12 September, Cairo/Oslo: Scatec ASA has signed a USD denominated 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt, the first of its kind in the country.
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CAIRO - 29 May 2025: Construction of the 500-megawatt Kom Ombo solar power plant project in Egypt has been completed, Chinese Ambassador to Cairo Liao Liqiang announced Thursday.
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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...
Jul 5, 2025 · Norwegian renewables company Scatec ASA (OSL:SCATC) has begun the construction of the 1.1-GW Obelisk solar project with an integrated 100 MW/200 MWh battery
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Sep 13, 2024 · "This will be the first hybrid solar and battery project in Egypt," said Scatec CEO Terje Pilskog. "We will now finalize land lease agreements, grid connection agreements and
12 September, Cairo/Oslo: Scatec ASA has signed a USD denominated 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for a 1 GW solar
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We are Egypt''s Leading IPP (Independent Power Producer) certified company that finances, designs, installs and commissions Photovoltaic
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The Suez Canal Economic Zone in Egypt recently announced significant progress in its localization plan for photovoltaic manufacturing. Walid Gamal El Din, the chairman of the
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Jun 12, 2025 · Arab Finance: The African Development Bank Group (AfDB) has approved a $184.1 million financing package to support the development of the Obelisk 1-gigawatt solar
Work is underway on a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt. The first phase of the project is scheduled for commercial operation during the first half of next year.
The first phase of the project is scheduled for commercial operation during the first half of next year. Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar and 100 MW/200 MWh battery energy storage project in Egypt. The project, billed as Egypt’s first hybrid solar and battery project, will be built in two phases.
The first will see 561 MW of solar constructed alongside 100 MW/200 MWh of battery storage, with a targeted date for commercial operation in the first half of next year. The second half of the project, comprising a further 564 MW of solar, is scheduled for completion during the second half of 2026.
Scatec has signed a mandate letter with several development financing institutions for concessional financing and expects to reach financial close with the lenders and start construction of the solar and BESS hybrid project in the first half of 2025.
We are pleased to have entered the PPA with Egyptian Electricity Transmission Company. We will now finalise land lease agreements, grid connection agreements, and financing, and prepare for construction of the project,” says Scatec CEO Terje Pilskog.
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