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EDF Power Solutions to take 20% stake in Scatec solar-storage project in Egypt Oslo-based Scatec ASA says it will retain majority ownership in Egypt’s 1.1 GW solar and 100 MW/200 MWh Obelisk project, with EDF Power Solutions taking 20% and Norfund 25%.
Blathnaid O’Dea
Dec 09, 2025
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Scatec’s investment portfolio in Egypt valued at $3.6 billion Norwegian renewables company Scatec is developing a series of projects in Egypt under the country’s flagship climate action program, including two gigawatt-scale solar-plus-storage sites.
Patrick Jowett
Sep 17, 2025
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Scatec secures PPA for Africa’s largest solar-plus-storage project Scatec has inked a 25-year power purchase agreement in Egypt for a 1.95 GW solar, 3.9 GWh battery energy storage project, representing the developer’s largest investment to date.
Patrick Jowett
Jan 12, 2026
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Scatec starts building 120 MW of solar in Tunisia Construction of the 120 MW Sidi Bouzid II solar plant in Tunisia is now underway after the €96 million ($110.1 million) project reached financial close.
Patrick Jowett
Jun 18, 2026
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Scatec switches on 273 MW of solar in South Africa Norway’s Scatec has reached commercial operations of a 273 MW solar project in South Africa, the first to be completed from the country’s fifth bid window of its renewable energy procurement programme and the company’s first in the Western Cape province.
Patrick Jowett
Dec 08, 2025
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Egypt’s National Bank takes 20% stake in Scatec’s Obelisk project National Bank of Egypt has acquired a 20% equity interest in Scatec ASA’s 1.1 GW Obelisk solar and battery energy storage system (BESS) project, reducing the Norwegian developer’s economic interest to 40% while leaving it in majority control through a layered ownership structure.
Brian Publicover
May 06, 2026
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The Hydrogen Stream: Scatec-led 100-MW green project in Egypt to step operations in the coming months The consortium expects to reach Final Investment Decision (FID) on the full-scale project in the Ain Sokhna Industrial Zone in the coming months, while Brazil’s Federal Court provisionally ordered the suspension of construction activities of Solatio’s project in the State of Piauí.
Sergio Matalucci
Jan 16, 2026
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Inside the financing of Egypt’s largest solar‑plus‑storage project Norwegian developer Scatec ASA has commissioned the first phase of the 1.1 GW Obelisk solar and battery energy storage system (BESS) project in Egypt, backed by $479.1 million in development finance institution (DFI) debt and a fully contracted storage revenue model.
Brian Publicover
Apr 17, 2026
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