egypt

Scatec has published its latest financial results, which include revenues of NOK2.97 billion (US$270 million) in the third quarter of 2024.

AMEA Power is set to build one of Africa’s largest solar PV projects in Egypt, with a generation capacity of 1GW, after signing several PPAs.

Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1GW solar-plus-storage project.

EliTe Solar has announced plans to build an 8GW cell and module manufacturing facility in the Suez Canal Economic Zone (SCZONE) in Egypt.

Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.

French renewable energy company Voltalia has signed a framework agreement to develop over 2.5GW of solar PV and wind capacity in Egypt to support green hydrogen production.

Spanish solar tracker provider PV Hardware (PVH) has secured a 230MW PV tracker supply for a project in Egypt.

US tracker manufacturer GameChange Solar has announced plans to supply solar trackers to the 560MW Kom Ombo solar farm in Egypt.

As Europe is increasing its solar PV capacity to reach its goal in the REPowerEU plan, countries in the bloc are accelerating solar PV installation. But some EU countries also look at the solar potential in North Africa, as the region boasts better solar irradiance and longer sunshine hours.

Clean energy investment across Africa has to double the current US$90 billion target by 2030 and reach nearly US$25 billion per year, according to a report by the International Energy Agency (IEA) and the African Development Bank Group (AfDB).