{"id":14560,"date":"2024-10-08T17:11:27","date_gmt":"2024-10-08T17:11:27","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14560"},"modified":"2024-10-08T17:11:28","modified_gmt":"2024-10-08T17:11:28","slug":"egypt-scatec-awarded-eur-30m-grant-from-ptx-development-fund-for-green-hydrogen-project","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-scatec-awarded-eur-30m-grant-from-ptx-development-fund-for-green-hydrogen-project\/","title":{"rendered":"EGYPT: Scatec Awarded EUR 30M Grant from PtX Development Fund for Green Hydrogen project"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Scatec ASA\u2019s Egypt Green Hydrogen project has today signed an agreement with the PtX Development Fund for a grant of EUR 30 million for partial financing of the project which will have a total capex of approximately EUR 500 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The PtX Development Fund is established by the German Federal Ministry for Economic Cooperation and Development and KfW, and managed by KGAL, with the aim to support Power-to-X projects in developing and emerging countries. This is the first grant approved by the fund.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWe are pleased that our Egypt Green Hydrogen project has been recognised with this EUR 30 million grant from the German government and KfW Group through the PtX Development Fund. This achievement is a testament to the maturity of the project and reaffirms the broad support we have for this project,\u201d says Scatec CEO Terje Pilskog.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Scatec ASA\u2019s Egypt Green Hydrogen project has today signed an agreement with the PtX Development Fund for a grant of EUR 30 million for partial financing of the project which &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-scatec-awarded-eur-30m-grant-from-ptx-development-fund-for-green-hydrogen-project\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[709,11694,4762,11696,11695,9901],"class_list":["post-14560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-egypt","tag-green-hydrogen-project","tag-kfw","tag-kgal","tag-ptx-development-fund","tag-scatec","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/10\/Scatec.jpg?fit=2048%2C1536&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3MQ","jetpack-related-posts":[{"id":8373,"url":"https:\/\/www.oilnewskenya.com\/index.php\/infrastructure-fund-africa50-helps-egypts-solar-power-sector-take-off\/","url_meta":{"origin":14560,"position":0},"title":"Infrastructure Fund Africa50 helps Egypt\u2019s Solar Power Sector take off","author":"","date":"June 18, 2020","format":false,"excerpt":"A 37-square-kilometer solar park so large that it can be seen from space, with over seven million photovoltaic panels, and funding of $4 billion. In Africa? Impossible? Not anymore.Thirty international infrastructure developers got behind this project, investing in Egypt\u2019s massive Benban solar park, which will be the largest in the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Benban-solar-pack.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Benban-solar-pack.jpg?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Benban-solar-pack.jpg?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Benban-solar-pack.jpg?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12010,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africagogreen-fund-receives-over-30m-investments-from-the-afdb-the-sefa-and-the-nordic-development-fund\/","url_meta":{"origin":14560,"position":1},"title":"AfricaGoGreen Fund receives over $30M investments from the AfDB, the SEFA, and the Nordic Development Fund","author":"","date":"March 11, 2022","format":false,"excerpt":"The African Development Bank and the Bank\u2019s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to promote private investments in energy-efficient technologies and business models, with the objective of decarbonising African economies and accelerating the energy\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/green-hydrogen.jpg?fit=1200%2C594&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14115,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rwanda-scatec-sells-stake-in-asyv-solar-power-plant-for-1-38m\/","url_meta":{"origin":14560,"position":2},"title":"RWANDA: Scatec Sells Stake in ASYV Solar Power Plant\u00a0for $1.38M","author":"","date":"December 19, 2023","format":false,"excerpt":"Scatec ASA has signed an agreement with Fortis Green Fund I Rwanda Holdings Ltd and Axian Energy Green Ltd to sell its 54% equity share in the 8.5 MW solar power plant in Rwanda for USD 1.38 million (NOK 14.2 million), in line with the company\u2019s strategy. \u201cThis transaction is\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5366,"url":"https:\/\/www.oilnewskenya.com\/index.php\/scatec-solar-norfund-sign-power-purchase-agreement-for-mozambiques-first-large-scale-solar-plant\/","url_meta":{"origin":14560,"position":3},"title":"Scatec Solar, Norfund sign Power Purchase Agreement for Mozambique&#8217;s first large scale Solar Plant","author":"","date":"November 1, 2016","format":false,"excerpt":"Scatec Solar \u00a0and Norfund \u00a0have signed the Power Purchase Agreement securing\u00a0 the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM). The agreement was signed at a ceremony in Maputo yesterday in the presence of the Norwegian Minister of Foreign Affairs,\u2026","rel":"","context":"In &quot;Renewables 2&quot;","block_context":{"text":"Renewables 2","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/renewables-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Scatec-solar-2.png?fit=600%2C311&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Scatec-solar-2.png?fit=600%2C311&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Scatec-solar-2.png?fit=600%2C311&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11398,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-chad-lesotho-scatec-enters-into-multipledeals-to-deliver-hybrid-solar-storage-plants-in-africa\/","url_meta":{"origin":14560,"position":4},"title":"CAMEROON\/CHAD\/LESOTHO: Scatec Enters into Multiple Deals to Deliver Hybrid Solar &#038; Storage Plants in Africa","author":"","date":"December 16, 2021","format":false,"excerpt":"CAMEROON Release by Scatec has entered into a lease agreement with electricity company ENEO in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW\/19 MWh storage. The plants will supply low cost, clean and reliable electricity in Maroua and Guider in the Grand-North\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5418,"url":"https:\/\/www.oilnewskenya.com\/index.php\/the-african-legal-support-facility-receives-5-million-euro-from-kfw\/","url_meta":{"origin":14560,"position":5},"title":"The African Legal Support Facility receives 5 million euro from KfW","author":"","date":"November 23, 2016","format":false,"excerpt":"The African Legal Support Facility (ALSF) and the KfW Development Bank have signed a Memorandum of Understanding (MoU), which provides modalities for cooperation between them, including a \u20ac 5-million KfW grant to support ALSF activities. The support is aimed at strengthening the institutional development of the ALSF. Further, with KfW\u2019s\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/ALSF_ok.jpg?fit=200%2C235&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14560"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14560\/revisions"}],"predecessor-version":[{"id":14562,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14560\/revisions\/14562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14561"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}