ACWA Power, in collaboration with HAU Energy, has successfully achieved financial close for the 1.1 GW Suez Wind Farm in Egypt, representing a significant milestone as the largest single-contracted wind farm in the Middle East. The total investment for this project amounts to $1.2 billion, with ACWA Power holding a 70% stake and HAU Energy owning the remaining 30%. This wind farm is expected to boost the share of renewable energy in Egypt's electricity generation mix to 42% by 2040. In another development, Arctech has signed a substantial 1.5 GW order for its solar tracking system with PowerChina for a project in Al Ajban, UAE. This initiative is projected to substantially reduce the annual carbon emissions of Abu Dhabi by 2.4 million tons. ACME Group has contracted Shuangliang Group to provide hydrogen production systems for a green ammonia project in Oman. The facility is designed to produce 300 tons of green ammonia daily, aiding global clean energy endeavors. Shuangliang's alkaline electrolyzer technology is a significant component of this project, with multiple hydrogen production systems powered by green electricity set to be finalized by 2025. Moreover, Oman has introduced the Oman Net Zero Center, an essential strategic initiative by the Ministry of Energy and Minerals. This center is established to steer the nation towards carbon neutrality by 2050 by developing and updating net-zero strategies, aligning them with national objectives, and overseeing project implementation to enhance energy efficiency and minimize carbon emissions. Additionally, Alcazar Energy from the UAE has partnered with the Egyptian government to undertake a massive 3.1 GW hybrid renewable energy project in the Zafarana region, combining 2 GW of solar and 1.1 GW of wind energy. With a $2.5 billion investment, this project will operate under a Build-Own-Operate model, with Alcazar Energy managing its execution. Feasibility studies and financial closure are anticipated to conclude by the end of 2025, leading to construction commencement in early 2026.