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Egypt Signs Major Power Purchase Agreement with Scatec for Renewable Energy

By Africazine

The Egyptian Electricity Transmission Company is making a significant move towards renewable energy with a new agreement.

The company has signed a Power Purchase Agreement with Scatec ASA for a total capacity of 1,950MW Solar and 3,900MWh Battery Energy Storage Systems. This project will establish the largest solar and battery energy storage installation in Africa.

Egypt’s Major Renewable Energy Agreement

The Power Purchase Agreement (PPA) with Scatec ASA marks a pivotal step for Egypt in its renewable energy journey. Scatec, a Norwegian power developer, will deliver an integrated solar and battery energy storage hybrid system. This system is designed to provide continuous renewable baseload power, enhancing the stability of Egypt’s energy grid.

In addition to the hybrid system, Scatec will develop two standalone battery energy storage projects. These projects aim to provide essential grid stability and support services, further solidifying Egypt’s commitment to renewable energy.

Egypt: Key figures on Solar and Battery Energy Storage

  • 1,950MW Solar capacity
  • 3,900MWh Battery Energy Storage Systems
  • 6,000 GWh of renewable energy expected annually
  • 25-year Power Purchase Agreement
  • Financial close expected in the second half of 2026

Scatec’s Role and Future Plans

Scatec will serve as the lead developer for this ambitious project, inviting additional equity partners to join. The company will also handle Engineering, Procurement and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services. Further details regarding capital expenditure and financing will be disclosed at the financial close.

Next Steps for the Project

  • Financial close expected in the second half of 2026
  • Additional equity partners to be invited by Scatec
  • Details on capital expenditure and financing structure to be disclosed

This agreement positions Egypt at the forefront of renewable energy in Africa.

Egypt Signs Major Power Purchase Agreement with Scatec for Renewable Energy

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