{"id":78304,"date":"2023-07-06T01:00:21","date_gmt":"2023-07-06T01:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/07\/06\/norways-scatec-is-awarded-land-for-5-gw-wind-farm-in-egypt\/"},"modified":"2023-07-06T01:00:21","modified_gmt":"2023-07-06T01:00:21","slug":"norways-scatec-is-awarded-land-for-5-gw-wind-farm-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/07\/06\/norways-scatec-is-awarded-land-for-5-gw-wind-farm-in-egypt\/","title":{"rendered":"Norway\u2019s Scatec is awarded land for 5 GW wind farm in Egypt"},"content":{"rendered":"

<\/a> Scatec awarded land for its 5 GW wind farm in Egypt:<\/strong> Egypt\u2019s Electricity Ministry signed a land allocation agreement with Norway\u2019s Scatec for a planned 5 GW wind farm in Sohag, according to a statement<\/a>.<\/p>\n

What we know:<\/strong> The plant will require USD 5 bn of investment and will create 8k jobs, 300 of which will be permanent once the plant is operational, according to the statement. Once operational, it will be one of the largest wind farms in Egypt and Africa, Scatec CEO Terje Pilskog said at the signing ceremony yesterday. The statement did not set a timeline for the start or completion of the project or where the generated power will be directed.<\/p>\n

This is the second MoU signed at COP27 for wind projects to advance: <\/strong>Yesterday\u2019s agreement comes nine months after Scatec signed an MoU with the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority (NREA) to develop a 5 GW portfolio of wind projects during COP27 in Sharm El Sheikh last year. A similar land agreement was signed last month<\/a> with the Masdar-Infinity Power-Hassan Allam Utilities consortium for a 10 GW wind plant, advancing another MoU inked at the climate summit.<\/p>\n

The Norwegian developer is keen to be part of Egypt\u2019s green ambitions: <\/strong>A Scatec delegation discussed in May progress on its renewable projects in Egypt with President Abdel Fattah El Sisi, including its work with ammonia producer Fertiglobe and Orascom Construction on Egypt\u2019s first green hydrogen facility<\/a>and its plans to construct<\/a> a 1 mn ton-per-year green ammonia plant. Scatec also signed an MoU<\/a> to study an Egypt-Europe electricity interconnection project and inked an agreement<\/a> to set up a green methanol plant in Damietta alongside several local firms, in May. Egypt wants renewable energy to contribute 42% of the country\u2019s total energy mix<\/a> by 2030 and 60% by 2040<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Scatec awarded land for its 5 GW wind farm in Egypt: Egypt\u2019s Electricity Ministry signed a land allocation agreement with Norway\u2019s Scatec for a planned 5 GW wind farm in Sohag, according to a statement. What we know: The plant will require USD 5 bn of investment and will create 8k jobs, 300 of which […]<\/p>\n","protected":false},"author":1,"featured_media":78305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48],"tags":[40,11,88,330,47,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wind","tag-egypt","tag-enterpriseclimate","tag-renewables","tag-scatec","tag-wind","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"8e9d4edf-f3a8-4c89-a141-fcf841f5f66a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/284.jpg","photo_position":"above","related_issue":[78299],"teaser":"","voice_url":""},"yoast_head":"\nNorway\u2019s Scatec is awarded land for 5 GW wind farm in Egypt - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/06\/norways-scatec-is-awarded-land-for-5-gw-wind-farm-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Norway\u2019s Scatec is awarded land for 5 GW wind farm in Egypt\" \/>\n<meta property=\"og:description\" content=\"Scatec awarded land for its 5 GW wind farm in Egypt: Egypt\u2019s Electricity Ministry signed a land allocation agreement with Norway\u2019s Scatec for a planned 5 GW wind farm in Sohag, according to a statement. 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