$479M Boost for Egypt''s First 1GW Solar-Battery
$479M Boost for Egypt''s First 1GW Solar-Battery Project by AfDB, EBRD, BII The project, to be developed by Obelisk Solar Power SAE and led by renewable energy company Scatec ASA, will be located in the Nagaa
Egyptian Solar Set to Expand Beyond the Massive 1.8
In December 2023, Scatec – which already operates 380 MW at Benban – signed a cooperation agreement with the EEHC for the development of a 1 GW solar and 200 MWh battery project, which will be the first utility scale
Egypt Solar Tenders, Government Bids, eProcurement and RFP in 2025
Latest Egypt Solar Tenders, Government Bids, RFP and other public procurement notices related to Solar from Egypt. Users can register and get updated information on Egypt Government
MENA Solar and Renewable Energy Report
In collaboration with: The Middle East and North Africa saw 2019 again confirm the growth and importance of commissioning large projects and launching additional phases of their renewable
Scatec Commences Construction of 1.1GW Obelisk Solar PV and
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
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
AMEA Power Achieves Financial Close for Egypt''s First Ever
Dubai, United Arab Emirates, 16 June 2025 – AMEA Power, one of the fastest-growing renewable energy companies in the region, has announced today the financial close of
Exciting solar and battery developments in Egypt and South Africa
Exciting developments in solar energy and battery storage are unfolding in Egypt and South Africa, marking a significant shift toward clean energy in these regions. Egypt has
Scatec Locks In $479M Financing for Egypt''s 1.1 GW Solar + 100
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
EBRD backs Egypt''s first solar and battery storage project
The project is expected to reduce Egypt''s CO2 emissions by 1,357,000 tonnes per year. Egypt is a founding member of the EBRD. Since the start of the Bank''s operations in
Scatec starts construction of large scale solar and battery storage
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
Scatec Secures Financing for Groundbreaking Hybrid
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 era for energy generation in the country.
Egypt: AfDB Approves $184.1 Million for Africa''s Largest 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
Scatec signs PPA with Egypt Aluminium for major
Oslo/Cairo, 13 March 2025: Scatec ASA, a leading renewable energy solutions provider, today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100
BII signs over $300 million in agreements to
The projects will advance Egypt''s ambition to generate 42% of its electricity from renewables by 2030. The Gulf of Suez Wind Farm and the Obelisk solar and battery storage project developed by Scatec will add over 2
Solar projects dominate in preferred bid rounds
The bid round attracted 48 responses – 40 for solar PV and eight for onshore wind – but no wind projects were successful. However, the department said additional compliant onshore wind and solar PV bidders could
Africa''s Biggest Battery-Backed Solar Project Is
The Obelisk project, a 1-gigawatt solar photovoltaic plant coupled with a 200-megawatt-hour battery storage system, represents a major step in Egypt''s push to transition to renewable energy and reduce reliance on
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.
Key Partnerships at EGYPES 2025 Propel Egypt''s
During the third day of Egypt International Energy Conference and Exhibition (EGYPES 2025) Ministry of Petroleum and Mineral Resources signed a framework agreement with the UK-based Shard Capital to establish a
BII, AfDB, EBRD to provide $479.1m for Egypt solar and battery
The project, which will be Egypt''s first integrated solar and battery storage plant of this scale, is expected to enhance grid stability and help manage peak electricity demand.
Solariz Egypt
We are Egypt''s Leading IPP (Independent Power Producer) certified company that finances, designs, installs and commissions Photovoltaic solar power plants. The first company to apply on-grid PPA (Power Purchase Agreement) in
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
Africa''s First Integrated Solar-Battery Plant Secures $479M Boost
The African Development Bank (AfDB), British International Investment (BII), and the European Bank for Reconstruction and Development (EBRD) have announced a joint
Egypt''s First Utility-Scale Battery Storage Project Reaches
AMEA Power''s commitment to Egypt''s renewable energy sector is evident, with investments exceeding $3 billion across solar, wind, and battery storage projects. The
4 FAQs about [Successful bid price of residential solar battery project in Egypt 2025]
What is Scatec – Egypt's first hybrid solar & battery project?
This project marks a significant milestone as it represents the country’s first hybrid solar and battery initiative. With an investment of approximately USD 590 million, Scatec aims to boost Egypt’s renewable energy capacity, contributing to the nation’s sustainability goals.
What is the obelisk solar and battery storage project?
The project is set to unfold in two phases, with the first phase targeting completion by mid-2026. The Obelisk solar and battery storage project will be developed in two distinct phases. The initial phase encompasses the installation of a 561 MW solar plant alongside a BESS capable of storing 100 MW/200 MWh of electricity.
How does the EBRD invest in Egypt?
The EBRD’s areas of investment in Egypt include the financial sector, agribusiness and manufacturing and services, as well as infrastructure projects in the power, municipal water and wastewater service sectors, and contributions to upgrading the transport sector.
How can solar power and battery storage improve grid stability?
The combination of solar power generation and battery storage presents numerous advantages for energy management and reliability. By integrating these technologies, Scatec is set to enhance grid stability while addressing fluctuations associated with variable renewable resources like solar energy.