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.
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 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 latest announcements bring Amea Power’s total renewables capacity in Egypt to 2 GW of solar and 900 MWh of BESS. The company claims to have projects in 20 countries, with a pipeline above 6 GW and 1.6 GW currently in operation and under or near construction.
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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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Scatec ASA has officially commenced construction on its landmark 1.1 GW Obelisk solar power project in Egypt, which includes an …
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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 integrated 100 MW/200 MWh battery energy …
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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 funding is provided by …
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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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The 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 …
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Oslo-based Scatec ASA says it will retain majority ownership in Egypt’s 1.1 GW solar and 100 MW/200 MWh Obelisk project, with EDF Power Solutions taking 20% and …
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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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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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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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Scatec, a Norway-based renewable energy company, has signed a 25-year Power Purchase Agreement (PPA) with Egypt Aluminium. The agreement covers a 1.1-gigawatt (GW) …
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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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Spark Renewables specializes in renewable energy solutions, including solar energy and energy storage. They focus on delivering cost-effective and sustainable energy options through …
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