Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund for a grant of EUR 30 million (USD 32 million) for partial financing of the project which will have a total capex of approximately EUR 500 million (US$ 540 million).
The PtX Development Fund is established by the German Federal Ministry for Economic Cooperation and Development and KfW, and managed by KGAL, with the aim to support Power-to-X projects in developing and emerging countries. This is the first grant approved by the fund.
Country updates
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September 19, 2024
Amea Power to build 1 GW of solar, 900 MWh of storage in Egypt
Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) and an additional 300 MWh BESS in Egypt’s Aswan governorate. The...
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September 16, 2024
Scatec signs PPA for 1 GW solar and 100 MW/200 MWh battery storage project in Egypt
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...
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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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