UAE’s Masdar successfully installed the first 4.7 MW wind turbine at its 500 MW wind farm in Uzbekistan, the company said. Masdar reached financial close for the Zarafshan Wind Farm in September, raising USD 600 mn to build the plant that is expected to power 500k homes and replace 1.1 mn tons of CO2 annually. Commercial operations are expected to start by the end of 4Q 2024.

Omantel launches its inaugural sustainable finance framework: Oman Telecommunications Company (Omantel) — the leading internet provider in the sultanate — has unveiled its ESG framework enabling the telecommunications firm to access green and sustainability-linked bonds as well as green sukuks, according to a statement. The firm’s newly announced framework is in line with the International Capital Market Association’s green, social, and sustainability loan principles, and falls under the UK-based Loan Market Association and the Asia Pacific Loan Market Association and the Loan Syndications & Trading Association's green loan guidelines, the statement notes. Under the framework, the telecoms company will fund projects supporting energy efficiency in its sector including renewables deployments.