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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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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Oslo/Cairo, 08 December: Scatec ASA, a leading renewable energy solutions provider, has signed shareholder agreements with Norfund, the Norwegian investment fund for developing …
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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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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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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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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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Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar, 100 MW/200 MWh battery energy storage project in Egypt. The project, billed as Egypt’s first …
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Scatec’s CEO stated: “This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and battery storage to enhance energy …
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