Saudi Arabia is now ranked among the world’s top ten energy storage markets, its growth driven by the launch of the 2,000 MWh Bisha Project, one of the largest in the Middle East and Africa. The country aims to achieve 48 GWh of storage capacity by 2030, with 26 GWh already tendered under its National Renewable Energy Program. According to Wood Mackenzie, Saudi Arabia is a rapidly growing energy storage market with capacities expected to reach 8 GWh by 2025 and 22 GWh by 2026.

The Dakhla, Morocco-based green hydrogen and ammonia export project’s Phase 1 is expected to produce one million tons annually by 2031. The project has received investments of $4.04 billion, with further expansions potentially increasing the financing to $25 billion. The project, led by Dahamco, will export hydrogen and ammonia mainly to Amsterdam-Rotterdam-Antwerp for industrial and maritime use. Its key partners include TAQA Morocco, AP Moller Capital (Denmark), Dahamco, Ornx Boujdour, and OCP Group.

Dubai Electricity and Water Authority (DEWA) announced plans for a solar project with battery storage to ensure an uninterrupted power supply. These plans were announced a month after Abu Dhabi unveiled a $6 billion solar project. The seventh phase of the Mohammad Bin Rashid Al Maktoum Solar Park will integrate 1.6 GW of solar capacity with 1 GWh of battery storage. The project aims to address the intermittency of renewable energy and support the United Arab Emirates’ 2050 net-zero target.

TotalEnergies, Masdar, and 2PointZero signed a ‘framework for action’ to drive clean energy access in emerging markets across Africa and Asia. The agreement was formalized at the UAE-France High-level Business Council in Paris.

DEWA appointed a Deloitte-led global consortium as the consultant for the Mohammed bin Rashid Al Maktoum Solar Park’s seventh phase. This phase will integrate 1,600 MW of solar capacity with a 1,000 MWh battery energy storage system (BESS), making it one of the world’s largest solar-plus-storage projects under the independent power producer model. The phased commissioning is scheduled between 2027 and 2029 and is expected to help DEWA exceed its original 5,000 MW target before 2030.

BYD Energy Storage and Saudi Electricity Company signed a 12.5 GWh grid-scale battery storage contract, increasing their partnership’s capacity to 15.1 GWh. BYD will install BESS equipment at five sites, utilizing its MC Cube-T ESS with cell-to-system technology to integrate the storage project with Saudi Arabia’s power grid.

Hyundai Engineering & Construction won a $389 million contract from the Saudi Electricity Company to build a 491 km power grid integrating solar projects in Medina and Jeddah. The power grid is expected to be completed by November 2027. The grid includes the Humayji Solar Power Connection (311 km, 380kV), linking an inland solar project to Medina, and Qulais Solar Power Connection (180 km, 380kV) connecting a coastal solar project to Mecca.

Chinese solar panel manufacturer Trinasolar will open its first Middle East factory in Jeddah, Saudi Arabia by the end of March 2025, targeting the country’s $125 billion renewable energy market. The plant will produce solar trackers and smart control systems designed to optimize energy generation in the region’s harsh environmental conditions.