Expected ROI of hybrid solar storage project in Egypt 2026

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Expected ROI of hybrid solar storage project in Egypt 2026

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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

Scatec Secures $479 Million for Landmark Obelisk Hybrid Solar

The initial phase, comprising 561MW of solar power and 100MW/200MWh of battery storage, is slated for commercial operation in the first half of 2026. The second phase

EBRD backs 1 GW solar-plus-storage project in Egypt

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 project, which has now officially broken ground.

PROJECTS: Scatec reaches financial close for Obelisk hybrid solar

The project is being developed in two phases. The first phase, comprising 561 MW of solar capacity and 100 MW/200 MWh of battery storage, is scheduled to achieve

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''s 1GW / 200MWh solar-plus-storage project secures EBRD

The 200 MWh storage system will provide crucial grid services in Upper Egypt, a region that has historically suffered from weaker transmission infrastructure. The project is

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 starts construction of large scale solar and battery storage

The company is also in advanced discussions with potential equity partners, expected to conclude in the same timeframe. "We are proud to break ground on Egypt''s first

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

Egypt Secures $600 Million Funding for Massive 1.1 GW Solar Project

On June 15, 2025, Egypt and Norwegian renewable energy developer Scatec announced the financial close on "Obelisk" - a landmark $600 million hybrid solar and battery storage project

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

Scatec reaches financial close for the 1.1GW solar

"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

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 scheduled to reach commercial operational date (COD) in

Work starts on $590m hybrid solar power project in

The project, planned to be developed in two phases, is expected to be fully operational by the second half of 2026. The first phase will generate 561 megawatts (MW) and 200MWh of battery storage by mid-2026.

EBRD backs 1 GW solar-plus-storage project in Egypt with $30

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''s First Large-Scale Solar+Battery Project Gets A Fillip

Phased Development and Strategic Partnerships Construction for the Obelisk project began in May 2025 and will be rolled out in two phases. The first phase includes 561

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 provides $30 mln for Scatec''s Obelisk solar

The project will roll out in two phases: the first, comprising 561MW of solar and the whole battery system, is due online in early 2026; the remaining 564MW is expected later that year.

Project Finance Brief: Scatec Secures $479 Million for Solar and

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

Scatec reaches financial close for the 1.1GW solar

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. The second phase

Scatec Secures Financial Close for Egypt''s Obelisk Hybrid Solar

Scatec ASA Secures Financing for Hybrid Solar Project in Egypt Norway-based renewable energy firm Scatec ASA has officially announced financial closure for its

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.

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''s Solar-Battery Project in Egypt Reaches

Scatec CEO Terje Pilskog expressed pride in achieving this milestone, highlighting the company''s capacity to deliver large-scale hybrid projects. The project aligns with Egypt''s clean energy goals, with the first

Scatec Begins Construction on Egypt''s First Hybrid Solar and

The project will be developed in two phases. The first stage, featuring 561 MW of solar capacity and the battery system, is expected to be operational in the first half of 2026.

EBRD Supports Egypt''s First Hybrid Solar Plant

EBRD''s $30M loan boosts Egypt''s first hybrid solar-storage project in Nagaa Hammadi, cutting 1.357M tonnes of carbon emissions annually and advancing clean energy

Egypt''s 1GW / 200MWh solar-plus-storage project

Egypt: Scatec Begins Construction on Obelisk Hybrid

Renewable energy company Scatec ASA has commenced construction of a 1.1 GW solar project with 100 MW/200 MWh of accompanying battery energy storage in Egypt. Set to become the country''s first hybrid solar

Scatec reached financial close for Obelisk PV & BESS project in Egypt

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

Scatec secures $479mn financing for major solar project in Egypt

Scatec ASA finalises financing for its hybrid solar-battery Obelisk project in Egypt, securing $479.1 million from international financial institutions for a planned capacity of 1.1 GW solar and 100

Egypt: Scatec reaches financial close for the 1.1GW solar

Scatec has reached financial close for the ''Obelisk'' hybrid solar and battery storage project in Egypt. The project will be constructed in two phases. The first phase of 561