12:52 AM EDT, 10/23/2026 (MT Newswires) -- Scatec (SCATC.OL) is partnering with the European Bank for Reconstruction and Development to develop a renewable energy investment platform in Egypt through a holding vehicle. Under a share purchase agreement, EBRD will invest $221 million in the platform, including $170 million as equity and the remainder as project-level guarantees, according to a Thursday release. The renewable energy group will own a 60% stake in the platform, while EBRD will hold the remaining 40%.

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