{"id":611131,"date":"2023-12-03T00:00:00","date_gmt":"2023-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/scatec-to-set-up-egypts-first-hybrid-solar-battery-plant\/"},"modified":"2023-12-03T00:00:00","modified_gmt":"2023-12-03T00:00:00","slug":"scatec-to-set-up-egypts-first-hybrid-solar-battery-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/scatec-to-set-up-egypts-first-hybrid-solar-battery-plant\/","title":{"rendered":"Scatec to set up Egypt\u2019s first hybrid solar + battery plant"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Norwegian renewables developer Scatec will establish a 1-GW solar and 200-MWh <\/strong><strong>battery storage project in Egypt<\/strong> \u2014 the country\u2019s first \u2014 under an agreement signed with the Egyptian Electricity Holding Company (EEHC) at COP28 yesterday, it said in <a target=\"_blank\" href=\"https:\/\/scatec.com\/2023\/12\/02\/scatec-at-cop28-accelerating-renewable-energy-transition-from-egypt-to-south-africa\/\" style=\"\" rel=\"noopener\">a statement<\/a>. Scatec didn\u2019t disclose the value of the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AfDB could provide the greenbacks:<\/strong> The African Development Bank (AfDB) has signed a letter of intent to finance the project \u201cat competitive terms.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FYI-<\/strong>A solar and battery storage plant combines electricity generation with battery storage, generating renewable power when solar energy is at its peak to be stored and later released as required when the sun is down. This makes \u201chybrid plants ideal for meeting region-wide energy needs during periods of high consumption,\u201d the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Scatec will work to secure the land and grid connection for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cabinet is onboard: <\/strong>Ministers gave the agreement their blessing at the <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4faktnkz\" style=\"\" rel=\"noopener\">weekly cabinet meeting<\/a> on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO APPROVED BY CABINET-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Groundwork for State Grid\u2019s 10-GW solar energy project:<\/strong> Cabinet also approved an MoU that will allow China Electric Power Equipment and Technology \u2014 a subsidiary of Chinese state-owned electric utility corporation State Grid \u2014 to begin its feasibility studies on a proposed 10-GW solar energy project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project will be financed by the African Development Bank<\/p>\n","protected":false},"author":1,"featured_media":611132,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,151,573],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-renewables","tag-scatec","wpautop","entry"],"acf":{"mongo_id":"9360246d-a2fd-4dca-b680-1894ddb9a003","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/24.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Scatec to set up Egypt\u2019s first hybrid solar + battery plant","related_issue":[611116],"teaser":"The project will be financed by the African Development Bank","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.5195cf8a-b810-4032-89f3-ed2ce9598fab.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Scatec to set up Egypt\u2019s first hybrid solar + battery plant - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/scatec-to-set-up-egypts-first-hybrid-solar-battery-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scatec to set up Egypt\u2019s first hybrid 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