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.
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 the project is scheduled for commercial operation during the first half of next year.
The project, billed as Egypt’s first hybrid solar and battery project, will be built in two phases. The first will see 561 MW of solar constructed alongside 100 MW/200 MWh of battery storage, with a targeted date for commercial operation in the first half of next year.
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’s CEO stated: “This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and battery storage to enhance energy reliability.” The initiative aligns with …
Free Quote“We are proud to bring this landmark battery storage project online, strengthening the resilience of Egypt’s electricity grid while supporting the country’s renewable energy …
Free QuoteThe project is located in the Kom Ombo area of Aswan, Egypt, and was built as an expansion of an existing 500 MW PV power plant. The energy storage station has a capacity …
Free QuoteBy scaling clean power and storage solutions, we are helping Egypt meet its growing energy needs sustainably and build long-term resilience. This project exemplifies how …
Free QuoteScatec starts constructing large-scale solar, battery storage project in Egypt Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy …
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 QuoteWill Egypt build a microgrid? 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 …
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 QuoteThe first phase of the project is scheduled for commercial operation during the first half of next year and the site is backed by a 25-year power purchase agreement (PPA) from …
Free QuoteScatec starts constructing large-scale solar, battery storage project in Egypt Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt.
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’s CEO stated: “This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and battery storage to enhance energy …
Free QuoteScatec 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 Quote“We are proud to bring this landmark battery storage project online, strengthening the resilience of Egypt’s electricity grid while supporting the country’s renewable energy ambitions,” said Hussain Al Nowais, …
Free QuoteThe first phase of the project is scheduled for commercial operation during the first half of next year and the site is backed by a 25-year power purchase agreement (PPA) from the Egyptian Electricity …
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 …
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