{"id":74980,"date":"2022-11-28T02:06:38","date_gmt":"2022-11-28T02:06:38","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/28\/today-uaes-amea-power-spends-usd-25-mn-on-solar-expansion-a-first-look-at-climate-x-speakers-list\/"},"modified":"2022-11-28T02:06:38","modified_gmt":"2022-11-28T02:06:38","slug":"today-uaes-amea-power-spends-usd-25-mn-on-solar-expansion-a-first-look-at-climate-x-speakers-list","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/28\/today-uaes-amea-power-spends-usd-25-mn-on-solar-expansion-a-first-look-at-climate-x-speakers-list\/","title":{"rendered":"TODAY: UAE\u2019s Amea Power spends USD 25 mn on solar expansion + A first look at Climate X speakers list"},"content":{"rendered":"<p><strong>Good morning, ladies and gents<\/strong>, and welcome to a relatively slow start to the workweek as everyone\u2019s attention seems to be devoted to the World Cup.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>UAE\u2019s Amea Power is adding 20 MW of capacity to its solar project in Togo to reach 70 MW. After the completion of the expansion, the Mohammed bin Zayed solar power plant in Togo will be the largest in West Africa. Closer to home, aluminum conglomerate Emirates Global Aluminium has purchased clean energy certificates for 1.1 mn MWh of electricity in a bid to certify production of around 80k tons of its solar-powered aluminum.<\/p>\n<p><strong>^^We have more on these stories and others in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Europe\u2019s summer heatwave <\/strong><strong>may have caused 20k deaths: <\/strong>Western Europe saw some 20k \u201cexcess\u201d deaths due to soaring summer temperatures that would have been \u201cvirtually impossible\u201d without climate change, according to <a href=\"https:\/\/www.worldweatherattribution.org\/wp-content\/uploads\/WCE-NH-drought-scientific-report.pdf\">data (pdf)<\/a> released on Thursday by the World Weather Attribution group. The analysis looked at the difference between the number of deaths seen over the summer and those expected based on historical trends, with covid-19 deaths excluded. These included over 10k in France, over 4.6k in Spain, some 4.5k in Germany, and over 3k in England and Wales. Summer 2022 was the hottest summer on record, according to the <a href=\"https:\/\/climate.copernicus.eu\/copernicus-summer-2022-europes-hottest-record\">EU\u2019s Copernicus<\/a> climate change service. The story has been picked up by <a href=\"https:\/\/www.reuters.com\/business\/cop\/europes-heatwave-may-have-caused-more-than-20000-excess-deaths-2022-11-24\/\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-24\/europe-s-hottest-summer-results-in-20-000-excess-deaths-as-climate-changes?srnd=green\">Bloomberg<\/a>, and <a href=\"https:\/\/www.theguardian.com\/environment\/2022\/nov\/24\/over-20000-died-western-europe-heatwaves-figures-climate-crisis\">The Guardian<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p class='web-image' ><a href='https:\/\/climatexforum.enterprise.press\/index.html#agenda'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Enterprise-Climate-X-GEM-En-1600x.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Some of the biggest names in Egypt\u2019s climate industry are appearing at our inaugural <\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html\">Enterprise Climate X Forum<\/a><\/strong><strong>, which takes place on Tuesday, 6 December at the Grand Egyptian Museum. Are you? <\/strong><\/p>\n<p><strong>Hydrogen: What is it, what does a \u201chydrogen economy\u201d look like and how will we know it\u2019s becoming real? <\/strong>Jorgo Chatzimarkakis, CEO of industry association Hydrogen Europe, is flying in to help us unpack it.<\/p>\n<p><strong>Three industry leaders will talk about climate as the biggest (and most important) business opportunity of our generation: Mohamed Mansour<\/strong> is co-founder and CEO of Infinity. <strong>Amr Allam<\/strong> is co-CEO of Hassan Allam Holding. Jointly and seprately, they\u2019re building and operating GW worth of renewable energy projects, charging stations, desalination, wastewater, and more. They\u2019ll be joined on stage by <strong>Sherif El Kholy<\/strong>, partner and head of MENA at private equity giant Actis, who has a passion for investing in green businesses \u2014 and for helping conventional businesses put ESG at the core of what they do.<\/p>\n<p><strong>How are we going to pay for it all? <\/strong><strong>Todd Wilcox<\/strong>, CEO and deputy chairman of HSBC Egypt; <strong>Tarek El Nahas<\/strong>, group head of international banking at Mashreq; <strong>Khaled Hamza<\/strong>, director and head of Egypt at the European Bank for Reconstruction and Development (EBRD); and <strong>Nader Abushadi<\/strong>, group treasurer at Dar Group, will help us get our heads around topics including green, sustainability-linked, blended, and concessional finance, as well as how much you need to know about your supply chain.<\/p>\n<p>We\u2019ll also be meeting Shift EV\u2019s <strong>Aly El Tayeb<\/strong> and Algebra\u2019s <strong>Karim Hussein<\/strong>, the guys who want to be Egypt\u2019s first climate bn\u2019aires. They\u2019ll be talking with USAID Egypt Mission Director <strong>Leslie Reed <\/strong>as well as EFG Hermes Head of Strategy <strong>Simon Kitchen<\/strong>, who\u2019s flying in from London to talk with us about how business leaders across frontier and emerging markets are getting their heads around climate.<\/p>\n<p><strong>** Have you confirmed your attendance? <\/strong>We\u2019ll be sending you on Sunday, 4 December the QR code you\u2019ll need to gain admission to the Grand Egyptian Museum, along with a Google Maps link and some other pointers.<\/p>\n<p><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#agenda\">Tap or click here for the full agenda<\/a><\/strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#agenda\">.<\/a><\/p>\n<p><strong>HAPPENING TODAY- <\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/infrastructuresa.org\/green-hydrogen-summit\/\">South Africa Green Hydrogen Summit<\/a><\/strong><strong> is kicking off today <\/strong>and will run through Thursday in Cape Town. Hosted by Infrastructure South Africa, the event will showcase the country\u2019s potential as an investment destination. Egypt, Mauritania, and Morocco \u2014 all members of the Africa Green Hydrogen Alliance \u2014 will be attending the summit to present their national agendas for green hydrogen projects.<\/p>\n<p><strong>THE WORLD CUP TODAY- It\u2019s day nine of the tournament<\/strong>, and these are the Group G and H teams facing off (all times CLT):<\/p>\n<ul>\n<li>Cameroon v Serbia (12pm)<\/li>\n<li>South Korea v Ghana (3pm)<\/li>\n<li>Brazil v Switzerland (6pm)<\/li>\n<li>Portugal v Uruguay (9pm)<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1-<\/strong> <strong>Egypt will announce its low-carbon hydrogen strategy by <\/strong><strong>the end of the year<\/strong>, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid037dh7R7Yk1DgigsWGeXbiQnBNWQrZH6icCbZKx3fsXbzrJu8HXDUDgaktEQ4JFUK3l\">statement<\/a>. The strategy was drafted in partnership with the European Bank for Reconstruction and Development and forecasts Egypt\u2019s green hydrogen market will grow sevenfold by 2025 \u2014 contributing USD 10-18 bn to its GDP. This will enable Egypt to produce 8% of the world\u2019s green hydrogen, according to Electricity and Renewable Energy Minister Mohamed Shaker.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>WATCH THIS SPACE #2- Qatari investments in London at risk over advertising<\/strong> <strong>squabble: <\/strong>Qatar is reconsidering GBP 10 bn worth of investments \u2014 including renewable energy \u2014 in London after the British capital\u2019s transport authority banned the country\u2019s advertisements on trains over alleged abuse of migrant workers and LGBTQ rights, the <a href=\"https:\/\/www.ft.com\/content\/2e9fa908-8a55-4314-bfe0-018e671011c9\">Financial Times<\/a> reports. Qatar pledged to invest GBP 10 bn over five years into various sectors in London <a href=\"https:\/\/www.reuters.com\/world\/uk\/uk-says-qatar-set-invest-10-billion-pounds-britain-2022-05-24\/\">back in May<\/a> and is now reconsidering diverting the funds to other cities in the UK.<\/p>\n<p><strong>WATCH THIS SPACE #3-<\/strong> <strong>H2 Industries\u2019 waste-to-hydro plans in Egypt moving <\/strong><strong>forward: <\/strong>US-based H2 Industries is reportedly in discussions with offtakers for its planned USD 3 bn waste-to-hydrogen facility in Egypt, <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/egypt-waste-to-hydrogen-project-offtake-agreements-under-preparation-with-2025-timeline-a9sswfnq\">Zawya<\/a>quoted CEO Michael Stusch as saying. The plant <a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/27\/israels-newmed-leaning-towards-floating-lng-terminal-over-fresh-pipeline-to-egypt-88937\/\">could produce<\/a> 300k tons of hydrogen annually, and H2 is also eyeing a USD 1.4 bn waste-to-hydrogen facility in Oman.<\/p>\n<p><strong>WORTH READING- A recap to ease our eco-anxiety:<\/strong> <a href=\"https:\/\/www.euronews.com\/green\/2022\/11\/24\/here-are-all-the-positive-environmental-stories-from-2022-so-far\">Euronews<\/a> compiled an exhaustive list of positive climate-related events and news in 2022 to comfort us when \u201cclimate doom\u201d sets in. A couple of highlights? New <a href=\"https:\/\/www.cell.com\/trends\/plant-science\/fulltext\/S1360-1385(22)00266-7\">research<\/a> suggests that plants can teach their offspring how to be more climate resilient by reading their DNA sequence differently and a rare bird \u2014 the black-naped pheasant pigeon \u2014 thought to be extinct for 140 years popped back up in Papua New Guinea.<\/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\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/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 href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>THE DANGER ZONE-<\/strong><strong> Will searing heat irrevocably change our ability to undertake <\/strong><strong>massive construction projects in MENA?<\/strong> The days of large-scale construction in the Gulf may be numbered due to climate change-driven extreme heat, <a href=\"https:\/\/time.com\/6236459\/climate-risks-construction-qatar-world-cup\/\">Time Magazine<\/a> wrote last week. Gulf countries are poised to see up to 250 \u201cdangerous heat\u201d days a year by 2050, while severe heat stress will also be endemic within parts of Africa and South Asia by 2100, according to <a href=\"https:\/\/www.nature.com\/articles\/s43247-022-00524-4\/\">a recent study<\/a> cited by Time. Though countries like Qatar are investing in tech to reduce the heat danger to outdoor construction workers \u2014 including clothing that can keep them cool \u2014 construction as we know it could be impossible to sustain under these conditions, the magazine notes.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CLIMATE DIPLOMACY- Pakistan is open for investment: <\/strong>Pakistan is stumping for investment to advance its 10 GW solar power scheme and slash its USD 27 bn energy import bills, Prime Minister Shehbaz Sharif said, according to <a href=\"https:\/\/www.nation.com.pk\/26-Nov-2022\/pm-shehbaz-asks-turkish-investors-to-expand-footprint-in-renewable-energy\">the Nation<\/a>. The country is working on creating a cooperative environment to facilitate investments with less bureaucratic obstacles, Sharif said, name-checking Turkey \u2014 which signed a USD 5 bn MoU with the country to expand bilateral trade by 2025 \u2014 but also Qatar, Saudi Arabia, and the UAE as potential investors.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Oman will host a two-day <\/strong><strong><a href=\"https:\/\/greenhydrogensummitoman.com\/\">green hydrogen summit<\/a><\/strong> next Monday, 5 December at Oman\u2019s Convention and Exhibition Center in Muscat. The summit will discuss all aspects of the hydrogen value chain including production, transportation, and storage challenges.<\/p>\n<p><strong>UAE will host<\/strong> <strong><a href=\"https:\/\/www.thebig5.ae\/global-construction-impact-summit\/\">the Big 5 global construction impact summit<\/a><\/strong> on Wednesday, 7 December at the Dubai World Trade Center, bringing more than 2k exhibitors from 60 countries, as well as regional and global construction industry leaders together to discuss ways to meet local and global net zero and waste reduction targets.<\/p>\n<p><strong>FURTHER DOWN THE LINE- Dubai will host the <\/strong><strong><a href=\"https:\/\/www.eiis.it\/courses\/food-sustainability-the-middle-east-challenge\">food and sustainability Middle East<\/a><\/strong><strong><a href=\"https:\/\/www.eiis.it\/courses\/food-sustainability-the-middle-east-challenge\">challenge<\/a><\/strong><strong> on 2 March, 2023. <\/strong>The Rome-based <a href=\"https:\/\/www.eiis.it\">European Institute of Innovation for Sustainability<\/a> is partnering with <a href=\"https:\/\/unitedarabemirates.un.org\/en\/sdgs\">SDG Global<\/a> to bring a six-month long, online interactive course to align the region\u2019s food industry with ESG sustainability and development targets. You can register interest in the for-pay course <a href=\"https:\/\/forms.monday.com\/forms\/64a49d22f0d0827dd7d14e0cc340210f?r=use1\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, ladies and gents, and welcome to a relatively slow start to the workweek as everyone\u2019s attention seems to be devoted to the World Cup. THE BIG CLIMATE STORY- UAE\u2019s Amea Power is adding 20 MW of capacity to its solar project in Togo to reach 70 MW. After the completion of the expansion, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74981,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44],"tags":[57,40,11,227,39,45,92,566,163,88,159,191,52,387,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-climate-change","tag-egypt","tag-enterpriseclimate","tag-green-economy","tag-green-hydrogen","tag-morocco","tag-oman","tag-pakistan","tag-qatar","tag-renewables","tag-saudi-arabia","tag-turkey","tag-uae","tag-waste-to-energy","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"da10183b-5913-4454-9520-65e8aebd58ba","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/12\/322.jpg","photo_position":"above","related_issue":[74978],"teaser":"","voice_url":""},"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>TODAY: UAE\u2019s Amea Power spends USD 25 mn on solar expansion + A first look at Climate X speakers list - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/11\/28\/today-uaes-amea-power-spends-usd-25-mn-on-solar-expansion-a-first-look-at-climate-x-speakers-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: UAE\u2019s Amea Power spends USD 25 mn on solar expansion + A first look at Climate X speakers list\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gents, and welcome to a relatively slow start to the workweek as everyone\u2019s attention seems to be devoted to the World Cup. 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