Solar energy companby KarmSolar has secured US$2.4 million in bank financing for a solar-plus-storage project in Egypt.

Tunisian utility STEG is planning to build a 400-600MW pumped hydro energy storage plant, for a 2029 commissioning date.

The African Development Bank (AfDB) has approved a grant of a grant of US$2.5 million to the government of Mozambique for feasibility studies into a floating solar PV farm and up to 10 energy storage systems.

The US and the European Union have made a fresh pledge to support green energy in Africa.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

Sterling and Wilson has signed a memorandum of understanding with the government of Nigeria to develop and construct PV and BESS projects.

The US-based International Development Corporation (DFC) has provided a US$25 million loan for a solar-plus-storage project in Malawi with a 5MW/10MWh battery energy storage system (BESS).

Renewable developer Scatec and energy group EDF have signed a binding agreement with the government of Malawi to develop a hydropower plant with 309MW/7,000MWh of pumped hydro energy storage.

World Energy Storage Day Chair Dr Rahul Walawalkar on this year’s virtual global conference.

Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.