Scatec signs PPA for 900MW onshore wind project in Egypt

Core Insights - Scatec ASA has signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 900 MW wind project, marking a significant step in Egypt's transition to a sustainable energy mix [1] - The project will be located in Ras Shukeir, an area known for its excellent wind resources, with wind measurements to be completed in the first half of 2026 before advancing to financial close and construction [3] Company Overview - Scatec is a leading renewable energy solutions provider, with 6.2 GW of renewable energy capacity in operation and under construction across five continents [4] - The company is committed to developing, building, owning, and operating renewable energy plants, aiming to improve access to reliable and affordable clean energy in emerging markets [4] Project Significance - The project is part of Scatec's strategy to advance four major renewable projects in Egypt, showcasing the company's diversified technology base and commitment to the region [2] - CEO Terje Pilskog emphasized the importance of the project and acknowledged the efforts of the Egyptian team in making it happen [2]