British International Investment (BII), the UK’s development finance institution, said on Friday it had committed $37 million to the Abydos II Solar PV and Battery Energy Storage System (BESS) project in Egypt.
The $737 million project, developed by AMEA Power in Aswan Governorate, will have a capacity of 1 GWac and a 600 MWh battery system, generating an estimated 2,910 GWh of electricity annually and avoiding 1.6 million tonnes of CO₂ emissions per year. Operations are expected to start in 2026.
BII is co-financing the project with a consortium including the International Finance Corporation (IFC), CDP of Italy, DEG, FMO, OFID, and the Europe Arab Bank. A 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) will ensure stable electricity supply.
The project supports Egypt’s aim to reach 42% renewable energy in its electricity mix by 2030, while advancing the country’s green industrialisation and regional renewable energy trade ambitions.
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