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
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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.
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
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Scatec has signed a USD denominated 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a 1.1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt, the first of its
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
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
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The African Development Bank Group (AfDB) has approved up to $184.1 million in financing for Egypt''s Obelisk solar power and battery storage project. The project involves
The African Development Bank (AfDB) has approved a $184.1 million financing package for the development of the Obelisk 1-gigawatt solar photovoltaic project and a 200 mega watt (MW) battery energy storage system
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
The financial closure of two major large-scale projects in Egypt signifies a promising advance for the country''s emerging energy storage sector. Recently, developers
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 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.
Scatec has completed a very large non-recourse project financing deal of $479.1 million. This funding will advance their ambitious 1.1 gigawatt (GW) sized Obelisk solar and
By 2026, Egypt plans to add 12 gigawatts of renewable energy, with a focus on wind and solar power. The government has secured $3.5 billion in investments for wind projects and plans to install 5.6 GW of solar energy.
Solar & Storage Live Egypt is the premier platform for solar, storage, and clean energy innovation in North Africa, showcasing cutting-edge technology and investment opportunities in Egypt''s
Solar & Storage Live MENA is the region''''s leading conference and exhibition for renewable energy. An event that united all stakeholders - utilities, IP. Solar & Storage Live MENA 2024 is held in (Cairo), Egypt, from 5/29/2024 to
The African Development Bank Group (AfDB) has approved a financing package worth up to $184.1m to support the development of the Obelisk solar photovoltaic project in Egypt''s Qena
Scatec ASA has started construction on a 1.1 GW solar + 100 MW/200 MWh battery storage project in Egypt It involves $590 million in CapEx, with 80% of it targeted
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.
Solar & Storage Live Egypt is a leading international trade fair in Cairo, focusing on the presentation of solar PV systems, storage solutions, and complementary technologies.
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 for
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''s CEO stated: "This project is a significant step in advancing renewable energy infrastructure in Egypt, combining solar and battery storage to enhance energy
The Abydos Solar PVpower plant will generate 1,500GWh of clean energy, powering approximately 300,000 households and will offset 782,300 tons of CO2 emissions. The project, completed in just 18 months, is
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
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
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
المقدمة 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
展会时间： 2026年 04月 21 日-22日 展会地点： 埃及-开罗-Egypt International Exhibition Center 展会届数： 第七届（一年一届） 主办单位： Terrapinn Holdings Ltd. 组展单位： 北京英尚利
