Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Environment › Scatec Says Egypt Solar Project Can Save $400 Million Over LNG
Environment

Scatec Says Egypt Solar Project Can Save $400 Million Over LNG

Scatec Says Egypt Solar Project Can Save $400 Million Over LNG
Bloomberg Technology Friday 19 June 2026, 11:44 UTC By Paul Burkhardt 1 min read
Key Points

Scatec Says Egypt Solar Project Can Save $400 Million Over LNG Scatec ASA’s Obelisk solar and battery storage project in Egypt can save the country as much as $400 million a year in liquefied natural gas imports, according to Chief Executive Officer Terje Pilskog. The Norwegian developer’s roughly $600 million project is expected to become Africa’s largest hybrid solar and battery installation when completed in the middle of this year. The 1.1-gigawatt solar and 200 megawatt-hour storage...

Scatec Says Egypt Solar Project Can Save $400 Million Over LNG Scatec ASA’s Obelisk solar and battery storage project in Egypt can save the country as much as $400 million a year in liquefied natural gas imports, according to Chief Executive Officer Terje Pilskog. The Norwegian developer’s roughly $600 million project is expected to become Africa’s largest hybrid solar and battery installation when completed in the middle of this year. The 1.1-gigawatt solar and 200 megawatt-hour storage facility will supply the Egyptian Electricity Transmission Company.
Scatec (LOCATION) Egypt Solar Project Can Save (ORG) LNG Scatec (ORG) LNG Scatec ASA’s (ORG) Egypt (LOCATION) Terje Pilskog (PERSON) Norwegian (ORG) Africa (LOCATION) the Egyptian Electricity Transmission Company (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

Game changer sweets: the Bavarian start-up making sustainable ‘chocolate’ from sunflowers

Do you have a sweet tooth? Let’s dig into the world’s first cocoa-free chocolate alternative made from sunflower seeds. ‘Made in Europe’ learns the secret behind ChoViva, a Bavarian newcomer in the food industry.

Euronews 58m ago

Small forest fragments can protect more birds when the surrounding landscape is more helpful

Larger areas contain more species. This is one of the most ironclad laws of ecology, which explains why large natural areas usually receive higher priority in conservation strategies. In fragmented landscapes, this logic has also led small forest fragments to be seen as environments of lower value for biodiversity.

Phys.org 59m ago

Robin Hood’s famed Sherwood Forest 1,200-year-old oak tree declared dead

It’s not the first time the legendary oak has been declared dead. On previous occasions, fears were raised only for the tree to stubbornly leaf out again each spring. Sherwood Forest's Major Oak, the legendary ancient tree said to have sheltered Robin Hood, has died.

Euronews 1h ago

Microbes destroyed an ancient pterosaur's wingbone, then preserved it for 100 million years

More than 100 million years ago, a flying reptile called a pterosaur flew over the oceans hunting squid and fish.

Phys.org 1h ago