A 25-year power purchase agreement (PPA) has been signed between Scatec and the Egyptian Electricity Transmission Company (EETC). The PPA is related to a hybrid solar and energy storage project in Egypt, the first of its kind in the country.
The solar segment of the project is expected to have a generation capacity of 1GW. Meanwhile, the energy storage element will feature 100MW/200MWh.
Developer Scatec has stated that the company will now focus on finalising land lease and grid connection permits and finance before preparing for construction.
Scatec itself will carry out engineering, procurement and construction (EPC), as well as asset management, operation and maintenance services. Civil works should start in the first half of 2025.
For more information, please visit EICDataStream.