(Ecofin Agency) – In Egypt, Emirati companies such as AMEA Power and Masdar are at the heart of renewable energy projects and actively supporting the energy transition through large-scale solar or wind units.
The Emirati renewable energy company AMEA Power commissioned its Abydos photovoltaic solar power plant with a capacity of 500 MW on Saturday, December 14, in the governorate of Aswan in Egypt.
After 18 months of work, the plant, financed by the International Finance Corporation (IFC), the Netherlands Development Finance Corporation (FMO) and the Japan International Cooperation Agency (JICA), will produce around 1,500 GWh of clean energy per year. , enough to power around 300,000 homes while offsetting 782,300 tonnes of CO emissions2.
It demonstrates the technical expertise acquired by AMEA Power since its founding in 2016 and its commitment to developing the renewable potential in Africa, particularly in Egypt. The company also announced the signing of a land agreement and an electricity sales agreement for another 500 MW wind project in the country.
« I am proud to announce that the Abydos solar power plant, with a capacity of 500 MW, is now fully operational. This is a historic achievement that highlights the dedication of our team, the strength of collaboration and the importance of empowering local communities. It is an important step in Egypt’s renewable energy strategy » commented Hussain Al Nowais, Chairman of AMEA Power.
In September 2024, AMEA signed a power sales agreement for a 1000 MW solar photovoltaic plant with 600 MWh battery storage system, in the Benban region of Egypt. The company presents it as the largest hybrid project in Africa.
Along with another Emirati company, Masdar, AMEA Power plays an important role in promoting renewable energy on the continent, providing equity capital and engaging large financial institutions in its projects.
Abdullah Diop
