development finance

December 11, 2025
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.
December 10, 2025
AFC and public-private-partnership (PPP) Cabeolica have inaugurated 13.5MW of wind power generation and 26MWh of battery storage in Cape Verde.
December 8, 2025
The first of 46 solar minigrids planned in Angola has been inaugurated by João Baptista Borges, the African country’s Minister of Energy and Water.
December 2, 2025
The World Bank will invest in a huge 4GW, 5.12GWh solar-plus-storage complex in Malaysia, part of a pan-Southeast Asian power grid initiative.
October 31, 2025
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.
July 15, 2025
AMEA Power has completed commissioning of the first large-scale battery energy storage system (BESS) in Egypt, ahead of the start of commercial operations.
July 4, 2025
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.
June 16, 2025
The financial close of two significant large-scale projects in Egypt could mark progress for the country’s nascent energy storage sector.
May 28, 2025
Sungrow and Globeleq are negotiating a deal to supply equipment for a 612MWh government tender-winning battery storage project in South Africa.  
April 23, 2025
The Asian Development Bank (ADB) will lend the Georgia government US$104 million to support a transmission-connected battery energy storage system (BESS) project.

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