Egypt, Oct. 29 -- The European Investment Bank (EIB), through EIB Global, its development arm, is providing a loan of up to $90 million, guaranteed by the European Union EFSD+, to finance the first phase of the Dandara Solar PV and battery energy storage project in Egypt. Located in Qena Governorate, the project will expand renewable electricity generation and support cleaner industrial production in the country.Phase 1 consists of a 569 MWp solar photovoltaic plant and an associated 100 MWh battery energy storage system. It will be developed, constructed, operated and maintained by Dandara Solar Power S.A.E., a project company that will be owned by the Norwegian renewable energy developer Scatec ASA (The Lead Developer).The plant will supp...