Company profile
Dandara Solar Power S.A.E.
Dandara Solar Power SAE is an Egypt-incorporated special-purpose vehicle wholly owned by Scatec ASA. The company was established to finance, construct and develop a 500 MW solar photovoltaic plant with a 100 MWh battery energy storage system in Nagaa Hammadi, Egypt. Electricity generated by the project will be sold to Misr Aluminum Company, also known as EgyptAlum, under a long-term take-or-pay Power Purchase Agreement. The project is supported by senior debt financing of up to USD 80.0 million from the European Bank for Reconstruction and Development and benefits from first-loss risk cover through the European Fund for Sustainable Development Plus Hi-Bar guarantee programme. The project is designed to support Egypt’s energy transition and industrial decarbonisation by supplying renewable electricity to one of the country’s major aluminium producers.
- Sector
- Financial services / Investment Holding & SPVs
- Markets
- Egypt
- Ownership
- Private
- Capital raised
- $219m
Products and services
Dandara Solar PV Power Plant, Battery Energy Storage System, Renewable Electricity Supply under Corporate Power Purchase Agreement & Operations and Maintenance Services
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 29 Oct 2026 | European Bank for Reconstruction and Development (EBRD) and partners invest USD 63 million in the Dandara Solar Power project in Egypt | Infrastructure & Project Finance | $63m | Egypt |
| 29 Oct 2026 | The European Investment Bank (EIB) invests USD 90 million in the Dandara Solar PV and battery energy storage project in Egypt | Infrastructure & Project Finance | $90m | Egypt |
| 14 Jul 2026 | African Development Bank Group and the Climate Investment Fund invest USD 66 million in Egypt's Dandara Solar Project | Private Credit | $66m | Egypt |
Source: Partner Researchers.