[Storage: Egypt secures AfDB funding for 500MW solar-plus-storage project]

Published: Jul 27, 2026 09:43
The African Development Bank has approved up to USD 66 million for Phase I of Egypt’s 500MW Dandara Solar Project, which includes a 100MWh battery storage system. Located in Qena Governorate and developed by Norway’s Scatec, the project will supply renewable electricity to EgyptAlum under a 25-year PPA and a wheeling agreement with the Egyptian Electricity Transmission Company. The financing includes USD 46 million from AfDB ordinary resources and USD 20 million from the Climate Investment Funds’ Clean Technology Fund. Phase I is scheduled to begin operations in early 2028 and is expected to generate around 1,373GWh annually.

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