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European Investment Bank — Press releases·EG·

EIB provides up to $90 million for one of the largest solar and battery projects in Egypt and Africa

The European Investment Bank (EIB), through EIB Global, its development arm, is providing a loan of up to $90 million, guaranteed by the European Union EFSD+, to finance the first phase of the Dandara Solar PV and battery energy storage project in Egypt. Located in Qena Governorate, the project will expand renewable electricity generation and support cleaner industrial production in the country.

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