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AFRICA

Scatec sells stake in 258MW South Africa solar plant to finance further growth – EQ Mag

February 6, 2023

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Scatec sells stake in 258MW South Africa solar plant to finance further growth Norwegian renewable energy solutions provider Scatec has signed an agreement to sell its 42% equity share in a solar plant in South Africa to a subsidiary of a fund managed by asset manager Stanlib Asset Management Proprietary Limited. Scatec will sell the […]

AFRICA

Scatec refinances 190 MW of co-owned photo voltaic farms in S Africa – EQ Mag Pro

March 26, 2022

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Norwegian inexperienced energy producer Scatec ASA (OSL:SCATC) has refinanced the non-recourse debt services tied to 3 working photo voltaic farms totalling 190 MW it co-owns in South Africa. In a press launch on Thursday, Scatec mentioned that its share of proceeds from the refinancing stands at ZAR 540 million (USD 36.6m/EUR 33.3m) based mostly on […]

OMAN

Scatec joins ACME to develop US$2.5bn green ammonia project in Oman – EQ Mag Pro

March 23, 2022

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Norway’s Scatec has signed an agreement with India’s ACME Group to form a joint venture to design, build, own and operate a large-scale green ammonia plant in Oman The first phase of the facility is expected to produce 100,000 tonnes of green ammonia a year, with an electrolyser capacity of 300MW and 500MW of solar. […]

EGYPT

Scatec, partners ink MoU for large-scale green ammonia facility in Egypt – EQ Mag Pro

March 12, 2022

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Norwegian renewable power producer Scatec ASA (OSL:SCATC) and a couple of partners in Egypt are planning to develop a green ammonia plant in the North African country with a capacity to produce one million tonnes per year which could be later expanded to three million tonnes. Scatec said today that it has signed a memorandum […]

EGYPT

Metito, Scatec, Orascom to invest in solar desalination plant in Egypt – EQ Mag Pro

March 5, 2022

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Metito Holdings, Scatec and Orascom Construction, and the government of Egypt are in talks over construction of a solar desalination in Egypt. The consortium which is in discussion with the Sovereign Wealth Fund of Egypt (TFSE) f said the idea is to reduce the environmental impact of desalination in Egypt. The capacity of the future […]

UAE

UAE’s Metito, Scatec in talks on $1.5bn Egypt desalination plant

February 19, 2022

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The proposal involves a 400-megawatt solar-power facility and a desalination plant The UAE’s Metito Holdings Ltd., Scatec and Orascom Construction are in talks with Egypt on a $1.5bn renewables-powered desalination plant, as the most populous Arab nation moves to address looming water shortages. The three-company consortium is in discussions with Egypt’s sovereign wealth fund to […]

EGYPT

Scatec, partners make progress with green H2 project in Egypt – EQ Mag Pro

February 12, 2022

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Norwegian renewable power producer Scatec ASA (OSL:SCATC) and its partners have received government approval to explore the temporary procurement of electricity from the grid for a green hydrogen plant that will be built in Egypt. The Egyptian Cabinet on Thursday approved the request made by Scatec and its partners — local construction company Orascom and […]

EGYPT

Scatec unveils plans for more hydrogen-to-ammonia projects in Egypt – EQ Mag Pro

December 18, 2021

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Norwegian renewable power producer Scatec ASA (OSL:SCATC) announced today that it has signed a memorandum of understanding (MoU) with Egypt’s Suez Canal Economic Zone (SCZone) to study development of a new green ammonia project and met with the Egyptian government to discuss its green hydrogen plans in the country. Under the MoU, Scatec and SCZone […]

AFRICA

Scatec wins preferred bidder status on 273 MW of solar in S Africa – EQ Mag Pro

October 30, 2021

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Scatec ASA (OSL:SCATC) announced it has won preferred bidder status on 273 MW of solar projects in the fifth round of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The Norwegian renewable power producer has been successful with three projects, it said, without naming them. The Oslo-based company will sign 20-year power purchase […]

EGYPT

EGYPT: Metito And Scatec Consider Clean Energy Desalination – EQ Mag Pro

August 25, 2021

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The Egyptian government is in discussions with Metito, Orascom Construction and Scatec. These companies, which are very active in the water, sanitation and energy sectors, will build new seawater desalination plants powered by renewable energy. The real criticism of seawater desalination is its high energy consumption. Egypt wants to reduce the environmental impact of desalination […]

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