The funds from this Obelisk Hybrid Solar and BESS Project Financial Close be provided will be utilized in the development of a 1.1 GW solar photovoltaic (PV) power plant
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 first integrated solar and battery storage plant developed by Scatec will deliver dispatchable clean energy, enhance grid stability and manage peak demand BII''s
Milestone Projects Leading the Way 300 MWh BESS in Aswan Egypt''s first utility‑scale battery energy storage system (BESS) was commissioned in July 2025 by AMEA
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.
The project''s emphasis on solar photovoltaic (PV) technology combined with advanced Battery Energy Storage Systems (BESS) is particularly relevant, demonstrating how
Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) and an additional 300 MWh BESS.
The African Development Bank, European Bank for Development and Reconstruction (EBRD), and the British International Investment (BII), the UK''s development
Cairo, Egypt -- Egypt''s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand.
Scatec has broken ground on Egypt''s first major hybrid solar and battery project after securing a $30 million equity bridge loan from the European Bank for Reconstruction and
Scatec aims to secure land allocation, finalize grid connections, and complete financing in the coming months . Scatec signs major PPA with Egypt Aluminium for $650
In September 2024, AMEA Power was awarded two additionalgroundbreakingprojects in Egypt. The first, a 1,000MW solar PV with a 600MWh battery energy storage system (BESS),which will be the largest
The first phase will introduce 561 MW of solar capacity and 200 MWh of battery storage by mid-2026, while the second phase will add another 564 MW of solar power later
The Scatec-owned project in central Egypt, to be operational in 2026, is being fast-tracked as part of efforts to alleviate the country''s energy crisis.
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
What is Solar & Storage Live Egypt? Solar & Storage Live Egypt is Egypt''s largest renewable energy exhibition that celebrates the technologies at the forefront of the transition to a greener, smarter, more decentralised energy
From: Mercom Capital Group Scatec, a renewable energy solutions provider, has secured $479.1 million of non-recourse project financing to develop the Obelisk hybrid solar and battery storage project located in Egypt.
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
EBRD, AfDB, and BII finance Egypt''s first 1.1 GW solar PV plant with battery storage, boosting renewable energy and grid stability by 2026.
A pioneering solar and battery storage project is set to boost Egypt''s energy grid, CNN reported, citing project developers and financing sources. The Obelisk project, led
British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) have jointly committed
The financial close of two significant large-scale projects in Egypt could mark progress for the country''s nascent energy storage sector.
African Development Bank, British International Investment and European Bank of Reconstruction and Development Support Pioneering Solar and Battery Storage Project in
Egypt''s first utility-scale battery, Africa''s biggest solar-plus-storage project underway Two major announcements within just five days signal the rapid acceleration of
The hybrid solar and battery storage project, scheduled to start up in 2025, will have a significant impact on the stability of the Egyptian power grid. By using battery storage, the project will smooth out fluctuations in solar
Scatec ASA finalises financing for its hybrid solar-battery Obelisk project in Egypt, securing $479.1 million from international financial institutions for a planned capacity of 1.1 GW solar and 100
Returning in 2026 for its 13th edition, Solar Finance & Investment Europe Summit will bring together the brightest minds representing funds, banks, developers, utilities, government and industry
The project uses a blended finance structure, combining concessional loans, guarantees, and grants to support development of critical energy infrastructure. The AfDB is
The company signed a 25-year power purchase agreement with Egypt Aluminium for a 1.1GW/200MWh solar-plus-storage project in the country.
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
Egypt has secured $479.1 million in financing to develop a 1.1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh Battery Energy Storage System
Norway-based renewable energy company Scatec ASA has announced the financial close for its landmark Obelisk hybrid solar and battery storage project in Nagaa
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
Scatec, a renewable energy solutions provider, has secured $479.1 million of non-recourse project financing to develop the Obelisk hybrid solar and battery storage project
