solar diesel hybrid storage project financing options in Egypt 2025

What is a hybrid energy project in Egypt?

It will be one of the first hybrid renewable energy projects in Egypt and is expected to serve as a pilot for uptake of the technology in the country. The project will support the green energy transition in Egypt while helping keep the grid stable and reliable in the face of growing electricity demand.

Could battery storage be a game-changer for Egypt's energy sector?

The integration of battery storage with solar PV is a game-changer for Egypt’s energy sector, providing reliable and dispatchable renewable energy and reducing reliance on fossil fuels. It not only meets Egypt’s current energy needs but also sets a precedent for future dispatchable hybrid renewable energy projects in the region.”

How does solar power work in Egypt?

It takes Egypt’s green energy transition to another level by harnessing the power of the sun, not just during the day but also at night, thanks to the combination of solar and battery storage. The project addresses the growing demand for electricity and reduces the need to import expensive fossil fuels.

How does the EBRD invest in Egypt?

The EBRD’s areas of investment in Egypt include the financial sector, agribusiness and manufacturing and services, as well as infrastructure projects in the power, municipal water and wastewater service sectors, and contributions to upgrading the transport sector.

What is Scatec's new integrated power plant?

The integrated power plant will be developed by Scatec, a leading renewable energy solutions provider, and built in two phases. The first phase, with 561 MW of solar and 100 MW/200 MWh of battery storage, aims to start operations in the first half of . The second phase, with 564 MW of solar, aims to start operations in the second half of .

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. The project combines large-scale solar with battery storage capabilities.

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. The project combines large-scale solar with battery storage capabilities.

The Obelisk project in Egypt continues to advance, with new funding from the European Bank for Reconstruction and Development (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

The European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII), the United Kingdom’s development finance institution and impact investor, are providing a total of US$ 479.1 million to Obelisk Solar Power SAE, a

Oslo/Cairo, 15 June : 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 million provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank

Exciting news is coming out of Egypt as Scatec ASA hits a major milestone with the financial close of its “Obelisk” hybrid solar and battery storage project. This landmark venture is set to make waves in the renewable energy sector, marking a pivotal step forward for sustainable energy in Africa.

Egypt has secured $479.1 million in blended financing from three major development finance institutions to support its first large-scale integrated solar photovoltaic (PV) and battery storage project. The 1 GW Obelisk Solar Power plant, located in the Nagaa Hammadi region, will include a 200 MWh

The European Bank for Reconstruction and Development (EBRD) has announced a $30m equity bridge loan to Obelisk Solar Power, a special purpose vehicle owned by Scatec ASA, a global leader in renewable energy and a long-term strategic partner of the Bank. The financing will support the equity

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

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.

EBRD, AFDB and BII support pioneering solar and

This is a major milestone in the implementation of the EU-Egypt Strategic Partnership. This particular project is a concrete example of a fruitful collaboration between the EU and the EBRD for supporting green transition in

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

Scatec reaches financial close for the 1.1GW solar

It proves our ability to deliver large-scale hybrid projects. We are proud to partner with leading development finance institutions to support Egypt’s clean energy ambitions, and we look forward to delivering this important

Scatec Secures Funding for Ambitious 1.1GW Solar and 100MW

The financing encompasses nearly 80% of the total estimated capital expenditure (capex) of 0 million. This innovative solution aims to tackle the growing energy

Scatec Finalizes Financing For Obelisk Project Featuring 1.1GW

The Obelisk project strengthens Scatec’s position as a key player in the global clean energy transition and reinforces Egypt’s ambitions to scale up its renewable energy

Egypt’s first large-scale solar and battery project secures $479

Egypt has secured $479.1 million in blended financing from three major development finance institutions to support its first large-scale integrated solar photovoltaic

Scatec signs PPA with Egypt Aluminium for major

Oslo/Cairo, 13 March : Scatec ASA, a leading renewable energy solutions provider, today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100

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

Egypt’s 1.1 GW Obelisk hybrid solar and storage project, led by Scatec, has secured $479.1 million in funding from EBRD, AfDB and BII, covering 80% of total costs.

Egypt: Solar energy, battery storage facility to be built next year

Construction on a solar and battery storage hybrid project in Egypt is set for the first half of . The project will encompass a 1GW solar and 100MW (200MWh) battery