Expected ROI of solar plus storage project in Egypt 2026

The project's first phase—561 MW of solar and 100 MWh of storage—is expected online by mid-2026. Once completed, Obelisk will generate around 3 TWh annually and cut carbon emissions by an estimated 1.4 million tonnes per year.
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EBRD, AfDB & BII Back Egypt''s 1.1 GW Solar and Battery

The project is expected to generate significant economic benefits, including $73 million in direct economic impact over the first 20 years of operations. In addition, it will help Egypt reduce

Egypt Expands Renewable Energy with Solar and Storage Projects

Egypt Aluminium is the largest industrial electricity consumer in Egypt. The solar and storage project will help the company reduce its carbon emissions and meet the European

Big Solar & Battery News From Egypt & South Africa

Egypt gets its first large integrated solar PV and battery storage plant — a 1.1 GW solar PV plant with integrated 200 MWh battery will deliver dispatchable clean energy,

GameChange Solar Expands Role in Egypt''s Largest Solar-Plus-Storage Project

The project, spearheaded by AMEA Power with CEEC-ZTPC handling construction, will feature a 1 GWac solar photovoltaic plant integrated with a 600 MWh battery

AfDB grants US$184m for the development of a 1 GW

The African Development Bank (AfDB) has approved a US$184m financing package to support the development of Egypt''s largest solar PV project, namely the 1 GW Obelisk solar project, located in Egypt''s Qena

Scatec Secures $479 Million for Landmark Obelisk Hybrid Solar

The 1.1GW/200MWh solar-plus-storage project will be developed in two phases. The initial phase, comprising 561MW of solar power and 100MW/200MWh of battery storage, is

Work starts on $590m hybrid solar power project in

Norway''s Scatec begins construction First phase will generate 561MW Fully operational by 2026 Norwegian renewable energy producer Scatec has started constructing its $590 million first hybrid solar power and battery

GameChange Solar Secures Landmark 1.25 GW Tracker Deal for

Developed by AMEA Power and built by CEEC-ZTPC, the project will combine 1 GWac solar photovoltaic (PV) power plant with a 600 MWh battery energy storage system

Scatec Commences Construction of 1.1GW Obelisk Solar PV and

Scatec ASA has officially commenced construction on its 1.1 GW Obelisk Solar PV and BESS project in Egypt. The BESS will have a capacity of 100 MW/200 MWh . The

EBRD grants US$30m for the development a 1.1 GW solar + BESS project

The European Bank for Reconstruction and Development (EBRD) has granted a US$30m equity bridge loan to Obelisk Solar Power, a special purpose vehicle owned by

our story | Solar Egypt 2026

Solar & Storage Live Egypt is the premier platform for solar, storage, and clean energy innovation in North Africa, showcasing cutting-edge technology and investment opportunities in Egypt''s energy transformation. Apply to

GameChange Solar Secures Landmark 1.25 GW Tracker Deal for

We''re proud to contribute our technology and expertise to a project that''s shaping the future of energy in Africa." As one of the largest solar-plus-storage projects in Africa,

African Development Bank part-funds Egypt''s solar

The African Development Bank Group (AfDB) has approved up to $184.1 million in financing for Egypt''s Obelisk solar power and battery storage project. The project involves the construction and operation of a one gigawatt

GameChange Solar''s Revolutionary 1.25 GW Tracker Contract

Abydos II stands out as one of the largest solar-plus-storage projects on the African continent, contributing strategically to Egypt''s ambitious goal of achieving 42% renewable 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

GameChange to Supply Trackers for Egypt''s 1 GW Solar Project

The project, developed by AMEA Power and constructed by CEEC-ZTPC, will combine a 1 GWac solar photovoltaic (PV) power plant with a 600 MWh battery energy storage

Egypt''s first utility-scale battery, Africa''s biggest solar-plus

Egypt''s first utility-scale battery, Africa''s biggest solar-plus-storage project underway Two major announcements within just five days signal the rapid acceleration of

Egypt''s 1GW / 200MWh solar-plus-storage project secures EBRD

The first phase will deliver 561 MW of solar alongside the full battery storage component, with commercial operation targeted for the first half of 2026. The battery storage component

Scatec starts construction of large scale solar and

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

GameChange Solar Lands 1.25 GW Tracker Deal for Egypt''s Aby

We''re proud to contribute our technology and expertise to a project that''s shaping the future of energy in Africa." As one of the largest solar-plus-storage projects in Africa,

Egypt to Build 1GW Solar Plant with Battery Storage

The funds will support the development of a 1-gigawatt (GW) solar photovoltaic (PV) power plant with an integrated 200-megawatt-hour (MWh) Battery Energy Storage System (BESS) in the Nagaa Hammadi region of

Egypt renewable energy 2026: Discover 12 GW of

By 2026, Egypt plans to add 12 gigawatts of renewable energy, with a focus on wind and solar power. The government has secured $3.5 billion in investments for wind projects and plans to install 5.6 GW of solar energy.

Egypt bets on solar-battery plant to stabilise grid

A pioneering solar and battery storage project is set to boost Egypt''s energy grid, CNN reported, citing project developers and financing sources. The Obelisk project, led

AMEA Power Commissions Landmark 500MW Solar

In September 2024, AMEA Power was awarded two additionalgroundbreakingprojects in Egypt. The first, a 1,000MW solar PV with a 600MWh battery energy storage system (BESS),which will be the largest

Egypt''s 1GW / 200MWh solar-plus-storage project secures EBRD

Once fully operational, the project is expected to reduce CO2 emissions by approximately 1.3 million tonnes annually. The second phase, comprising 564 MW of additional

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