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 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.
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.
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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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Fully operational by 2026 Norwegian renewable energy producer Scatec has started constructing its $590 million first hybrid solar power and battery storage project in …
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Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, …
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The initial introduction toward the sustainable infrastructure has opened the door to realizing the new innovations in remote communication networks. The conventional power …
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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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That’s exactly what container energy storage battery power stations are achieving today. These modular systems are revolutionizing how we store and distribute renewable …
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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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These include a 5-megawatt solar-powered water pumping station in Minya, helping local agriculture; rooftop solar systems totaling 1.8 megawatts installed on government …
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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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Hydrogen Hybrid Systems – Combining solar containers with hydrogen fuel cells for 24/7 clean energy. Smart Microgrids – Integration into decentralized energy networks for …
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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 …
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Furthermore, Ericsson has created a wind energy–based hybrid supply system to green-power cellular BSs in off-grid locations after being motivated by the potential of renewable energy 43.
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Egypt has commenced construction on the Obelisk solar project, a $590 million hybrid solar power and battery storage initiative led by Norwegian renewable energy firm …
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