The platform aims to promote the private sector''s participation in Egypt''s energy sector, facilitate the government''s decarbonization plans by expediting the roll-out of renewable energy
The Board of Directors of the African Development Bank Group () has approved a financing package of up to $184.1 million to support the development of the
Egypt Advances Clean Energy Strategy with Landmark Storage Projects Mahmoud Esmat, Minister of Electricity and Renewable Energy, has met with Hussain Al
The financing supports Scatec''s newly launched 1.1GW Obelisk solar project in Nagaa Hammadi, which includes a 100MW/200MWh battery energy storage system. Electricity will be sold under a 25-year
Explore innovative shipping container energy storage systems for sustainable, off-grid power solutions. Harness renewable energy storage effectively.
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
(AfDB)-Egypt''s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand. It is expected to
Scatec ASA launches Egypt''s 1.1-GW Obelisk solar project, featuring cutting-edge battery storage and backed by major financial partners, set to transform renewable
Renewable energy projects under way in Egypt will lift its production to nearly 12 gigawatts (GW) in 2026 and output is expected to surge in the following years, the country''s
Scatec ASA achieves financial close for the "Obelisk" hybrid solar and battery storage project in Egypt, securing USD 479.1 million in non-recourse project financing. Stay
The power project is the largest solar power plant in Africa and comprises a 1GW solar plant, along with a 200 megawatt-hour (MWh) battery energy storage system.
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
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
Norway''s Scatec has commenced construction of its 1.1 gigawatt (GW) Obelisk solar and 100 megawatts (MW)/200 megawatt-hours (MWh) battery storage project in Egypt, marking the Arab country''s first large-scale hybrid
On completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, and a significant milestone in the country''s energy
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
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital and project finance. I''m also including some
Egypt''s Minister of Planning, Economic Development and International Cooperation, Dr. Rania A. Al-Mashat: "The Obelisk Solar Power project represents a landmark
Norway-headquartered renewable energy company Scatec ASA announced on Sunday that it has reached financial close for the Obelisk hybrid solar and Battery 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
The financial close of two significant large-scale projects in Egypt could mark progress for the country''s nascent energy storage sector.
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
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
Norway-headquartered Scatec ASA has reached financial close for the Obelisk hybrid solar and battery storage project in Egypt. It has secured $479.1 million in funding from
Norway-headquartered Scatec ASA has reached financial close for the Obelisk hybrid solar and battery storage project in Egypt. It has secured $479.1 million in funding from
The integrated power plant will be developed by Scatec, a leading renewable energy solutions provider, and built in two phases. The first phase, with 561 MW of solar and
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
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
Norwegian renewables company Scatec ASA (OSL:SCATC) has begun the construction of the 1.1-GW Obelisk solar project with an integrated 100 MW/200 MWh battery storage in Egypt and is in talks with potential equity
This financing will support the development of a 1.1 GW solar power plant integrated with a 200 MWh battery energy storage system (BESS) in Egypt''s Nagaa Hammadi
The project is expected to reach commercial operation in 2026. The debt financing includes a construction-to-term loan, a tax equity bridge loan, and a letter of credit
The questions below are geared toward existing building upgrades. If it is a new construction project there may be more financing options, as well as the ability to combine financing
The discussion also covered the progress of Egypt''s first-ever stand-alone energy storage stations — two separate stations with a combined storage capacity of 1,500
