Norwegian developer Scatec ASA has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 1 GW solar and 100 MW/200 MWh battery storage hybrid project in Egypt.
Scatec has signed a mandate letter with several development financing institutions for concessional financing and expects to reach a financial close with the lenders and start construction of the solar and BESS hybrid projects in the first half of 2025. Scatec will provide Engineering, Procurement & Construction (EPC), Asset Management (AM) and Operations & Maintenance (O&M) services for the project.
Country updates
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August 23, 2024
Masdar signed Power Purchase Agreement for 200 MW wind farm in Egypt
Masdar, and Infinity Power, have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy generated by a 200...
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July 17, 2024
Offtake agreement signed for 100 MW Hydrogen Project in Egypt
Scatec ASA’s Egypt Green Hydrogen project, in partnership with Fertiglobe, Orascom Construction has secured a green ammonia offtake agreement with Hintco.
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January 12, 2024
Land Agreement signed for 1.1 GW Onshore Wind project in Egypt
Hassan Allam Utilities and ACWA Power have signed a 25-year land usufruct agreement with Egypt’s New and Renewable Energy Authority for a 1.1 GW Wind Energy project in Egypt.
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December 27, 2023
MoU signed to develop 10 GW solar energy project in Egypt
China Electric Power Equipment and Technology Co. (CET) has signed a memorandum of understanding (MOU) with the Egyptian government to develop a 10 GW solar energy project. The MOU inked by Egypt's N...
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December 21, 2023
USD 4 billion Agreement signed for green hydrogen project in Egypt
ACWA Power has signed a framework agreement for the development of the first phase of the green hydrogen project in Egypt. ACWA Power, in collaboration with The Sovereign Fund of Egypt (TSF...
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