Scatec reaches financial close for Obelisk hybrid solar and BESS project in Egypt

AfDB Leads $476 million Loan Drive Supercharging Egypt’s Clean Energy Future - Tech

The African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD), and British International Investment (BII) have joined forces to finance the Obelisk Solar Power SAE project, a 1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh Battery Energy Storage System (BESS). This pioneering initiative will provide dispatchable clean energy, enhance grid stability, and help manage peak demand. The project is exp…

Scatec secures US$479 million for 1.1GW/200MWh hybrid project in Egypt

Independent power producer (IPP) Scatec has raised US$479 million for its Obelisk hybrid solar and battery storage project in Egypt.

AMEA Power achieves financial close for Egypt’s first ever utility-scale BESS Project

AMEA Power, one of the fastest-growing renewable energy companies in the region, has announced the financial close of the first ever utility-scale Battery Energy Storage System (BESS) project located in Egypt. The 300MWh BESS Project is an extension of AMEA Power’s operational 500MW Solar PV Plant in Aswan Governorate, Egypt, that was commissioned in December …

Scatec Secures $479 Million for Egypt’s Large-Scale Solar+Battery

The Nagaa Hammadi-based Obelisk hybrid solar and battery storage project by Scatec is estimated at USD 590 million.

Scatec Finalizes Financing For Obelisk Project Featuring 1.1GW Solar And 100MW/200MWh Energy Storage System

Scatec ASA has successfully reached financial close for its large-scale “Obelisk” hybrid solar and battery storage project in Egypt, marking a major milestone in the country’s renewable energy development. The […] The post Scatec Finalizes Financing For Obelisk Project Featuring 1.1GW Solar And 100MW/200MWh Energy Storage System appeared first on SolarQuarter.