Scatec has signed an agreement with the Egyptian Electricity Holding Company to develop a project consisting of 1GW of solar and 200MWh of battery storage during the COP28.
118 countries have signed the ‘Global Renewables and Energy Efficiency Pledge’ on Saturday (2 December) at COP28 in Dubai to treble global installed capacity by 2030.
Renewables are set to contribute 80% of new power capacity to 2030 in the stated policies scenario (STEPS), with solar PV alone accounting for more than half of it, according to the International Energy Agency (IEA).