{"id":82531,"date":"2024-02-21T00:00:00","date_gmt":"2024-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/21\/norways-scatec-signs-an-agreement-to-build-a-1-gw-solar-farm-in-egypt\/"},"modified":"2024-02-21T00:00:00","modified_gmt":"2024-02-21T00:00:00","slug":"norways-scatec-signs-an-agreement-to-build-a-1-gw-solar-farm-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/21\/norways-scatec-signs-an-agreement-to-build-a-1-gw-solar-farm-in-egypt\/","title":{"rendered":"Norway\u2019s Scatec signs an agreement to build a 1 GW solar farm in Egypt"},"content":{"rendered":"

<\/strong>Norwegian renewables developer <\/strong>Scatec has inked an agreement to build a 1 GW solar power plant to power EgyptAlum\u2019s Nagaa Hammadi industrial complex<\/strong>, according to a statement<\/a>. The move is part of state-owned EgyptAlum\u2019s plan to ramp up production, comply with global sustainability and manufacturing standards, and lower its carbon footprint.<\/p>\n

The details:<\/strong> 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.<\/p>\n

We knew this was coming:<\/strong> Scatec\u2019s plans to build the solar power plant emerged last month<\/a> when Egypt\u2019s Public Enterprises Ministry said the renewables company was exploring its options.<\/p>\n

Scatec has a big presence in Egypt:<\/strong> Scatec inked agreements with Egypt\u2019s government in December, to establish a 1 GW solar and 200 MWh battery storage<\/a> project \u2014 the first in the country \u2014 and a USD 1.1 bn green methanol<\/a> project. The company is also working on a 50-100 MW green hydrogen<\/a> 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<\/a> between Egypt and Italy.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 1 GW farm will power green aluminum production at EgyptAlum\u2019s Nagaa Hammadi industrial complex<\/p>\n","protected":false},"author":1,"featured_media":82532,"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":[171],"tags":[40,11,88,330,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-egypt","tag-enterpriseclimate","tag-renewables","tag-scatec","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"4af99887-051c-48c9-b8f8-7af8291db914","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1930.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Norway\u2019s Scatec signs an agreement to build a 1 GW solar farm in Egypt","related_issue":[82526],"teaser":"The 1 GW farm will power green aluminum production at EgyptAlum\u2019s Nagaa Hammadi industrial complex","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.c287c1b3-45af-49e2-8b5c-e52e09506006.mp3"},"yoast_head":"\nNorway\u2019s Scatec signs an agreement to build a 1 GW solar farm in Egypt - 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