- 561 MW of solar and 100 MW 200 MWh battery storage now operational.
- Project to become Africa’s largest hybrid solar and battery plant at full 1.1 GW capacity.
- 25-year USD denominated PPA signed with Egyptian Electricity Transmission Company.
Scatec ASA has reached Commercial Operations Date for the first phase of its 1.1 GW Obelisk solar and 100 MW 200 MWh battery energy storage project in Egypt, marking a major milestone for one of Africa’s most significant hybrid renewable energy developments.
The Obelisk project is being developed in two phases. Phase one comprises 561 MW of solar capacity together with the full 100 MW 200 MWh battery energy storage system. Phase two will add a further 564 MW of solar capacity and is currently under construction, with Commercial Operations Date expected in the summer of 2026.
Terje Pilskog, CEO of Scatec, said the project has progressed at record pace since the signing of the power purchase agreement in September 2024, highlighting the company’s integrated delivery model and construction capabilities. He added that the achievement underlines Scatec’s ability to deliver large scale and complex projects ahead of schedule and within budget, while supporting Egypt’s ambitions to expand renewable energy capacity and enhance energy security.
Once fully operational, Obelisk is expected to become Africa’s largest hybrid solar and battery installation. The project is projected to generate more than 3,000 GWh of clean electricity annually and abate over 1.2 million tonnes of CO2e emissions each year.
Electricity generated from the facility will be supplied to the Egyptian Electricity Transmission Company under a 25-year US$ denominated power purchase agreement, providing long term revenue visibility.
Scatec currently holds a 60% economic interest in the project and is in advanced discussions with additional equity partners.
Author: Bryan Groenendaal
