The special purpose vehicle is developing a 1.2 GW solar plant and 600 MWh battery energy storage system in Minya, Egypt.
The special purpose vehicle is developing a 1.2 GW solar plant and 600 MWh battery energy storage system in Minya, Egypt.
Up to $30 million in concessional financing comes from the Climate Investment Funds' Clean Technology Fund.
The aggregate debt package totals up to $566 million, according to the EBRD.
The EBRD's project disclosure puts total project cost at $764 million. Electricity will be sold to Egyptian Electricity Transmission Co. under a 25-year power purchase agreement.
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