PARIS, Dec. 9, 2025/ PRNewswire/– EDF power services gets in Obelisk, a hybrid job found in Egypt integrating a 1.1 GW solar plant and a 100MW/200MWh battery storage situated in the city of Nagaa Hammadi, near to Luxor.
EDF power services signed an investor arrangement with Scatec (60%), a leading renewable resource services supplier partnering with Norfund (20%), the Norwegian mutual fund for establishing nations. With this deal, EDF power services owns the staying 20% of the job business.
Obelisk’ stage 1 commissioning is prepared for the very first half of 2026 and its stage 2 for the 2nd half of the exact same year. This job will supply competitive electrical energy to the Egyptian grid through a 25-year Power Purchase Arrangement (PPA). It supports Egypt’s aspiration to reach 42GW of renewable resource by 2030.
This brand-new job marks an advance in EDF power services advancement in the nation. The business runs 2 plots in the Benban solar energy plant and is the biggest investor of KarmSolar, a leading solar energy business. EDF power services is devoted to supporting the energy shift of the nation through renewables, storage and low carbon electrical energy production possessions.
Bénédicte Regnier, EDF power services Executive VP Africa stated: “ EDF power services is enjoyed reveal this collaboration with Scatec and Norfund in Egypt After its financial investment in Benban and in KarmSolar, and alongside with appealing advancement in green hydrogen, EDF power services financial investment into the Obelisk job is another presentation of its enduring relationship with Egypt“
About EDF power services
Combining business of EDF Renewables and EDF Group International Department, EDF power services is a global energy gamer which establishes, develops and runs sustainable and low-carbon energy production centers in addition to versatile power and electrical energy transmission services.
As a significant gamer in the energy shift worldwide, EDF power services releases, within EDF, competitive, accountable and value-creating jobs. In 25 nations, our groups reveal their dedication to regional stakeholders every day, including their competence and capability for development to the battle versus environment modification.
EDF power services runs 31GW of gross set up power capability worldwide. Leveraging on its technological and business abilities in addition to regional understanding, EDF power services establishes ingenious deals, to support the relocation towards decarbonization and establish more effective electrical systems.
EDF power services provide a big variety of innovations to produce low carbon electrical energy (wind power, solar, hydraulics, biomass), boost power system versatility (battery storage, PSP, low carbon thermal hybrid service etc.) and to minimize our clients’ carbon footprint (electrical movement, hydrogen, offgrid services, mini-grids, and so on).
For more details: www.edf-powersolutions.com
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SOURCE EDF power services