News Flash
- Scatec has signed a landmark early-stage cooperation agreement together with the Egyptian Electricity Holding Company (EEHC) for a future 1 gigawatt (GW) solar and 200 MWh battery storage project.
- The announcemnt was made this past week at COP28 in Dubai.
In connection with this agreement, the African Development Bank Group (AfDB) has signed a letter of intent for the financing package of the project at competitive terms. Next steps in the initial development phase include securing land lease agreements and grid connection for the project.
A solar and battery storage plant uniquely combines two renewable technologies, addressing intermittency challenges, enhancing grid stability, and providing reliable, green power. Dispatchable power production and the ability to release stored energy during peak demand make hybrid plants ideal for meeting region-wide energy needs during periods of high consumption.
Author: Bryan Groenendaal
