#Renewable Energy #Egypt #EDF Power Solutions #Obelisk Project #Nagaa Hammadi

EDF Power Solutions Partners with Scatec and Norfund in Egypt

In an exciting development for renewable energy in Egypt, EDF Power Solutions has entered into a partnership to establish the Obelisk project, comprising a substantial 1.1GW solar power plant along with a battery storage facility. This initiative, located in Nagaa Hammadi near Luxor, reflects EDF's commitment to enhancing the country's renewable energy landscape.

The project emerges from a shareholder agreement among EDF Power Solutions, Scatec, and Norfund. Scatec will hold a 60% stake in this hybrid project, while Norfund will possess 20%. EDF Power Solutions secures the remaining 20%, marking a significant investment in the renewable energy sector of Egypt.

Project Timeline and Goals

The Obelisk project is poised for significant milestones, with phase one's commissioning expected in the first half of 2026 and phase two following later that year. The ambitious plan aims to facilitate competitive electricity delivery to the Egyptian grid through a 25-year Power Purchase Agreement (PPA). This project also aligns with Egypt's ambitious target of achieving 42GW of renewable energy capacity by the year 2030.

Bénédicte Regnier, Executive Vice President Africa at EDF Power Solutions, expressed enthusiasm about this endeavor, stating, "We are thrilled to partner with Scatec and Norfund in Egypt. Following our investments in the Benban Solar Park and KarmSolar, this new venture underlines our commitment to supporting Egypt's energy transition through renewable sources."

EDF's Commitment to Renewable Energy

EDF Power Solutions is not a newcomer to the Egyptian renewable energy scene. The company already plays a significant role by operating two plots in the Benban solar power plant, one of the largest solar energy installation sites in the world, and is the primary shareholder of KarmSolar, a leading solar utility provider."

In light of these investments, EDF is dedicated to fostering sustainable energy transitions in Egypt using renewable technologies and efficient energy solutions. As a key global player in the energy transition movement, EDF Power Solutions works in 25 countries, offering expertise and innovation in addressing climate change.

Embracing Diverse Energy Solutions

The company is noted for its capacity in developing projects that encompass a range of technologies to generate low-carbon electricity. This includes solutions in wind power, hydroelectricity, and biomass, coupled with efforts to enhance system flexibility through battery storage and hybrid thermal solutions, poised to mitigate carbon footprints.

Moreover, EDF Power Solutions remains committed to exploring innovative solutions such as electrical mobility and green hydrogen to align with modern energy demands.

Conclusion

The Obelisk project stands as a testament to EDF Power Solutions' pivotal role in Egypt's renewable energy journey. By combining solar power with cutting-edge battery storage technology, this project not only supports local energy needs but also contributes significantly to global efforts against climate change. As the commissioning dates for the project approach, all eyes will be on how it reshapes Egypt's energy landscape for the future.

For further insights on EDF Power Solutions and its initiatives, visit www.edf-powersolutions.com and follow their updates on LinkedIn.