Saudi Electricity Company (SEC) has secured two massive battery energy storage systems totaling 4.9 GWh at a cost of just USD 73-75 per kilowatt-hour (kWh) installed, marking a potential turning point for energy storage economics outside China. Energy storage costs have been on the sort of slide that even solar did not experience in its steep drop by over 90% from 2010 to 2020. Battery costs have dropped over 50% in just the past 12 months , with even steeper falls in China, the dominant BESS supplier. The Saudi contracts, awarded to Chinese manufacturer HiTHIUM and Saudi EPC contractor Alfanar…
Author: Junaid Shah
The Egyptian Ministry of Planning, Economic Development and International Cooperation has announced a sweeping plan for the nation’s electricity sector, targeting large-scale investments and significant advances in renewable energy for the 2025/2026 fiscal year. The plan assigns EGP 136.3 billion (about USD 2.8 billion) to drive Egypt’s energy diversification, grid expansion, and regional leadership as a power hub. Record Investment to Accelerate Energy Goals The outlined investment for the upcoming fiscal year marks a remarkable increase from EGP 72.6 billion earmarked for 2024/2025, signalling the government’s intent to double down on energy infrastructure. Approximately 73 percent of the funding will…
Egypt has the potential to produce electricity capacity of 350 gigawatts (GW) from wind energy and 650 GW from solar energy, the Minister of Electricity and Renewable Energy Mohamed Shaker suggested at the fourth edition of the round table on the green hydrogen industry in Egypt, chaired by Egypt’s Prime Minister Mostafa Madbouly. The claim of renewable potential, totalling 1 Terawatt (TW), is a significant announcement for the renewable sector of the country. However, reaching that potential is altogether a different story, especially considering the laggardness the country has shown so far in the renewable sector. Egypt’s Renewable So Far…