Egypt Secures $1.8 Billion Renewable Energy Deals with Scatec and Sungrow
Egypt has signed significant renewable energy contracts worth $1.8 billion with Scatec and Sungrow. The deals aim to bolster Egypt's renewable energy capacity, crucial for its 2030 target.
Insights:
In a major step towards achieving its ambitious renewable energy goals, Egypt has signed $1.8 billion in contracts with Norway's Scatec ASA and China's Sungrow Power Supply Co Ltd . The agreements involve the construction of a 1.7-gigawatt solar power plant with integrated battery storage in Minya, Upper Egypt, and the establishment of a battery manufacturing facility at the Suez Canal Economic Zone.
