EDF Power Solutions Joins a 1.1GW "Solar+battery" Project in Egypt

EDF power solutions joins a 1.1GW "solar+battery" project in Egypt

/PRNewswire/ -- EDF power solutions enters Obelisk, a hybrid project located in Egypt combining a 1.1GW solar plant and a 100MW/200MWh battery storage located...

ACWA Power, Scatec sign gigawatt-scale MENA solar-plus-storage project deals

Two major Middle East and North Africa (MENA) region projects combining solar PV and battery storage have progressed in Saudi Arabia and Egypt through ACWA Power and Scatec, respectively. Scatec signs equity deals with Norfund, EDF Norwegian renewable energy firm Scatec has signed equity deals for a solar-plus-storage project in Nagaa Hammadi, Egypt. Scatec signed two […]

EDF power solutions joins a 1.1GW "solar+battery" project in Egypt - PressReach

PARIS, Dec. 9, 2025 /PRNewswire/ — EDF power solutions enters Obelisk, a hybrid project located in Egypt combining a 1.1GW solar plant and a 100MW/200MWh battery storage located in the city of Nagaa Hammadi, close to Luxor. EDF power solutions signed a shareholder agreement with Scatec (60%), a leading renewable energy solutions provider partnering with Norfund (20%), the Norwegian investment fund for developing countries. With this transaction,…

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%.Scatec ASA has signed shareholder agreements with EDF Power Solutions and Norfund for an equity partnership in its 1.1 GW solar and 100 MW/200 MWh battery storage (BESS) hybrid project in Egypt. Following the transaction, Norfund, a Norwegian investment fund targeting develop…

France’s EDF takes 20% in Egypt's Obelisk solar project

France’s EDF Power Solutions has acquired a 20 percent stake in Egypt’s Obelisk solar power project. The Obelisk hybrid project, combining a 1.1 gigawatt (GW) solar plant and a 100MW/200MWh battery storage system, is located in the city of Nagaa Hammadi, near Luxor. The value of the stake was not given. Norwegian renewable energy producer Scatec will own a 60 percent stake in the project, while Norfund, a Norwegian investment fund for developing…

Scatec signs equity deals with Norfund and EDF power solutions

Scatec has entered into shareholder agreements with Norwegian investment fund Norfund and EDF power solutions, a global developer and operator of renewable and low-carbon power assets, to establish an equity partnership for Scatec’s Obelisk project in Egypt.