Scatec closes $650 million Egypt solar-plus-storage deal for aluminum smelter

The Norwegian renewable-energy developer secured financing from the European Investment Bank, European Bank for Reconstruction and Development, and African Development Bank for a 25-year solar and battery project supplying Egypt Aluminium u

First covered Oct 27, 2026 · 7:54 AM PT · 2 articles · no longer in the live window

Scatec closes $650 million Egypt solar-plus-storage deal for aluminum smelter — Image via pv-magazine.com

Coverage

13d PV Magazine Scatec secures $217 million for Egypt smelter solar-plus-storage plant — A solar and battery project in Egypt will supply state-owned Egypt Aluminium under a 25-year, sovereign-guaranteed power purchase agreement as the smelter…

14d PV Tech Scatec, investment banks close US$650 million investment for Dandara solar-plus-storage project in Egypt — Scatec, the EIB, the EBRD and the AfDB have signed a US$650 million investment agreement for the Dandara solar-plus-storage project in Egypt.

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More coverage from around the web

english.aawsat.com Egypt Signs Preliminary Financing Agreement on $650 Million Solar Project in Upper Egypt

channelafrica.co.za Egypt signs preliminary financing agreement on $650 million solar project - Channel Africa

greentechlead.com Renewables news: Scatec, Dandara Solar and Battery Project, GIGA Storage, Masdar - GreentechLead

egyptian-gazette.com PM witnesses signing of agreements for $650m Dandara solar project - Egyptian Gazette

ua.news Egypt signs $650m deal for Dandara solar project

Appeared in: 2026-10-27 (#15) · 2026-10-28 (#20) · 2026-10-29 (#18)

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