About Successful bid price of battery storage container project in Egypt 2026
Scatec has reached financial close on its $590 million “Obelisk” hybrid solar and battery project in Egypt.
Scatec has reached financial close on its $590 million “Obelisk” hybrid solar and battery project in Egypt.
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 Reconstruction and Development (EBRD), African Development Bank (AfDB), and British.
Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The energy guarantee. The project will be constructed in two phases. The first phase of 561 MW solar + second half of 2026. period. A USD 90 million EBL will be provided by The Arab Energy Fund with first quarter 2027. terms, with.
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. Obelisk energy will be sold to EETC under a 25-year USD PPA supported by Egypt’s sovereign guarantee. Image Source: Scatec ASA.
The Nagaa Hammadi-based Obelisk hybrid solar and battery storage project by Scatec is estimated at USD 590 million. Norway-based renewable energy company Scatec ASA has announced the financial close for its landmark Obelisk hybrid solar and battery storage project in Nagaa Hammadi, Qena.
Home Business Scatec secures $479.1 mln from AfDB, BII, and EBRD for Egypt’s largest.British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) have jointly committed $479.1 million in blended finance to Obelisk.
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-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), backed by.
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