Egypt

Norway Scatec eyes building 3GW wind energy project in Egypt

Published on : 2022-09-12

Egypt is considering cooperation with Norway’s Scatec in new and renewable energy projects and the execution of a wind power generation project with a capacity of about three gigawatts (GW), according to a statement by the Spokesman of the Egyptian Presidency on September 10th.

The projects are set to be carried out within the framework of the national strategy for clean energy production, Bassam Rady stated.

During a meeting between President Abdel Fattah El-Sisi and the CEO of Scatec Terje Pilskog, El-Sisi highlighted that Egypt is keen on cooperating with Norway in the field of new and renewable energy.

The Egyptian government supports the green energy sector unprecedentedly as one of its priorities to benefit from the state’s sources of renewable energy, including wind and solar power, El-Sisi stressed.

On June 28th, the Egyptian Ministry of Petroleum and Mineral Resources agreed to study possible cooperation opportunities with Norway’s Scatec in the field of green ammonia production.

Pilskog previously said that Scatec signed a memorandum of understanding (MoU) with the Suez Canal Economic Zone (SCZONE), the Ministry of Electricity, and the Sovereign Fund of Egypt to establish a plant for the production of green ammonia in Egypt.

Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Related Articles

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Read More

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

Read More

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/GascoCPCAlmansoori