Scatec Begins Construction on Egypt’s First Hybrid Solar and Battery Power Project
Scatec ASA has officially commenced construction of the 1.1 GW Obelisk solar power plant in Egypt, which includes a 100 MW/200 MWh battery energy storage system. Electricity generated from the project will be sold under a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), backed by a sovereign guarantee and priced in U.S. dollars. The project will be developed in two phases. The first stage, featuring 561 MW of solar capacity