Latest news with #AMEAPower
Zawya
10 hours ago
- Business
- Zawya
AMEA Power commissions Africa's largest wind power plant in Egypt
AMEA Power commissioned its 500 megawatt (MW) wind power plant in Egypt, the largest operational wind farm in Africa, according to a press release. Located in Ras Ghareb in the Red Sea Governorate, the facility anchors Egypt's leadership in the continent's renewable energy transition. This follows the commissioning of AMEA Power's 500MW Solar PV plant in Aswan, bringing the company's total commissioned capacity in Egypt to 1 gigawatt (GW) within just six months. The Amunet Wind Power Plant is a joint venture (JV) between AMEA Power (60%) and Sumitomo Corporation (40%). It is expected to generate around 2,500 gigawatt hour (GWh) of clean electricity annually, which is enough to power more than 500,000 homes. The plant is also projected to offset 1.4 million tons of CO₂ emissions annually. The construction phase secured over 800 job opportunities at peak, supporting AMEA Power's commitment to job creation, skills development, and inclusive growth The project, which was completed 2.5 months ahead of schedule, was financed by a consortium of leading international financial institutions, including the Japan Bank for International Cooperation (JBIC), International Finance Corporation (IFC), Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Standard Chartered Bank. Meanwhile, the commercial tranche was backed by insurance from Nippon Export and Investment Insurance (NEXI), with additional working capital support from the Commercial International Bank-Egypt (CIB). Hussain Al Nowais, Chairman of AMEA Power, said: 'Bringing 1GW of clean energy online in such a short period is a tremendous achievement and a reflection of our deep commitment to delivering impactful renewable energy solutions. This is the future of power generation in Africa – clean, inclusive, and transformational' All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Yahoo
12 hours ago
- Business
- Yahoo
AMEA Power commissions 500MW Amunet wind plant in Egypt
Renewable energy provider AMEA Power has commissioned a 500MW wind power plant in Ras Ghareb, in Egypt's Red Sea Governorate. The facility is the largest operational wind farm in Africa and a joint venture between AMEA Power (60%) and Sumitomo (40%). It is expected to generate 2,500 gigawatt hours (GWh) of clean electricity annually, sufficient to power 500,000 homes and reduce CO₂ emissions by 1.4 million tonnes per year. The construction phase of the project created significant local economic benefits, employing 800 workers at its peak and highlighting AMEA Power's dedication to job creation and inclusive growth. Completed 2.5 months ahead of schedule, the wind farm exemplifies the company's ability to efficiently execute complex renewable energy projects. AMEA Power chairman Hussain Al Nowais stated: 'The commissioning of the 500MW wind power plant in the Red Sea Governorate marks a significant milestone for AMEA Power and for Egypt. Bringing 1GW of clean energy online in such a short period is a tremendous achievement and a reflection of our deep commitment to delivering impactful renewable energy solutions. This is the future of power generation in Africa – clean, inclusive and transformational.' Financing for the wind farm was secured through a consortium of international financial institutions: IFC, JBIC, Standard Chartered Bank, Sumitomo Mitsui Banking and Sumitomo Mitsui Trust Bank. The commercial tranche received insurance from NEXI, with additional support from the Commercial International Bank of Egypt. The commissioning follows the recent launch of AMEA Power's 500MW Solar PV plant in Aswan, bringing the company's total capacity in Egypt to 1GW in six months. In a further expansion of its renewable energy portfolio, AMEA Power secured two BESS projects in South Africa in January 2025. The Gainfar and Boitekong projects, each with more than 300MW capacity, will provide critical power to the national grid. "AMEA Power commissions 500MW Amunet wind plant in Egypt" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
2 days ago
- Business
- Zawya
AMEA Power commissions Africa's largest wind power plant – A 500MW landmark in Egypt
The wind facility will provide clean electricity to over 500,000 households and offset more than 1.4 million tons of CO₂ emissions annually. Dubai, UAE – AMEA Power, one of the fastest-growing renewable energy companies in the region, today announced the successful commissioning of its 500MW Wind Power Plant in Egypt. Located in Ras Ghareb in the Red Sea Governorate, the facility is now the largest operational wind farm in Africa—solidifying Egypt's leadership in the continent's renewable energy transition. This milestone follows the recent commissioning (November 2024) of AMEA Power's 500MW Solar PV Plant in Aswan, bringing the company's total commissioned capacity in Egypt to 1 gigawatt (GW) within just six months. This rapid deployment marks a significant achievement in scaling up clean and reliable energy. The Amunet Wind Power Plant is a joint venture between AMEA Power (60%) and Sumitomo Corporation (40%). It is expected to generate approximately 2,500 GWh of clean electricity annually—enough to power more than 500,000 homes—while offsetting 1.4 million tons of CO₂ emissions each year. The construction phase delivered substantial local economic benefits, employing over 800 workers at peak and demonstrating AMEA Power's commitment to job creation, skills development, and inclusive growth. In line with its focus on community engagement, the company also conducted health and safety training sessions for youth in the surrounding area, supporting long-term capacity building and socio-economic development. The project was completed 2.5 months ahead of schedule, underlining AMEA Power's ability to execute complex renewable energy projects with speed and precision. The wind farm was financed by a consortium of leading international financial institutions, including the Japan Bank for International Cooperation (JBIC), International Finance Corporation (IFC), Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Standard Chartered Bank. The commercial tranche of the financing was backed by insurance from Nippon Export and Investment Insurance (NEXI), with additional working capital support from the Commercial International Bank of Egypt. Hussain Al Nowais, Chairman of AMEA Power, said: 'The commissioning of the 500MW Wind Power Plant in the Red Sea Governorate, marks a significant milestone for AMEA Power, and for Egypt. Bringing 1GW of clean energy online in such a short period is a tremendous achievement and a reflection of our deep commitment to delivering impactful renewable energy solutions. This is the future of power generation in Africa – clean, inclusive, and tranformational' AMEA Power's portfolio in Egypt: 500MW Solar PV Plant in Aswan Governorate 500MW Wind Farm in Red Sea Governorate 1,000MW Solar PV with 600MWh Battery Energy Storage System (BESS) in Aswan Governorate An additional 500MW Wind Project in Red Sea Governorate An extension of the 500MW Solar PV Plant with a 300MWh BESS in Aswan Governorate 500MWh BESS Project in Zarfana 1,000MWh BESS Project in Benban About AMEA Power Headquartered in Dubai, AMEA Power is a developer, investor, owner and operator of renewable energy projects. As one of the fastest-growing renewable energy companies in the region, AMEA Power has assembled a world-class team of industry experts to deliver projects across Africa, the Middle East, and emerging Asia. With projects in 20 countries, a 6GW+ project pipeline, and 2,600MW+ in operation and under construction, the company is rapidly expanding its investments in wind, solar, energy storage, and green hydrogen, demonstrating its long-term commitment to the global energy transition. Contacts: E-mail: I Landline For more information, please visit:
Zawya
6 days ago
- Business
- Zawya
Egypt approves $388m in private renewable energy projects for direct industrial supply
Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat, has awarded qualification certificates to four companies selected to operate under the country's newly adopted private-to-private (P2P) power agreement model. The initiative allows private energy producers to generate and sell electricity directly to industrial consumers, marking a transformative step in Egypt's energy liberalization strategy and commitment to sustainable development. The approved projects represent a combined capacity of 400 megawatts and total investments of $388m. Each company will build its own renewable energy power plant and supply electricity directly to industrial clients, while paying a transmission fee to the Egyptian Electricity Transmission Company (EETC). These agreements are structured with no financial burden on the state and do not require sovereign guarantees. Among the newly qualified projects, Neptune for Electricity Production and Sales will supply solar power to the Suez Steel Plant. AMEA Power will provide electricity from its solar facility to the Suez Canal Container Terminal and Bivar Group for Chemicals. TAQA PV is set to supply Ezz Steel through a hybrid solar and wind power station, while ENARA for Renewable Energy Services will generate electricity from a hybrid facility for both the Helwan Fertilizers plant and the Alamein Silicon Products Complex. Minister Esmat stated that the initiative is being implemented in line with Egypt's Electricity Law, which is designed to open the market to competition, enhance efficiency, and attract private investment. He emphasized that liberalizing the electricity sector is a key strategic step in building a dynamic, competitive energy market that reduces costs, improves service quality, and strengthens Egypt's role as a regional energy hub. The Minister highlighted that the P2P framework enables industrial consumers to secure reliable, renewable electricity while contributing to their climate goals. These projects will also allow companies to certify their clean energy usage and reduce emissions, facilitating access to green export markets. Esmat noted that the Egyptian Electric Utility and Consumer Protection Regulatory Agency had completed its review of qualification submissions from seven companies, each proposing 100-megawatt renewable energy projects. The evaluation process was conducted in collaboration with a global consulting firm and the European Bank for Reconstruction and Development (EBRD), which helped develop the regulatory guidelines and legal framework for the P2P agreements. He reaffirmed the Ministry's commitment to building a transparent and investor-friendly environment that enables both producers and consumers to actively participate in Egypt's energy transition. These efforts are integral to supporting the national green economy agenda, expanding renewable energy capacity, and modernizing the country's power infrastructure. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Dubai's AMEA Power, Spain's Cox to set up JV to develop water, power projects
Spanish water and energy company Cox and Dubai-based renewable energy producer AMEA Power have agreed to establish a joint venture to develop, execute, and manage strategic water and energy infrastructure projects across the Middle East, Africa, and Asia. The companies will combine their technical, operational, and financial capabilities to address critical resource challenges in regions with rapidly increasing demand, they said in a joint statement. AMEA Power holds a 3.76 percent stake in Cox as an anchor shareholder, acquired during the latter's IPO in November 2024. No financial details were shared on the joint venture. Cox's current concession portfolio comprises five water assets for up to 945,000 cubic metres per day (m³/day), six energy generation projects and two transmission line concessions. It has delivered more than 8.3 million m³/day in desalination and treatment capacity worldwide. The company operates under a concession-based business model focused on water and energy, and complemented by engineering, procurement, and operations & maintenance (O&M) services. AMEA Power's portfolio comprises a project pipeline exceeding 6 gigawatts (GW) and more than 2,600 megawatts (MW) in operation and under construction. 'We aim to develop projects where access to water and energy complement each other, creating new opportunities where both are essential for the sustainable development of communities,' said Enrique Riquelme, Executive Chairman of Cox. (Writing by P Deol; Editing by Anoop Menon) (
