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Monday, May 18, 2026 15:46 GMT
The European Bank for Reconstruction and Development (EBRD) will provide a senior debt financing of up to US$70 million for a renewable energy project in Egypt that includes a 200-megawatt (MV) solar plant and a 120-megawatt-hour battery energy storage system, according to a project summary. The financing will go to Nefer Benban for Renewable Energy, a special purpose vehicle (SPV) established to develop, construct, and operate the project in Benban near Aswan in southern Egypt. The project...More