Scatec ASA has signed a USD-denominated 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC).
The agreement is for a 900 MW onshore wind project in Ras Shukeir, Egypt. Furthermore, the signing of the PPA will be followed by wind measurements on the site. The measurements are to be finalised in the first half of 2026. This will be done before the wind project advances towards financial close and construction.