AI Summary

Scatec has secured $217 million in non‑recourse loans from the European Bank for Reconstruction and Development, the African Development Bank and the European Investment Bank to fund the first phase of its Dandara solar‑plus‑storage project in Egypt. The initial phase will combine 569 MW of solar capacity with 100 MWh of battery storage, costing $271 million, and construction has already begun. Scatec will serve as the EPC contractor and will also handle asset management and O&M services. Commercial operation is targeted for the first half of 2028, with the second phase slated to start construction in the first half of 2027.

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