In a separate announcement, Norway’s Scatec said it had signed a 25-year PPA with Egyptian Electricity Transmission Co. (EETC) for a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt. “This will be the first hybrid solar and battery project in Egypt,” said Scatec CEO Terje Pilskog.
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 first project involves a 1 GW solar plant with a 600 MWh BESS in the Benban area. The second project is a 300 MWh BESS at the site of Amea Power’s 500 MW Abydos solar array, which is currently under construction. Both projects are in Egypt’s Aswan governorate.
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 signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). The project aims to build a 1 GW solar …
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The financial close of two significant large-scale projects in Egypt could mark progress for the country’s nascent energy storage sector.
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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 …
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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 …
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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. …
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The project is the first of its kind in Egypt and is part of a wider program to add 4 gigawatts of clean energy to the country’s electricity system. The battery and solar plant are …
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Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) and an additional 300 MWh BESS. …
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High renewable energy penetration targets cannot be achieved without more reliance on energy storage technologies. This study provides a long-term tec…
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The 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 …
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Earlier this year, state-owned utility Egyptian Electricity Holding Co. held an expressions-of-interest tender for the design, …
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Earlier 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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The financial close of two significant large-scale projects in Egypt could mark progress for the country’s nascent energy storage sector.
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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 …
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Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) …
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