Energy Storage News•16 days ago
ACWA Power, Scatec sign gigawatt-scale MENA solar-plus-storage project deals
Key Takeaway
These gigawatt-scale solar-plus-storage deals in MENA underscore the accelerating global trend towards integrated, dispatchable renewable energy solutions, creating new opportunities for developers and more stable green power options for large consumers.
AI Summary
- •Gigawatt-scale solar-plus-storage projects are progressing in Saudi Arabia (ACWA Power) and Egypt (Scatec), indicating significant growth in hybrid renewable energy solutions in MENA.
- •Scatec secured equity deals with Norfund and EDF for its Nagaa Hammadi, Egypt solar-plus-storage project, highlighting successful financing models for large-scale hybrid renewable developments.
- •The advancement of these projects signals a strong market trend towards integrated solar PV and battery storage, offering more reliable renewable power for future grid integration and potentially stable PPA opportunities for large consumers.
Topics
financingsolarstorage
Article Content
Two major Middle East and North Africa (MENA) region projects combining solar PV and battery storage have progressed in Saudi Arabia and Egypt through ACWA Power and Scatec, respectively. Scatec signs equity deals with Norfund, EDF Norwegian renewable energy firm Scatec has signed equity deals for a solar-plus-storage project in Nagaa Hammadi, Egypt. Scatec signed two […]