Egypt's big order: 2GW PV, 1.1GWh energy storage project

Recently, AMEA Power signed a PPA agreement with the Egyptian Electricity Transmission Company for two projects to develop the largest solar PV project in Africa and the first utility-scale battery energy storage system.

After successfully developing the 500MW Abydos solar PV project, AMEA Power has been awarded to build two new milestone renewable energy projects in Egypt.

The first project is a new 1000MW solar PV power plant in the Benban area of ​​Aswan Governorate, as well as a 600MWh BESS project, which will become the largest BESS project in Africa and has a milestone historical significance.

The second project is a 300MWh energy storage battery project, which is an expansion project of the company's existing 500MW Abydos PV power plant. It is currently under construction at Kom On bo, the government of Aswan Governorate, and is expected to be commissioned in October 2024. The project will be the first to use a utility-scale BESS solution in Egypt.

The signing of the two projects will consolidate AMEA Power's position as a major player in Egypt's clean energy sector, bringing its total solar PV and wind project size in Egypt to 2GW, and 900MWh of battery energy storage systems (BESS).

AMEA Power once again reiterated its commitment to supporting Egypt's clean energy transition and identified Egypt as a strategic market for its future growth.

1GW PV + 200MWh Energy Storage Hybrid Project Signed

Recently, Scatec ASA signed a 25-year power purchase agreement (PPA) denominated in US dollars with the Egyptian Electricity Transmission Company (EETC) to carry out a 1 GW solar and 100MW/200MWh battery energy storage hybrid project in Egypt.

"This will be Egypt's first large-scale hybrid solar and battery project, demonstrating Scatec's strong position as one of Egypt's largest renewable energy producers. We are pleased to enter into a PPA with the Egyptian Electricity Transmission Company. We will now finalize the land lease agreement, grid connection agreement, and financing, and prepare for the construction of the project."

Scatec executive officer Terje Pilskog said.

It is reported that Scatec has signed cooperation with several development financing institutions and is expected to reach a financial agreement with lenders in the first half of 2025 and start construction of the solar and BESS hybrid energy project. Scatec will provide engineering, procurement and construction (EPC), asset management (AM) and operation and maintenance (O&M) services for the project.

Scatec stated that its total capacity of renewable energy projects in four continents around the world has reached 4.7 GW, which are currently in operation or construction. In August this year, the company sold shares in solar projects in Rwanda and South Africa to help finance further growth opportunities.

It is understood that Egypt is one of the largest photovoltaic markets in Africa, with abundant sunshine resources and vast land. In recent years, the Egyptian government has been actively promoting the development of the solar photovoltaic industry.

Egypt's goal is to have renewable energy account for 42% of the country's total electricity demand by 2030, and renewable energy power generation will account for 60% of the country's total power generation by 2040.

The Egyptian market has also attracted the participation of the Chinese company Boda New Energy, which recently announced its major investment project in Egypt. The total investment exceeds 150 million US dollars. The project is planned to cover an area of ​​78,000 square meters and will be built in two phases, aiming to become a key engine for the Middle East's new energy industry.

The first phase of the project is scheduled to reach full production in September 2025, with a 2GW solar cell production line built, and annual sales are expected to reach 190 million US dollars.