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.
Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt. The first phase of the project is scheduled for commercial operation during the first half of next year.
The project, billed as Egypt’s first hybrid solar and battery project, will be built in two phases. The first will see 561 MW of solar constructed alongside 100 MW/200 MWh of battery storage, with a targeted date for commercial operation in the first half of next year.
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.
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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 first phase of the project is scheduled for commercial operation during the first half of next year and the site is backed by a 25-year power purchase agreement (PPA) from the Egyptian Electricity …
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Scatec starts constructing large-scale solar, battery storage project in Egypt Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt.
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Scatec starts constructing large-scale solar, battery storage project in Egypt Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy …
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Scatec’s CEO stated: “This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and battery storage to enhance energy reliability.” The initiative aligns with …
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Oslo/Cairo, 08 December: Scatec ASA, a leading renewable energy solutions provider, has signed shareholder agreements with Norfund, the Norwegian investment fund for developing …
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The first phase of the project is scheduled for commercial operation during the first half of next year and the site is backed by a 25-year power purchase agreement (PPA) from …
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Trina Storage, a unit of Trinasolar, has completed a 300-megawatt-hour (MWh) battery energy storage system (BESS) in Egypt ahead of schedule, setting a new benchmark for rapid deployment of utility-scale …
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The Egyptian Electricity Transmission Company has signed PPAs with Scatec and AMEA Power for a combined 2 GW of solar power and large-scale battery storage projects.
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Trina Storage, a unit of Trinasolar, has completed a 300-megawatt-hour (MWh) battery energy storage system (BESS) in Egypt ahead of schedule, setting a new benchmark …
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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...
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Norway’s Scatec has finalized a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a groundbreaking hybrid project in …
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Scatec’s CEO stated: “This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and battery storage to enhance energy …
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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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