During a meeting with Egyptian Minister of Investment and Foreign Trade Mohamed Farid, Pilskog expressed the company’s appreciation for government support provided to renewable energy projects. The meeting reviewed Scatec’s role as a leading international developer, financier, builder, and operator of renewable energy projects. The country’s capabilities in renewable energy production and its strategic location are seen as key drivers for exporting energy and low-carbon products to external markets, particularly Europe. Plans to expand solar energy projects and electricity storage systems were also reviewed. These initiatives aim to provide stable, clean energy 24 hours a day, thereby supporting export-oriented industries and enhancing their global competitiveness.

Source: Daily News Egypt February 24, 2026 17:18 UTC