Scatec to supply power to Egyptian Electricity Transmission Company under a 25-year PPA

Scatec's agreement to supply power to the Egyptian Electricity Transmission Company (EETC) under a 25-year USD-denominated Power Purchase Agreement (PPA) represents a significant development in Egypt's renewable energy landscape. The project, comprising a 1.1 GW solar plant and a 100 MW / 200 MWh battery storage system, will provide a substantial amount of clean energy to the Egyptian grid. This deal underscores Scatec's commitment to expanding its presence in emerging markets and providing reliable, affordable renewable energy solutions. The long-term PPA structure provides Scatec with revenue certainty and supports the project's financial viability. The deal is notable for its scale, with a total capacity of 1125 MW, making it a significant addition to Egypt's renewable energy capacity. The involvement of Scatec, a well-established renewable energy solutions provider, lends credibility to the project. The USD-denominated PPA mitigates currency risk for Scatec, which is crucial for long-term infrastructure investments in emerging markets. The inclusion of battery storage alongside solar generation enhances the project's ability to provide dispatchable power, addressing intermittency challenges associated with solar energy.