About Hybrid renewable storage tender price in Egypt 2026
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 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. Norwegian.
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 million provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank.
The project by Scatec will combine solar power generation with battery storage to boost Egypt's clean energy capacity and vision The 1 GW solar plant with a 100 MW/200 MWh battery energy storage system (BESS) will be the first of its kind in Egypt Scatec ASA, a Norwegian renewable energy firm, has.
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 has commenced construction on the Obelisk solar project, a $590 million hybrid solar power and battery storage initiative led by Norwegian renewable energy firm Scatec. Situated on the west bank of the Nile, the project will deliver a total capacity of 1.1 gigawatts (GW) of solar power and.
Norwegian renewable energy producer Scatec has started constructing its $590 million first hybrid solar power and battery storage project in Egypt. The 1.1 gigawatt (GW) Obelisk solar project, located on the west bank of the Nile, will include 200 megawatt hours (MWh) of battery storage, Egypt.
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