{"id":589631,"date":"2023-07-06T00:00:00","date_gmt":"2023-07-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/scatec-signs-land-pact-for-5-gw-wind-farm\/"},"modified":"2023-07-06T00:00:00","modified_gmt":"2023-07-06T00:00:00","slug":"scatec-signs-land-pact-for-5-gw-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/scatec-signs-land-pact-for-5-gw-wind-farm\/","title":{"rendered":"Scatec signs land pact for 5-GW wind farm"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span> <\/span><span style=\"font-weight:700\">Scatec yesterday signed a land allocation <\/span><span style=\"font-weight:700\">agreement with the Electricity Ministry<\/span><span> for a planned 5-GW wind farm in Sohag governorate, <\/span><span>cabinet said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02octpMkFAt4xLoypm6AL3tACXzKR7p5xiSB2nLXPwoM3J5k6ns1VUreq6FosBDS79l\" style=\"\">a statement<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What we know:<\/span><span style=\"font-weight:400;\"> The USD 5 bn plant will create 8k jobs, 300 of which will be permanent once the plant is operational, according to the statement. The facility will be one of the largest in Africa, Scatec CEO Terje Pilskog said at the signing ceremony yesterday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What we don\u2019t:<\/span><span> The statement didn\u2019t disclose projected timelines for the project or provide clarity <\/span><span style=\"font-weight:400;\">on the offtake agreement for the power the farm will generate.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This is the second COP27 wind MoU to move forward: <\/span><span>Yesterday\u2019s agreement comes nine months after the Norwegian renewables developer signed an MoU for the project with the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority. A consortium consisting of Masdar, Infinity Power, and Hassan Allam Utilities <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/189cc88e-5bd1-40a3-9fd7-aed956392111\" style=\"\">inked last month a land-allocation agreement<\/a><\/span><span style=\"font-weight:400;\"> for a 10-GW wind plant, having also signed the original memorandum of understanding at COP27 in Sharm El Sheikh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Sohag is emerging as one of the country\u2019s future wind energy hubs:<\/span><span style=\"font-weight:400;\"> Both the Scatec and Masdar-led wind plants will be based in Sohag, putting a combined 15 GW of generation capacity in the governorate.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Both projects will be key to Egypt hitting its renewables targets: <\/span><span>Egypt wants renewable energy to contribute <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06e7e381-df4d-4d89-94c7-428dba34d5a3\" style=\"\">42% of the country\u2019s total energy mix<\/a><\/span><span> by 2030 and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04dda22d-b376-4d76-bf9a-50f917a5ac39\" style=\"\">60% by 2040<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Scatec is becoming a key player in the nation\u2019s green energy infrastructure:<\/span><span> The Norwegian developer is part of the consortium establishing Egypt\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\" style=\"\">first green hydrogen plant<\/a><\/span><span>, and in recent months has signed early agreements to construct a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47413417-b184-4c5b-9675-832759b90a72\" style=\"\">USD 450 mn green methanol plant<\/a><\/span><span>, a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/385ee449-1e59-4897-88ea-75f283938d30\" style=\"\">1 mn ton-per-year green ammonia plant<\/a><\/span><span>, and a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e7111e3-755b-4f7c-abd6-4bd511c2f72e\" style=\"\">3-GW electricity link<\/a><\/span><span> that would transport renewably-generated power from Egypt to Europe. It also operates <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/scatec.com\/locations\/egypt\/#benban-egypt\" style=\"\">six solar plants<\/a><\/span><span style=\"font-weight:400;\"> with a combined 380 MW of capacity at the Benban site near Aswan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The story is getting plenty of airtime on state television<\/span><span style=\"font-weight:400;\">, as we note in Last Night\u2019s Talk Shows. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD 5 bn plant will be key to helping Egypt achieve its ambitious renewable energy targets<\/p>\n","protected":false},"author":1,"featured_media":589632,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7207],"tags":[7286,93,72,1130,7111,151,573,7081],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-climate","tag-energy","tag-enterpriseam","tag-green-energy","tag-infrastructure","tag-renewables","tag-scatec","tag-wind-power","wpautop","entry"],"acf":{"mongo_id":"fb0b31c0-4750-487c-9be3-33bbc99d34c4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/150.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Scatec signs land deal for 5-GW wind farm in Egypt\u2019s Sohag","related_issue":[589622],"teaser":"The USD 5 bn plant will be key to helping Egypt achieve its ambitious renewable energy targets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.c8a8fbeb-4089-4f42-be7a-a8d38867c049.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Scatec signs land pact for 5-GW wind farm - EnterpriseAM Egypt<\/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\/egypt\/2023\/07\/06\/scatec-signs-land-pact-for-5-gw-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scatec signs land pact for 5-GW wind farm\" 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