EBRD, Scatec Team Up on $221 Mn Egypt Clean Energy Platform

Scatec ASA and EBRD have created a $221 million renewable energy investment platform in Egypt to finance solar, wind, and battery storage projects, aiming to add 2.7 GW solar, 900 MW wind, and 4.2 GWh battery storage capacity. The platform holds significant equity stakes in major projects like Obelisk solar and Shadwan wind farm, supporting Egypt’s clean energy expansion and energy security.

This Wire brief sits within Fusion42's coverage of Clean Energy.