The first phase of the Obelisk solar and battery project in Egypt has successfully commenced operations according to Scatec. Scatec is responsible for the 1.1GW Obelisk solar and 100MW/200MWh battery storage project in Egypt. The power project is being implemented in two phases, with the first phase already operational. The first phase entails 561MW of solar capacity. Moreover, it includes 100MW/200MWh battery energy storage.

On the other hand, the second phase adds an additional 564MW of solar capacity. The second phase is currently under construction and is expected to commence operations during the summer of 2026. “Obelisk is being built at record pace since the signing of the PPA in September 2024. It is a testament to our integrated approach and the unparalleled execution power of our construction team.

This demonstrates our ability to execute large complex projects ahead of schedule and on budget. We also look forward to continuing supporting Egypt’s ambitions to increase renewable energy capacity and strengthen energy security,” noted Terje Pilskog, CEO of Scatec. Another similar project is Infinity Power’s 200MW Ras Ghareb wind power project.

Significance of the Obelisk Solar and Battery Project Once Fully Operational

Once fully operational, the Obelisk solar and battery project is expected to be of monumental significance in Egypt and Africa. For instance, it is expected to be Africa’s largest hybrid solar and battery project. Moreover, it will have an expected abatement of more than 1.2 million tonnes of CO2e emissions per year. It is also projected to deliver over 3,000 GWh of clean energy annually.

The power will be supplied to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement (PPA) denominated in USD. Scatec currently holds a 60% economic interest in the power plant and is in advanced discussions with additional equity partners. The company provides Engineering, Procurement, and Construction (EPC) services. Moreover, it also provides Asset Management (AM) and Operations & Maintenance (O&M) services for the project.

 

Project Factsheet

• Project Name: Obelisk Solar and Battery Project.
• Type of Project: Solar power and battery energy storage project.
• Location: Egypt
• Developer/Owner: Scatec
• Offtaker: Egyptian Electricity Transmission Company (EETC)
• Cumulative Intended Capacity: 1.1GW solar and 100MW/200MWh battery storage.

Overview

• Massive hybrid renewable energy initiative that incorporates solar and battery storage.
• Constructed to provide clean power to the national grid
• Introduced in two phases to enable quick deployment and also grid stability.

Development Phases

• Phase One: 561MW of solar capacity and 100MW/200MWh battery energy storage (operational)
• Phase Two: 564MW more solar capacity is under construction.
• Second phase is also projected to start operating in summer 2026.

Power Purchase Agreement

• Electricity to be supplied to EETC under USD-based 25-year PPA.
• Also facilitates the integration of renewable energy and long-term energy security in Egypt.

Ownership and Delivery Structure.

• Scatec has an economic interest in the project of 60 percent.
• Engineering, Procurement, and Construction (EPC) company.
• Also offering Asset Management (AM) and Operations and Maintenance (O&M) services.

Project Status

• First phase operational
• Second phase in construction.
• Further negotiations with other prospective equity partners.
• Environmental and Energy Impact.
• It is projected to produce over 3,000 GWh of clean energy in a single year of full operation.
• Estimated to reduce more than 1.2 million tonnes of CO2e emissions annually.

Strategic Significance

• Placed to be the largest hybrid solar battery energy project in Africa.
• Also promotes grid resiliency and renewable energy development in Egypt.
• Furthermore, it shows massive rollout of integrated solar and storage systems in Africa