Several African countries have formally expressed interest in joining the groundbreaking Battery Energy Storage Systems (BESS) Consortium.
Nigeria, Burkina Faso, Egypt, Ghana, Kenya, Malawi, Mauritania, Mozambique, and Togo expressed interest and are expected to receive support from BESS Consortium resource partners that include the African Development Bank, the World Bank, the Asian Development Bank, the Inter-American Development Bank, the Agence Française de Développement (AFD), Africa50 and Masdar.
The deal was launched on Saturday during COP28, which could revolutionise Africa’s energy landscape by developing advanced energy storage solutions through collaboration and innovation.
Joining the BESS Consortium, a multistakeholder partnership initiative of the Global Leadership Council, commits members to participate in efforts to reach energy storage commitments of 5 GW through the end of 2024.
This, according to African Development Bank will in turn provide a roadmap to ultimately achieving 400 GW of renewable energy by 2030.
Resource partners will help prepare projects, improve the regulatory environment and unlock private and public investment.