Global Trade Alert
Global Trade Alert

Egypt: AfDB provides financing to support Obelisk 1 solar photovoltaic project

Announcement

11 Jun 2025

In June 2025, the African Development Bank Group approved a financing package of up to USD 145.5 million to support the development of Africa’s largest solar energy and battery storage project in Egypt. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Jun 2025

Revocation date:

No revocation date

Updated: 16 Jun 2025
State aid, unspecified In force

On 11 June 2025, the African Development Bank Group (AfDB) approved a financing package of up to USD 145.5 million to support the Obelisk 1-gigawatt solar photovoltaic project and 200 MWh battery e...

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