The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to USD 120 million (EUR 111.4m) to support the construction and development of a 1-GW solar project, coupled with storage, implemented and owned by Scatec ASA (<a href="https://live.euronext.com/en/product/equities/no0010715139-xosl" target="_blank">OSL:SCATC</a>) in Egypt.