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Scatec ASA secures $479.1 million financing for the Obelisk hybrid solar and BESS project in Egypt.

Jun 15, 2025•about 1 year ago

Contract Type

contract

RomaniaEnergyRenewable EnergyBiomass Energy

Description

Scatec ASA has reached financial close for its Obelisk hybrid solar and battery energy storage system project in Egypt, with financing led by EBRD, AfDB, and BII. This is a significant step towards achieving Egypt's clean energy goals, with commercial operation expected in 2026.

Company Information

Company

Scatec ASA

Location

Romania

About

Scatec ASA is a leading renewable energy solutions provider with a global track record within renewable energy auctions.

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