Egypt''s 1.1 GW Obelisk hybrid solar and storage project, led by Scatec, has secured $479.1 million in funding from EBRD, AfDB and BII, covering 80% of total costs.
On December 14, 2024, the largest integrated photovoltaic and storage power station in Egypt, which was built by China Energy Construction, officially started construction in this area. The
AMEA Power is investing an additional US$800 million in two new groundbreaking renewable energy projects in Egypt. This strengthens AMEA Power''s position as a major player in Egypt''s clean energy landscape, bringing
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.
The European Bank for Reconstruction and Development (EBRD) has committed $30 million in equity bridge financing to Egypt''s Obelisk Solar Power, a special purpose vehicle owned by Norwegian
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
The European Bank for Reconstruction and Development (EBRD) today confirmed it will provide USD 30 million (EUR 27m) in debt to fund the construction of a 1-GW
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
Dubai''s AMEA Power propels Egypt into a renewable future, signing historic PPAs for Africa''s largest solar and battery storage project—an $800 million investment igniting
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
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
African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery storage project in
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 projects implemented in Benban, Aswan, aimed to mobilize private investment to build the world''s largest photovoltaic solar power plants and help stimulate economic growth, providing about 6,000 direct and indirect jobs at
The global push for clean energy has found a significant new champion in Egypt, with the announcement of a landmark US$479.1 million loan for the nation''s first integrated
The African Development Bank approved $184.1 million for Egypt''s Obelisk solar project. This project includes a 1-gigawatt solar PV facility and a 200MWh battery storage system. Located in Qena Governorate, its
Explore Egypt solar panel manufacturing with market analysis, production statistics, and insights on capacity, costs, and industry growth trends.
Wondering what a solar container system costs? Explore real-world price ranges, components, and examples to understand what impacts total cost—and if it''s worth the
The European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII), the United Kingdom''s
Cost: The total cost of investments for the solar plant and storage systems is estimated to be about $800 million. Location: The main solar PV installation will be built in
With projects in 20 countries, a 6GW+ project pipeline, and 1,600MW+ in operation and under/near construction, the company is rapidly expanding its investments in wind, solar, energy storage, and green hydrogen,
A Strategic Vision: The Obelisk project is poised to become Egypt''s first integrated solar photovoltaic and battery storage project of this magnitude, ushering in a new
The project will deliver a 1.1 GW solar photovoltaic (PV) plant and a 200 MWh battery energy storage system (BESS) in the Nagaa Hammadi region of Upper Egypt. Total
Current regulations allow the installment of PV power plants according to Net Metering and Self Consumption Regulations up to 1000 MW aggregated capacity all over the
In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country''s solar potential, and premium prices for gas exports make the case
The African Development Bank, European Bank for Development and Reconstruction (EBRD), and British International Investment (BII) are investing $479.1 million
12 September, Cairo/Oslo: Scatec ASA has signed a USD denominated 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a 1 GW solar
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 Obelisk 1-gigawatt
The total cost of the project is estimated at $650 million. Around 80% will be funded through project debt, while the remaining amount will come from equity investments.
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 projects implemented in Benban, Aswan, aimed to mobilize private investment to build the world''s largest photovoltaic solar power plants and help stimulate economic growth, providing about 6,000 direct and indirect jobs at
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 construction and operation of a one gigawatt
