EBRD, AfDB, and BII finance Egypt''s first 1.1 GW solar PV plant with battery storage, boosting renewable energy and grid stability by 2026.
12 September, Cairo/Oslo: Scatec ASA has signed a USD denominated 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a 1 GW solar
Energy Storage Financing The Energy Storage Financing study series is an outreach effort to the financial industry to help reduce and mitigate the risk of investing in energy storage
The financing package includes US$125.5m from AfDB''s ordinary resources, in addition to concessional funding of US$20m from the Sustainable Energy Fund for Africa (SEFA) and US$18.6m from the Canada
The project will be carried out in two phases. The first phase includes a solar power installation capacity of 561MW and a 100MW/200MWh energy storage system, and it is
Battery storage is the fastest growing segment of the renewable energy sector. It is projected to be a trillion dollar market. Installation of stand-alone battery storage projects is expected to increase fivefold in the next four
Standalone Energy Storage Systems (ESS) are rapidly emerging as a key market, with 6.1 gigawatts of tenders issued in the first quarter of 2025 alone, accounting for 64% of the total utility-scale energy storage
Energy can be stored in a number of ways, depending on the source, but the most common is in chemical batteries. In this briefing, we look at some of the considerations
The 300MWh BESS at AMEA Power''S Abydos project in Aswan Governate, Egypt. Image: AMEA Power. AMEA Power has completed commissioning of the first large
Scatec ASA launches Egypt''s 1.1-GW Obelisk solar project, featuring cutting-edge battery storage and backed by major financial partners, set to transform renewable
Financing structure options for standalone storage projects and hybrid solar plus storage projects. The pool of potential investors in these projects by allowing project owners to transfer
Detroit-based energy company DTE Energy (NYSE:DTE) is seeking to contract battery energy storage capacity from roughly 450 MW of new standalone projects in Michigan.
Renewable energy projects under way in Egypt will lift its production to nearly 12 gigawatts (GW) in 2026 and output is expected to surge in the following years, the country''s
For example, a community energy storage project connected to multi-family housing might engage with a community housing financing agency under the CCIA, whereas a standalone
To assess the impacts of these developments on investment and deal flow, the American Council on Renewable Energy (ACORE) surveyed companies that actively develop or finance U.S.
Egypt''s first integrated solar and battery storage plant developed by Scatec will deliver dispatchable clean energy, enhance grid stability and manage peak demand BII''s
The African Development Bank Group (AfDB) has approved a financing package worth up to $184.1m to support the development of the Obelisk solar photovoltaic project in Egypt''s Qena
The integration of battery storage with solar PV is a game-changer for Egypt''s energy sector, providing reliable and dispatchable renewable energy and reducing reliance on
Battery storage is the fastest growing segment of the renewable energy sector. It is projected to be a trillion dollar market. Installation of stand-alone battery storage projects is
First published: 15-Jun-2025 19:56:42 Staff Writer Norway-headquartered renewable energy company Scatec ASA announced on Sunday that it has reached financial close for the Obelisk
"I think co-location or standalone BESS are both good hedges under a single, central power price model," said Scott Berrie. Image: Solar Media. While the co-location of solar and storage
Norwegian renewables company Scatec ASA (OSL:SCATC) has begun the construction of the 1.1-GW Obelisk solar project with an integrated 100 MW/200 MWh battery storage in Egypt and is in talks with potential equity
Proposal Understanding The Massachusetts Department of Energy Resources ("DOER") seeks a firm that can deliver LTCs for mid-duration Energy Storage Projects. Our proposal
Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, met with Minister of Electricity and Renewable Energy, Mahmoud Esmat, to
After debt payments have been made, other investors (like equity investors) will be paid. In general, project''s assets are used as collateral to the loan. This type of financing is common in renewable energy projects because building solar,
Tax equity investors can benefit from standalone energy storage projects primarily through the utilization of tax incentives, particularly the Investment Tax Credit (ITC)
Scatec, a renewable energy solutions provider, has secured $479.1 million of non-recourse project financing to develop the Obelisk hybrid solar and battery storage project
The African Development Bank (AfDB) has approved a $184.1 million financing package for the development of the Obelisk 1-gigawatt solar photovoltaic project and a 200 mega watt (MW) battery energy storage system
The project is located in the Kom Ombo area of Aswan, Egypt, and was built as an expansion of an existing 500 MW PV power plant. The energy storage station has a
Egypt Aluminium is the largest industrial electricity consumer in Egypt. The solar and storage project will help the company reduce its carbon emissions and meet the European
