The Borup battery storage facility, 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 storage system (BESS) project is backed by non-recourse financing of USD 479.1 million.
The first project involves a 1 GW solar plant with a 600 MWh BESS in the Benban area. The second project is a 300 MWh BESS at the site of Amea Power’s 500 MW Abydos solar array, which is currently under construction. Both projects are in Egypt’s Aswan governorate.
In a separate announcement, Norway’s Scatec said it had signed a 25-year PPA with Egyptian Electricity Transmission Co. (EETC) for a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt. “This will be the first hybrid solar and battery project in Egypt,” said Scatec CEO Terje Pilskog.
The latest announcements bring Amea Power’s total renewables capacity in Egypt to 2 GW of solar and 900 MWh of BESS. The company claims to have projects in 20 countries, with a pipeline above 6 GW and 1.6 GW currently in operation and under or near construction.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
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The company has signed Capacity Purchase Agreements to develop the first standalone battery energy storage stations in Egypt. …
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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 storage …
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Egypt launches $220 million ATUM Solar complex in Suez Canal zone Project includes 2-GW solar cells, panels, and 1-GWh storage Solar output for export, storage to …
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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. …
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The company has signed Capacity Purchase Agreements to develop the first standalone battery energy storage stations in Egypt. There will be a 500MWh BESS project …
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The EBRD has provided a $30 million equity bridge loan for Egypt’s first major hybrid renewable energy project in Nagaa Hammadi, combining 1.1 GW of solar power with a …
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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 …
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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. …
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EDF power solutions enters Obelisk, a hybrid project located in Egypt combining a 1.1GW solar plant and a 100MW/200MWh battery storage located in the city of Nagaa …
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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 …
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Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) …
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Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt, with a 25-year Power Purchase Agreement.
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