A small part of Egypt will end up covered in solar panels installed by Norwegian company Scatec Solar. Six solar panels with total capacity of 400 MW will be erected by Scatec over coming years, the company writes Tuesday in a brief to the stock exchange.
The farms will be installed in the wake of a 25-year electricity sales agreement with the Egyptian government, where the price and conditions for selling the electricity from the farms is guaranteed. The farms will be constructed in the northern part of Egypt and will deliver a total 870 GWh of electricity per year. The solar panel farms, developed in Norway, are part of the 2 GW solar power program passed by the Egyptian government in 2015.
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