Recent events
Recent events tied to this brand in public sources.
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2026
Scatec and National Bank of Egypt agree on Dandara project partnership
Scatec signed a partnership agreement with National Bank of Egypt, which will join the Dandara project with a 20% ownership stake.
2026
Scatec secures financing for Dandara’s first phase
Scatec signed loan agreements for the first phase of the Dandara project in Egypt. The non-recourse project financing totals USD 217 million and is provided by EBRD, AfDB and EIB.
2026
Construction begins on Dandara’s first-phase power plant
Scatec is starting construction of the power plant for the first phase of the Dandara project in Egypt.
2026
Scatec acquires 77 MW Urleasca onshore wind project in Romania from OX2
Scatec ASA signed an agreement to acquire the 77 MW Urleasca onshore wind project in Brăila county, Romania, from OX2. The project is supported by a Contract-for-Difference covering approximately 43 MW at an average price of EUR 71.3/MWh. OX2 will continue to manage the project through commissioning under a Construction and Asset Transfer Agreement. Financial close is targeted in Q3 2026 and targeted COD in the second half of 2028. Total project cost is estimated at EUR 168 million excluding VAT.
2022
Scatec pledges R16 billion for Northern Cape projects
The Northern Cape Government said it had secured an R16 billion investment from Scatec for solar PV and energy storage projects.
2022
Scatec and Egyptian entities agree to develop green ammonia facility
Scatec signed a memorandum of understanding with SCZONE, TSFE, EETC and NREA to jointly develop a green ammonia facility in Egypt, with planned annual production capacity of one million tonnes and potential expansion to three million tonnes.
2021
Scatec forms Egypt green hydrogen project partnership
Scatec announced a partnership with Fertiglobe and the Sovereign Fund of Egypt to develop a green hydrogen facility near Fertiglobe subsidiary EBIC in Ain Sokhna, Egypt. Scatec will build, operate and majority-own the facility; the project targets an investment decision in 2022 and start-up by 2024.
2021
Scatec, Fertiglobe and TSFE agree to develop an Egyptian green hydrogen facility
Scatec entered into an agreement with Fertiglobe and the Sovereign Fund of Egypt to jointly develop a 50–100MW green hydrogen facility as feedstock for green ammonia production. Scatec will build, operate and majority-own the facility.
2021
Scatec signs two-year solar plant lease agreement with Engie
Scatec signed a two-year lease agreement with Engie to provide a mobile plug-and-play solar photovoltaic plant at the hydrogen production plant at Anglo American Platinum's Mogalakwena mine in Limpopo, South Africa.
2021
Scatec launches new logo and profile
Scatec launched a new logo and profile, saying the transformation followed its broadened growth strategy and name change from Scatec Solar.