Scatec signs PPA for Egyptian solar and BESS hybrid facility

Scatec has entered into a powerfulness acquisition statement (PPA) with the Egyptian Electricity Transmission Company (EETC) for 1.95GW of star powerfulness and 3.9 gigawatt-hours (GWh) of artillery vigor retention systems (BESS) successful Egypt.

This statement volition spot Scatec physique a single, integrated star and BESS hybrid installation designed to present steady, 24/7 renewable baseload power.

In addition, Scatec volition make 2 separate, stand-alone BESS projects that volition absorption connected providing captious grid stableness and enactment services.

Together, these developments are said to represent the largest concern successful Scatec’s history.

Scatec CEO Terje Pilskog said: “Signing this groundbreaking PPA further cements Scatec’s starring presumption and committedness to delivering reliable, renewable vigor astatine a ample standard successful Africa.

“By integrating precocious star and artillery technologies, we are providing Egypt with sustainable, around-the-clock powerfulness and grid stabilising services, supporting some the country’s vigor modulation and the region’s semipermanent economical development.”

Scatec volition person compensation nether a 25-year, US dollar-denominated, pay-as-produced PPA based connected the existent energy output of the hybrid system.

The works is projected to make astir 6,000GWh of renewable vigor per year.

Scatec volition grip engineering, procurement and operation (EPC), plus absorption and operations and attraction for the projects.

The institution said that it volition gully connected its way grounds of comparable large-scale hybrid and BESS projects to guarantee effectual execution and absorption crossed each task phases.

As the projects’ pb developer, Scatec volition bring successful further equity partners. Information connected superior expenditure, EPC scope and the financing operation volition beryllium released astatine fiscal close, which is anticipated successful the second fractional of this year.

In a related development, Reuters reported that Sungrow plans to acceptable up a mill successful the Suez Canal Economic Zone to nutrient vigor retention batteries. Part of the factory’s output is designated for Scatec’s project, according to a connection from the Egyptian cabinet.

Egypt has acceptable a people for renewable sources to lend 42% of its energy procreation by 2030, but officials person warned that this nonsubjective could beryllium jeopardised without greater planetary assistance.

In September past year, Scatec finalised a 15-year PPA with BTG Pactual Comercializadora de Energía, a subdivision of Banco BTG Pactual Brazil, for a star powerfulness works successful Colombia.

"Scatec signs PPA for Egyptian star and BESS hybrid facility" was primitively created and published by Power Technology, a GlobalData owned brand.