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Obelisk

Solar panels at Scatec's Obelisk solar-plus-storage project in Egypt

National Bank of Egypt buys into Scatec’s Obelisk solar-plus-storage project

May 6, 2026
Scatec has established an equity partnership with the National Bank of Egypt for its Obelisk 1.1GW solar and 100MW/200MWh BESS project.
Solar panels at Scatec's Obelisk solar-plus-storage project in Egypt

Scatec reaches COD on Phase 1 of 1.1GW Obelisk solar-plus-storage plant in Egypt

February 24, 2026
Independent power producer (IPP) Scatec has reached commercial operations for the first phase of its 1.1GW solar-plus-storage project in Egypt.
The 1.1GW/200MWh solar-plus-storage project will be built in two phases. Image: Scatec via LinkedIn.

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

June 16, 2025
Independent power producer (IPP) Scatec has raised US$479 million for its Obelisk hybrid solar and battery storage project in Egypt.
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