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Egypt’s biggest solar-plus-storage project shows how blended capital is shaping grid-scale energy
Scatec’s Obelisk project in Egypt combines heavy development-finance debt, layered equity, and a fully contracted storage revenue model, offering a case study in financing large clean energy assets.
Key Takeaways
- Scatec commissioned the first phase of the 1.1 GW Obelisk solar and storage project in Egypt.
- The project uses $479.1 million in DFI debt and more than 80% non-recourse financing.
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DT Editorial Team··via pv-magazine.com