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.
Our standardized photovoltaic power generation and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
Earlier this year, state-owned utility Egyptian Electricity Holding Co. held an expressions-of-interest tender for the design, construction and operation of a 8.2 MW solar …
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 …
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 …
Obelisk is Scatec’s largest project to start construction to date and combines solar and batteries to deliver stable and cost competitive renewable energy to support Egypt’s …
Egypt is adding a large battery to store solar energy from its Kom Ombo plant in Aswan. The project is being developed by AMEA Power and supported with funding from the …
Construction of Egypt''s first solar and battery storage hybrid project is set to commence in the first half of 2025. The project will feature a 1 GW solar capacity paired with a …
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 …
According to a statement by the Cabinet, the project will strengthen Egypt’s power system, with total battery storage capacity reaching around four gigawatts (GW) that matches …
The Arab Energy Fund will provide $90 million in EBL financing maturing in Q2 2028, while the European Bank for Reconstruction and Development (EBRD) will contribute …
Does Egypt need EEHC & Scatec? The Egyptian Cabinet has already approved the cooperation agreement between EEHC and Scatec. This decision aligns with the government''s …
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