Construction starts on Egypt's 569-megawatt Dandara solar park with $217 million in development-bank loans

Scatec has signed $217 million in loans from the European Bank for Reconstruction and Development, the African Development Bank and the European Investment Bank, and is starting construction on the first phase of the Dandara solar project in Egypt — 569 megawatts of solar plus a 100-megawatt-hour battery. The power will supply Egypt Aluminium under a 25-year agreement. The first phase represents an investment of about $271 million.

SDG 7 · Affordable and clean energy — Mechanism: funding & finance