Scatec Seals 25-Year Pact with Egypt to Harness Wind Power

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Researched by Industrial Info Resources (Sugar Land, Texas)--In a decisive stride toward a greener horizon, Norwegian renewable energy pioneer Scatec ASA (Oslo) has inked a 25-year power purchase agreement with the Egyptian Electricity Transmission Company (EETC) for the development of a 900-megawatt onshore wind power project. The project, which will be developed through Scatec's special purpose vehicle Shadwan Wind Power SAE, marks a major step in Egypt's clean energy transition.

Wind resource measurements at the site will commence soon and are expected to be completed by the first half of 2026. These measurements are a prerequisite for moving the project toward financial close and construction.

This landmark agreement echoes a broader commitment made earlier through a memorandum of understanding (MoU) between Scatec, the EETC, and Egypt's New and Renewable Energy Authority (NREA)--a collaboration that envisions the collective birth of up to 5 gigawatts (GW) of wind capacity. It is a vision closely aligned with Egypt's national ambition to source 42% of its electricity from renewables by 2030.

This large-scale wind project aligns with Egypt's ambition to increase its share of renewable energy and reduce carbon emissions as part of its long-term energy transition strategy.

Industrial Info is tracking 31 wind-power projects across Egypt, worth US$53 billion, including Scatec's major wind project. Subscribers to Industrial Info's Global Market Intelligence (GMI) can click here for a full list of project reports.

Industrial Info also is tracking another project from Scatec that has a power purchase agreement in place with the EETC: the Obelisk solar-plus-storage project, which is designed for 1.1 GW of solar power and a 100-megawatt battery energy storage system. Subscribers can click here for the project report.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).