{"id":579581,"date":"2022-11-08T13:21:29","date_gmt":"2022-11-08T13:21:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/this-evening-a-new-10-gw-wind-farm-scatec-oc-fertiglobe-launch-100-mw-green-hydrogen-plant-at-cop\/"},"modified":"2022-11-08T13:21:29","modified_gmt":"2022-11-08T13:21:29","slug":"this-evening-a-new-10-gw-wind-farm-scatec-oc-fertiglobe-launch-100-mw-green-hydrogen-plant-at-cop","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/this-evening-a-new-10-gw-wind-farm-scatec-oc-fertiglobe-launch-100-mw-green-hydrogen-plant-at-cop\/","title":{"rendered":"THIS EVENING: A new 10 GW wind farm + Scatec, OC, Fertiglobe launch 100 MW green hydrogen plant at COP"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people.<\/strong> It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>There\u2019s a whole lot of renewable and green energy news coming out of COP27:<\/strong><\/p>\n<ul>\n<li><strong>Another 10 GW wind farm:<\/strong> The UAE\u2019s <a href=\"https:\/\/masdar.ae\/\">Masdar<\/a>, along with Infinity Power \u2014 its <a href=\"https:\/\/www.weareiph.com\/\">JV<\/a> with local renewables player Infinity \u2014 and Hassan Allam Utilities, signed an agreement on COP\u2019s sidelines to build a 10 GW wind farm in Egypt, set to be one of the largest in the world, UAE state news agency <a href=\"http:\/\/wam.ae\/en\/details\/1395303099449\">WAM<\/a> reported.<\/li>\n<li><strong>Scatec-OC-Fertiglobe plant launched:<\/strong> Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction began commissioning today their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\">100 MW green hydrogen plant<\/a> in Ain Sokhna, which is set to be <a href=\"https:\/\/www.rechargenews.com\/energy-transition\/worlds-largest-green-hydrogen-project-with-100mw-electrolyser-set-to-be-built-in-egypt\/2-1-1104709\">the world\u2019s largest<\/a>, according to <a href=\"https:\/\/ent.news\/2022\/11\/Fertiglobe-Scatec-Orascom-Construction-and-The-Sovereign-Fund-of-Egypt-start-commissioning-of-Egypt-Green-Africas-first-integrated-green-hydrogen-plant-during-UN-Climate-summit-1.pdf\">a statement (pdf)<\/a>.<\/li>\n<li><strong>Waste-to-hydrogen feedstock:<\/strong> H2 Industries <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/cop-27-h2-industries-and-green-planet-sign-landmark-waste-to-hydrogen-feedstock-deal-kqiibcsy\">signed an MoU<\/a> with Egyptian waste management company Green Planet for Sustainable Environmental Solutions to provide waste for H2\u2019s planned USD 3 bn waste-to-hydrogen plant in East Port Said.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s another afternoon of the US midterm elections and COP27 battling it out for coverage<\/strong><strong> in the international business press<\/strong>, although the elections are currently getting more prominence, with the story on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/8bff8d07-ab26-416b-93ad-cc64f0fccaab\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/livecoverage\/election-midterms-2022\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/us\/control-congress-bidens-power-ballot-us-midterms-2022-11-08\/\">Reuters<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2022\/11\/08\/midterm-elections-2022-live-updates.html\">CNBC<\/a>. The one outlier: <a href=\"https:\/\/www.cnbc.com\/2022\/11\/08\/midterm-elections-2022-live-updates.html\">Bloomberg<\/a>, where the top story is Kuwait\u2019s target to make its oil and gas operations carbon-neutral by 2050.<\/p>\n<p><strong>HAPPENING NOW- National statements from heads of state are currently ongoing at<\/strong><strong> COP27<\/strong>, at the same time as closed meetings between different groups and observer organizations. You can check out the day\u2019s <a href=\"https:\/\/ent.news\/2022\/11\/Daily_Programme_Sharm-el-Sheikh2022-OD-20221107-en.pdf\">agenda here (pdf)<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>The Enterprise Climate X Forum, our first industry-specific conference, is taking place on <\/strong><strong>Tuesday, 6 December. <\/strong>It\u2019s a C-suite event for CEOs and top execs, investors, bankers and development finance folks.<\/p>\n<p>In panels, live interviews and networking sessions, <strong>the Enterprise Climate X Forum will give insiders and newcomers alike the chance to talk about how to build a climate-centered business <\/strong>\u2014 and how to make sure your business continues to have access to the funds it needs to grow. Expect it to be <strong>heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/strong><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>The Enterprise Climate X Forum is taking place with the generous support of our friends, including:<\/p>\n<ul>\n<li><strong>Banking partners: <\/strong>HSBC | Mashreq | Attijariwafa Bank<\/li>\n<li><strong>Telecom partner:<\/strong> Etisalat by e&<\/li>\n<li><strong>Event partners:<\/strong> Hassan Allam Utilities | Infinity<\/li>\n<\/ul>\n<p><strong>DO YOU WANT TO ATTEND? The first wave of invites is going out today. <\/strong>If you\u2019re a C-suite exec, business owner, climate professional, DFI staff, investor or banker, please email us at <a href=\"mailto:climatexrsvp@enterprisemea.com\">climatexrsvp@enterprisemea.com<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<p><strong>You\u2019re going to love the venue when we unveil it next week.<\/strong><\/p>\n<p><strong>Want to reach our audience? <\/strong>Ping a note to Moustafa Taalab, our head of commercial, <a href=\"mailto:mtaalab@inktankir.com\">here<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>COP27 got underway yesterday, with more pressing calls to action to prevent \u201cclimate catastrophe\u201d:<\/strong> World leaders <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec0b3b8c-0bab-42a8-bdba-99d0c7d4e79a\">struck a serious<\/a> and somber note with warnings of \u201cirreversible\u201d climate chaos and calls for cooperation and shared responsibility on the first day of the COP27 leaders\u2019 summit yesterday.<\/li>\n<li><strong>Bidayat invests in Azza Fahmy Jewelry:<\/strong> Mediterranean-focused investment fund <a href=\"https:\/\/bidayat.com\/\">Bidayat<\/a> has acquired an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03b97c3e-5c66-4f30-b023-4c0b142ab125\">undisclosed minority stake<\/a> in artisanal jewelry company Azza Fahmy.<\/li>\n<li><strong>More Gulf M&A:<\/strong> Separate firms in Saudi Arabia and Abu Dhabi look like they <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e00ca2f4-29f5-4553-bfe1-5ddf96cf7380\">could enter a<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e00ca2f4-29f5-4553-bfe1-5ddf96cf7380\">bidding war<\/a> for a Maridive Oil and Service subsidiary, and Gulf investors including sovereign wealth funds have upped their minority stakes in EGX-listed education outfit CIRA Education.<\/li>\n<\/ul>\n<p><strong>ALSO- <\/strong><strong>Enterprise Climate launched our <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d34e43ce-ec5e-4c25-a11f-0a9d80d7bebe\">Climate CEO Poll<\/a><\/strong><strong> this morning. Today\u2019s guest: Mohamed <\/strong><strong>Saad<\/strong>, regional chief of <strong>Signify<\/strong>. We\u2019ll be running C-suite interviews on climate throughout COP27 (and probably for a few days beyond) in both Enterprise Climate and EnterpriseAM.<\/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=\"egypt\/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><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>The Finance Ministry is hosting \u201c<\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid029A7ytdAhcMYQsLo8xQ6Ne5FuvWWDty9yYj66v4LMifKZ611tqzps8jkcw4P7fLMhl\">Finance Day<\/a><\/strong><strong>\u201d at COP27<\/strong> with the finance ministers of several countries, with an eye to reaching facilitated and sustainable climate finance agreements for developing and African countries.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Global golf is coming to Egypt:<\/strong> The Asian Tour\u2019s International Series is making a stop in Egypt this Thursday, 10 November, through Sunday, 13 November. The first International Series Egypt will take place at Madinaty Golf Club, with a generous purse of USD 1.5 mn on offer.<\/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>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Temperatures in Cairo will hit 25\u00b0C tomorrow during the day before falling to 16\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day. THE BIG STORY TODAY There\u2019s a whole lot of renewable and green energy news coming out of COP27: Another 10 GW wind farm: The UAE\u2019s Masdar, along with Infinity Power \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7213],"tags":[228,633,254,151,6357,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579581","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-cop27","tag-enterprisepm","tag-green-hydrogen","tag-renewables","tag-us-midterm-elections","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"35f79ea0-0c98-4e26-864d-8237aebb4616","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[579579],"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>THIS EVENING: A new 10 GW wind farm + Scatec, OC, Fertiglobe launch 100 MW green hydrogen plant at COP - EnterpriseAM Egypt<\/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\/egypt\/2022\/11\/08\/this-evening-a-new-10-gw-wind-farm-scatec-oc-fertiglobe-launch-100-mw-green-hydrogen-plant-at-cop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: A new 10 GW wind farm + Scatec, OC, Fertiglobe launch 100 MW green hydrogen plant at COP\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day. 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It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day. 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PLUS: Scatec, two int\u2019l consortia set the wheels in motion on renewables projects.","author":"enterpriseam admin","date":"16 September 2024","format":false,"excerpt":"AMEA will develop a 1 GW solar power plant with 600 MWh battery storage system in Benban \u2014 expected to be Africa\u2019s largest","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577202,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/masdar-infinity-hassan-allam-consortium-could-ink-agreements-on-10-gw-wind-farm-by-years-end\/","url_meta":{"origin":579581,"position":2},"title":"Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year\u2019s end","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"Like the wind: Final contracts for the 10 GW Masdar-Infinity-Hassan Allam windfarm announced last week at COP27 could be signed before the end of the year, Hesham El Gamal, general manager at Infinity, told Bloomberg Asharq.The timeline: The consortium aims to complete studies and reach financial close within 18 months\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577210,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/the-enterprise-climate-ceo-poll-orascom-constructions-osama-bishai\/","url_meta":{"origin":579581,"position":3},"title":"The Enterprise Climate CEO Poll: Orascom Construction\u2019s Osama Bishai","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"Enterprise Climate CEO Poll- Osama Bishai, Orascom Construction: As COP27 rolls on, so does the inaugural Climate CEO Poll from Enterprise Climate and EnterpriseAM. In this series of interviews, we discuss key issues with top CEOs including climate finance, regulation, and the move towards a green economy.Osama Bishai (LinkedIn) is\u2026","rel":"","context":"In &quot;CLIMATE CEO POLL&quot;","block_context":{"text":"CLIMATE CEO POLL","link":"https:\/\/enterpriseam.com\/egypt\/category\/climate-ceo-poll\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/218.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555754,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/oc-joins-ain-sokhna-green-hydrogen-project\/","url_meta":{"origin":579581,"position":4},"title":"OC joins Ain Sokhna green hydrogen project","author":"enterpriseam admin","date":"25 November 2021","format":false,"excerpt":"OC joins in on our first-ever green hydrogen facility: Orascom Construction is joining a developer consortium of Norway\u2019s Scatec, Nassif Sawiris-backed Fertiglobe, and the Sovereign Fund of Egypt to build the 100 MW green hydrogen plant in Ain Sokhna, the company said in a statement (pdf). The construction giant will\u2026","rel":"","context":"In &quot;Green economy&quot;","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/597.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549067,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/anything-for-our-first-green-hydrogen-plant\/","url_meta":{"origin":579581,"position":5},"title":"Anything for our first green hydrogen plant","author":"enterpriseam admin","date":"1 September 2022","format":false,"excerpt":"Cabinet assigned land plots for the solar and wind plants that will power the country\u2019s first green hydrogen plant in its weekly meeting on Wednesday, according to a statement. 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