{"id":113446,"date":"2025-05-26T18:58:49","date_gmt":"2025-05-26T15:58:49","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=113446"},"modified":"2025-05-26T19:17:21","modified_gmt":"2025-05-26T16:17:21","slug":"egypts-first-solar-battery-storage-project-to-cut-co2-emissions-by-1-3m-tons-per-year","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/egypts-first-solar-battery-storage-project-to-cut-co2-emissions-by-1-3m-tons-per-year\/","title":{"rendered":"Egypt\u2019s first solar, battery storage project\u00a0to cut CO2 emissions by 1.3m tons per year"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">Egypt\u2019s first solar and battery storage project Obelisk Solar Power is expected to reduce the country\u2019s CO2 emissions by 1.3 million tons per year.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The project, owned by leading global renewable energy developer Scatec ASA,\u00a0 will support the green energy transition in Egypt while helping keep the grid stable and reliable in the face of growing electricity demand. It is being developed under the energy pillar of Egypt\u2019s <a href=\"https:\/\/moic.gov.eg\/page\/nwfe\">Nexus on Water, Food, Energy (NWFE)<\/a>, which was launched at COP27 in Sharm El Sheikh with the aim of unlocking the country\u2019s potential to become the leading renewable energy hub in the region.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The European Bank for Reconstruction and Development (EBRD) is supporting Egypt\u2019s renewable-energy sector by providing a $ 30 million equity bridge to Obelisk Solar Power.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The funds will contribute to the equity commitments required for the construction of a 1 gigawatt-alternating current (GWac) photovoltaic solar plant and a 200 MWh battery energy storage system (BESS) in Nagaa Hammadi. It will be one of the first hybrid renewable energy projects in Egypt and is expected to serve as a pilot for uptake of the technology in the country.<\/p>\n<div dir=\"ltr\" style=\"text-align: left;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s first solar and battery storage project Obelisk Solar Power is expected to reduce the country\u2019s CO2 emissions by 1.3 million tons per year. The project, owned by leading global renewable energy developer Scatec ASA,\u00a0 will support the green energy transition in Egypt while helping keep the grid stable and reliable in the face of [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":113447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,13332],"tags":[6087,19418,6463,14820],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Egypt\u2019s first solar, battery storage project\u00a0to cut CO2 emissions by 1.3m tons per year - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Egypt\u2019s first solar and battery storage project Obelisk Solar Power is expected to reduce the country\u2019s CO2 emissions by 1.3 million tons per year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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