{"id":84657,"date":"2024-01-03T00:00:00","date_gmt":"2024-01-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/01\/03\/today-taqa-led-consortium-tapped-to-develop-solar-powered-desalination-plant-in-ksa\/"},"modified":"2024-01-03T00:00:00","modified_gmt":"2024-01-03T00:00:00","slug":"today-taqa-led-consortium-tapped-to-develop-solar-powered-desalination-plant-in-ksa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/01\/03\/today-taqa-led-consortium-tapped-to-develop-solar-powered-desalination-plant-in-ksa\/","title":{"rendered":"TODAY: Taqa-led consortium tapped to develop solar-powered desalination plant in KSA"},"content":{"rendered":"

Good morning, friends. <\/strong>It\u2019s quiet on the climate industry front as people slowly head back into the office this week but we have some news from across the region trickling in.<\/p>\n

THE BIG CLIMATE STORY- <\/strong>The Saudi Water Partnership Company has tapped a regional consortium led by Abu Dhabi\u2019s National Energy Company Taqa to develop the SAR 1.5 bn Juranah Independent Strategic Water Reservoir Project under a build, own, operate, transfer agreement.<\/p>\n

^^ We have the details on this story and more in the news well, below.<\/p>\n

<\/a>THE BIG CLIMATE STORY OUTSIDE THE REGION- BYD steals Tesla\u2019s crown:<\/strong> Chinese automaker BYD saw a significant surge in 4Q sales allowing it to boot EV giant Tesla from the top spot on industry leaderboards for the first time. BYD sold a record 526k vehicles in 4Q alone, with sales rising 70% in December. Meanwhile, Tesla delivered 484k in 4Q \u2014 more than the 473k vehicles expected by analysts \u2014 but it still wasn\u2019t enough for Elon Musk\u2019s company to keep leading the EV pack. <\/p>\n

Not everyone is rooting for China:<\/strong> The US imposed new EV battery sourcing rules on Monday in a bid to move the country\u2019s EV supply chain away from China, Reuters<\/a> reports. Only 19 EV models now qualify for EV tax credits, down from 43. Vehicles including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla Model 3s and Chevrolet Blazer EV lost eligibility for tax credits worth up to USD 7.5k. <\/p>\n

The story grabbed wide coverage in the international press:<\/strong> Reuters<\/a> | AP News<\/a> | | The Financial Times<\/a> | Bloomberg<\/a> | The Wall Street Journal<\/a> | The New York Times<\/a> | The Washington Post<\/a> | BBC<\/a> | The<\/a>Guardian<\/a> | CNN<\/a> | CNBC<\/a> <\/p>\n

<\/a> <\/p>\n

\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1- Kuwait opens tender for Shagaya 3 power plant: <\/strong>The Kuwait<\/a>Authority for Partnership Projects<\/a> opened a tender for the design and construction of the 1.1 GW Shagaya 3 solar power plant, Kuwaiti news outlet Alanba<\/a> reports. The contract will cover design, funding, construction, operation, and maintenance services for the project, which will sell generated electricity to the Kuwaiti Electricity, Water, and Renewable Energy Ministry under a 30-year power purchase agreement. The project will span 84 sqm roughly 100 km west of Kuwait City, and will comprise multiple renewable technologies and grid infrastructure, according to Zawya<\/a>.<\/p>\n

<\/a>#2- Progress on <\/strong>Iraq<\/strong>\u2019s first waste-to-energy project: <\/strong>Baghdad\u2019s public works authority Amanat Baghdad<\/a> approved recommendations by the country\u2019s National Investment Commission and Electricity and Environment Ministries to build the country\u2019s first waste-to-energy<\/a> (WtE) generation plant in the Iraqi capital, the Iraqi News Agency<\/a> reports. The government has not yet set a targeted generation capacity for the project, but notes it has potential to generate 1 MW of clean power from just 40 tons of biowaste. Baghdad currently produces around 9.5k tons<\/a> of waste daily, and the NIC began inviting potential investments to the WtE project in Rusafa back in October. <\/p>\n

Next steps: <\/strong>The cabinet says it will move forward with studies on the project in 1Q, including on marketing ramp up strategies in a bid to attract qualified global developers. Iraq has said it plans<\/a> to invite more companies to set up clean energy projects in efforts to expand its low-carbon power capacity to a third of its energy mix by 2030.<\/p>\n

<\/a>#3- KSA's PIF was 2023's biggest state-owned investor:<\/strong> Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) was 2023\u2019s biggest spender among global state-owned investors with total investments in green assets reaching USD 26.1 bn<\/a> \u2014 up from USD 18.7 bn in 2022, Reuters<\/a> reports, citing a report by Global SWF. The PIF invested a total of USD 31.5 bn in various sectors, including sports, gaming, aviation, and steelmaking as part of its plan to diversify Saudi Arabia's economy. PIF and other sovereign wealth funds also increased their spending on the energy transition, including on green technologies such as renewable energy, hydrogen, and electric vehicles. <\/p>\n

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CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

Qatar will host The <\/strong>International Conference on Smart Grid and Renewable Energy<\/a><\/strong> is <\/strong>kicking off Tuesday<\/strong>, 9 January through to Friday, 12 January in Doha. The conference will explore smart grid and renewable energy resources and related technologies. Look for discussion of power electronics, controls, manufacturing, communications, and computational intelligence.<\/p>\n

Saudi Arabia will host the <\/strong>Future Minerals Forum<\/a><\/strong> from Tuesday, 9 January<\/strong> through to Thursday, 11 January in Riyadh. The event will focus on resource-rich regions of Africa, Western Asia, and Central Asia and will include a ministerial roundtable with over 60 countries being represented. A parallel exhibition will have some 150 exhibitors and industry sponsors on site. <\/p>\n

The UAE will host the <\/strong>Management and Sustainability of Water Resources<\/a><\/strong> Conference <\/strong>from Monday, 26 February to Wednesday 28 February<\/strong> in Dubai. Water availability in arid and semiarid regions, global water issues, and future water and environmental challenges are all on the agenda.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"

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