{"id":77787,"date":"2023-06-05T01:00:10","date_gmt":"2023-06-05T01:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/today-acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant-uae-may-be-getting-a-new-ev-assembly-line\/"},"modified":"2023-06-05T01:00:10","modified_gmt":"2023-06-05T01:00:10","slug":"today-acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant-uae-may-be-getting-a-new-ev-assembly-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/today-acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant-uae-may-be-getting-a-new-ev-assembly-line\/","title":{"rendered":"TODAY: Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant + UAE may be getting a new EV assembly line"},"content":{"rendered":"<p><strong>Good morning, wonderful people. <\/strong>It\u2019s another busy start to the week in the region with plenty of climate updates to dive into.<\/p>\n<p><strong>THE BIG CLIMATE STORY-<\/strong> Saudi renewables giant Acwa Power, Gulf Investment Corporation, and Al Bawani Water and Power Company inaugurated the Jubail 3A solar-powered independent water desalination plant. Over in the UAE, Canadian EV company AXL is eying the possibility of establishing an assembly line with a 50k production capacity either in Dubai or Abu Dhabi.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on these stories and much more in the news well, below.<\/strong><\/p>\n<p><strong>HAPPENING TODAY- The <\/strong><strong><a href=\"https:\/\/www.arado.org\/News\/Details?Id=12776\">Sustainability and Governmental Action Forum<\/a><\/strong><strong> will kick off in<\/strong><strong> Cairo today<\/strong>, bringing together global leaders and experts to discuss improving sustainability in government work through private-public partnerships]. The event is hosted by the Arab League\u2019s <a href=\"https:\/\/www.arado.org\/\">Arab Administrative Development Organization<\/a> and will culminate with the publication of the \u201cSustainability and Government Work: The State of Arab Governments\u201d report prepared in cooperation with the UAE.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>THE BIG CLIMATE STORY OUTSIDE THE REGION-<\/strong> <strong>Will we see a first <\/strong><strong>draft of a plastics treaty in November? <\/strong>Around 170 countries agreed on Friday to outline a first draft for a plastics treaty in November, bringing the world one step closer to the first global treaty to limit plastic pollution. The nations agreed during UN treaty talks in Paris last week to prepare a \u201czero draft\u201d text of what could possibly be a legally binding treaty by the start of the next round of talks in Kenya\u2019s Nairobi in November. The agreement comes after the five-day negotiations got off to a poor start due to arguments between delegations on procedural issues. Saudi Arabia, Russia, and China objected to having treaty decisions adopted by majority vote rather than a consensus, which would allow one or a few states to block adoption.<\/p>\n<p><strong>REMEMBER-<\/strong> The UN Environment Program outlined a plan to reduce the world\u2019s plastic waste levels by nearly 80% in less than two decades <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/83a916e9-100e-4119-858c-5ebb739a5056\">in May<\/a>. The report \u2014 released two weeks before the talks in Paris \u2014 champions policy shifts geared toward keeping produced goods in circulation for as long as possible under \u201creuse, recycling, and alternative materials\u201d strategies.<\/p>\n<p><strong>The story made headlines over the weekend in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/environment\/after-rough-start-un-plastic-treaty-talks-end-with-mandate-first-draft-2023-06-02\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/plastic-pollution-treaty-un-paris-talks-c9728d632bdcf505f40224bedf07a8e1\">The Associated Press<\/a> | <a href=\"https:\/\/www.barrons.com\/news\/un-aims-to-deliver-draft-plastics-treaty-by-year-s-end-f88deb08\">AFP<\/a> | <a href=\"https:\/\/www.ft.com\/content\/f9959759-1167-4d0a-a065-be04d074abfd\">Financial Times<\/a> | <a href=\"https:\/\/edition.cnn.com\/videos\/world\/2023\/06\/03\/exp-plastics-summit-david-azoulay-intv-fst-060303aseg1-cnni-world.cnn\">CNN<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things.<\/strong> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.<\/p>\n<p><strong>We have tons more in the pipeline \u2014 come help us build new publications.<\/strong> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.<\/p>\n<p><strong>Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.<\/strong><\/p>\n<p><strong>That said, we're looking for gifted story-tellers from all walks of life and across all professions<\/strong>, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/p>\n<p><strong>NEVER WORKED IN A NEWSROOM BEFORE?<\/strong> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/p>\n<p><strong>During the program you will learn:<\/strong><\/p>\n<ul>\n<li>The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;<\/li>\n<li>Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;<\/li>\n<li>How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;<\/li>\n<li>How to develop sources that will give you the key insights needed to tell a complete story;<\/li>\n<li>How to communicate these stories with the confidence and language of an insider.<\/li>\n<\/ul>\n<p><strong>Not an internship program \u2014 a career:<\/strong> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/p>\n<p><strong>Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/strong> in your subject line.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>SOUNDBITE OF THE WEEK-<\/strong> \u201cWe are at a critical moment in the arc of humanity and the planet. The World Bank Group is being asked to lead the way, to double down on development and climate efforts and to deliver even more impact and results,\u201d the World Bank's new president Ajay Banga said in statements to staff picked up by <a href=\"https:\/\/www.reuters.com\/world\/world-banks-new-chief-asks-staff-double-down-development-climate-efforts-2023-06-02\/\">Reuters<\/a> on Friday. In a memo seen by the newswire, Banga asked the World Bank\u2019s 16k employees to \u201cdouble down\u201d on development and climate efforts, stressing the responsibility \u201cto create a world [devoid of] poverty on a livable planet.\u201d He asked the staff to \u201cmaximize resources and write a new playbook\u2026 take informed risks and forge new partnerships with civil society and multilateral institutions.\u201d Banga also asked that the bank cut lengthy approval times for financing projects in a bid to raise efficiency. \u201cThe process is overly elaborate and subject to multiple review mechanisms that not only cost valuable years but erode staff ambition,\u201d he said, adding that the lengthy process augments a \u201ctrust deficit\u201d among developing nations.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> WATCH THIS SPACE #1- UAE to build EV charging factory in Abu Dhabi: <\/strong>The UAE\u2019s Industry and Advanced Technology Ministry signed a letter of intent with EV solutions firm Shahin to establish an EV charging station factory in Abu Dhabi, <a href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2023\/06\/01\/moiat-partners-with-new-manufacturer-to-develop-ev-charging-station-factory-in-uae\/\">The National<\/a> reported on Thursday. Shahin \u2014 a subsidiary of Dubai-based <a href=\"https:\/\/nevholding.com\/\">NEV Enterprise<\/a> that is currently being established in Abu Dhabi \u2014 aims to fulfill 40% of the country\u2019s direct current charging demands by 2030. The timeline and financials of the project have not been disclosed. The UAE EV market, which is expected to <a href=\"https:\/\/wam.ae\/en\/details\/1395303164094\">grow 27%<\/a> by 2029, currently makes up a little <a href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/05\/29\/electric-vehicles-make-up-more-than-1-of-uae-car-market-energy-minister-says\/\">over 1%<\/a> of the country\u2019s total automotive market. The government has increased the number of EV charging stations in the country by 60% over the last three years to reach 800 charging points, the news outlet quotes UAE Energy and Infrastructure Minister Suhail Al Mazrouei as saying.<\/p>\n<p><strong>WATCH THIS SPACE #2- The Kuwait Oil Company (KOC) will likely award a <\/strong><strong>construction contract for a wind energy project by 3Q 2023<\/strong>, <a href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/kuwaits-koc-likely-to-award-pilot-wind-energy-project-in-q3-cixc10i0\">Zawya<\/a> reported on Friday, citing a source it says has knowledge of the matter. The bid submissions deadline has been extended twice and is now set for 12 June, with the KOC expected to award the contract by early September 2023. The project\u2019s financials have not been disclosed. Back in March, KOC <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0c40335a-2f27-47cb-afef-7cae311f5742\">sent out<\/a> requests for proposals to five companies for the installation of the wind turbine at its Ratqa oil field. The generational capacity will range between 3.4 and 3.6 MW, it noted. Bidders included Elecnor, Vestas Mediterranean, Vensys Energy AG, Power Construction Corporation, and Eno Energy.<\/p>\n<p><strong>WATCH THIS SPACE #3- <\/strong><strong>Global airlines group explores contrail reduction: <\/strong>Global airlines are setting up a task force to limit the creation of contrails \u2014 the ice-particle-filled white lines visible behind airplanes \u2014 in a bid to rein in its contribution to global warming, <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/global-airlines-group-boost-focus-non-co2-emissions-2023-05-31\/\">Reuters<\/a> reports. The move comes as the <a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2023\/\">Annual General Meeting & World Air Transport Summit 2023<\/a> convenes in Istanbul this week and concludes tomorrow. The International Air Transport Association \u2014 representing some 300 major airlines \u2014 is hosting the summit, which includes a discussion on the warming effect of contrails for the first time.<\/p>\n<p><strong>Etihad Airways was ahead of the game:<\/strong> The UAE carrier inked a future carbon credits from contrail management agreement with green aviation firm Satavia back <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe816882-70d1-498c-9017-d4c20fe76a56\">in January<\/a> to produce future carbon credits by managing contrail activity.<\/p>\n<p><strong>The jury is out on contrails: <\/strong>While contrails don\u2019t emit CO2, they can trap radiation and reflect it back down to earth, according to the newswire. \u201cThe annual warming effects of contrails could be two times larger than the cumulative effects from CO2 [emissions from flights],\u201d Imperial College London researcher Roger Teoh told Reuters. Other scientists don\u2019t believe the research behind the impact of contrails is robust enough, the newswire notes.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #4- Clean tech requirements by the EU? <\/strong>EU member states are considering enforcing requirements that at least half of the critical minerals needed by the bloc be processed domestically, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-31\/eu-eyes-raising-key-raw-materials-targets-for-clean-tech\">Bloomberg<\/a> reported last week, citing a document it has seen. An updated proposal by Sweden \u2014 which holds the bloc\u2019s rotating presidency \u2014 would see the requirement raised 10 percentage points from the 40% initially placed by the European Commission. Under the proposal, member states would be granted flexibility on the timeline for giving out permits for strategic projects in critical raw materials. A 10% target for domestic extractions would remain unchanged, while a recycling capacity target would rise to 20% from a previous 15%. The move comes as the EU tries to shore up critical minerals for clean technologies amid fierce competition with the US and China in low-carbon manufacturing.<\/p>\n<p><strong>WATCH THIS SPACE #5- More funding on the way for Tunisia\u2019s EV infrastructure:<\/strong> The Global Environment Fund is providing Tunisia with USD 13 mn to increase the country\u2019s EV charging points to 500 by 2025, <a href=\"https:\/\/www.alhurra.com\/tunisia\/2023\/05\/31\/%D8%AA%D9%88%D9%86%D8%B3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%B7%D9%85%D9%88%D8%AD-%D9%84%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A%D8%A9\">Al Hurra<\/a> reported last week. It is unclear whether the funding is a loan or a grant. The project will be overseen by a national committee formed by Tunisia\u2019s National Agency for Energy Control and the Environment Ministry to oversee the country\u2019s sustainable mobility strategy, which aims to increase the number of EVs in Tunisia to 5k by 2025. The new committee \u2014 which will provide grants up to USD 3k for each EV purchased \u2014 will also be tasked with amending existing regulations to accommodate for the transition to electric vehicles.<\/p>\n<p><strong>DATA POINT- Global renewable power capacity to rise by a third this year:<\/strong> Global renewable capacity is expected to surge by 107 GW \u2014 the largest absolute increase in a year so far \u2014 to reach more than 440 GW in 2023, according to the International Energy Agency\u2019s <a href=\"https:\/\/ent.news\/2023\/6\/1347.pdf\">Renewable Energy Market Update (pdf)<\/a> released last week. The market update, which outlines the 2023 and 2024 global outlook, said that in 2024 total global renewable electricity capacity will see an even sharper rise to reach 4.5 TW, equivalent to the combined power output of China and the US. China will account for some 55% of global additions of renewable power capacity in both 2023 and 2024, the IEA calculated.<\/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>***<br \/>\n <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 by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/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.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Saudi Arabia will host the <\/strong><strong><a href=\"https:\/\/www.arabchinaconference.com\/en\/\">Arab-Chinese Business Conference<\/a><\/strong><strong> next Sunday, 11 June <\/strong><strong>and Monday, 12 June<\/strong> in Riyadh. The conference will bring together CEOs, business leaders, investors, and entrepreneurs from the Middle East and China to collaborate on new trade and investment initiatives in different sectors, including renewables and minerals. A panel discussion titled Clean Energy and Renewables \u2013 Pathways to Emissions Reduction is scheduled on the first day, according to the <a href=\"https:\/\/ent.news\/2023\/5\/1942.pdf\">program (pdf)<\/a>. The second day will focus on the localization of renewable energy and on value chain opportunities in mining.<\/p>\n<p><strong>The UAE will host <\/strong><strong><a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a><\/strong><strong> on Tuesday, 13 June to Wednesday, 14 June<\/strong> in Dubai. The two-day summit will bring together industry players and experts for conversations on climate change and sustainability and solutions for concurrent climate-related issues in the region. Key themes to be addressed during the summit include industry decarbonization, renewable and clean energy potential and implementation, sustainable building and construction and others.<\/p>\n<p><strong>Morocco will host the <\/strong><strong><a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa<\/a><\/strong><strong>on Tuesday, 13 June to <\/strong><strong>Wednesday, 14 June<\/strong> in Marrakech. The event will bring together stakeholders from the private and public sector to discuss the world\u2019s most pressing topics and assess potential solutions. Those include the impact of a decelerating global economy, spiking food and energy prices, supply-chain shocks and risks of distress among sovereign borrowers.<\/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 and news triggers.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people. It\u2019s another busy start to the week in the region with plenty of climate updates to dive into. THE BIG CLIMATE STORY- Saudi renewables giant Acwa Power, Gulf Investment Corporation, and Al Bawani Water and Power Company inaugurated the Jubail 3A solar-powered independent water desalination plant. Over in the UAE, Canadian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77788,"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":[267,155,11,64,164,108,88,294,52,56,43,161],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-emissions","tag-enterpriseclimate","tag-evs","tag-green-finance","tag-kuwait","tag-renewables","tag-tunisia","tag-uae","tag-un","tag-what-were-tracking-today","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"022ba699-4b75-446d-9964-d203566bb375","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/5\/1819.jpg","photo_position":"above","related_issue":[77785],"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: Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant + UAE may be getting a new EV assembly line - 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\/2023\/06\/05\/today-acwa-power-inaugurates-ksas-first-large-scale-solar-powered-desalination-plant-uae-may-be-getting-a-new-ev-assembly-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Acwa Power inaugurates KSA\u2019s first large-scale solar-powered desalination plant + UAE may be getting a new EV assembly line\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. It\u2019s another busy start to the week in the region with plenty of climate updates to dive into. THE BIG CLIMATE STORY- Saudi renewables giant Acwa Power, Gulf Investment Corporation, and Al Bawani Water and Power Company inaugurated the Jubail 3A solar-powered independent water desalination plant. 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