Two major Middle East and North Africa (MENA) region projects combining solar PV and battery storage have progressed in Saudi Arabia and Egypt through ACWA Power and Scatec, respectively.
The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh battery energy storage system (BESS) portfolio in Uzbekistan.
AMEA Power has completed commissioning of the first large-scale battery energy storage system (BESS) in Egypt, ahead of the start of commercial operations.
The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.
The Asian Development Bank (ADB) will lend the Georgia government US$104 million to support a transmission-connected battery energy storage system (BESS) project.