Another 1-GW solar plant by Scatec is officially underway: Norwegian renewablesdeveloper Scatec is set to build a 1-GW solar power plant to power EgyptAlum’s Nagaa Hammadi industrial complex under an agreement inked by the two parties, according to a Public Enterprise Ministry 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. No details were given on the value of the project.
The timeline: The first 500-MW phase of the project will be completed within 18 months, whilethe second phase is set to wrap up within two years.
We thought this might be coming: We first heard about the Nagaa Hammadi solar power plant lastmonth, when the Public Enterprises Ministry announced that it had opened talks with Scatec over the project.
Scatec is doing a lot of the heavy lifting: The developer will finance the project, conduct therequired studies, develop the plant, and install the needed equipment.
Scatec has a big presence in Egypt: Scatec in December inked agreements with thegovernment 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 ammonia producer Fertiglobe and the Sovereign Fund of Egypt.