Scatec Secures $217 Million Financing and Starts Egypt Solar Project
Scatec signed $217 million in non-recourse loans and began construction of Dandara Phase 1 in Egypt. The project includes 569 MW of solar capacity and a 100-MWh battery system, with power to be sold to Egypt Aluminium under a 25-year PPA backed by a sovereign guarantee.
Scatec ASA signed $217M non-recourse loans for Phase 1 of the Dandara project in Egypt and began construction. The 569 MW solar plus 100-MWh BESS will sell power to Egypt Aluminium under a 25-year PPA backed by a sovereign guarantee.Material DetailsContext by AI AnalystThis is a mid-cycle execution…