Scatec’s innovative Egyptian green bond brings new private lenders into Benban

Issue 460 - 08 May 2022 - By John Hamilton

The refinancing of six plants at the Benban solar park in Upper Egypt is a key landmark for strategic investors Scatec and Africa50, but also for the lenders involved in the newly issued green bond and for the Egyptian government. By crowding private sector capital into renewable energy (RE) projects, the transaction is an example of blended finance in action. It could point the way to further private sector support for African RE projects

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