Scatec ASA

Regulatory Filings • Jan 11, 2026

Scatec signs landmark PPA in Egypt for 1.95 GW Solar and 3.9 GWh BESS capacity

Scatec signs landmark PPA in Egypt for 1.95 GW Solar and 3.9 GWh BESS capacity

Oslo/Cairo, 11 January 2026: Scatec ASA, a leading renewable energy solutions

provider, has signed a Power Purchase Agreement (PPA) with the Egyptian

Electricity Transmission Company (EETC) for a total capacity of 1.95 GW Solar

and 3.9 GWh Battery Energy Storage Systems (BESS) in Egypt.

Under the agreement Scatec will deliver one integrated Solar and BESS hybrid

system designed to deliver continuous, around-the-clock renewable baseload

power. In addition, Scatec will develop two standalone BESS projects aimed at

providing essential grid stability and support services. The combined capacity

will be the largest solar and BESS installation in Africa and the largest

investment in Scatec's history.

"Signing this groundbreaking PPA further cements Scatec's leading position and

commitment to delivering reliable, renewable energy at a large scale in Africa.

By integrating advanced solar and battery technologies, we are providing Egypt

with sustainable, around-the-clock power and grid stabilising services,

supporting both the country's energy transition and the region's long-term

economic development," says Scatec CEO Terje Pilskog.

Scatec will be compensated under a 25-year, USD-denominated pay-as-produced

Power Purchase Agreement (PPA), linked to the electricity generated by the

hybrid system. The plant is expected to deliver approximately 6,000 GWh of

renewable energy annually.

Scatec will provide Engineering, Procurement and Construction (EPC), Asset

Management (AM) and Operations & Maintenance (O&M) services for the projects. By

leveraging its proven expertise from similar large-scale hybrid and BESS

projects, Scatec will ensure efficient delivery and management through all

phases of the project.

Scatec is the lead developer of the projects and will invite additional equity

partners. Further details on capital expenditure, EPC scope and financing

structure will be disclosed at financial close, which is expected in the second

half of 2026.

For further information, please contact:

For analysts and investors:

Andreas Austrell, SVP IR

andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)

+47 974 38 686

For media:

Meera Bhatia, SVP External Affairs & Communications

meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

+47 468 44 959

About Scatec

Scatec is a leading renewable energy solutions provider, accelerating access to

reliable and affordable clean energy in emerging markets. As a long-term player,

we develop, build, own, and operate renewable energy plants, with 6.2 GW in

operation and under construction across five continents today. We are committed

to grow our renewable energy capacity, delivered by our passionate employees and

partners who are driven by a common vision of 'Improving our Future'. Scatec is

headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the

ticker symbol 'SCATC'. To learn more, visit www.scatec.com or connect with us on

LinkedIn.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act