Energy Storage News•3 months ago
ACWA Power, Scatec sign gigawatt-scale MENA solar-plus-storage project deals
- •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.
solar