Scatec ASA signs PPA with Egyptian Electricity Transmission Company for 1.95 GW solar and 3.9 GWh BESS project in Egypt

Scatec ASA's 25-year Power Purchase Agreement with the Egyptian Electricity Transmission Company for a 1.95 GW solar PV and 3.9 GWh BESS project in Egypt establishes a substantial long-term revenue stream for the developer. This hybrid structure, integrating 1.95 GW of solar with 3.9 GWh of battery energy storage, directly addresses the intermittency inherent in solar generation, offering EETC a more stable and dispatchable power supply for Egypt's grid. The 25-year PPA term provides significant de-risking for Scatec ASA's investment in the 1950 MW capacity, ensuring predictable cash flows over a quarter-century. For EETC, the agreement secures a massive block of clean energy, enhancing grid stability and reliability across Egypt by leveraging the BESS component to firm up the solar output. This 25-year PPA in Egypt significantly advances Scatec ASA's mission to accelerate access to reliable and affordable clean energy in emerging markets, expanding its operational portfolio with a major 1.95 GW hybrid asset. As a developer, builder, owner, and operator of renewable plants, Scatec ASA solidifies its presence in Egypt with this large-scale project, announced on 2026-01-12. The Egyptian Electricity Transmission Company, responsible for Egypt's electricity transmission, benefits from integrating 1.95 GW of new generation capacity, directly supporting its mandate to connect renewable energy projects to the national grid. This agreement demonstrates EETC's strategic push to incorporate substantial renewable resources into Egypt's energy mix, leveraging the 3.9 GWh BESS to manage grid integration challenges effectively.