Scatec signs landmark PPA in Egypt for 1.95 GW Solar and 3.9 GWh BESS capacity
1.95 GW
Capacity
development
Stage
Scatec ASA will sell 1.95 GW of solar power coupled with 3.9 GWh of battery energy storage to the Egyptian Electricity Transmission Company (EETC) under a power purchase agreement (PPA). The landmark deal will provide clean energy to Egypt, with operations expected to commence by January 2026.
Deal Analysis
Scatec's signing of a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 1.95 GW solar and 3.9 GWh Battery Energy Storage System (BESS) project in Egypt represents a significant investment in renewable energy infrastructure. This landmark deal, the largest in Scatec's history, underscores the growing demand for reliable and sustainable energy solutions in Africa. The project is structured to deliver continuous, around-the-clock renewable baseload power through an integrated solar and BESS hybrid system, alongside two standalone BESS projects focused on grid stability.
The deal's scale and innovative approach, combining solar generation with substantial battery storage, position it as a potential model for future renewable energy projects in the region. Scatec's expertise in developing, building, owning, and operating renewable energy plants, coupled with EETC's role as the national electricity transmission company, suggests a strong foundation for successful project execution. The project's focus on both energy generation and grid stabilization highlights the increasing sophistication of renewable energy infrastructure and its ability to address diverse energy needs.
- Largest solar and BESS installation in Africa.
- Largest investment in Scatec’s history.
- Combines solar generation with significant battery storage for continuous power delivery.
- Focuses on both energy generation and grid stabilization.
Market Context: The deal takes place in the context of growing demand for renewable energy solutions in Africa, particularly in Egypt. The integration of BESS technology reflects a broader trend towards enhancing the reliability and stability of renewable energy sources.
Timeline
Announced
Jan 11, 2026
Signed
Jan 11, 2026
Closed
Counterparts (2)
Market Context
This deal is part of the Solar sector in Egypt.
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Solar deals
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deals in Egypt
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