ESG Middle East Insights

🌟 #Oman is on track to meet its #renewableenergy goals by 2030 and 2040! Currently relying on #naturalgas for power generation, the country is now delving into a strategic study 📊 to determine the best energy mix for the next 15 years, including exploring #energy storage options alongside exciting #solar and #wind projects in progress. Here's what you need to know: 🔍 Nama Power and Water Procurement Company (PWP), Oman's sole buyer of output from power and water, is spearheading a study 📚 to optimize energy resources for the next 15 years, diving into energy storage technologies. ☀️ While Manah Solar 1 and Manah Solar II, each of 500MW of solar PV capacity to the tune of USD 800 million, are currently under construction in Al Dakhiliya Governorate, the groundwork for the procurement of a new mega solar project of 500 MW, named Ibri III Solar IPP, has been initiated as well. 🔄 The "Optimum Energy Mix and Storage Options Study" is part of Oman's grand plan for #NetZero, featuring projects to boost solar and #wind renewables, amp up energy efficiency, plan for future capacity, expand water desalination, and enhance digital services. 💨 Nama PWP has also kicked off development activities for five wind projects at Duqm, Jalaan Bani Bu Ali, Sadah, Mahoot, and Harweel. 🎙️ Ahmed Al Abri , Acting CEO of Nama PWP, highlights: “Our strategic study will model and analyze scenarios for Oman's generation mix until 2040, focusing on transitioning from today's gas-based system to a mixed system.” 👔 Abdulaziz Al Shidhani, Chairman of the Board of Directors, emphasizes the commitment to delivering reliable, efficient power and water while championing sustainable energy development. H.E. Eng Salim Al Aufi | Dr. Mansoor Talib Ali Al hinai | Eng. Ahmed Al Subhi | Hisham Al Riyami | Abdullah Alsawafi | Abdullah A.Isaii | Hamood Mohammed Al Shuaili | Juan Jose Benayas Nama Group Authority for Public Services Regulation Ministry of Energy and Minerals EDF Sembcorp Industries Ltd Jinko Power Technology Co., Ltd. Read More | ESG Middle East Insights https://lnkd.in/g4FT9Xje #RenewableEnergy #Oman2030 #NetZero #SustainableDevelopment #EnergyStorage #SolarPower #WindEnergy #WaterDesalination #DigitalTransformation #ESG #ESGdata #ESGMiddleEast

During the World Economic Forum's Special Meeting in #Riyadh, Zain KSA signed a #sustainability charter with the Ministry of Economy and Planning - MEPsaudi, reaffirming its dedication to sustainability and its role as a champion in this space. The commitment extends to supporting other companies in the #ICT sector, with a focus on #ClimateChange, Operating Responsibly, #Inclusion, and Generation #Youth. 🌱💼 Here’s what you need to know: ✅ Zain KSA has pledged to assist at least three companies within the ICT sector through knowledge transfer and #capacitybuilding programs to enhance their sustainability performance. ✅ The company's sustainability strategy seamlessly aligns with the United Nations Sustainable Development Goals and #SaudiVision2030, driving forward the Kingdom's #DigitalTransformation journey. 🌍💡 🗣️ Eng. Sultan A. AlDeghaither , CEO, Zain KSA, emphasized, “This collaboration strengthens our impact on national goals, positioning #SaudiArabia as a sustainability leader. Zain KSA was honored to lead the way in #greentechnology adoption across the Kingdom, by our launch of the world's first #zeroemission #5G network at the Red Sea underscoring our commitment to innovation and providing a practical solution to #carbonemissions in the ICT sector.” Read More | ESG Middle East Insights https://lnkd.in/dWZWBEBA Ammar Hamdan Abdulrahman AlMufadda Ahmed Refky #SustainableTech #DigitalTransformation #Innovation #GCC #Telecom #Technology #ESG #ESGdata #ESGMiddleEast

🌱 MadaynOman (Public Establishment for Industrial Estates) to establish a solar PV power plant at Knowledge Oasis Muscat (KOM), with a robust capacity of 1.4 MW. Set to go live within a year, this project, estimated at RO 500,000, aligns perfectly with Madayn's mission to promote #cleanenergy and contribute to #Oman #netzero emissions goal by 2050. Here's what you need to know: • As per the 25-year contract, SOLAR WADI Company will be responsible for installation, operation and maintenance of the plant. • Madayn is also dedicated to creating a dynamic live-work-play environment while prioritizing environmental preservation, especially in the industrial sector. • Collaborating with partners, Madayn aims to raise awareness among investors in various industrial cities, encouraging the adoption of safe, #sustainable, and innovative alternative energy sources. Read More | ESG Middle East Insights https://lnkd.in/d89-5iNZ Orhan Turk David Kennedy Mustafa Allawati Khalid Al Salehi الهيئة العامة للمناطق الاقتصادية الخاصة والمناطق الحرة - OPAZ Ministry of Energy and Minerals Environment Authority #Madayn #CleanEnergy #Sustainability

Exciting #ESG developments in #Qatar! 🌞 With a focus on #sustainability, Qatar is investing in #solarenergy and #greeninfrastructure to achieve United Nations SDGs and combat #climatechange. Here's what you need to know: 💧Investing in solar power, #WaterConservation, and #SmartCity initiatives to reduce emissions and adapt to climate change. ✨ National Vision 2030 aims for a sustainable future, with the Qatar National Development Strategy focusing on economic growth. 🔆 Al Khaarsah Project, a pioneering solar power plant completed in 2022, will eventually meet 10% of Qatar's electricity demand. 🗣️ Lindsey Malcolm, Sustainability Lead at Turner & Townsend, emphasizes Qatar's vision for sustainable development: "Its National Vision 2030 aims to transform Qatar into a country that can sustain its own development and provide a high standard of living for generations to come. Sustainability is at the heart of this vision, combining the pillars of environmental, social, and economic development." 🗣️ Patrick Pouyanné , Chairman & CEO of TotalEnergies , underscores Al Kharsaah's contribution to reducing CO2 emissions: “Al Kharsaah contributes to the #sustainability roadmap of Qatar, demonstrating once again TotalEnergies' ability to support producing countries in their #energytransition by combining #naturalgas production and solar energy to meet the growing demand for electricity. Over its lifespan, it will also enable Qatar to reduce its #CO2 emissions by 26 million metric tons.” 🌍 Read More | ESG Middle East Insights https://lnkd.in/ezvsKQPB https://lnkd.in/g4cyK3ze Marubeni Corporation QatarEnergy QEWC - Qatar Electricity and Water Company #Sustainability #RenewableEnergy #Qatar2030 #ESGdata #ESGinsights #ESGmiddleast

🌿 The #Oman Sustainable Carbon Alliance (OSCAR), is exploring #greenfuel production. They're investigating #electrofuels (e-fuels) and #sustainable #aviationfuel (e-SAF) possibilities, alongside assessing an electric #naturalgas (e-NG) facility. This move aligns with Oman's ambition to become a #greenhydrogen hub. Here’s what you need to know: 🌞 The OSCAR consortium, with global members like Dutco Group , Sumitomo Corporation, Automobili Lamborghini S.p.A., Airbus , and Oman’s OQ Alternative Energy, is spearheading the initiative. ✅ The goal is to identify viable production pathways using qualified #hydrogen and #CO2 sources. ✨ OQ Alternative Energy and Tree Energy Solutions (TES) are collaborating on an e-NG facility in Oman. Najla Al Jamali , CEO of OQ Alternative Energy: "This collaboration underscores our commitment to innovation and sustainability." Marco Alvera' , CEO OF TES : "We're enabling industrial-scale production of green hydrogen, making e-fuels accessible." H.E. Salim Al Aufi , Minister, Ministry of Energy and Minerals of Energy and Minerals Eng. Naif Ali Al-Abri , Chairman of Civil Aviation Authority - Oman Ashraf Al Mamari, Acting Group CEO of OQ Sami Kamel Stefano Rutigliano ESG Middle East Insights #SustainableEnergy #GreenFuels #Innovation #OmanEnergyTransition #ESGmiddleast #ESGdata #ESGinsights

🌍 PwC Middle East delves into #carboncredit tokenization, showcasing how businesses are embracing #sustainability practices. Fils ’ groundbreaking technology is revolutionizing the way banks process payments, automatically offsetting #carbonemissions for #ecofriendly transactions while ensuring transparency. Here's what you need to know: 🔑 Tokenisation of carbon credits empowers financial institutions to combat #climatechange effectively. 💰 Carbon credits are on track to become the "new currency" of climate action, with the market expected to hit $100 billion by 2030 as per Morgan Stanley 🚀 Fils is leading the charge in climate initiatives, seamlessly integrating with major fintechs and banks to embed sustainability into workflows such as Mashreq, Magnati and geidea. 📊 Advanced analytics provide transparent insights into corporate spending, calculating carbon emissions with precision. 💡 Tokenised carbon credits are fostering transparent and efficient markets, aligning with the goals of the Paris Agreement to drop emissions by 45% by 2030. Nameer Khan, CEO of Fils, underscores their commitment to #sustainability and global impact. Serena Sebastiani , Virtual Assets Consulting Leader at PwC Middle East, emphasizes the crucial role of partnerships in advancing #climateaction and educating financial institutions on the benefits of carbon credit tokenisation. 🌱 Read More | ESG Middle East Insights https://lnkd.in/g-dhAqzt Ahson Saeed Arshad Khan #Sustainability #ClimateAction #CarbonCredits #Fintech #Partnerships #MiddleEast #esgmiddleeast #esgdata #esgmiddleeastinsights #esginsights

🌟 #Hydrogen stands poised as the potential "fifth wave" in the #UAE's relentless pursuit of #CleanEnergy. As an alternative to fossil fuels, hydrogen offers a promising solution for sectors like #aviation and #shipping, notoriously difficult to decarbonize for the future of clean energy. Here's what you need to know: 🔹 Cost Hurdle: A major challenge is the current high cost of hydrogen production. 🔹 Replacing Fossil Fuels: Hydrogen is seen as a promising alternative to traditional fuels in sectors like aviation and shipping, which are difficult to decarbonize. 🔹 Global Collaboration: Cross-border trade could mitigate costs. Countries like the UAE and #Morocco, abundant in #solarpower, could emerge as major exporters, with #Europe as a potential importer. 🔹 Infrastructure Investment: Significant #investment is needed to develop hydrogen production and transportation infrastructure. 🔹 Future Outlook: Despite challenges, hydrogen holds immense promise for a cleaner energy future. Insights from Florian Merz, Masdar (Abu Dhabi Future Energy Company) Associate Director of Business Development: 💬 Florian identifies green hydrogen as the "fifth wave" of the #energytransition, following #LNG, gas imports, #renewables, and #nuclear. He underscores hydrogen's pivotal role in shaping the next phase of #SustainableEnergy. As the UAE charts its course towards a greener future, #hydrogen emerges as a beacon of hope, offering tangible solutions to pressing environmental challenges. Read More | ESG Middle East Insights https://lnkd.in/g3paTdZY Mohammad El-Ramahi Marc Luz, CFA Abdulla Zayed Andreas Bieringer #HydrogenFuture #CleanEnergy #Sustainability #ESGdata #ESGmiddleeast #ESGInsights #NetZero

🌿 #Oman is paving the way to become a leading #exporter of #GreenHydrogen, showcasing its ambitious strategy at the World Hydrogen Summit & Exhibition #2024.   Here's what you need to know: 🔹 Securing Investments: Hydrom has secured over $49 billion to produce 1.38 million tonnes of green hydrogen annually by 2030. 🔹 Infrastructure Development: Oman is gearing up with plans to install 40 million #solar panels, 2,000 #wind turbines, and 650 electrolyzers by 2030. 🔹 Ambitious Targets: With a focused approach, Oman targets over 1 million tons of hydrogen production by 2030, scaling up to 8 million tons by #2050.   Insights from Industry Leaders: 💬 🗣️ Mohsin Alhadhrami , Undersecretary of the Ministry of Energy and Minerals, emphasized Oman's commitment to #sustainability, aligning with global efforts. He highlighted how Oman's participation in the World Hydrogen Summit underscores its dedication to creating a sustainable energy future while preserving the environment and supporting #EconomicGrowth and global #EnergyNeeds. 🗣️ Ghalib Al Maamari, Chief of Business Development at OQ Alternative Energy, shared insights into OQ's pioneering efforts in #lowcarbon initiatives, focusing on projects like green hydrogen production through vectors such as #ammonia. He emphasized leveraging Oman's abundant #RenewableEnergy resources and world-class infrastructure, including established export terminals, to drive large-scale solar and #WindEnergy projects. These initiatives are crucial for Oman's #EnergyTransition plan and its role as a significant contributor to the global #GreenEnergy market. 🗣️ Eng. Hafsa Al Subhi, Account Manager at Hydrom, provided details on Oman's progress with green hydrogen projects, highlighting the awarding of eight large-scale projects. These projects, with a total #investment exceeding $49 billion, will contribute to the production of 1.38 million tonnes per annum of green hydrogen. She emphasized the importance of #collaboration and #innovation in realizing Oman's green hydrogen ambitions. Read More | ESG Middle East Insights https://lnkd.in/gbH9PzGX Ministry of Transport, Communications and Information Technology - Oman Tomas Walker Costa Firas Al-Abduwani Salim Al Aufi Nasser Al Rizeiqi #GreenHydrogen #Sustainability #RenewableEnergy #ESGdata #ESGMiddleEast #ESGInsights #Vision2040

🌊 ASYAD Group partners with Havkraft AS to bring #WaveEnergy to #Oman Havkraft AS, the Norwegian #waveenergy innovator behind the groundbreaking Havkraft Wave Energy Converter (H-WEC), has inked a significant deal with #Oman's ASYAD Group to delve into wave energy for #electricity generation. Signing on behalf of Asyad Group was Essam Al Sheibany, Vice President for #Sustainability, while Havkraft AS was represented by Matt Minshall, Director of Sustainability. This collaboration marks Oman's inaugural step into wave energy—a clean and reliable #renewable resource with the potential to surpass global electricity demand. Matt Minshall, Director of Sustainability at Havkraft AS, emphasizes, "Wave power has the potential to be the most #ecofriendly and cost-effective route to #NetZero," underscoring its pivotal role in fostering a diversified #energymix. Here's what you need to know: ✅ Oman's Coastal Advantage: With over 3,100 kilometers of coastline along the Arabian Sea and the #GulfofOman, Oman boasts a prime location for Havkraft's technology, harnessing waves with excellent energy potential. ✅ Sustainable Energy Mix: Integrating wave energy with existing #solar and #windpower infrastructure can forge a resilient and sustainable energy landscape for Oman, reducing reliance on costly #EnergyStorage solutions. ✅ Oman's Net-Zero Goals: Embracing wave energy positions Oman as a trailblazer in #CleanEnergy, paving the way for achieving ambitious net-zero targets by #2050. Read More💡🌍 ESG Middle East Insights https://lnkd.in/dg2tmqFr #WaveEnergy #RenewableEnergy #Sustainability #CleanEnergy #Oman2030 #NetZero2050 #ESG #ESGdata #ESGInsights #ESGMiddleEast

Schneider Electric and Positive Zero partner to drive #decarbonization in the #MiddleEast to accelerate the transition to #cleanenergy and a #netzero future in the #UAE and #Oman. 💬 "This collaboration strategically aligns with our vision for clean energy and a sustainable future." - David Auriau, Positive Zero CEO. 💬 "We're committed to accelerating the energy transition and empowering communities with sustainable solutions." - AMEL CHADLI, Schneider Electric's Gulf Countries President. Here's what you need to know: 🔹 Microgrids and Distributed Energy: Developing localized energy systems, often utilizing #renewable sources like #solarpower. 🔹 Clean Mobility Solutions: Promoting #sustainable #transportation options like electric vehicles and charging infrastructure. 🔹 Energy Efficiency and Sustainability: Optimizing #energy use in buildings and industries through advanced technology and practices. Highlighting the Growing Decarbonization Trend: 💡 BlackRock's $400 million investment in Positive Zero demonstrates significant financial backing for clean energy infrastructure. 💡 According to a World Economic Forum report, only 12% of businesses in the #MENA region have set net-zero targets, emphasizing the need for action. The Middle East's Advantage in Decarbonization: 🌟 The GCC countries have an advantage with readily available resources and lower costs for reducing #carbonemissions compared to other regions. The Booming Energy-as-a-Service Market: 💼 A SkyQuest Technology Consulting Pvt. Ltd. report forecasts the global Energy-as-a-Service market to surpass $112 billion by 2030, driven by the adoption of distributed energy resources, microgrid technologies, and #AI for #energyanalytics. Read More | ESG Middle East Insights https://lnkd.in/dNQWR2WM 💚 #Decarbonization #CleanEnergy #Sustainability #PartnershipGoals #ESG #ESGdata #ESGmiddleeast #ESGInsights