Scatec signs PPA for 1.1GW solar project in Egypt

Scatec has signed a 25-year power purchase agreement (PPA) with Egypt Aluminium for a 1.1 GW solar photovoltaic (PV) and 100 MW/200 megawatt hours (MWh) BESS project in Egypt, backed by a sovereign guarantee. Egypt Aluminium is the country’s largest aluminum producer and industrial electricity consumer, exporting 60% of its production to Europe.