egypt

Independent power producer (IPP) Scatec has raised US$479 million for its Obelisk hybrid solar and battery storage project in Egypt.

Scatec has announced revenues of NOK2.39 billion (US$230 million) and profits of NOK1 billion (US$96 million) in the first quarter of 2025.

The company signed a 25-year power purchase agreement with Egypt Aluminium for a 1.1GW/200MWh solar-plus-storage project in the country.

Chinese manufacturer JA Solar will supply n-type modules for the 1GW Abydos Phase II solar-plus-storage project in Egypt.

UAE-based renewable power developer AMEA Power has commissioned a 500MW solar PV plant in the Aswan governorate, Egypt.

Masdar plans to develop including over 6GW of new solar capacity and 4GW of new solar manufacturing capacity in Egypt.

An ageing 545MW wind farm in Egypt is to be reborn as a 3GW PV and wind hybrid facility under a provisional repowering plan agreed last week.

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.