The African Development Bank Group (AfDB) approved a financing package of up to $184.1 million to support the 1 GW Obelisk solar project in Egypt’s Qena Governorate. This project will also include a 200 MWh battery energy storage system. With a total investment exceeding $590 million, the Obelisk project will be the largest solar project in Africa. The financing includes $125.5 million from AfDB’s resources, $20 million from the Sustainable Energy Fund for Africa, $18.6 million from the Canada-AfDB Climate Fund, $20 million from the Clean Technology Fund, and additional support from other development finance institutions.