The Hydrogen Stream: Levelized cost of hydrogen at Mediterranean ports can be as low as €2.5/kg for hybrid systems
A study from the University of Naples Federico II finds hydrogen production at Mediterranean ports could cost €5.7–8.6/kg using only renewables and €2.5–13/kg in hybrid systems, with solar emerging as the most reliable resource and wind outperforming it in select locations. Alongside these findings, major industry developments include new hydrogen and e-fuel projects, advanced electrolyser technologies, and EU-backed infrastructure expansion supporting large-scale decarbonization.
Inside the financing of Egypt’s largest solar‑plus‑storage project
Norwegian developer Scatec ASA has commissioned the first phase of the 1.1 GW Obelisk solar and battery energy storage system (BESS) project in Egypt, backed by $479.1 million in development finance institution (DFI) debt and a fully contracted storage revenue model.
PV-driven hydraulic hydro storage may hit $0.022/kWh LCOE in the U.S.
An international study has demonstrated that utility-scale solar PV paired with hydraulic hydro storage (HHS) could reach an LCOE as low as $0.022/kWh in select U.S. regions. The system could provide GWh-scale, cost-competitive, and highly reliable long-duration storage, capable of powering large commercial districts with minimal environmental impact.
Egypt tenders 500 MW solar project
Egyptian Electricity Transmission Co. (EETC) has launched an international tender for a 500 MW solar project in Egypt’s West Nile region. The deadline to submit prequalification documents is May 11.
Cornex secures 11.5 GWh of battery orders from Saudi Arabia, Egypt
The Chinese manufacturer will supply 5.5 GWh of energy storage products to Saudi Arabia and another 6 GWh to Egypt, as it works to expand its global footprint.
GCL, Cornex, TBEA to build solar manufacturing complex in Egypt
Egypt’s Kemet has signed three agreements with Chinese companies over the last week, covering plans for a 5 GW solar cell complex, a 5 GWh battery energy storage factory and Egypt’s first solar inverter factory.
The Hydrogen Stream: Scatec-led 100-MW green project in Egypt to step operations in the coming months
The consortium expects to reach Final Investment Decision (FID) on the full-scale project in the Ain Sokhna Industrial Zone in the coming months, while Brazil’s Federal Court provisionally ordered the suspension of construction activities of Solatio’s project in the State of Piauí.
Scatec secures PPA for Africa’s largest solar-plus-storage project
Scatec has inked a 25-year power purchase agreement in Egypt for a 1.95 GW solar, 3.9 GWh battery energy storage project, representing the developer’s largest investment to date.
Amea Power begins construction on 1 GW/600 MWh solar-plus-storage plant in Egypt
According to the developers, the $700 million giant project will be Africa’s largest single-site hybrid renewable facility. Amea Power began construction before financing was completed.
JA Solar joins consortium building $210 million PV module factory in Egypt
The 200 square meter facility is targeting an annual manufacturing capacity of 2 GW of solar cells and 2 GW of solar modules. The solar cell production will be 100% for export.
