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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Scatec ASA has officially commenced construction on its landmark 1.1 GW Obelisk solar power project in Egypt, which includes an …
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’s CEO stated: “This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and …
The project aims to build a 1 GW solar and 100 MW/200 MWh storage hybrid project in Egypt. Scatec''s CEO, Terje Pilskog, stated, "This will be Egypt''s first hybrid solar …
Norwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage …
Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar, 100 MW/200 MWh battery energy storage project in …
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 …
Egypt launches $220 million ATUM Solar complex in Suez Canal zone Project includes 2-GW solar cells, panels, and 1-GWh storage Solar output for export, storage to …
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 …
A joint venture including JA Solar has broken ground on a major $210 million solar and energy storage manufacturing complex in Egypt''s Sokhna area, aiming for significant …
AMEA Power has completed commissioning of the first large-scale battery energy storage system (BESS) in Egypt, ahead of the start …
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 …
The financial close of two significant large-scale projects in Egypt could mark progress for the country’s nascent energy storage sector.
JA Solar is a lead partner in a JV that broke ground this week on a new PV cell, module and energy storage manufacturing facility in Egypt.
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AMEA Power, one of the fastest-growing renewable energy companies in the Middle East and Africa, has announced the successful commissioning of Egypt’s first-ever …
Bahraini, Chinese, Egyptian and Emirati groups have agreed to develop a new solar and storage manufacturing facility in Egypt
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 …
Earlier this year, state-owned utility Egyptian Electricity Holding Co. held an expressions-of-interest tender for the design, …
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 …
Huijue''s containers are designed for durability and efficiency, integrating advanced battery technology with smart management systems. These turnkey solutions are ideal for industrial …
Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
Your trusted solar containers partner Established in 2012 and operating from Shanghai, China, Shanghai LZY Energy Storage Co., Ltd. is a scientific …
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 …
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