Arab Finance: The International Finance Corporation (IFC) has announced a $72 million investment to support Egypt’s first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and the Egyptian government, marking a major milestone in the country’s transition to clean energy, as per an emailed press release.
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[pdf] Located in the city of Barranquilla in northern Colombia, this project will consist of a 45 MWh lithium-ion battery energy storage system and is expected to reach commercial operation by June 2023.
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