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IFC Invests $72 Million in Egypt’s First Utility-Scale Battery Storage Project with AMEA Power - Innovation Village | Technology, Product Reviews, Business
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IFC Invests $72 Million in Egypt’s First Utility-Scale Battery Storage Project with AMEA Power - Innovation Village | Technology, Product Reviews, Business
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a landmark $72 million financing package to support Egypt’s transition toward a more sustainable and resilient energy future. This funding will enable the development of the country’s first utility-scale Battery Energy Storage System (BESS), marking a significant milestone in Egypt’s renewable energy journey. The investment will be directed to the Abydos…
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