IFC-led lenders back one of Africa’s largest solar storage projects
The International Finance Corporation (IFC), AMEA Power, and Kyuden International Corporation have announced a $571.8 million debt financing package for the Abydos II project in Egypt, positioned as one of Africa’s largest integrated solar and battery energy storage facilities. The financing, led by IFC, will support the development of a 1,000 MW solar photovoltaic power plant paired with a 600 MWh battery energy storage system in Aswan Governorate. The project is being developed by Abydos…

