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.
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The 200 square meter facility is targeting an annual manufacturing capacity of 2 GW of solar cells and 2 GW of solar modules. The solar cell production will be 100% for export.
Key Figures & Findings: Scatec, a Norwegian renewable power producer, has begun construction of its 1.1GW Obelisk solar and 100MW/200MWh battery storage project in …
In the future, the convergence of containerized solar with smart grid technologies, modular hydrogen storage, and AI-driven maintenance is expected to unlock new levels of …
Fully operational by 2026 Norwegian renewable energy producer Scatec has started constructing its $590 million first hybrid solar power and battery storage project in …
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. …
EDF power solutions has acquired a 20% stake in the Obelisk hybrid project near Luxor, a 1.1 GW solar plant with 100 MW/200 MWh battery storage.
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 …
Amea Power stated that the Benban project will be Africa’s largest solar + storage project, while the Abydos project will be Egypt’s first-ever centralized large-scale storage …
Fully operational by 2026 Norwegian renewable energy producer Scatec has started constructing its $590 million first hybrid solar …
Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
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 …
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 …
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Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone …
In an era where energy resilience and sustainability are more critical than ever, the Mobile Solar Power Container is emerging as an intelligent solution that integrates mobility, …
Key Figures & Findings: Scatec, a Norwegian renewable power producer, has begun construction of its 1.1GW Obelisk solar and …
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, …
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Egypt has commenced construction on the Obelisk solar project, a $590 million hybrid solar power and battery storage initiative led by Norwegian renewable energy firm …
Latest developments in photovoltaic container technology, solar power plant projects, energy storage advancements, and industry insights from our team of renewable energy experts.
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