The Borup battery storage facility, Scatec ASA has reached financial close for the “Obelisk” hybrid solar and battery storage project in Egypt. The 1.1 GW solar plus 100 MW/200 MWh battery energy storage system (BESS) project is backed by non-recourse financing of USD 479.1 million.
The second phase, comprising 564 MW of solar, is scheduled for the second half of 2026. Electricity from the project will be sold under a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), supported by a sovereign guarantee.
The project will be constructed in two phases. The first phase of 561 MW solar + 100 MW/200 MWh battery storage is targeted to reach commercial operational date (COD) in the first half of 2026 and the second phase of 564 MW solar in the second half of 2026.
Our solar PV systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
CRRC releases 5 MWh liquid-cooled energy storage system The world’s largest rolling stock manufacturer says that its new container storage system uses LFP cells with a …
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A transformative, dispatchable clean-energy asset integrating 1,000 MW of solar PV with 600 MWh of battery storage to meet Egypt’s rising electricity demand. The largest single-site …
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Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
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The project combines large-scale solar with battery storage capabilities. Norwegian renewables developer Scatec has commenced construction on the 1.1 GW solar plant with 100 MW/200 MWh battery …
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The project is located in the Kom Ombo area of Aswan, Egypt, and was built as an expansion of an existing 500 MW PV power plant. The energy storage station has a capacity …
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The project combines large-scale solar with battery storage capabilities. Norwegian renewables developer Scatec has commenced construction on the 1.1 GW solar …
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Norwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage project in Egypt. This development, located …
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Scatec''s CEO, Terje Pilskog, stated, "This will be Egypt''s first hybrid solar and storage project, and the signing of the contract demonstrates Scatec''s strong position as one …
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Oslo/Cairo, 05 May 2025: Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The energy will be sold under a USD-denominated 25-year Power …
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CRRC releases 5 MWh liquid-cooled energy storage system The world’s largest rolling stock manufacturer says that its new container storage system uses LFP cells with a 3.2 V/314 Ah capacity.
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Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in Egypt. Located in Nagaa …
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Oslo/Cairo, 05 May 2025: Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The energy will be sold under a USD …
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Scatec ASA has reached financial close for the “Obelisk” hybrid solar and battery storage project in Egypt. The 1.1 GW solar plus 100 MW/200 MWh battery energy storage …
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Scatec CEO Terje Pilskog emphasised the project’s significance in Egypt’s energy transition, noting its capacity to deliver stable, cost-competitive electricity. The project uses …
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Norwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage project in Egypt. This development, located in Egypt, marks the country’s first …
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