UN body to certify Scatec Solar projects in Africa including Benban
The United Nations Framework Convention on Climate Change (UNFCCC) will certify and credit carbon emissions avoided from solar electricity generated by three Scatec Solar power plants in Africa, with Egypt’s Benban project undergoing validation. The certification establishes that the carbon emissions avoided from the solar facilities are real, verifiable and permanent. The successful registration of […]
Scatec Solar hoping for compromise deal to keep Egypt solar scheme
A group of developers, including Scatec Solar, are renegotiating the terms of their power purchase agreements (PPA) with the Egyptian government in an effort to keep them on the existing timetable. Enel Green Power had previously confirmed that it had put its operations in the country on hold. A second consortium that won capacity in […]
Scatec Solar to invest $650 million in 5 solar energy projects in Egypt
Negotiations with seven international banks to finance 70% of the project, most notably IFC and EBRD. Scatec Solar company seeks to pump $650m in renewable energy investments to establish five solar energy projects with a capacity of 250 MW, according to the company’s CEO Raymond Carlsen. Carlsen sat down for an interview with Daily News […]