Scatec Breaks Ground on 1.1 GW Solar and Battery Storage Project
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
Scatec starts construction of large-scale hybrid solar
Norway''s Scatec has commenced construction of its 1.1 gigawatt (GW) Obelisk solar and 100 megawatts (MW)/200 megawatt-hours (MWh) battery storage project in Egypt, marking the Arab country''s first large-scale hybrid
Egypt Lights the Way with EBRD Funded Solar and
Solar Plus Storage Egypt''s move toward hybrid solar and storage projects mirrors a growing global trend. According to the International Energy Agency (IEA), battery storage capacity worldwide is expected to grow
EBRD Funds US$ 30 Million Solar and Storage
The loan will finance the construction of a 1 GWac solar plant and 200 MWh battery storage system in Nagaa Hammadi, Egypt. This project, part of Egypt''s Nexus on Water, Food, and Energy initiative, aims to reduce
Scatec reaches financial close for the 1.1GW solar
Oslo/Cairo, 15 June 2025: Scatec ASA has reached financial close for the "Obelisk" hybrid solar and battery storage project in Egypt. The non-recourse project financing comprises USD 479.1 million provided by the European Bank
Scatec starts construction of large scale solar and battery storage
Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt, the energy generated from the facility to be
Egypt''s 1GW / 200MWh solar-plus-storage project
The 200 MWh storage system will provide crucial grid services in Upper Egypt, a region that has historically suffered from weaker transmission infrastructure. The project is backed by a 25-year power purchase agreement
Scatec Starts Constructing Large-Scale Solar, Battery Storage Project
Norwegian 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''s first hybrid solar project to break ground next
Norway''s renewable energy producer Scatec will begin work on Egypt''s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase
EBRD backs Egypt''s first solar and battery storage project
The funding will support the development of a 1 GWac photovoltaic solar plant integrated with a 200 MWh battery energy storage system (BESS) in Nagaa Hammadi. Once
Scatec Starts Construction Of Large Scale Solar And Battery Storage
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
AfDB, BII and EBRD support solar and battery storage project in Egypt
Cairo, Egypt — Egypt''s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand. It is expected to
Scatec breaks ground on Egypt''s mega hybrid project
The project''s scale and hybrid design position Egypt as a leader in North Africa for solar-plus-storage technology, potentially catalysing similar projects regionally. It
EBRD backs Egypt''s first solar and battery storage project
The project is expected to reduce Egypt''s CO2 emissions by 1,357,000 tonnes per year. Egypt is a founding member of the EBRD. Since the start of the Bank''s operations in
Scatec signs PPA for 1 GW solar and 100 MW/200 MWh battery storage
12 September, Cairo/Oslo: Scatec ASA has signed a USD denominated 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a 1 GW solar
Egypt Lights the Way with EBRD Funded Solar and
Egypt''s move toward hybrid solar and storage projects mirrors a growing global trend. According to the International Energy Agency (IEA), battery storage capacity worldwide is expected to grow by over 35% annually through 2030,
Major Renewable Energy Projects in Egypt
Status: Due to begin commercial operations in 2024. The project is expected to generate 32,000 MWh of electricity, enough clean energy to power 7,000 households; it will offset 17,000 tons of
Scatec starts construction of solar & battery storage project
The company is also in advanced discussions with potential equity partners, expected to conclude in the same timeframe. "We are proud to break ground on Egypt''s first
Scatec and Amea Power to Build Landmark Solar +Energy Storage Projects
Scatec has already signed a letter of intent with several development finance institutions and is expected to reach a financial agreement with lenders, with construction of
Scatec starts construction of large scale solar and battery storage
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
Scatec Secures $479 Million for Egypt''s Large-Scale Solar+Battery
Norway-based renewable energy company Scatec ASA has announced the financial close for its landmark Obelisk hybrid solar and battery storage project in Nagaa
Work starts on $590m hybrid solar power project in
Norwegian renewable energy producer Scatec has started constructing its $590 million first hybrid solar power and battery storage project in Egypt. The 1.1 gigawatt (GW) Obelisk solar project, located on the west bank
Scatec Locks In $479M Financing for Egypt''s 1.1 GW Solar + 100
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
Scatec Secures $479 Million for Landmark Obelisk Hybrid Solar
Scatec, a leading independent power producer (IPP), today announced it has successfully secured US$479 million in funding for its Obelisk hybrid solar and battery storage
EBRD backs Egypt''s first solar and battery storage project
It will be one of the first hybrid renewable energy projects in Egypt and is expected to serve as a pilot for uptake of the technology in the country. The project will support
Egypt''s 1GW / 200MWh solar-plus-storage project
The European Bank for Reconstruction and Development (EBRD) has provided a US$30 million equity bridge loan to support Egypt''s first major hybrid renewable energy project, which has now officially broken ground.
Project Finance Brief: Scatec Secures $479 Million for
From: Mercom Capital Group Scatec, a renewable energy solutions provider, has secured $479.1 million of non-recourse project financing to develop the Obelisk hybrid solar and battery storage project located in Egypt.
Scatec reaches financial close for the 1.1GW solar
It proves our ability to deliver large-scale hybrid projects. We are proud to partner with leading development finance institutions to support Egypt''s clean energy ambitions, and we look forward to delivering this important
Scatec reaches financial close for the 1.1GW solar
Oslo/Cairo, 15 June 2025: Scatec ASA has reached financial close for the "Obelisk" hybrid solar and battery storage project in Egypt. The non-recourse project financing comprises USD 479.1
BII, AfDB and EBRD support pioneering solar and battery storage project
On completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, and a significant milestone in the country''s energy
Scatec finalizes 1.1 GW solar + 100 MW/200 MWh
Scatec ASA has reached financial close for the "Obelisk" hybrid solar and battery storage project in Egypt. The non-recourse project financing comprises USD 479.1 million provided by the European Bank for
4 FAQs about [Expected ROI of hybrid solar storage project in Egypt 2025]
What is a hybrid energy project in Egypt?
It will be one of the first hybrid renewable energy projects in Egypt and is expected to serve as a pilot for uptake of the technology in the country. The project will support the green energy transition in Egypt while helping keep the grid stable and reliable in the face of growing electricity demand.
Could battery storage be a game-changer for Egypt's energy sector?
The integration of battery storage with solar PV is a game-changer for Egypt’s energy sector, providing reliable and dispatchable renewable energy and reducing reliance on fossil fuels. It not only meets Egypt’s current energy needs but also sets a precedent for future dispatchable hybrid renewable energy projects in the region.”
How does solar power work in Egypt?
It takes Egypt’s green energy transition to another level by harnessing the power of the sun, not just during the day but also at night, thanks to the combination of solar and battery storage. The project addresses the growing demand for electricity and reduces the need to import expensive fossil fuels.
How does the EBRD invest in Egypt?
The EBRD’s areas of investment in Egypt include the financial sector, agribusiness and manufacturing and services, as well as infrastructure projects in the power, municipal water and wastewater service sectors, and contributions to upgrading the transport sector.