Middle East / Africa
Country summary: Egypt
| Current deals: | 1 |
| Licensing articles: | 112 |
| Completed deals: | 107 |
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Egypt - recent news
| 28 Oct 26 |
Egypt: Scatec secures financing for the first phase of the Dandara solar and BESS project in Egypt Scatec, a leading renewable energy solutions provider, has signed loan agreements for the first phase of the Dandara (Egypt Aluminium) project in Egypt and is starting construction of the power plant. The first phase of the project comprises a 569 MW solar plant and a 100-MWh battery energy storage system, supplying renewable electricity to Egypt Aluminium under a 25-year power purchase agreement. |
| 27 Oct 26 |
Saipem and Modern Drilling Company join forces to pursue new offshore drilling opportunities Saipem and Modern Drilling Company (MDC), one of the leading drilling contractors in Egypt and across the Middle East and North Africa (MENA) region, have signed a Memorandum of Understanding (MoU) to explore new cooperation opportunities in offshore drilling, starting from the Egyptian market and potentially extending to other countries of mutual interest. |
| 22 Oct 26 |
Egypt: Scatec and EBRD establish renewable energy investment platform in Egypt Scatec, a leading renewable energy solutions provider, and the European Bank for Reconstruction and Development ('EBRD') have signed a share purchase agreement establishing a renewable energy investment platform for Egypt. The platform will be owned 60% by Scatec and 40% by EBRD. EBRD has committed up to USD 221 million to the platform. |
| 20 Oct 26 |
Egypt: Eni launches start-up activities for the Meleiha Phase 2 project in Egypt’s Western Desert Eni, through Agiba Petroleum Company, the joint venture between Eni and EGPC (Egyptian General Petroleum Corporation), has launched the start-up activities of the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert. |
| 01 Oct 26 |
Egypt: Scatec starts construction of the 900 MW Shadwan wind project in Egypt Scatec, in partnership with EDF power solutions ('EDF'), has started construction of the 900 MW Shadwan onshore wind project in Egypt. In connection with the project, Scatec has signed equity bridge loan (EBL) agreements totalling USD 150 million with The Arab Energy Fund (TAEF). The 3-year EBL facility comprises USD 50 million for Shadwan and USD 100 million for the 1,950 MW solar 3,935 MWh BESS Energy Valley project. |
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