Round-the-clock solar just went gigascale. Three deals this week — in the UAE, Spain and Egypt — show where renewables capital is actually flowing, and it’s increasingly paired with storage.
What we’re tracking today:
BYD signed on to supply 11.275 GWh of battery storage for Masdar’s Abu Dhabi RTC project, pairing 5.2 GW of solar with 19 GWh of storage to deliver power around the clock. For investors, that’s the strongest signal yet that solar-plus-storage can underwrite baseload demand, not just cover peak hours.
In Spain, Nadara reportedly won the bid for Acciona Energía’s 361 MW wind portfolio at roughly €430m, the latest step in Acciona’s asset-rotation programme. Operating wind keeps finding buyers even as merchant price risk climbs across the Iberian market.
In Egypt, the Emerging Africa & Asia Infrastructure Fund committed USD 30m to Hassan Allam Utilities’ 1 GW Minya solar project with 660 MWh of paired battery storage, developed alongside Masdar’s Infinity Power joint venture — UAE capital, African deployment, storage-paired from day one.
At Persimmon Investments, that’s the map we invest against: storage-paired generation, disciplined portfolio rotation, and UAE capital financing Africa’s build-out.