Egypt's Cabinet has approved amendments to the regulatory rules governing the licensing of land-use licenses for renewable energy projects, expanding the framework to include battery energy storage projects needed to support the stability of the national electricity grid.

Minister of Electricity and Renewable Energy Mahmoud Esmat has witnessed the signing of two agreements to set up two separate battery energy storage projects with a combined capacity of 1,500 megawatt-hours in Zafarana and Benban.

Egypt?is at an energy tipping point. Landmark projects like the Benban solar park – one of the largest solar parks worldwide – and vast wind farms in Zafarana have rapidly expanded the country’s renewable energy generation capacity. Yet the prospect of clean energy is tempered by a profound challenge: solar and wind power are not available at all times in every location.

Egypt signed agreements and contracts exceeding $1.8 billion to develop two integrated renewable energy projects and localize the manufacturing of their components.

The International Finance Corporation (IFC) has announced a $72 million investment to support Egypt’s first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and the Egyptian government, marking a major milestone in the country’s transition to clean energy.

Elsewedy Electric has reached a financial close on a 50MW/100MWh battery energy storage system (BESS) project in Greece through its subsidiary, Energy Bank I S.A.

Egypt's Industrial Modernization Center (IMC) has signed a memorandum of understanding (MoU) with UAE's Global South Utilities and China's WEIHENG to establish an energy storage battery factory in Egypt.

Egypt's Industrial Modernization Center (IMC) and the two UAE-headquartered companies Global South Utilities and Enercap Holdings inked a memorandum of understanding (MoU) to establish a battery storage factory.