Scatec Adds National Bank of Egypt as Shareholder in Obelisk Project
6 maj, 11:32
05:32 AM EDT, 05/06/2026 (MT Newswires) -- Scatec (SCATC.OL) onboarded the National Bank of Egypt as an equity partner in its Obelisk solar and battery storage hybrid project in Egypt.
Under the equity partnership agreement, the National Bank of Egypt will hold a 20% economic interest in the project, according to a Wednesday release.
The deal also brings the Norwegian renewable energy group's economic interest in Obelisk to 40% while retaining majority control through a layered ownership structure. EDF power solutions and Norfund each hold 20%.
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Scatec Adds National Bank of Egypt as Shareholder in Obelisk Project
6 maj, 11:32
05:32 AM EDT, 05/06/2026 (MT Newswires) -- Scatec (SCATC.OL) onboarded the National Bank of Egypt as an equity partner in its Obelisk solar and battery storage hybrid project in Egypt.
Under the equity partnership agreement, the National Bank of Egypt will hold a 20% economic interest in the project, according to a Wednesday release.
The deal also brings the Norwegian renewable energy group's economic interest in Obelisk to 40% while retaining majority control through a layered ownership structure. EDF power solutions and Norfund each hold 20%.
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