News
16 June 2025

Financial close for Scatec’s Obelisk project in Egypt

In:
Power, Renewables
Region:
Middle East & Africa

Scatec ASA has reached financial close for its Obelisk solar and battery storage project project in Egypt.Non-recourse financing of $479 million, totalling around 80% of the $590 million capex, was provided by the EBRD, the AfDB, and BII. The project will be built in two phases: 561MW of solar...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
28 May 2026

Rock Rail NnW: Battery ROSCO combines banks and bonds

John Laing’s €800 million battery-electric ROSCO marks its return to German greenfield PPP. The deal combines a straightforward payment regime with some technology and...

Perspective
03 June 2026

Gatún: AES and InterEnergy go long in Panama

A strong commercial package and generous rating treatment allowed the refinancing of the Gatun CCGT to reach a record maturity for Central America.