EDF Power Solutions has entered the Obelisk project in Egypt, a hybrid energy development combining a 1.1GW solar power plant with a 100MW/200MWh battery storage
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Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar, 100 MW/200 MWh battery energy storage project in
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Scatec ASA achieves financial close for the "Obelisk" hybrid solar and battery storage project in Egypt, securing USD 479.1 million in non-recourse project financing. Stay
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Egypt''s renewable energy sector is taking another major leap forward with a new landmark agreement. A powerful consortium, including Infinity Power and Hassan Allam
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EDF Power Solutions has entered the Obelisk project in Egypt, a hybrid energy development combining a 1.1GW solar power plant with a
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Oslo-based Scatec ASA says it will retain majority ownership in Egypt''s 1.1 GW solar and 100 MW/200 MWh Obelisk project, with EDF Power Solutions taking 20% and Norfund 25%.
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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 storage
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Scatec ASA has officially commenced construction on its landmark 1.1 GW Obelisk solar power project in Egypt, which includes an
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Scatec ASA has officially commenced construction on its landmark 1.1 GW Obelisk solar power project in Egypt, which includes an integrated 100 MW/200 MWh battery energy
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Oslo/Cairo, 05 May 2025: Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt.
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In Egypt, that means expanding our work beyond standalone generation to integrated solutions combining solar, storage, and grid upgrades, ensuring clean energy
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Oslo/Cairo, 05 May 2025: Scatec ASA has commenced construction of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The energy will be sold under a USD
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The project aims to build a 1 GW solar and 100 MW/200 MWh storage hybrid project in Egypt. Scatec''s CEO, Terje Pilskog, stated, "This will be Egypt''s first hybrid solar
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Norwegian renewables developer Scatec has broken ground on its 1.1 GW solar, 100 MW/200 MWh battery energy storage project in Egypt. The project, billed as Egypt''s first
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The global utility-scale photovoltaic market is experiencing significant growth in Southern Africa, with demand increasing by over 400% in the past five years. Large-scale solar farms now account for approximately 70% of all new renewable energy capacity additions in the region. South Africa leads with 65% market share in the SADC region, driven by REIPPPP (Renewable Energy Independent Power Producer Procurement Programme) and corporate PPAs that have reduced levelized electricity costs by 60-70% compared to traditional power sources. The average project size has increased from 10MW to over 50MW, with standardized EPC approaches cutting installation timelines by 65% compared to traditional solutions. Emerging technologies including bifacial modules and single-axis tracking have increased energy yields by 25-35%, while manufacturing innovations and local content requirements have created new economic opportunities across the solar value chain. Typical utility-scale projects now achieve payback periods of 4-6 years with levelized costs below $0.04/kWh.
Containerized energy storage solutions are revolutionizing power management across Southern Africa's industrial and commercial sectors. Mobile 20ft and 40ft BESS containers now provide flexible, scalable energy storage with deployment times reduced by 80% compared to traditional stationary installations. Advanced lithium-ion technologies (NMC and LFP) have increased energy density by 40% while reducing costs by 35% annually. Intelligent energy management systems now optimize charging/discharging cycles based on real-time electricity pricing, increasing ROI by 50-70%. Safety innovations including advanced thermal management and integrated fire suppression have reduced risk profiles by 90%. These innovations have improved project economics significantly, with commercial and industrial energy storage projects typically achieving payback in 3-5 years through peak shaving, demand charge reduction, and backup power capabilities. Recent pricing trends show standard 20ft containers (500kWh-1MWh) starting at $180,000 and 40ft containers (1MWh-2.5MWh) from $350,000, with flexible financing including lease-to-own and energy-as-a-service models available.