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 second phase, comprising 564 MW of solar, is scheduled for the second half of 2026. Electricity from the project will be sold under a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), supported by a sovereign guarantee.
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 the first half of 2026 and the second phase of 564 MW solar in the second half of 2026.
Our standardized solar power and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
The Egyptian Electricity Transmission Company has signed PPAs with Scatec and AMEA Power for a combined 2 GW of solar power and large-scale battery storage projects.
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 …
Earlier in December, Scatec signed shareholder agreements with Norfund and renewable energy developer EDF Power Solutions to partner on the Obelisk hybrid project in …
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, …
The project is the first of its kind in Egypt and is part of a wider program to add 4 gigawatts of clean energy to the country’s electricity system. The battery and solar plant are …
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. …
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 …
PARIS, Dec. 9, 2025 /PRNewswire/ -- EDF power solutions enters Obelisk, a hybrid project located in Egypt combining a 1.1GW solar plant and a 100MW/200MWh battery storage …
Corporate partners include Chinese solar giant JA Solar, United Arab Emirates-based Global South Utilities, Bahrain’s Infinity Capital, and Egypt’s AH for Industrial …
Obelisk is Scatec’s largest project to start construction to date and combines solar and batteries to deliver stable and cost competitive renewable energy to support Egypt’s …
EDF power solutions has acquired a 20% stake in the Obelisk hybrid project near Luxor, a 1.1 GW solar plant with 100 MW/200 MWh battery storage.
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