Norway-based renewable energy company Scatec has been awarded the contract to construct a 1 GW solar power plant for Egypt’s largest aluminum producer, Egypt Aluminum Company (Egyptalum). The solar plant, located in Nag Hammadi, will supply power to Egyptalum’s production facilities as per the cooperation agreement. Scatec will develop the facility in two 500 MW phases, with Phase I expected to be operational within 18 months and Phase II within 24 months from signing. Egyptalum stated that the solar plant aligns with its development plans, with the Nag Hammadi site boasting an annual production capacity of 320,000 tons.
Scatec secures 1 GW solar plant construction contract from Egyptalum
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)