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.
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 …
Free Quote
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 …
Free Quote
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 …
Free Quote
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 …
Free Quote
Scatec ASA has officially commenced construction on its landmark 1.1 GW Obelisk solar power project in Egypt, which includes an integrated 100 MW/200 MWh battery energy storage system.
Free Quote
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 …
Free Quote
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 …
Free Quote
A $700M consortium project in Aswan, Egypt, combining 1GW of solar power with 600MWh of battery storage, set to be Africa''s largest single-asset renewable and storage …
Free Quote
The EBRD has provided a $30 million equity bridge loan for Egypt’s first major hybrid renewable energy project in Nagaa Hammadi, combining 1.1 GW of solar power with a …
Free Quote
Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
Free Quote
Scatec ASA has officially commenced construction on its landmark 1.1 GW Obelisk solar power project in Egypt, which includes an integrated 100 MW/200 MWh battery energy …
Free Quote
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 …
Free Quote
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 …
Free Quote
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 …
Free QuoteLatest developments in solar PV technology, energy storage advancements, private power solutions, and industry insights from our team of renewable energy experts.
Contact our technical sales team for solar PV power generation and energy storage solutions. We provide customized quotations based on your specific project requirements and energy needs.
UKU SOLUTIONS 123 Renewable Energy Park, Industrial Zone, Johannesburg 2001, South Africa