Cairo, Egypt, June 15, 2025 – IFC today announced an investment to support Egypt’s first utility-scale battery energy storage system (BESS), deepening its partnership with AMEA Power, a leading renewable energy developer in Africa, the Middle East, and Central Asia, and the Government of Egypt to advance the country’s clean energy ambitions.Will Egypt build a solar and battery storage hybrid project?The energy project will encompass a 1GW solar and 100MW/200MWh battery storage hybrid project, the first of its kind in Egypt. Construction on a solar and battery storage hybrid project in Egypt is set for the first half of 2025.
Could battery storage be a game-changer for Egypt's energy sector?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 fossil fuels. It not only meets Egypt’s current energy needs but also sets a precedent for future dispatchable hybrid renewable energy projects in the region.”.
Does Scatec have a solar project in Egypt?In a separate announcement, Norway’s Scatec said it had signed a 25-year PPA with Egyptian Electricity Transmission Co. (EETC) for a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt. “This will be the first hybrid solar and battery project in Egypt,” said Scatec CEO Terje Pilskog.
How does solar power work in Egypt?It takes Egypt’s green energy transition to another level by harnessing the power of the sun, not just during the day but also at night, thanks to the combination of solar and battery storage. The project addresses the growing demand for electricity and reduces the need to import expensive fossil fuels.
Will Egypt build a microgrid?Earlier this year, state-owned utility Egyptian Electricity Holding Co. held an expressions-of-interest tender for the design, construction and operation of a 8.2 MW solar plant and 2 MW/4MWh battery energy storage system, which would be built at the site of an existing microgrid in western Egypt.
Which solar projects are being built in Egypt?The first project involves a 1 GW solar plant with a 600 MWh BESS in the Benban area. The second project is a 300 MWh BESS at the site of Amea Power’s 500 MW Abydos solar array, which is currently under construction. Both projects are in Egypt’s Aswan governora
Jun 15, 2025 · IFC today announced an investment to support Egypt''s first utility-scale battery energy storage system (BESS), deepening its partnership with
Jun 16, 2025 · On completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, and a significant milestone in the country''s energy transition.
Once complete, the project will produce 47,790 GWh of clean energy per year and reduce around 9% of Egypt''s annual carbon emissions by displacing 23.8 million tonnes of CO2 annually.
Sep 12, 2024 · Norwegian developer Scatec ASA has signed a 25-year power purchase agreement (PPA) for a 1 GW solar array and 100 MW/200 MWh
Jun 15, 2025 · Egypt''s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand
May 26, 2025 · The Energos Power, a new Floating Storage and Regasification Unit (FSRU) operated by US-based New Fortress Energy, has docked at the
Jul 4, 2023 · The following are the top ongoing megaprojects in Egypt that are expected to have a positive effect on the North African country''s economy.
Jun 15, 2025 · Egypt on Sunday signed a financial closure agreement for the Obelisk project, a 1-gigawatt solar power plant with 200 megawatts of battery storage, under the country''s NWFE
May 28, 2022 · The construction of Alexandria''s Metro project has been approved by the Egyptian House of representatives according to Rania Al-Mashat, Minister of International Cooperation
Dec 3, 2023 · The BESS Alliance seeks to expedite the deployment of reliable and efficient renewable energy storage systems, particularly for low and
Oct 21, 2024 · Egypt is advancing a $40 billion green hydrogen strategy, with upcoming projects set to enhance its role as a major player in green energy
Jun 12, 2025 · Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated
Jun 19, 2025 · The project builds on Egypt''s Nexus of Water, Food & Energy (NWFE) programme and will create over 10,000 power enabled jobs. BII has also signed an agreement to co
Dec 22, 2024 · The Egyptian Electricity Transmission Company (EETC) allocated EGP 7.6 billion during the fiscal year 2023/2024 to upgrade and expand its high-voltage and ultra-high-voltage
Sep 19, 2024 · Construction on a solar and battery storage hybrid project in Egypt is set for the first half of 2025. The project will encompass a 1GW solar and 100MW (200MWh) battery
Jun 15, 2025 · Cairo – Mubasher: The African Development Bank Group (AfDB) has approved a financing package of up to $184.10 million for Africa''s largest solar energy and battery storage
Mar 13, 2025 · The report highlights major advancements in renewable energy projects, aimed at expanding Egypt''s clean energy capacity and transitioning towards a sustainable energy
Dec 15, 2024 · Speaking at the event, Al-Mashat highlighted the energy component of the NWFE Program, which aims to decommission 5 gigawatts of thermal power plants while attracting
2 days ago · AMEA Power is building Egypt''s first battery energy storage systems to boost grid stability and increase the role of renewable energy in Egypt''s energy mix.
The Alexandria Air Energy Storage Project demonstrates Egypt''s leadership in adopting innovative energy solutions. By combining geological advantages with cutting-edge
May 14, 2025 · The EBRD has provided a $30 million equity bridge loan to support Egypt''s first major hybrid renewable energy project, which has now officially broken ground. The
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
Apr 13, 2024 · In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country''s solar
Feb 25, 2025 · AMEA Power has been a key player in Egypt''s renewable energy sector, with investments exceeding $3 billion across solar, wind, and battery storage projects, bringing the
Jun 15, 2025 · On completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, and a significant milestone in the
Feb 21, 2025 · The event showcased Egypt''s growing influence in the global energy landscape. Here are the top 10 highlights from this game-changing conference.
Sep 12, 2024 · AMEA Power is investing an additional US$800 million in two new groundbreaking renewable energy projects in Egypt. This strengthens AMEA
Oslo/Cairo, 05 May 2025: Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The
May 26, 2025 · Egypt received the second floating storage and regasification unit (FSRU) at Alexandria Port on Monday as part of efforts to secure natural gas supplies for power
May 12, 2025 · The European Bank for Reconstruction and Development (EBRD) is supporting Egypt ''s renewable-energy sector by providing a US$ 30 million equity bridge to Obelisk Solar
Central to Egypt''s energy strategy has outlined a comprehensive framework for economic growth and sustainable development. This vision aims to diversify the energy mix, integrating
Jul 15, 2025 · 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-scale
Sep 13, 2024 · Earlier this year, state-owned utility Egyptian Electricity Holding Co. held an expressions-of-interest tender for the design, construction and operation of a 8.2 MW solar
CAIRO – 26 May 2025: Egypt has welcomed the arrival of Energos Power, a new floating storage and regasification unit (FSRU), at the southern berth of the Tahya Misr terminal in Alexandria
Jun 16, 2025 · The project, expected to be fully operational by the third quarter of 2026, will generate an estimated 2,772 gigawatt-hours of clean, reliable, and affordable energy annually
Jun 12, 2025 · The Board of Directors of the African Development Bank Group () has approved a financing package of up to $184.1 million to support the development of the
May 11, 2025 · Egypt''s National Railway Industries Company (NERIC) has signed a €275 million (approximately EGP 15.16 billion) agreement with the National Authority for Tunnels (NAT) on
It added that the BESS Alliance aims to accelerate efforts aimed at expanding reliable and efficient renewable energy storage systems, especially for low and middle-income countries,
Discover how the Alexandria Air Energy Storage Project is revolutionizing energy storage in Egypt and shaping the future of sustainable power solutions. Explore its technology, benefits, and
The energy project will encompass a 1GW solar and 100MW/200MWh battery storage hybrid project, the first of its kind in Egypt. Construction on a solar and battery storage hybrid project in Egypt is set for the first half of 2025.
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 fossil fuels. It not only meets Egypt’s current energy needs but also sets a precedent for future dispatchable hybrid renewable energy projects in the region.”
In a separate announcement, Norway’s Scatec said it had signed a 25-year PPA with Egyptian Electricity Transmission Co. (EETC) for a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt. “This will be the first hybrid solar and battery project in Egypt,” said Scatec CEO Terje Pilskog.
It takes Egypt’s green energy transition to another level by harnessing the power of the sun, not just during the day but also at night, thanks to the combination of solar and battery storage. The project addresses the growing demand for electricity and reduces the need to import expensive fossil fuels.
Earlier this year, state-owned utility Egyptian Electricity Holding Co. held an expressions-of-interest tender for the design, construction and operation of a 8.2 MW solar plant and 2 MW/4MWh battery energy storage system, which would be built at the site of an existing microgrid in western Egypt.
The first project involves a 1 GW solar plant with a 600 MWh BESS in the Benban area. The second project is a 300 MWh BESS at the site of Amea Power’s 500 MW Abydos solar array, which is currently under construction. Both projects are in Egypt’s Aswan governorate.
The global commercial and industrial solar energy storage battery market is experiencing unprecedented growth, with demand increasing by over 400% in the past three years. Large-scale battery storage solutions now account for approximately 45% of all new commercial solar installations worldwide. North America leads with 42% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 30-35%. Europe follows with 35% market share, where standardized industrial storage designs have cut installation timelines by 60% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing innovations reducing system prices by 20% annually. Emerging markets are adopting commercial storage for peak shaving and energy cost reduction, with typical payback periods of 3-6 years. Modern industrial installations now feature integrated systems with 50kWh to multi-megawatt capacity at costs below $500/kWh for complete energy solutions.
Technological advancements are dramatically improving solar energy storage battery performance while reducing costs for commercial applications. Next-generation battery management systems maintain optimal performance with 50% less energy loss, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $1,000/kW to $550/kW since 2022. Smart integration features now allow industrial systems to operate as virtual power plants, increasing business savings by 40% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 30% for commercial storage installations. New modular designs enable capacity expansion through simple battery additions at just $450/kWh for incremental storage. These innovations have improved ROI significantly, with commercial projects typically achieving payback in 4-7 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (50-100kWh) starting at $25,000 and premium systems (200-500kWh) from $100,000, with flexible financing options available for businesses.