Will solar power boost Egypt's national energy mix by 2026?

This will significantly increase the share of solar power in the national energy mix. Together, these wind and solar projects will boost the share of renewable energy in Egypt’s national grid to 30% by 2026. For more insights into Egypt’s solar initiatives, you can explore Egypt Harnesses Solar Potentials Amid Rising Gas Prices.

How much wind energy will Egypt have by 2026?

According to Energy Business Review, the Egyptian government has already secured $3.5 billion in investments for wind energy projects. These projects will add 6.4 GW of new wind capacity by 2026, more than doubling the current wind capacity in the country.

Who owns bifacial solar panels in Egypt?

The bifacial modules are producing energy from both sides of the solar panel, increasing the total clean energy generation. The project holds a 25-year PPA with the Egyptian Electricity Transmission Company. The equity partners are KLP Norfund Investments AS and Africa 50. Lenders are EBRD, FMO, IsDB, ICD and Green CF.

Does Scatec have a power purchase agreement with Egypt aluminium?

Scatec and Egypt Aluminium have signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) for a 1.1 GW Solar PV + 100 MW/200MWh BESS project in Egypt backed by sovereign guarantee. Egypt Aluminium is the largest aluminium producer and industrial electricity consumer in Egypt and exports approximately 60% of its production to Europe.

What is Scatec doing in Egypt?

In 2017, Scatec signed 25-year Power Purchase Agreements for delivery of electricity from six plants totalling 380 MW with the Government of Egypt. Benban site near Aswan in Upper Egypt where Scatec was in 2019 the world’s largest one-site project. This is Scatec’s largest and our first project using bifacial solar modules.

Who is financing a green hydrogen production facility in Egypt?

Lenders are EBRD, FMO, IsDB, ICD and Green CF. Scatec has partnered with Fertiglobe, The Sovereign Fund of Egypt and Orascom Construction to develop, build, own and operate a 100 MW green hydrogen production facility in Ain Sokhna in Egypt. When the project is fully developed the facility will be powered by 260 MW of solar and wind capacity.