Scatec Solar ASA and partners have achieved financial close for six solar PV power plants in Egypt totaling 400MW.
"With this programme, the government of Egypt is making important steps towards accessing clean and low-cost electricity to drive development and economic prosperity. Scatec Solar and partners are making significant investments and a long-term commitment to Egypt", says Raymond Carlsen, CEO of Scatec Solar.
"We are delighted to support the largest solar portfolio in Egypt's feed-in-tariff scheme and to work again with Scatec Solar", says EBRD's Head of Power and Energy Utilities, Harry Boyd-Carpenter.
"The addition of the Egyptian projects places Scatec Solar as one of the leading integrated solar IPPs in emerging markets", adds Raymond Carlsen, CEO of Scatec Solar.