News
13 May 2025

EBRD backs Egypt’s first solar and battery storage project

In:
Power, Renewables
Region:
Middle East & Africa

EBRD is providing a $30 million equity bridge financing to Obelisk Solar Power, a special purpose vehicle owned by Scatec, to support Egypt’s renewable-energy sector.The funds will contribute to the equity commitments required for the construction of a 1 gigawatt-alternating current...

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