Egypt Commits to Green Energy With Major Solar and Wind Projects

Egypt Commits to Green Energy With Major Solar and Wind Projects

Cairo is redrawing the map of its energy future with a USD 1.6 billion (EGP 79.36 billion) handshake sealed with Norwegian developer Scatec to build a 1 gigawatt (GW) solar plant and a wind energy project, beginning an ambitious push toward shedding its reliance on natural gas and embracing the promise of renewables. The twin agreements of a USD 600 million (EGP 29.76 billion), 1-gigawatt solar plant dubbed “Obelisk” and a USD 1 billion (EGP 49.…

AfDB to provide $184.1 million for Africa’s largest solar energy and battery storage project

The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant.

AfDB Leads $476 million Loan Drive Supercharging Egypt’s Clean Energy Future - Tech

The African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD), and British International Investment (BII) have joined forces to finance the Obelisk Solar Power SAE project, a 1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh Battery Energy Storage System (BESS). This pioneering initiative will provide dispatchable clean energy, enhance grid stability, and help manage peak demand. The project is exp…

Scatec secures US$479 million for 1.1GW/200MWh hybrid project in Egypt

Independent power producer (IPP) Scatec has raised US$479 million for its Obelisk hybrid solar and battery storage project in Egypt.

AMEA Power achieves financial close for Egypt’s first ever utility-scale BESS Project

AMEA Power, one of the fastest-growing renewable energy companies in the region, has announced the financial close of the first ever utility-scale Battery Energy Storage System (BESS) project located in Egypt. The 300MWh BESS Project is an extension of AMEA Power’s operational 500MW Solar PV Plant in Aswan Governorate, Egypt, that was commissioned in December …