Asia Connect
Scatec secures US$479 million loan for solar-BESS project in Egypt
Power to be sold to Egyptian Electricity Transmission Company under a 25-year PPA
Michael Marray
25 Jun 2025
The European Bank for Reconstruction and Development ( EBRD ), African Development Bank ( AfDB ) and British International Investment ( BII ) are lending US$479 million for a 1.1-gigawatt solar photovoltaic ( PV ) power plant integrated with a 200-megawatt-hour battery energy storage system ( BESS ) in Egypt’s Nagaa Hammadi region.
