Scatec ASA, a Norwegian renewable power company, has inked a deal to build a 1 GW solar project that will supply clean energy to Egypt Aluminium Company’s facility in Nagaa Hammadi, Upper Egypt.
As per the agreement, Egypt’s Ministry of the Public Business Sector announced that the 500 MW solar park will be built in two stages, the first of which will be finished in 18 months after the deal is signed and the second in 24 months. The facility will be situated next to Nagaa Hammadi’s aluminium factory. Scatec, which is currently constructing many large-scale green energy projects in the North African country, will be in charge of project development, financing, and equipment installation.
Since 1975, Egypt Aluminium Company has been manufacturing molten aluminium at its Nagaa Hammadi plant in the form of castings, rolled products, carbon anode blocks, and various kinds of spare parts. The facility has an annual production capacity of 320,000 tonnes.
In December 2023, Scatec ASA started producing and supplying electricity to the national grid from the three Kenhardt plants in the Northern Cape Province, in South Africa. The Kenhardt project is a hybrid solar and battery storage facility. Reportedly, the company invested $1 billion in the project.
