Scatec signs PPA with Egypt Aluminium for $650Million, 1,000MW Solar Project

Norwegian energy developer  Scatec ASA, has signed a 25-year US Dollar-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for…

The post Scatec signs PPA with Egypt Aluminium for $650Million, 1,000MW Solar Project first appeared on Africa’s premier report on the oil, gas and energy landscape.

Cairo, Egypt – March 17, 2025 – Scatec has signed a Power Purchase Agreement (PPA) with Egypt Aluminium (EgyptAlum) for a massive 1000MW solar project worth $650 million. The Africa Oil + Gas Report details this significant development in Egypt’s renewable energy sector.

Key Highlights:

• Project Size: The project will have a capacity of 1000MW.
• Investment: The project represents a $650 million investment.
• Agreement: Scatec has signed a Power Purchase Agreement (PPA) with EgyptAlum.

Implications:

This project is a major step forward for Egypt’s renewable energy goals. The 1000MW solar plant will provide a significant boost to the country’s electricity generation capacity and contribute to its energy transition efforts.