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 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.
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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The 1.1 GW solar project with 100 MW/200 MWh battery energy storage will be Egypt’s first hybrid solar and battery project.
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. …
Scatec ASA achieves financial close for the "Obelisk" hybrid solar and battery storage project in Egypt, securing USD 479.1 million in non-recourse project financing. Stay …
Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar, 100 MW/200 MWh battery energy storage project in Egypt. The project, billed as Egypt’s first …
Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
The project is the first of its kind in Egypt and is part of a wider program to add 4 gigawatts of clean energy to the country’s electricity system. The battery and solar plant are …
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 …
The 1.1 GW solar project with 100 MW/200 MWh battery energy storage will be Egypt’s first hybrid solar and battery project.
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...
Scatec ASA has signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). The project aims to build a 1 GW solar …
Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar, 100 MW/200 MWh battery energy storage project in …
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.
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 …
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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