Scatec Completes 1.1 GW Obelisk Solar and Battery Storage Project in Egypt
Norwegian renewable energy developer Scatec has completed commercial operations for the second and final phase of its Obelisk solar-plus-storage project in Egypt, bringing the full 1.1 GW facility into operation.
Located in Upper Egypt, the project combines 1.1 GW of solar photovoltaic capacity with a 100 MW/200 MWh battery energy storage system (BESS).
Scatec describes Obelisk as Africa’s largest hybrid solar and battery installation.
The project was developed in two phases. The first phase comprises 561 MW of solar capacity and the full 100 MW/200 MWh battery system, while the second phase added another 564 MW of solar capacity.
The first phase reached commercial operations in February 2026, followed by the completion of the second phase in August.
The project represents an estimated investment of $590 million, with approximately $479 million in non-recourse financing provided by the European Bank for Reconstruction and Development, African Development Bank and British International Investment.
Electricity generated by Obelisk will be supplied to the Egyptian Electricity Transmission Company (EETC) under a 25-year, US-dollar-denominated power purchase agreement.
Once fully operational, the project is expected to generate more than 3,000 GWh of clean electricity annually and avoid more than 1.2 million tonnes of CO₂-equivalent emissions each year.
The battery storage component will allow electricity generated from the solar plant to be stored and dispatched when required, supporting greater flexibility in Egypt’s electricity system and complementing variable renewable generation.
Scatec reached financial close for the project in June 2025 and began construction the following month.
The rapid development of the facility reflects the growing deployment of large-scale renewable energy and battery storage projects across Africa.
The completion of Obelisk adds significant renewable generation capacity to Egypt’s power system while demonstrating the potential for combining utility-scale solar with battery storage to improve the reliability and flexibility of clean electricity supply.