Norway-based renewable energy solutions provider Scatec has successfully reached Commercial Operations Date (COD) for the first phase of its landmark 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt — marking a historic milestone for the continent’s clean energy landscape.
The first phase comprises 561 MW of solar capacity and the full 100 MW/200 MWh battery energy storage system. The second phase, which will add a further 564 MW of solar capacity, is currently under construction and is expected to reach COD during the summer of 2026.
Once fully operational, the Obelisk project will become Africa’s largest hybrid solar and battery installation, projected to deliver over 3,000 GWh of clean energy annually and abate more than 1.2 million tonnes of CO2 equivalent emissions per year. All power generated will be supplied to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement (PPA) denominated in US dollars.
“Obelisk is being built at record pace since the signing of the PPA in September 2024, which is a testament to our integrated approach and the unparalleled execution power of our construction team,” said Terje Pilskog, CEO of Scatec. “This demonstrates our ability to execute large complex projects ahead of schedule and on budget.” Scatec currently holds a 60% economic interest in the plant and is in advanced discussions with additional equity partners.
Source: energy-pedia.com