Scatec’s Investment Portfolio in Egypt Valued at $3.6 Billion

A delegation from Scatec, a Norwegian renewables developer, recently held discussions with Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat regarding the company’s substantial investment portfolio in Egypt. Their project portfolio in Egypt is valued at an impressive $3.6 billion, demonstrating their commitment to developing renewable energy projects in the region. The discussion focused on the progress of Scatec’s initiatives in Egypt, particularly the development of two gigawatt-scale solar-plus-storage sites, as part of the country’s flagship climate action program.