Scatec to supply ships with green fuel + plans to establish a battery storage project in Egypt

Scatec inks green fuel agreement with Egypt at COP28: Norwegian renewables developer Scatec inked a USD 1.1 bn agreement with the Suez Canal Economic Zone to supply ships with green fuel in east Port Said, according to a statement released yesterday. The green fuel’s 190 MW electrolyzer will be powered by 317 MW wind and 140 MW solar energy with a production target of 100k tons of green methanol annually by 2027.

And there’s more: The Norwegian firm also signed an agreement with the Egyptian Electricity Holding Company to establish a 1 GW solar and 200 MWh battery storage project in Egypt, according to a statement released on Saturday. The African Development Bank Group signed a letter of intent for the financing package of the project yet the value of the project wasn’t disclosed.