- The agreement covers 1.95 GW of solar generation and 3.9 GWh of battery storage capacity.
- The project will deliver continuous renewable power and critical grid stability services.
- This is the largest combined solar and battery installation in Africa to date.
Scatec ASA has signed a major Power Purchase Agreement with the Egyptian Electricity Transmission Company for the development of large scale solar and battery energy storage projects in Egypt, marking a significant milestone for the African renewable energy sector.
The agreement includes a total of 1.95 GW of solar capacity and 3.9 GWh of battery energy storage. Scatec will deliver one fully integrated solar and battery hybrid facility designed to supply continuous renewable baseload power. In addition, the company will develop two standalone battery energy storage projects that will provide essential grid stability and support services.
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Once completed, the combined projects will represent the largest solar and battery installation in Africa and the largest single investment undertaken by Scatec to date.
Scatec chief executive officer Terje Pilskog said the agreement reinforces the company’s long term commitment to Africa’s energy transition.
“Signing this agreement strengthens Scatec’s leading role in delivering reliable renewable energy at scale in Africa. By combining advanced solar and battery solutions, we are supporting Egypt with sustainable continuous power and grid stabilisation services while contributing to long term economic development,” he said.
The projects will operate under a 25 year, US dollar denominated, pay as produced Power Purchase Agreement linked to electricity generated by the hybrid system. Annual production is expected to reach approximately 6,000 GWh of renewable energy.
Scatec will deliver engineering, procurement and construction services, as well as asset management and operations and maintenance. The company will draw on its experience from previous large scale hybrid and battery projects to manage the assets throughout their lifecycle.
As lead developer, Scatec will invite additional equity partners into the projects. Details on capital expenditure, final engineering scope and financing structure will be announced at financial close, which is expected in the second half of 2026.
Author: Bryan Groenendaal
