AFRICA ENERGY INTEL
DEAL / DEAL-20260714-016
$66mDisclosed value
financial closeStage
AConfidence

Dandara Solar Power Project (Phase 1)

Date2026-07-13
MarketEgypt
RegionNorthern Africa
Power poolCOMELEC;EAPP
TechnologyHybrid
Capacity500 MW
Typeproject finance

Financing

reported terms only
Total value$66m
Debt$66m
Equity—
Tariff—
Tenor—
SponsorsDandara Solar Energy Company (Scatec ASA)
LendersAfrican Development Bank; Climate Investment Funds (Clean Technology Fund); European Bank for Reconstruction and Development; European Investment Bank

Counterparties

canonical entity graph
lenderEuropean Investment Bank
lenderEuropean Bank for Reconstruction and Development
lenderClimate Investment Funds
lenderAfrican Development Bank
sponsorDandara Solar Energy Company

Evidence and related records

ConfidenceA
Original sourceOpen evidence ↗
Related project
← All deals · AfDB board approved $66M ($46M ordinary resources + $20M CTF). Total project cost $290M. Phase 1 is 500MW solar + 100MWh BESS.; [auto 2026-07-15] updated value_usd_m;debt_usd_m;stage;notes per https://www.ecofinagency.com/news-industry/1507-57394-egypt-secures-up-to-66-million-from-afdb-for-dandara-solar-project; [merge 2026-07-16] absorbed duplicates DEAL-20260714-029 (Dendera spelling, businesstodayegypt) and DEAL-20260715-011 (LinkedIn) — same AfDB $46m + CTF $20m package. AfDB approval 2026-07-13; also reported 2026-07-14/15. Includes 100MWh BESS.