Scatec Solar and partners have signed 25-year Power Purchase Agreements for delivery of electricity from six solar plants totalling 400 MW in Egypt.
Scatec Solar is partnering with KLP Norfund Investments for equity investments in the projects and may add partners to the equity consortium before financial close.
With this programme the Government of Egypt is making important steps towards accessing clean and low cost electricity to drive development and economic prosperity. Scatec Solar’s and partners are making significant investments and making long term commitment to Egypt
(Raymond Carlsen, CEO of Scatec Solar)
Download full press release here.