Scatec Starts Constructing Large-Scale Solar, Battery Storage Project
Norwegian renewable energy developer Scatec has initiated construction on a 1.1 GW solar and 100 MW/200 MWh battery storage project in Egypt. This development, located in
Scatec Secures Funding for Ambitious 1.1GW Solar and 100MW
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
Scatec Secures $479 Million for Solar and Storage Project in Egypt
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
Scatec Secures $479 Million for Egypt''s Large-Scale Solar+Battery
Norway-based renewable energy company Scatec ASA has announced the financial close for its landmark Obelisk hybrid solar and battery storage project in Nagaa
Project Finance Brief: Scatec Secures $479 Million for Solar and
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
Scatec''s Solar-Battery Project in Egypt Reaches
The battery storage solution developed by ABB could be a front runner to Qatar''s solution for 2022. Scatec ASA has secured financial closure for the Obelisk hybrid solar and battery storage project in Egypt. The project will
Norwegian Player Closes the Financing for 1,000MW Hybrid Solar
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
Scatec breaks ground on Egypt''s mega hybrid project
The project''s scale and hybrid design position Egypt as a leader in North Africa for solar-plus-storage technology, potentially catalysing similar projects regionally. It
Egypt''s 1GW / 200MWh solar-plus-storage project secures EBRD
The European Bank for Reconstruction and Development (EBRD) has provided a US$30 million equity bridge loan to support Egypt''s first major hybrid renewable energy
Egypt Expands Renewable Energy with Solar and Storage Projects
Egypt Aluminium is the largest industrial electricity consumer in Egypt. The solar and storage project will help the company reduce its carbon emissions and meet the European
Scatec starts construction of large scale solar and battery storage
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
Scatec begins solar and battery project in Egypt
The total capital expenditure for this expansive project is estimated at around USD 590 million, which underscores Scatec''s commitment to investing significantly in Egypt''s
EBRD backs 1 GW solar-plus-storage project in Egypt with $30
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 Secures $479 Million for Landmark Obelisk Hybrid Solar
Scatec, a leading independent power producer (IPP), today announced it has successfully secured US$479 million in funding for its Obelisk hybrid solar and battery storage
Scatec reaches financial close for the 1.1GW solar
It proves our ability to deliver large-scale hybrid projects. We are proud to partner with leading development finance institutions to support Egypt''s clean energy ambitions, and we look forward to delivering this important
Scatec starts construction of large-scale hybrid solar
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
Egypt renewable energy 2026: Discover 12 GW of
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.
Egypt''s Pioneering Solar and Battery Storage Project Secures
This ambitious project, spearheaded by Obelisk Solar Power SAE, a special purpose vehicle (SPV) incorporated in Egypt and wholly owned by Norwegian renewable
BII, AfDB and EBRD support pioneering solar and battery storage project
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
BII, AfDB and EBRD support pioneering solar and battery storage project
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
Scatec Finalizes Financing For Obelisk Project Featuring 1.1GW Solar
Scatec ASA has successfully reached financial close for its large-scale "Obelisk" hybrid solar and battery storage project in Egypt, marking a major milestone in the country''s
Scatec reached financial close for Obelisk PV & BESS project in
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
Project Finance Brief: Scatec Secures $479 Million for
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 reaches financial close for the 1.1GW solar
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
AfDB, EBRD and BII support pioneering solar and battery storage project
(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 finalizes 1.1 GW solar + 100 MW/200 MWh
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
Egypt
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 set for 1.1 GWh of battery storage across three projects
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
Scatec reaches financial close for the 1.1GW solar
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
Financial close reached for 1.1 GW hybrid solar and battery storage
The financing amount corresponds to approximately 80% of total estimated capex of USD 590 million. The project will be constructed in two phases. The first phase of 561
Scatec Reaches Egypt''s Obelisk Hybrid Solar and BESS Project
The funds from this Obelisk Hybrid Solar and BESS Project Financial Close be provided will be utilized in the development of a 1.1 GW solar photovoltaic (PV) power plant
Scatec starts construction of large scale solar and battery storage
Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt, the energy generated from the facility to be