f83bf-cf94-4686-a908-2e5c27b3c511\/egypt-launches-africa%E2%80%99s-first-carbon-market\" style=\"\" rel=\"noopener\">launched in August last year<\/a>, and it brought the total volume of traded carbon certificates to 5.5k. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The EGCX \u2014 previously dubbed as Africa\u2019s first voluntary carbon market \u2014 allows companies to issue, sell, and buy voluntary carbon certificates in Egypt and Africa to offset emissions. Notable participants to date include <a target=\"_blank\" href=\"https:\/\/isisorganic.com\/\" style=\"\" rel=\"noopener\">Isis Organic<\/a>, and <a target=\"_blank\" href=\"https:\/\/daltexcorp.com\/\" style=\"\" rel=\"noopener\">Daltex<\/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\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Qatar has big infrastructure plans: <\/strong>Qatar General Electricity and Water Corporation (Kahramaa) has signed four contracts worth almost QAR 3.1 bn (c. USD 851 mn) to expand the country\u2019s electricity infrastructure to meet growing demand, according to a <a target=\"_blank\" href=\"https:\/\/www.km.qa\/MediaCenter\/Pages\/NewsDetails.aspx?ItemID=483\" style=\"\" rel=\"noopener\">press release<\/a> issued on Monday. The agreements cover upgrades of existing substations and the construction of seven high-voltage ones with the necessary underground cables and overhead transmission lines to connect them to the grid, spanning 212 km.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The contractors: <\/strong>The contracts were signed with Elsewedy Cables Qatar Company, Voltage Engineering, Turkey\u2019s Best and Betash Consortium, and South Korea\u2019s Taihan Cable & Solution, with 58.4% of the value of the contracts given to Qatari companies in line with the country\u2019s privatization push. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SOLAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nippon Energy bags solar panel factory in UAE: <\/strong>Japanese solar company <a target=\"_blank\" href=\"https:\/\/www.nipponenergy.co\/\" style=\"\" rel=\"noopener\">Nippon<\/a><a target=\"_blank\" href=\"https:\/\/www.nipponenergy.co\/\" style=\"\" rel=\"noopener\">Energy<\/a> is launching an HJT solar panel manufacturing plant it recently acquired in Dubai, according to a statement <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7321413964981002240\/\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/nippon-energy_hjtsolarpanel-energy-renewables-activity-7322485668151017472-y8SA\/?utm_source=share&utm_medium=member_desktop&rcm=ACoAACxR4pABvSbcxsBMUc-IOBf0VI1XWqO_Tx0\" style=\"\" rel=\"noopener\">here<\/a> earlier this month. Details of the transaction were not disclosed but the factory is said to have been established in 2016. Nippon is just the latest Asian company to turn to our region for solar manufacturing, with two Chinese firms advancing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/9a8d7f61-7d72-4ea8-a666-3c2ec8fae03c\/egypt-eyes-up-to-usd-20-bn-for-italy-bound-interconnector-amid-rising-competition-with-north-africa%25e2%2580%2599s-electricity-exporters\" style=\"\" rel=\"noopener\">two separate solar production projects<\/a> just last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The MENA region could emerge from the China-US trade war as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/9a8d7f61-7d72-4ea8-a666-3c2ec8fae03c\/egypt-eyes-up-to-usd-20-bn-for-italy-bound-interconnector-amid-rising-competition-with-north-africa%25e2%2580%2599s-electricity-exporters\" style=\"\" rel=\"noopener\">solar<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/9a8d7f61-7d72-4ea8-a666-3c2ec8fae03c\/egypt-eyes-up-to-usd-20-bn-for-italy-bound-interconnector-amid-rising-competition-with-north-africa%25e2%2580%2599s-electricity-exporters\" style=\"\" rel=\"noopener\">production hub<\/a> as China and Southeast Asian green producers shift operations abroad to evade tariffs. The US is also expected to turn to the region for green tech imports as developers look to source cheaper imports after the US blasted solar producers from China, Vietnam, Malaysia, and Thailand with up to 3,500% duties. MENA\u2019s robust local demand for solar products is also expected to spur production capacity as the region looks to hit about 100 GW of solar capacity by 2029.<\/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\">INTERCONNECTION PROJECTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBRD backs Gregy:<\/strong> The European Bank for Reconstruction and Development has signed a grant agreement with Copelouzos Group subsidiary Elica Interconnector to support feasibility studies for the planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/acbecd89-aadc-4844-85cd-b94743e29330\" style=\"\" rel=\"noopener\">3 GW Egypt-Greece interconnection project (Gregy)<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/132.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> issued last week. The studies would include desk research on ways to optimize the route of the submarine cable, as well as cost-benefit and technical analyses. The funding will come from the EU\u2019s InvestEU Advisory Hub, in which the EBRD is a partner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The completion of the project\u2019s feasibility studies is aimed at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/27fa1174-6743-4df4-920f-b307391dfa81\/top-stories:-al-futtaim-invests-in-byd-%2B-tabreed-wraps-green-sukuk-offering\" style=\"\" rel=\"noopener\">this year<\/a>, with required approvals and permits slated to be secured in 2026. If the project moves as planned, construction is set to be completed in September 2029, with commissioning targeted to begin in January 2030. In January, Greece was reported to be negotiating a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/96956751-72d5-4252-a8f0-c3b633de041c\/top-stories:-uae%25e2%2580%2599s-adq-and-us-based-orion-launch-mining-jv-%2B-amea-power-to-develop-a-bess-project-in-egypt\" style=\"\" rel=\"noopener\">EUR 20 mn loan<\/a> to fund its side of the feasibility and FEED studies, and the countries were reported in March to be close to securing EUR 1 bn in grant and concessional financing from European institutions. <\/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>Iraq<\/strong> <strong>launches tenders for 3 GW of renewables in Wasit:<\/strong> Iraq\u2019s Wasit province has opened the door for international investment in 25 renewable energy projects, targeting both solar and wind, with a combined capacity of 3 GW, according to a <a target=\"_blank\" href=\"https:\/\/wasit.gov.iq\/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1\/%d9%85%d8%ad%d8%a7%d9%81%d8%b8%d8%a9-%d9%88%d8%a7%d8%b3%d8%b7-%d8%aa%d8%b9%d9%82%d8%af-%d8%a7%d9%84%d9%85%d8%a4%d8%aa%d9%85%d8%b1-%d8%a7%d9%84%d8%a3%d9%88%d9%84-%d9%84%d9%84%d8%aa%d8%ad%d9%88%d9%84\/\" style=\"\" rel=\"noopener\">statement<\/a> last week. Companies have been invited to submit bids starting 4 May for 30 days. <\/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\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong>-based <\/strong><strong>Amea <\/strong><strong>Power has <\/strong><strong>purchased shares in <\/strong><strong>Moroccan wind energy company <\/strong><strong>\u00c9nergie \u00c9olienne du Maroc<\/strong>, <a target=\"_blank\" href=\"https:\/\/24saa.com\/%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A3%D9%85%D9%8A%D8%A7-%D8%A8%D8%A7%D9%88%D8%B1-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9\/\" style=\"\" rel=\"noopener\">24saa<\/a> reported on Monday, citing a decree published last month in Morocco\u2019s Official Gazette. \u00c9nergie \u00c9olienne du Maroc launched a MAD 800 mn, 200 MW wind power project dubbed Aftissat 2 in 2023 with a 50 MW extension, according to the Moroccan Energy Ministry's <a target=\"_blank\" href=\"https:\/\/www.mem.gov.ma\/ar\/Pages\/secteur.aspx?e=2&sprj=162#:~:text=%D8%AA%D9%82%D9%88%D9%85%20%D8%B4%D8%B1%D9%83%D8%A9%20%C2%AB%20Energie%20Eolienne%20du,%D8%A7%D9%84%D9%83%D8%B1%D8%A8%D9%88%D9%86%20%D8%B9%D9%86%20%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9%20%D8%A7%D9%84%D8%AD%D8%B1%D8%A9%20%D8%A8%D8%A7%D9%84%D9%82%D9%86%D9%8A%D8%B7%D8%B1%D8%A9.\" style=\"\" rel=\"noopener\">website<\/a>. The company was previously held by Italy\u2019s Italgen Maroc. <\/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>Ewec opens 2Q CEC registration: <\/strong>Emirates Water and Electricity Company (Ecec) has opened up registration for its 2Q 2025 Clean Energy Certificates auction (CECs). Submissions will be accepted until 13 June. (<a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/ewec-opens-q2-2025-clean-energy-certifications-auction-enable-businesses-verify\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Oman <\/strong><strong>mandates electric + hydrogen charging in stations:<\/strong> Oman has issued new regulations requiring fuelling stations to provide charging points for EVs and hydrogen vehicles. Stations must also include infrastructure that supports solar energy alongside conventional electric power. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/tejarah-om_%D8%A7%D9%84%D9%84%D8%A7%D8%A6%D8%AD%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85%D9%8A%D8%A9-%D8%AA%D8%BA%D9%8A%D8%B1-%D8%B4%D9%83%D9%84-%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D8%A7%D9%84%D9%88%D9%82%D9%88%D8%AF-activity-7325045101485785089-KYYl?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFGfMdwBvwCnAdHD2iP3FRvBcRC2SDNgC2M\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Empower <\/strong><strong>bags another LEED certification: <\/strong>The UAE\u2019s Empower has received the Gold LEED certification from the US Green Building Council for its <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/April\/10-04\/Empower-commences\" style=\"\" rel=\"noopener\">Dubai Land Residence Complex District Cooling Plant<\/a>. The project \u2014 composed of four plants, with three more planned \u2014 is one of the company\u2019s newest, with a capacity of 47k RT and plans to grow to 120k RT. (<a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/267.pdf\" style=\"\" rel=\"noopener\">Press release.pdf<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/maaden\/\">Maaden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89764\" 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=\"89764\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD THIS WEEK<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-project\/\">\r\n                            TotalEnergies eyes chile for USD 16 bn 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\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-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\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-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\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-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=TotalEnergies eyes chile for USD 16 bn project&url=https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-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\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-project\/&title=TotalEnergies eyes chile for USD 16 bn 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=TotalEnergies+eyes+chile+for+USD+16+bn+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F05%2F09%2Ftotalenergies-eyes-chile-for-usd-16-bn-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\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/384.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89765\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/totalenergies-eyes-chile-for-usd-16-bn-project\/384-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/384.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"384.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/384.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/384.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89764\" class=\"content-area-description single-story post-89764 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world-this-week tag-around-the-world-this-week tag-critical-minerals tag-enterpriseclimate tag-evs tag-green-finance tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.a6f59441-497d-4cd9-8d31-bba2d90e4564.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>TotalEnergies <\/strong><strong>seeks permit for USD 16 bn hydrogen project:<\/strong> Chile\u2019s TEC H2 MAG \u2014 a subsidiary of energy giant TotalEnergies \u2014 is seeking to clinch environmental permits for a USD 16 bn green hydrogen and ammonia project in Chile, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/totalenergies-seeks-permit-16-billion-green-hydrogen-project-chile-2025-05-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Monday. The project comprises a wind farm, a desalination plant, an ammonia plant, maritime infrastructure for shipping, and seven electrolysis centers for green hydrogen. Construction will begin in 2027 and operations are set for 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER CHILE NEWS- Chinese <\/strong><strong>firms <\/strong><strong>pull the plug on Lithium processing plans: <\/strong>Chinese EV maker BYD and metals group Tsingshan are withdrawing from plans to build lithium iron phosphate (LFP) cathode plants in Chile, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/chinas-byd-tsingshan-scrap-plans-chile-lithium-plants-newspaper-reports-2025-05-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Wednesday, citing gov\u2019t agency the <a target=\"_blank\" href=\"https:\/\/www.corfo.cl\/sites\/cpp\/movil\/webingles#\" style=\"\" rel=\"noopener\">Production Development Corporation (Corfo)<\/a>. The two companies had been selected in 2023 for a preferential lithium pricing agreement aimed at spurring investment in the sector. Chile is the world\u2019s second-largest lithium producer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plunging lithium prices drove the exits<\/strong>, Reuters added citing Corfo. Tsingshan told Reuters it withdrew plans for a USD 233 mn plant to produce 120k metric tons of LFP annually, while BYD also filed an intent to withdraw from its planned USD 290 mn plant to produce 50k metric tons of LFP in January, Corfo told Reuters. <\/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>Vietnamese EV maker VinFast has secured an IDR 1.85 tn (USD 110 mn) syndicated loan <\/strong><strong>facility to finance the construction of its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/vinfastauto.us\/investor-relations\/news\/vinfast-breaks-ground-on-new-ev-assembly-plant-in-indonesia\" style=\"\" rel=\"noopener\">EV manufacturing plant<\/a><\/strong><strong> in Indonesia<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/vinfastauto.us\/investor-relations\/news\/vinfast-signed-us190-million-syndicated-loan-for-its-automobile-plant-in\" style=\"\" rel=\"noopener\">press release<\/a> from last week. Indonesian bank BNI \u2014 the underwriter and lead arranger of the funding \u2014 will provide IDR 1.51 tn (USD 90 mn) of the total amount while Maybank will supply the rest. The loan agreement includes an additional USD 80 mn as a possible extension facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The region has shown interest in VinFast: <\/strong>Vingroup signed an MoU in March with private equity fund JTA Investment Qatar to explore an equity investment of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/27fa1174-6743-4df4-920f-b307391dfa81\/top-stories:-al-futtaim-invests-in-byd-%2B-tabreed-wraps-green-sukuk-offering\" style=\"\" rel=\"noopener\">at least USD 1 bn<\/a> in VinFast. Emirates Driving Company was also reported in October to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8dd65c1-1a2a-48d2-a57e-bb06f1836ab3\/\" style=\"\" rel=\"noopener\">leading a consortium<\/a> of investors to explore providing VinFast with at least USD 1 bn in funding. The EV maker established its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b422e7d3-35ae-442b-b353-263f11715ba6\" style=\"\" rel=\"noopener\">regional headquarters<\/a> in Dubai with assistance from the Dubai last year.<\/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>Hawaii <\/strong><strong>to fund climate action via tourist tax: <\/strong>Hawaii has greenlit a 0.75% tax on tourist accommodations \u2014 hotel rooms, timeshares, and vacation rentals \u2014 to raise funds for environmental protection and boost its resilience to natural disasters linked to climate change. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/may\/05\/hawaii-bill-tax-hotel-tourist-green-fee\" style=\"\" rel=\"noopener\">The Guardian<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world-this-week\/\">AROUND THE WORLD THIS WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89766\" 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=\"89766\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/updating-europes-grid-will-require-usd-tns\/\">\r\n                            Updating Europe\u2019s grid will require USD tns                        <\/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\/05\/09\/updating-europes-grid-will-require-usd-tns\/\" 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\/05\/09\/updating-europes-grid-will-require-usd-tns\/')\">\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\/05\/09\/updating-europes-grid-will-require-usd-tns\/\">\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=Updating Europe\u2019s grid will require USD tns&url=https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/updating-europes-grid-will-require-usd-tns\/\">\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\/05\/09\/updating-europes-grid-will-require-usd-tns\/&title=Updating Europe\u2019s grid will require USD tns\">\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=Updating+Europe%E2%80%99s+grid+will+require+USD+tns+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F05%2F09%2Fupdating-europes-grid-will-require-usd-tns%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\/05\/09\/updating-europes-grid-will-require-usd-tns\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/667.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89767\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/05\/09\/updating-europes-grid-will-require-usd-tns\/667-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/667.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"667.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/667.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/667.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89766\" class=\"content-area-description single-story post-89766 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-european-union tag-interconnector-projects tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.41957bbf-b404-4826-ac52-763ef8fa0f8d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Power stability could need <\/strong><strong>USD<\/strong> <strong>tns<\/strong><strong> investments:<\/strong> Europe\u2019s outdated electricity grid will require investing USD tns to avoid large-scale blackouts and keep pace with rising renewable energy output and electricity demand, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/eu-power-grid-needs-trillion-dollar-upgrade-avert-spain-style-blackouts-2025-05-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Monday. The warning comes after a sudden collapse in Spain\u2019s solar power output last week appeared to have triggered a major <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3dbe348a-8e7a-4794-aa53-95f669b4a803\/\" style=\"\" rel=\"noopener\">blackout across Spain and Portugal<\/a>, raising questions about grid stability as more clean energy comes online. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No grid is immune<\/strong>, Cardiff University's School of Engineering head Prof. Jianzhong Wu told the <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/2025\/may\/02\/blackouts-energy-outage-risks-europe-worldwide-spain-portugal-france\" style=\"\" rel=\"noopener\">Guardian<\/a> last Friday, noting that most networks are old and not designed to be entirely blackout-proof \u2014 and doing so would require investments far beyond what is economically viable. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Power collapses may be caused due to grid \u2018glitches<\/strong>,\u2019 whether a mechanical error in a power line, an overloaded substation, or a software error, the Guardian reported. Renewables make the job harder because they don\u2019t provide \u201cinertia,\u201d the stabilizing force created by spinning turbines in fossil fuel plants that maintain grid frequency at 50Hz. Without it, a sudden loss in power can cause the frequency to swing and trigger protective shutdowns across the grid. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> The <a target=\"_blank\" href=\"https:\/\/energypedia.info\/wiki\/Technical_Aspects_of_Grid_Interconnection\" style=\"\" rel=\"noopener\">electricity grid<\/a> is a network of physical infrastructure \u2014 power plants, transmission lines, substations, distribution cables, transformers, and control centers \u2014 that move electricity from source to user. These assets age and degrade over time and newly built interconnections between countries don\u2019t replace the internal aging grid.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is a clear investment gap:<\/strong> Global investments in new solar capacity edged USD 500 bn <a target=\"_blank\" href=\"https:\/\/www.iea.org\/reports\/world-energy-investment-2024\/overview-and-key-findings\" style=\"\" rel=\"noopener\">last year<\/a>, and only USD 400 bn was directed toward grid upgrades, threatening system stability as electricity demand rises. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/european-union\/\">European Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/interconnector-projects\/\">interconnector projects<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89768\" 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\/05\/09\/89768\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89768\" class=\"content-area-description single-story post-89768 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY  <\/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 style=\"font-weight:400;\">, Muscat, Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>13-14 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/internationaldcc.com\/\" style=\"\">International District Cooling Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>14-15 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.peakevents.org\/KSA-greenenergy\/\" style=\"\">Saudi Arabia Green Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>27-31 May (Tuesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.morocco2025.sdewes.org\/\" style=\"\">1st African Conference on Sustainable Development of Energy, Water and Environment Systems (SDEWES)<\/a><\/span><span>, Saidia, <\/span><span>Morocco<\/span><span>. <\/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>2-4 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/GreenChemistryConference\/\" style=\"\">International Conference on Green Chemistry and Renewable Energy<\/a><\/span><span>, Rome, Italy. <\/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>, 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;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>20-22 July (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icget.org\/\" style=\"\">International Conference on Green Energy Technologies<\/a><\/span><span>, Nagasaki, Japan. <\/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>Saudi Arabia to produce hydrogen-powered trucks | 1.1 GW of solar on the way to Egypt\u2019s grid | Masdar's 1 GW wind farm | A slew of earning reports<\/p>\n","protected":false},"featured_media":89748,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-89747","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0dcce201-2d0d-4648-b2f4-cf867cf047d2","teaser":"Saudi Arabia to produce hydrogen-powered trucks | 1.1 GW of solar on the way to Egypt\u2019s grid | Masdar's 1 GW wind farm | A slew of earning reports","photo_url":"https:\/\/ent.news\/2024\/4\/482.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>Ronn 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