Scatec ASA has reached Commercial Operations Date (COD) for the second and final phase of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt, bringing the full project into commercial operation. The Obelisk project was developed in two phases. The first phase comprises 561 MW of solar capacity and the…
Scatec has signed a 15-year contract-for-difference (CfD) agreement with Romanian electricity market operator Opcom to secure pricing for almost 70% of its 190MW solar portfolio in Romania. The remaining electricity will be sold on the Romanian wholesale market. The CfD agreements were awarded during Romania’s inaugural CfD auction, financed by the EU Modernisation Fund. This…
Scatec has reached financial close for its 103 MW/412 MWh Mogobe battery energy storage system (BESS) in South Africa. The project, Africa’s first and largest standalone dispatchable BESS, is set to begin construction near Kathu in the Northern Cape. Scatec holds a 51% equity share, with Perpetua Mogobe (RF) owning 46.5%, and the Mogobe Local…