Obelisk solar and BESS project, South Africa – update
Name of the Project
Obelisk solar and BESS project.
Location
Egypt.
Project Owner/s
Renewable-energy systems provider Scatec.
Project Description
The project entails the construction of a 1.1 GW solar and 100 MW/200 MWh BESS project.
The project will be built in two phases.
The first phase comprises 561 MW of solar and 100 MW/200 MWh BESS and the second phase 564 MW of solar.
Once fully operational, Obelisk is expected to be Africa’s largest hybrid solar-plus-storage installation, supplying electricity to the Egyptian Electricity Transmission Company under a 25-year, USD-denominated power purchase agreement, with projected output of over 3 000 GWh/y.
Potential Job Creation
Not stated.
Capital Expenditure
$590-million, to be partly financed by a targeted 80% nonrecourse long-term project debt.
Planned Start/End Date
Construction started in May 2025.
The first phase of the project is targeted to reach its commercial operational date (COD) in the first half of 2026.
Phase 2 is expected to reach its COD in the second half of 2026.
Latest Developments
Scatec has reached COD for Phase 1 of the Obelisk project.
The second phase remains under construction and is targeted to achieve COD in summer 2026.
Key Contracts, Suppliers and Consultants
Scatec (engineering, procurement and construction asset management; as well as operations and maintenance services).
Contact Details for Project Information
Scatec, tel +47 480 85 500 or email post@scatec.com.
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