
Here are some key points:Cost: Lithium-ion batteries for storage are averaging €450–€600 per kWh1.Investments: The country is attracting investments in battery factories, with projects worth up to EUR 360 million underway2.Hybrid Solutions: There are initiatives combining lithium-ion batteries with other technologies for effective energy storage3.Energy Storage Projects: The North Macedonia Energy Storage Container Project is a significant development aimed at enhancing renewable energy integration4.Local Production: A new factory for lithium-ion battery systems is being established, with an investment of €65 million5. [pdf] [pdf]

The proposed project finances three (03) main components: firstly, it will finance the construction of two (2) new 33/11kV substations, the upgrading, rehabilitation and reinforcement of two (2) 33/11kV substations; the rehabilitation and upgrading of low voltage distribution lines (140km) as well as the installation of 10 compact 11/0.4kV substations and 100 distribution transformers in the Banjul metropolitan area. [pdf]
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