Scatec ASA has entered into a 25-year, USD-denominated Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 900 MW onshore wind project. The agreement, secured through its project vehicle “Shadwan Wind Power SAE,” marks a key step in supporting Egypt’s shift to a more sustainable energy mix.
Scatec CEO Terje Pilskog emphasized the company’s growing presence in Egypt, highlighting that this wind initiative is one of four major renewable projects currently underway, spanning various technologies. He also commended the involved partners and especially praised the Egyptian team for their dedication and expertise.
The wind farm will be developed in Ras Shukeir, an area known for having some of the strongest onshore wind conditions globally. The next phase of the project involves conducting wind assessments at the site, which are scheduled for completion by mid-2026, paving the way for financial closure and the start of construction.
source: www.energy-pedia.com
