Independent power producer (IPP) Scatec has raised US$479 million for its Obelisk hybrid solar and battery storage project in Egypt.
It expects to reach a financial close with lenders and start construction of the solar and battery storage project in the first half of 2025.
A country where the sun blazes 9-11 hours daily, yet faces frequent power shortages. That''s Egypt – and it''s exactly why Cairo has become a magnet for energy storage battery foreign
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Scatec said Sunday it achieved financial close for its Obelisk hybrid solar and battery storage project in Egypt, which is estimated to require total capital expenditure of $590
Norway''s renewable energy producer Scatec will begin work on Egypt''s first hybrid solar power and battery storage project in the first half of 2025.
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
Cairo, Egypt, Nov 15, 2023 - Sungrow, the global leading PV inverter and energy storage system supplier, announced that it has been selected to supply 400 units of 5kW string inverters with
First published: 15-Jun-2025 19:56:42 Staff Writer Norway-headquartered renewable energy company Scatec ASA announced on Sunday that it has reached financial close for the Obelisk
Oslo/Cairo, 15 June 2025: 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
Scatec has signed a mandate letter with several development financing institutions to secure concessional financing for the project. The company anticipates financial
Norwegian renewable energy developer Scatec has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for the country''s first hybrid solar power and
Ever since its establishment in 2015, ECSE Group has emerged as a dynamic setter in the field of renewable energy systems, energy storage and power management systems across Egypt. The company distributes many
Scatec, a Norwegian leader in renewable energy solutions, has officially commenced construction on its ambitious 1.1 GW Obelisk solar project coupled with a 100
On June 15, 2025, Egypt and Norwegian renewable energy developer Scatec announced the financial close on "Obelisk" - a landmark $600 million hybrid solar and battery storage project
The company anticipates financial close with the lenders and the start of construction of the solar and battery energy storage system hybrid project in the first half of 2025.
Is Egypt''s first hybrid solar-plus-battery project? Norwegian developer Scatec ASAhas signed a 25-year power purchase agreement (PPA) for a 1 GW solar array and 100 MW/200 MWh
Discover the latest news on Egypt''s Obelisk solar project, a 0 million hybrid solar power and battery storage initiative spearheaded by Norwegian firm Scatec. Learn how this
Scatec has signed a mandate letter with several development financing institutions to secure concessional financing for the project. The company anticipates financial
Norway''s renewable energy producer Scatec will begin work on Egypt''s first hybrid solar power and battery storage project in the first half of 2025. The company has
Oslo/Cairo, 13 March 2025: Scatec ASA, a leading renewable energy solutions provider, today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100
In a separate announcement, Norway''s Scatec said it had signed a 25-year PPA with Egyptian Electricity Transmission Co. (EETC) for a 1 GW solar and 100 MW/200 MWh
Scatec, a leading independent power producer (IPP), today announced it has successfully secured US$479 million in funding for its Obelisk hybrid solar and battery storage
Construction on a solar and battery storage hybrid project in Egypt is set for the first half of 2025. The project will encompass a 1GW solar and 100MW (200MWh) battery
Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar and 100 MW/200 MWh battery energy storage project in Egypt. The project, billed as Egypt''s first hybrid solar and
Oslo/Cairo, 15 June 2025: Scatec ASA has reached financial close for the "Obelisk" hybrid solar and battery storage project in Egypt. The non-recourse...
Norway''s renewable energy producer Scatec will begin work on Egypt''s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase
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The integration of battery storage with solar PV is a game-changer for Egypt''s energy sector, providing reliable and dispatchable renewable energy and reducing reliance on fossil fuels. It not only meets Egypt''s current
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Scatec CEO Terje Pilskog stated: “This will be the first hybrid solar and battery project in Egypt and demonstrates Scatec’s strong position as one of the largest renewable energy producers in the country. “We are pleased to have entered the PPA with Egyptian Electricity Transmission Company.
Scatec has signed a mandate letter with several development financing institutions to secure concessional financing for the project. The company anticipates financial close with the lenders and the start of construction of the solar and battery energy storage system hybrid project in the first half of 2025.
Scatec has signed a mandate letter with several development financing institutions for concessional financing and expects to reach financial close with the lenders and start construction of the solar and BESS hybrid project in the first half of 2025.
We are pleased to have entered the PPA with Egyptian Electricity Transmission Company. We will now finalise land lease agreements, grid connection agreements, and financing, and prepare for construction of the project,” says Scatec CEO Terje Pilskog.
