African Development Bank Group (AfDB) / Press release | Egypt:
Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated
BII, AfDB, EBRD provide $479m support for
The project is owned by Obelisk Solar Power, a special-purpose vehicle set up by Scatec, which is developing several other solar
Egypt''s 1GW / 200MWh solar-plus-storage project secures EBRD
The European Bank for Reconstruction and Development (EBRD) has provided a US$30 million equity bridge loan to support Egypt''s first major hybrid renewable energy
EBRD, AFDB and BII support pioneering solar and battery
This financing will support the development of a 1.1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh battery energy storage system (BESS) in the country''s
BII signs over $300 million in agreements to accelerate green
BII is providing a $100M concessional loan and a $15M grant to reduce the cost of the BESS component, making the project more viable, attracting private investment, and
AfDB announces $184m for solar and battery storage project
The African Development Bank Group (AfDB) has approved a financing package worth up to $184.1m to support the development of the Obelisk solar photovoltaic project in
BII, AfDB, EBRD provide $479m support for Egyptian solar and
The project is owned by Obelisk Solar Power, a special-purpose vehicle set up by Scatec, which is developing several other solar energy project in the country. The finance
EBRD, AFDB and BII support pioneering solar and
This financing will support the development of a 1.1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh battery energy
Scatec finalizes 1.1 GW solar + 100 MW/200 MWh BESS project
Scatec has reached financial close on its $590 million “Obelisk” hybrid solar and battery project in Egypt.
Solar storage container project financing options in Egypt 2026
By 2026, Egypt plans to add 12 gigawatts of renewable energy, with a focus on wind and solar power. The government has secured $3.5 billion in investments for wind projects and plans to
Financing options for the energy transition
Egypt took the lead in issuing green financing tools in the Middle East and North Africa, starting in September 2020 with its maiden sovereign green bond offering.
Financing Solar Manufacturing in Egypt: A
Learn how to finance your solar manufacturing plant in Egypt. Explore funding from domestic banks, DFIs like the EBRD, and
Financing Solar Manufacturing in Egypt: A Complete Guide
Learn how to finance your solar manufacturing plant in Egypt. Explore funding from domestic banks, DFIs like the EBRD, and government incentives.