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Title:

Egypt’s National Bank takes 20% stake in Scatec’s Obelisk project

Detail:

National Bank of Egypt has acquired a 20% equity interest in Scatec ASA’s 1.1 GW Obelisk solar and battery energy storage system (BESS) project, reducing the Norwegian developer’s economic interest to 40% while leaving it in majority control through a layered ownership structure.

Country:

International

Source:

PV-Magazine

Published Date:

05.05.2026

URL:

View Original URL

Regions:

Africa Asia Australia Europe North America Oceania South America

Sectors:

Construction Computer Hardwares and Consumables

Project News Details

Title	Egypt’s National Bank takes 20% stake in Scatec’s Obelisk project
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Detail	National Bank of Egypt has acquired a 20% equity interest in Scatec ASA’s 1.1 GW Obelisk solar and battery energy storage system (BESS) project, reducing the Norwegian developer’s economic interest to 40% while leaving it in majority control through a layered ownership structure.
Country	International
Source	PV-Magazine
Regions	Africa Asia Australia Europe North America Oceania South America
Sectors	Construction Computer Hardwares and Consumables
Published Date	05.05.2026
Original Url	Original Url
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Title
Egypt’s National Bank takes 20% stake in Scatec’s Obelisk project
Detail
National Bank of Egypt has acquired a 20% equity interest in Scatec ASA’s 1.1 GW Obelisk solar and battery energy storage system (BESS) project, reducing the Norwegian developer’s economic interest to 40% while leaving it in majority control through a layered ownership structure.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Construction Computer Hardwares and Consumables
Published Date
05.05.2026
Original Url
View Original Url
Share

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Egypt’s National Bank takes 20% stake in Scatec’s Obelisk project

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Egypt’s National Bank takes 20% stake in Scatec’s Obelisk project

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