Scatec Signs Major Hybrid Power Purchase Agreement in Egypt

Deep News01-13

Scatec (Oslo Stock Exchange: SCATC) has inked a 25-year, US dollar-denominated Power Purchase Agreement (PPA) for a massive 1.95 GW solar power plant coupled with a 3.9 GWh battery energy storage system (BESS) project. The facility is anticipated to generate approximately 6,000 GWh of electricity annually, marking the company's largest investment to date.

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