Norwegian renewable energy company Scatec is studying five new projects in Egypt, including a massive battery storage facility, a 1 GW solar power plant, green hydrogen and ammonia plants, and a project to convert one of Egypt’s largest aluminium factories to renewable energy. The meeting was attended by Minister of Electricity and Renewable Energy Mohamed Shaker, Norwegian Ambassador to Egypt Hilde Klemetsdal, and Mohamed Amer, Scatec’s Executive Vice President for Green Hydrogen and MENA. The two-phase solar power plant would receive financing from international institutions. The green ammonia plant would produce 150,000 tons annually for fertilizer factories, while the Suez Canal Economic Zone-based green hydrogen plant would target exports to Europe. Scatec’s projects would support these goals while creating jobs and boosting the economy.

Source: Daily News Egypt May 02, 2024 18:30 UTC