HAU Energy and Infinity Power secure financing for solar with BESS project in Egypt
HAU Energy and Infinity Power have secured debt financing of up to $566 million for the development of the Nefer Minya solar photovoltaic project in Minya, Egypt. The financing package includes up to $265 million arranged by the European Bank for Reconstruction and Development (EBRD). The EBRD-arranged financing includes $160 million from its own funds, $75 million mobilised from the Bank of Jordan, and up to $30 million in concessional financing from the Clean Technology Fund.
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