(IN BRIEF) The European Investment Bank has approved $150 million in financing for Egypt’s Obelisk hybrid solar and battery storage project, coinciding with the early completion of its first phase in Qena Governorate. Developed by Scatec, the project combines large-scale … Read the full press release →
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Technology
Tagged African Development Bank, Battery Energy Storage System, British International Investment, clean power generation, EBRD, Egypt energy security, Egypt solar energy, EIB Global, energy transition, EU NDICI guarantee, European Investment Bank, hybrid solar power, Obelisk Hybrid Solar Project Secures Major European Backing in Egypt, Obelisk project, Qena Governorate, renewable energy financing, Scatec, Team Europe
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