EBRD, AFDB and BII support pioneering solar and battery
On completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, and a significant milestone in the country''s energy transition.
This project marks a significant milestone as it represents the country's first hybrid solar and battery initiative. With an investment of approximately USD 590 million, Scatec aims to boost Egypt's renewable energy capacity, contributing to the nation's sustainability goals.
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.”
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.
The project is set to unfold in two phases, with the first phase targeting completion by mid-2026. The Obelisk solar and battery storage project will be developed in two distinct phases. The initial phase encompasses the installation of a 561 MW solar plant alongside a BESS capable of storing 100 MW/200 MWh of electricity.
PDF version includes complete article with source references.
Get technical specifications, application guides, and ROI analysis tools for containerized microgrid solutions, mobile energy storage containers, and portable power systems.
15 Industrialna Street, Włochy District
Warsaw, Poland 02-492
Sales & General: +48 22 824 4067
Technical Support: +48 607 809 270
Monday - Friday: 8:00 AM - 6:00 PM CET
Saturday: 8:00 AM - 2:00 PM CET