Egypt, Norwegian Company to set up $1.1B solar station

Egypt to set up a solar energy station in Nag Hammadi in collaboration with Norwegian company with an investment valued at $1.1 billion.

 

This came during the meeting between Major General Ashraf Al-Daoudi, Qena Governor and Hilde Klemetsdal, Norway's Ambassador to Egypt.

 

This station will be established with a capacity of 2 gigawatts to produce electricity and feed the industrial complex in Nag Hammadi near the aluminum production plant.

 

As part of Egypt's strategy to promote the transition towards a green economy, expand the utilization of new and renewable energies, and diversify energy sources for industrial electricity production, the recent collaboration between the Ministry of Public Business Sector and the Norwegian company SCATEC marks a significant milestone.

 

The collaboration involves the initiation of procedures to establish a solar station in the "Al-Hew" desert area. The station derives its name from the vast expanse of untouched desert and its close proximity to the aluminum factories in Nag Hammadi.

 

The governorates of Upper Egypt are currently experiencing a surge in investment demand, particularly in new and renewable energy projects, with a specific focus on solar energy stations. 

 

This heightened interest is largely attributed to the remarkable success of the Benban solar energy station in Aswan Governorate, which has gained recognition as one of the most prominent stations worldwide.