Scatec Fertiglobe hydrogen project Egypt risk premium support. Scatec has applied for and been approved grant support to reduce the risk premium in the long term financing of the Fertiglobe green hydrogen project in Egypt. Scatec is developing the project on a build own operate basis with partners and will invest in wind and solar power plants and an electrolyser to produce green hydrogen gas based on renewable energy and sell the hydrogen to green ammonia production.

The Norad grant will reduce the financing cost and mobilize Scatec investment in the project.