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Scatec's Solar Project in Egypt Starts Commercial Operations

MT Newswires·08/12/2026 02:41:47
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02:41 AM EDT, 08/12/2026 (MT Newswires) -- Norway-listed renewable energy group Scatec (SCATC.OL) said Wednesday its Obelisk solar and battery storage project in Egypt reached full commercial operations after completing the second phase. The first phase of the project included 561 megawatts of solar capacity and a total of 100 MW/200 megawatt-hours of battery energy storage. The recently completed second phase added 564 MW of solar capacity. Scatec is the controlling shareholder of the project, with National Bank of Egypt, Norfund and EDF Power Solutions as minority equity partners.