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 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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Construction of Egypt''s first solar and battery storage hybrid project is set to commence in the first half of 2025. The project will feature a 1 GW solar capacity paired with a …
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AMEA Power, one of the fastest-growing renewable energy companies in the Middle East and Africa, has announced the successful commissioning of Egypt’s first-ever …
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Energy storage is no longer just a trend; it is a necessity for modern businesses and utility providers. As electricity grids face higher demand and renewable energy sources …
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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 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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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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Cairo, Egypt – In a historic move for North Africa’s energy sector, AMEA Power has successfully commissioned Egypt’s first-ever …
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Norwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage …
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The project, named ATUM Solar, is located in the TEDA Egypt industrial zone in Ain Sokhna. It covers 200,000 square meters and represents a total investment of $220 million. …
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A joint venture including JA Solar has broken ground on a major $210 million solar and energy storage manufacturing complex in Egypt''s Sokhna area, aiming for significant …
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The Global Shift to Energy-Independent Farming As the global agricultural industry embraces digitalization, automation, and sustainability, reliable energy is not a luxury—it''s a …
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The project aims to build a 1 GW solar and 100 MW/200 MWh storage hybrid project in Egypt. Scatec''s CEO, Terje Pilskog, stated, "This will be Egypt''s first hybrid solar …
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Energy storage is no longer just a trend; it is a necessity for modern businesses and utility providers. As electricity grids face higher demand and renewable energy sources …
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Egypt is adding a large battery to store solar energy from its Kom Ombo plant in Aswan. The project is being developed by AMEA Power and supported with funding from the …
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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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Trina Storage, a unit of Trinasolar, has completed a 300-megawatt-hour (MWh) battery energy storage system (BESS) in Egypt …
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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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Egypt has commenced construction on the Obelisk solar project, a $590 million hybrid solar power and battery storage initiative led by Norwegian renewable energy firm …
Get PriceLatest developments in photovoltaic technology, energy storage advancements, wind-solar hybrid systems, and industry insights from our team of renewable energy experts.
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