Scatec reaches financial close for the 1.1GW solar + 100MW/200MWh BESS Obelisk project
Globenewswire·2025-06-15 14:03
Oslo/Cairo, 15 June 2025: Scatec ASA has reached financial close for the “Obelisk” hybrid solar and battery storage project in Egypt. The non-recourse project financing comprises USD 479.1 million provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII). The financing amount corresponds to approximately 80% of total estimated capex of USD 590 million. “Reaching financial close for this project marks a major mileston ...