Under the agreement Scatec will deliver an integrated Solar and BESS hybrid system designed to deliver continuous, around-the-clock renewable baseload power, and will also develop two standalone BESS projects aimed at providing essential grid stability and support services. The intention is to develop the largest solar and BESS installation in Africa. This represents the largest investment by Scatec thus far.

“Signing this groundbreaking PPA further cements Scatec’s leading position and commitment to delivering reliable, renewable energy at a large scale in Africa” said Scatec CEO Terje Pilskog. “By integrating advanced solar and battery technologies, we are providing Egypt with sustainable, around-the-clock power and grid stabilising services, supporting both the country’s energy transition and the region’s long-term economic development.”

The 25-year USD-denominated pay-as-produced Power Purchase Agreement (PPA) will be linked to the electricity generated by the hybrid system, which is expected to deliver approximately 6,000 GWh of renewable energy annually.

Scatec, the lead developer of the projects, will provide Engineering, Procurement and Construction (EPC), Asset Management (AM) and Operations & Maintenance (O&M) services for the projects. The company will utilise its expertise from similar large-scale hybrid and BESS projects, to ensure efficient delivery and management through all phases of the project. It also intends to invite additional equity partners, with further details on capital expenditure, EPC scope and financing structure disclosed at financial close, which is expected in the second half of 2026.

For additional information:

Scatec ASA