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...

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