Norwegian renewables developer Scatec has inked an agreement to build a 1 GW solar power plant to power EgyptAlum’s Nagaa Hammadi industrial complex, according to a statement. The move is part of state-owned EgyptAlum’s plan to ramp up production, comply with global sustainability and manufacturing standards, and lower its carbon footprint.

The details: The first 500 MW phase of the project will be completed within 18 months, while the second phase is set to wrap up within two years. Scatec will finance the project, conduct studies, build the plant, and install the needed equipment.

We knew this was coming: Scatec’s plans to build the solar power plant emerged last month when Egypt’s Public Enterprises Ministry said the renewables company was exploring its options.

Scatec has a big presence in Egypt: Scatec inked agreements with Egypt’s government in December, to establish a 1 GW solar and 200 MWh battery storage project — the first in the country — and a USD 1.1 bn green methanol project. The company is also working on a 50-100 MW green hydrogen project in Ain Sokhna in partnership with Nassef Sawiris-backed ammonia producer Fertiglobe and the Sovereign Fund of Egypt and in February of last year proposed a 3 GW electricity interconnector between Egypt and Italy.

Tags: