The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

sub-saharan africa

April 5, 2023
The U.S. Trade and Development Agency (USTDA) is funding the assessment of a large-scale battery energy storage project in Zambia, which could grow into a 400MWh nationwide rollout.
March 9, 2023
The Department of Mineral Resource and Energy (DMRE) of South Africa has issued its request for proposals (RFP) for six battery storage projects totaling 513MW/2,052MWh, with a July deadline.
October 20, 2022
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.
September 26, 2022
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).
September 7, 2022
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.
July 26, 2022
The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.
May 31, 2022
A solar and storage project totalling 20MW has entered commercial operation in Malawi, which the companies involved say is the first grid-connected utility-scale co-located project to do so in sub-Saharan Africa.
May 12, 2021
US Trade and Development Agency (USTDA) funding has been allocated to feasibility studies for large-scale battery storage projects co-located with wind power in Senegal, west Africa and Mozambique, in southeastern Africa.
September 24, 2019
The UK pledges US$250 million for global energy storage as France and the Netherlands announce US$100 million for solar initiatives.
February 2, 2018
IFC, a member of the World Bank Group, and the government of Canada have formed a financial partnership that will utilise public funding to generate private sector investments to spur renewable energy, including energy storage, in Sub-Saharan Africa.

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