Norwegian firm Scatec said recently that it signed shareholder agreements with Norfund and renewable project developer EDF Power Solutions for a partnership in Egypt’s Obelisk hybrid project.

Under the deal, Norfund will take a 25 percent stake in the project holding company, while Scatec will retain 75 percent. EDF Power Solutions will hold 20 percent of the operating company, giving Scatec and Norfund total economic interests of 60 percent and 20 percent respectively.

For more information, please see https://www.ecofinagency.com/news-industry/0812-51205-egypt-scatec-brings-partners-into-590m-obelisk-solar-and-battery-project