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Scatec secures $217 million for Egypt solar-plus-storage plant
Original: Scatec secures $217 million for Egypt smelter solar-plus-storage plant
Norwegian renewable developer Scatec has secured $217 million in financing for a solar-plus-storage plant in Egypt built to supply power to an aluminium smelter. The deal, reported by pv magazine Global, is one of the more prominent examples of dedicated renewable capacity backing heavy industry in the Middle East and North Africa region.
Why now: The financing is a notable step for industrial-scale renewable power supply in Egypt and the broader MENA energy transition.
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- Scatec secures $217 million for Egypt smelter solar-plus-storage plant · pv magazine Global
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