Day: June 20, 2025

IFC Backs AMEA Power in Launching Egypt’s First Utility-Scale Battery Storage System with $72 Million Investment

Jun 20, 2025

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by

Fred Kennedy

in New Investments

The International Finance Corporation (IFC) has unveiled a significant financing deal to advance Egypt’s transition to sustainable energy, with a $72 million loan package for the nation’s inaugural utility-scale battery energy storage system (BESS).