Scatec to set up Egypt’s first hybrid solar + battery plant

Norwegian renewables developer Scatec will establish a 1-GW solar and 200-MWh battery storage project in Egypt — the country’s first — under an agreement signed with the Egyptian Electricity Holding Company (EEHC) at COP28 yesterday, it said in a statement. Scatec didn’t disclose the value of the project.

AfDB could provide the greenbacks: The African Development Bank (AfDB) has signed a letter of intent to finance the project “at competitive terms.”

FYI-A solar and battery storage plant combines electricity generation with battery storage, generating renewable power when solar energy is at its peak to be stored and later released as required when the sun is down. This makes “hybrid plants ideal for meeting region-wide energy needs during periods of high consumption,” the statement said.

What’s next: Scatec will work to secure the land and grid connection for the project.

Cabinet is onboard: Ministers gave the agreement their blessing at the weekly cabinet meeting on Thursday.