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 project combines large-scale solar with battery storage capabilities. Norwegian renewables developer Scatec has commenced construction on the 1.1 GW solar …
Learn MoreScatec 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 …
Learn MoreNorwegian 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 …
Learn MoreEDF power solutions has joined Obelisk, a hybrid project located in Egypt combining a 1.1 GW solar plant and a 100MW/200MWh battery storage plant located in the city of Nagaa …
Learn MoreEarlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
Learn MoreScatec 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 storage system.
Learn MoreNorwegian 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 …
Learn MoreScatec 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 …
Learn MoreOslo/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...
Learn MoreScatec 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 …
Learn MoreOslo/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 …
Learn MoreOslo/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 …
Learn MoreEarlier 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 …
Learn MoreThe project combines large-scale solar with battery storage capabilities. Norwegian renewables developer Scatec has commenced construction on the 1.1 GW solar plant with 100 MW/200 MWh battery …
Learn MoreScatec''s CEO, Terje Pilskog, stated, "This will be Egypt''s first hybrid solar and storage project, and the signing of the contract demonstrates Scatec''s strong position as one …
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