Planned power investments in North Africa average around USD 15 billion per year during the period 2021-2025, of which about USD 5 billion per year would be dedicated to renewable energy. As RE penetration in the energy mix is rising, battery storage is becoming a critical enabler for the integratio Contact online >>
Planned power investments in North Africa average around USD 15 billion per year during the period 2021-2025, of which about USD 5 billion per year would be dedicated to renewable energy. As RE penetration in the energy mix is rising, battery storage is becoming a critical enabler for the integration of large shares of variable renewable electricity, such as solar PV and wind, into power systems.
Some of the North African countries are launching storage projects. Tunisian utility STEG, for instance, is planning to build a 400-600MW pumped hydro energy storage plant, for a 2029 commissioning date. Egypt in the frame to be one of the world''s most promising renewable H2 hotspots, with the Suez Canal Economic Zone (SCZONE) attracting billions of dollars of gigawatts of green hydrogen and ammonia projects. Mauritania has 2 of the largest upcoming green hydrogen projects in the Africa in its pipeline.
The conference will also address topics such as the use of energy storage systems (ESS) in C&I and mining sites; as well as exploring green hydrogen as a long-term energy storage solution and how the continent is reacting to unlock the multiple benefits.
This business development platform will be a not-to-be-missed market place for the whole value chain and stakeholders already involved or looking to the country.
Attending: Key stakeholders including representatives from the government, International Finance Institutions (IFIs), policy makers, international and local developers, EPC contractors, independent power producers, engineering, large electricity consumers, battery storage technology providers, legal and advisory services, equipment manufacturers, banking and private equity entities.
Agenda and registration – The detailed agenda, speaker line-up and registration form will be available upon your written inquiry. Early bird conditions are currently applied so make sure to take advantage.
This flagship investment event provides an excellent opportunity for public relation, to raise your company profile, to highlight your expertise and to boost your business development objectives.
ACWA Power has agreed to deploy wind energy and battery capacity to help power what is claimed will be the Middle East and Africa region''s ‘first battery gigafactory.’
The Saudi Arabian power producer and developer has signed a joint development agreement with Gotion Power, Chinese battery manufacturer Gotion High-Tech''s subsidiary in Morocco, for a 500MW wind power plant with 2,000MWh of battery energy storage system (BESS) technology.
The project will feed energy to Gotion Power''s new electric vehicle (EV) battery gigafactory in the northwestern Moroccan city of Kenitra. The renewables-plus-storage plant has an expected investment cost of around US$800 million, ACWA Power said.
ACWA Power announced the Gotion agreement late last month, along with two financing deals and an R&D collaborative effort, that the developer signed at a recent event hosted by the Future Investment Initiative, a non-profit organisation run by Saudi Arabia''s PIF sovereign wealth fund.
The deals have a claimed total value of US$1.78 billion, and include a US$690 million framework agreement with the National Bank of Kuwait for financing ACWA Power projects in Saudi Arabia and Kuwait.
There was also a US$240 million equity bridge loan agreement with the World Bank''s International Finance Corporation (IFC) to finance two solar-plus-storage projects in Samarkand, Uzbekistan.
Meanwhile, the company also signed a cooperation agreement with Lujiazui Administrative Bureau, a state agency overseeing the development of a new financial services hub in Shanghai, China, for the construction of an R&D centre in Shanghai.
In June, the Moroccan government held a ceremony with Gotion High-Tech for the signing of a strategic investment agreement between the manufacturer and the state regarding its factory.
Presided over by head of government Aziz Akhannouch and held in the capital Rabat, the agreement covered the establishment of a "complete industrial ecosystem for electric battery manufacturing in Kenitra," the government said.
The factory would require around MAD12.8 billion (US$1.3 billion) investment, with a planned 20GWh annual production capacity for EV batteries, creating 17,000 direct and indirect jobs.
It could in future be ramped up to 100GWh annual production capacity, the government said. In ACWA Power''s announcement last month, the developer said Gotion—which counts automaker Volkswagen among its investors—planned to have the factory online in the first half of 2026.
The Moroccan government noted that this would be the first battery gigafactory in the entire Middle East and Africa region, supporting the country''s shift to electrification of transport and creating economic opportunities.
In mid-October, rival Chinese battery manufacturer Hithium announced a joint venture (JV) to establish a battery factory in Saudi Arabia with 5GWh annual production capacity.
Hithium, which only makes products for the stationary BESS sector and not also EV batteries, has formed the JV Hithium MANAT, with Saudi engineering solutions company MANAT.
The battery factory would feed growing demand for storage solutions in the Middle East, Hithium''s regional general manager for the Middle East and Africa region Sean Sun said, although a timeline for its expected construction has not been given.
In March 2023, ACWA Power signed agreements with the government of Uzbekistan to develop 1.4GW of solar PV and 1.2GW of BESS projects in the Central Asian country.
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