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News 2026-10-01 12:54 UTC

Scatec ASA Starts 900 MW Egypt Wind Project, Secures $150M EBL

Scatec ASA has commenced construction on the 900 MW Shadwan wind project in Egypt. The company also secured $150 million in three-year equity bridge loans from The Arab Energy Fund, with $50 million allocated to the Shadwan project and $100 million to the Energy Valley project. The total capital expenditure for Shadwan