✉news EnvironmentEnergy first seen 8 h ago, last 2 h ago, peak #17
Scatec closes $650 million financing for Egypt solar-storage project
Original: Scatec, investment banks close US$650 million investment for Dandara solar-plus-storage project in Egypt
Norwegian renewable developer Scatec and a group of investment banks have closed US$650 million in investment for the Dandara solar-plus-storage project in Egypt. The financing will support one of the country's large hybrid renewable energy developments, combining solar generation with battery storage, as Egypt works to expand its clean energy capacity and grid stability.
Why now: It is a major financing milestone for one of Egypt's largest solar-plus-storage projects.
ScatecDandara solar-plus-storage projectEgypt
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