Africazine:
Egypt is making strides in renewable energy with the launch of a major hybrid solar and battery project.
Scatec ASA has officially begun operations for the first phase of its 1.1 GW Obelisk project, which includes 561 MW of solar capacity and a 100 MW 200 MWh battery storage system. This initiative marks a significant step towards enhancing Egypt’s renewable energy landscape.
Obelisk Project Sets New Standards in Renewable Energy
The Obelisk project is being developed in two phases. The first phase, now operational, features 561 MW of solar capacity alongside a 100 MW 200 MWh battery energy storage system. Phase two will add an additional 564 MW of solar capacity and is currently under construction, with a Commercial Operations Date anticipated in the summer of 2026.
Scatec’s CEO, Terje Pilskog, emphasized the project’s rapid progress since the power purchase agreement was signed in September 2024. This achievement showcases Scatec’s ability to manage large-scale projects efficiently, aligning with Egypt’s goals to expand its renewable energy capacity and improve energy security.
Egypt: Key figures on Obelisk Project
- 561 MW of solar capacity operational
- 100 MW 200 MWh battery storage operational
- 1.1 GW total capacity at full completion
- Expected to generate more than 3,000 GWh of clean electricity annually
- Projected to abate over 1.2 million tonnes of CO2e emissions each year
- 25-year USD denominated power purchase agreement signed
- 60% economic interest held by Scatec
Future Developments in Egypt’s Renewable Energy Sector
As the second phase of the Obelisk project progresses, Scatec is in advanced discussions with potential equity partners to further enhance the project’s capacity. The successful completion of this project will solidify Egypt’s position as a leader in renewable energy in Africa.
Next Steps for the Obelisk Project
- Completion of phase two construction expected in summer 2026
- Continued discussions with additional equity partners
Egypt’s Obelisk project is set to redefine renewable energy in Africa.
