Key Takeaways
- Scatec expands renewable energy investments in Egypt with solar and battery storage agreements.
- The company signed a 25-year Power Purchase Agreement for 1.95 gigawatts of solar capacity and 3.9 gigawatt-hours of battery storage.
- The total project value exceeds $1.8 billion and will enhance Egypt’s renewable energy infrastructure.
- Scatec will manage engineering, procurement, construction, and asset management for the projects.
- These developments strengthen long-term cooperation between Egypt and Norway in the renewable energy sector.
Scatec renewable energy investments in Egypt are increasing through new solar and battery storage agreements. The Norway-based company signed major energy deals with Egyptian authorities. The projects aim to expand clean power capacity and strengthen grid stability.
Major Solar and Storage Agreement Signed
Scatec signed a Power Purchase Agreement with the Egyptian Electricity Transmission Company. The agreement covers 1.95 gigawatts of solar capacity. It also includes 3.9 gigawatt-hours of battery energy storage systems. The contract period is 25 years.
The facilities will combine solar generation with battery storage technology. The hybrid model allows electricity supply beyond daylight hours. The storage systems support grid reliability and continuous energy delivery.
Project Value and Development Scope
The total value of related agreements exceeds $1.8 billion. The projects include large-scale solar plants supported by energy storage capacity. Agreements were signed in the presence of Egyptian officials.
Scatec will oversee engineering, procurement, and construction. The company will also manage operations, maintenance, and asset management. Payments under the agreement are linked to electricity production.
Strengthening Egypt’s Renewable Energy Sector
Egypt continues to expand its renewable energy infrastructure. The country’s geographic location supports large-scale solar generation. Energy projects also support long-term cooperation between Egypt and Norway.
Scatec already operates in Egypt’s renewable market. The new developments increase its footprint in the country. Solar power and battery storage remain central to the company’s expansion plans.
