Egypt has signed renewable energy deals totaling $1.8 billion with Norwegian renewable energy company Scatec and China’s Sungrow.
Egypt aims for renewable energy to account for 42% of its electricity by 2030, but officials warn that reaching this target will require more international support.
As part of the deal, Scatec will build a solar power plant in Upper Egypt’s Minya, along with energy storage stations, according to a statement from the Egyptian cabinet.
The plant will generate 1.7 gigawatts of electricity and include battery storage systems with a combined capacity of 4 gigawatt-hours.
Sungrow will set up a factory at the Suez Canal Economic Zone to produce energy storage batteries, with some of the output going to Scatec’s project.
The deals also cover power purchase agreements. Scatec has signed an agreement for 1.95 gigawatts of generation capacity and 3.9 gigawatt-hours of battery storage, the company said.