Egypt, Oct. 22 -- The European Bank for Reconstruction and Development (EBRD) is supporting the development of large-scale renewable energy and battery storage in Egypt to strengthen the country's energy security.The Bank is taking an equity stake of up to US$ 221 million (€191 million) in an investment vehicle established by Scatec ASA, called Egypt Renewables Holdings B.V., which plans to facilitate the addition of 2.7 GW of solar capacity, 900 MW of wind capacity and 4.2 GWh of battery energy storage to Egypt's renewable energy capacity.Through this investment, the EBRD is acquiring a minority equity stake in the investment vehicle, with Scatec ASA remaining the majority stakeholder. The vehicle will be used to finance the acquisit...