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, billed as Egypt’s first hybrid solar and battery project, will be built in two phases. The first will see 561 MW of solar constructed alongside 100 MW/200 MWh of battery storage, with a targeted date for commercial operation in the first half of next year.
Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt. The first phase of the project is scheduled for commercial operation during the first half of next year.
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 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 …
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Norwegian renewables developer Scatec has received the cabinet’s approval to proceed with a major hybrid solar and battery storage project in Egypt, which can produce 100 …
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Scatec launches $590M 1.1GW solar and battery storage project in Egypt, marking a significant milestone in renewable energy development and grid infrastructure expansion.
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Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt. The first phase of the project is scheduled for …
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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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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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Technological advancements are dramatically improving solar storage container performance while reducing costs. Next-generation thermal management systems maintain optimal …
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In the first phase, Scatec will construct 561 MW of solar capacity and 100 MW/200 MWh of battery storage, aiming for commercial operation in the first half of 2026. The second …
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