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 home solar PV systems and energy storage products are engineered for reliability, safety, and efficient deployment in Polish conditions. All systems include comprehensive monitoring and control with remote management capabilities.
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 QuoteOslo/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 QuoteScatec 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 QuoteThe Egyptian Cabinet has already approved the cooperation agreementbetween EEHC and Scatec. This decision aligns with the government''s commitment to increasing the country''s …
Free QuoteNorwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage project in Egypt. This development, located …
Free QuoteNorwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage project in Egypt. This development, located in Egypt, marks the country’s first …
Free QuoteIf you’re searching for the latest Cairo energy storage manufacturers list, you’re likely an industry professional, investor, or sustainability enthusiast tracking Egypt’s booming …
Free QuoteOslo/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 QuoteEarlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
Free QuoteThe fuel crisis in Egypt is driving the development of solar energy. GSL ENERGY is helping Egypt achieve its renewable energy transition and market growth with advanced …
Free QuoteA 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 QuoteEarlier 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 QuoteMashreq For Energy Systems specializes in providing comprehensive energy solutions, including energy storage systems. Their focus on solar technology and sustainable practices positions …
Free QuoteLatest developments in solar PV technology, energy storage advancements, commercial power solutions, and industry insights from our team of renewable energy experts across Poland.
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