Construction of Africa''s Largest Solar PV and First
Cost: The total cost of investments for the solar plant and storage systems is estimated to be about $800 million. Location: The main solar PV installation will be built in Benban, Aswan state, Egypt. The scale of the
African Development Bank, British International Investment and
African Development Bank, British International Investment and European Bank of Reconstruction and Development Support Pioneering Solar and Battery Storage Project in
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 begins solar and battery project in Egypt
This project marks a significant milestone as it represents the country''s first hybrid solar and battery initiative. With an investment of approximately USD 590 million, Scatec aims
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
Egypt Expands Renewable Energy with Solar and Storage Projects
Egypt has several renewable energy projects in operation. The Benban Solar Park in Aswan has a total installed capacity of 1.8 GW and is one of the largest solar parks in
Solaire Egypt for Power Generation Solutions
Who We Are Solaire Egypt was officially established in 2020 after the partners, Ibrahim Hassaballa, Mohamed Ali and Amr Haridi met and realized they form a team with the perfect balance of expertise for renewable energy. The founders
AfDB, EBRD and BII support pioneering solar and battery storage project
(AfDB)-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
African Development Bank, British International Investment and
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 generate
Scatec secures $479.1 mln from AfDB, BII, and EBRD for Egypt''s
British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) have jointly committed
AfDB approves $184.1 million for Africa''s largest solar project in Egypt
The African Development Bank approved $184.1 million for Egypt''s Obelisk solar project. This project includes a 1-gigawatt solar PV facility and a 200MWh battery storage
BII, AfDB and EBRD support pioneering solar and battery storage project
Egypt''s first integrated solar and battery storage plant developed by Scatec will deliver dispatchable clean energy, enhance grid stability and manage peak demand BII''s
EBRD, AFDB and BII support pioneering solar and
The European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII), the United Kingdom''s development finance institution and impact
Scatec signs PPA for large-scale solar-plus-storage
Norway''s Scatec Asa has signed a 25-year power purchase agreement (PPA) with Egypt Aluminium for a 1.1 GW solar plant with 100 MW/200 MWh of battery energy storage. The agreement has been billed
Scatec Secures Financing for Groundbreaking Hybrid
A Strategic Vision: The Obelisk project is poised to become Egypt''s first integrated solar photovoltaic and battery storage project of this magnitude, ushering in a new era for energy generation in the country.
BII, AfDB, EBRD provide $479m support for Egyptian solar and
British International Investment (BII), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD) are providing a blended
$479M Boost for Egypt''s First 1GW Solar-Battery
$479M Boost for Egypt''s First 1GW Solar-Battery Project by AfDB, EBRD, BII The project, to be developed by Obelisk Solar Power SAE and led by renewable energy company Scatec ASA, will be located in the Nagaa
Solaire Egypt for Power Generation Solutions
Who We Are Solaire Egypt was officially established in 2020 after the partners, Ibrahim Hassaballa, Mohamed Ali and Amr Haridi met and realized they form a team with the perfect
BII, AfDB and EBRD support pioneering solar and battery storage project
Egypt''s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand BII''s financing includes a
Egypt''s Energy Solution: Solar & Battery Power to Stop Blackouts
With abundant sunshine and falling technology costs, Egypt has begun to shift its focus to renewable energy. One of the most ambitious projects, the Obelisk hybrid solar and
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
Multilateral lenders commit nearly $480 million to Egypt''s largest
The project will deliver a 1.1 GW solar photovoltaic (PV) plant and a 200 MWh battery energy storage system (BESS) in the Nagaa Hammadi region of Upper Egypt. Total
African Development Bank, British International
Source: African Development Bank Group (AfDB) | Jun 16, 2025 African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery
AMEA Power Commissions Landmark 500MW Solar
The Abydos Solar PVpower plant will generate 1,500GWh of clean energy, powering approximately 300,000 households and will offset 782,300 tons of CO2 emissions. The project, completed in just 18 months, is
BII signs over $300 million in agreements to accelerate green
The Gulf of Suez Wind Farm and the Obelisk solar and battery storage project developed by Scatec will add over 2 GW of clean energy capacity to the national grid and
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
MENA Solar and Renewable Energy Report
In collaboration with: The Middle East and North Africa saw 2019 again confirm the growth and importance of commissioning large projects and launching additional phases of their renewable
Africa''s First Integrated Solar-Battery Plant Secures $479M Boost
The African Development Bank (AfDB), British International Investment (BII), and the European Bank for Reconstruction and Development (EBRD) have announced a joint
AMEA Power to Develop Largest Solar PV Project in
AMEA Power is investing an additional US$800 million in two new groundbreaking renewable energy projects in Egypt. This strengthens AMEA Power''s position as a major player in Egypt''s clean energy landscape, bringing
6 FAQs about [Total investment cost of solar with battery project in Egypt]
What is Scatec – Egypt's first hybrid solar & battery project?
This project marks a significant milestone as it represents the country’s first hybrid solar and battery initiative. With an investment of approximately USD 590 million, Scatec aims to boost Egypt’s renewable energy capacity, contributing to the nation’s sustainability goals.
How much money did Egypt invest in solar power in 2024?
In 2024, Egypt embarked on a major renewable energy initiative by announcing the construction of two solar power stations with a total investment of 1 billion Egyptian pounds ($20.60 million), funded by a European Union grant.
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.
How can solar power and battery storage improve grid stability?
The combination of solar power generation and battery storage presents numerous advantages for energy management and reliability. By integrating these technologies, Scatec is set to enhance grid stability while addressing fluctuations associated with variable renewable resources like solar energy.
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.
What is the obelisk solar and battery storage project?
The project is set to unfold in two phases, with the first phase targeting completion by mid-2026. The Obelisk solar and battery storage project will be developed in two distinct phases. The initial phase encompasses the installation of a 561 MW solar plant alongside a BESS capable of storing 100 MW/200 MWh of electricity.