Africazine:
Egypt is on the verge of a renewable energy revolution with a landmark solar project.
The country will host Africa’s largest integrated solar and battery storage project, following a significant agreement with Norwegian company Scatec. This deal involves a 1.95-gigawatt solar power plant and 3.9-gigawatt-hour battery energy storage systems, marking Scatec’s largest investment in Africa.
Egypt’s Major Solar Power Initiative
The agreement establishes a long-term power purchase agreement with the Egyptian Electricity Transmission Company, ensuring electricity sales for the next 25 years. Payments will be made in U.S. dollars, highlighting the project’s financial stability.
Scatec’s innovative hybrid system is designed to provide uninterrupted renewable energy around the clock. The project aims to generate approximately 6,000 gigawatt-hours of renewable energy annually, significantly contributing to Egypt’s energy needs.
Key Features of the Project
This initiative includes two independent battery storage systems to enhance grid resilience. The goal is to ensure a consistent electricity supply for both industrial and residential areas, supporting Egypt’s energy transition and reducing reliance on fossil fuels.
Scatec will manage engineering, procurement, and construction, as well as operations and maintenance. The company plans to involve additional equity partners, with further financing details expected in the latter half of 2026.
Next Steps for Egypt’s Renewable Energy Project
- Final project financing details to be disclosed in the second half of 2026.
- Involvement of additional equity partners in the project.
Egypt is setting a new standard for renewable energy in Africa with this groundbreaking project.
