The rapid evolution of the utility-scale battery energy storage systems (BESS) market in Australia, Europe and the US has seen the emergence of a wide range of offtake products. These arrangements offer opportunities for
Scatec ASA signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV with 100 MW/200MWh BESS
The Norwegian renewables company Scatec has reached financial close for its 1.1 GW Obelisk solar+storage power project in Egypt. The project financing comprises
African Development Bank Group''s board of directors approved a financing package of up to $184.1 million to support the development of the Obelisk 1-GW solar
Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The project will be constructed in two phases. The first phase
Scatec reaches financial close for the 1.1GW solar + 100MW/200MWh BESS Obelisk project in Egypt 🇪🇬 The non-recourse project financing comprises USD 479.1 million provided by the
The next steps for the project involve collaborating with the relevant authorities to allocate land, finalise grid connections and secure financing. Scatec aims to achieve
The government signed the first agreement with the Norwegian company Scatec to implement a project with a capacity of 1 gigawatt with BESS battery energy storage
The second phase, with 564MW of solar, aims to start operations in the second half of 2026. The energy will be sold under a US dollar-denominated, 25-year power purchase
The agreements will lead to the implementation of two large-scale renewable sources of energy in Egypt. The first project is the development of a 1,000MW solar PV plant
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
Scatec has signed a 25-year power purchase agreement (PPA) with Egypt Aluminium for a 1.1GW solar photovoltaic (PV) and 100MW/200 megawatt hours (MWh) BESS
Norwegian renewable energy developer, Scatec ASA, has commenced construction of the 1.1 GW Obelisk solar project in Egypt, which will include an integrated 100
(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
Co-authored by Harry Brunt, a partner in our Energy and Infrastructure team, and Dan Roberts of Frontier Economics Introduction In this article we consider the role and application of battery energy storage systems
The project''s blended financing of US$479.1 million corresponds to 81% of the total estimated capital expenditure of US$590 million. Significant milestone The integrated
The agreements will lead to the implementation of two large-scale renewable sources of energy in Egypt. The first project is the development of a 1,000MW solar PV plant and a 600MWh BESS in the Benban region of
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
Norway-headquartered renewable energy company Scatec ASA announced on Sunday that it has reached financial close for the Obelisk hybrid solar and Battery Energy
Battery energy storage systems (BESS) store electricity and flexibly dispatch it on the grid. They can stack revenue streams offering arbitrage, capacity and ancillary services
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...
The Dubai developer is working in parallel on a new 1 GW solar PV power plant with a 600 MWh BESS in the Benban area, Egypt''s Aswan Governorate. Amea Power said the
Egypt Aluminium is the largest aluminium producer and industrial electricity consumer in Egypt and exports approximately 60% of its production to Europe. This solar PV +
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.
African Development Bank Group''s board of directors approved a financing package of up to $184.1 million to support the development of the Obelisk 1-GW solar photovoltaic project and 200MWh battery energy storage
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
The Norwegian renewables company Scatec has reached financial close for its 1.1 GW Obelisk solar+storage power project in Egypt. The project financing comprises US$479.1m provided by
The successful financing and development of the Obelisk Hybrid Solar Project stands as a beacon of promise for Egypt, a defining step in its renewable energy journey.
Norway-based Scatec secured financing for a gigawatt-scale solar PV plant integrated with a battery energy storage system (BESS), while UAE-based AMEA Power
This solar PV + BESS project will be instrumental for Egypt Aluminium''s ambition to decarbonise its aluminium production, and to meet EU''s Carbon Border Adjustment Mechanism (CBAM) requirements which will be
Achieving financial close for Egypt''s first utility-scale BESS project—following the successful launch of our 500MW wind farm in Egypt—is a clear demonstration of our ability to deliver large scale renewable energy
Oslo based Scatec ASA has reached financial close for the 1.1GW solar + 100MW/200MWh BESS project in Egypt. The hybrid solar and battery storage project is
IFC today announced an investment to support Egypt''s first utility-scale battery energy storage system (BESS), deepening its partnership with AMEA Power, a leading renewable energy developer in Africa, the Middle
