Latest news with #AlNowaisInvestments
Zawya
2 days ago
- Business
- Zawya
Egypt launches 2 separate energy storage plants with 1,500 MWh capacity in Aswan, Red Sea
Egypt - Mahmoud Esmat, Minister of Electricity and Renewable Energy, has met with Hussain Al Nowais, Chairperson of AMEA Power (part of the UAE's AlNowais Investments), at the Ministry of Electricity's headquarters in the New Administrative Capital to explore expanding renewable energy and battery-based energy storage projects in Egypt. The discussion centered on plans to establish Egypt's first stand-alone energy storage plants. These plants are designed to optimize the use of renewable energy and enhance the stability of Egypt's unified electricity grid, especially during peak demand times. This initiative supports the Ministry's strategy to increase reliance on renewable energy sources, optimize conventional fuel usage, reduce carbon emissions, and encourage private sector participation in national energy projects. The goal is for 42% of Egypt's energy mix to come from clean energy by 2030, with 65% of total power generation expected to come from renewables by 2040. During the meeting, Minister Esmat provided an update on several key energy projects, including the Abydos 2 solar power project, which has a capacity of 1,000 MW and will be paired with a 600 MWh battery storage station currently under construction in Aswan Governorate. Esmat also discussed the Amont 2 wind power project (500 MW) in the Ras Shukeir area. The discussion also covered the progress of Egypt's first-ever stand-alone energy storage stations — two separate stations with a combined storage capacity of 1,500 MWh — being developed in Aswan and the Red Sea Governorates. These stations will be connected to the national electricity grid and play a crucial role in stabilizing grid operations and accommodating more renewable energy. Minister Esmat noted that the electricity sector had successfully introduced battery-based energy storage systems in Egypt in recent months. Currently, there is a functioning station in Aswan, managed by AMEA Power, which adds 300 MWh of storage capacity to the grid. Work is ongoing to expand storage facilities, especially stand-alone stations, as part of a broader plan to enhance grid capacity and reliability. He stressed that energy storage systems are essential for maintaining grid stability and ensuring a continuous supply of electricity, particularly as renewable energy becomes a larger part of the energy mix. Esmat also highlighted the vital role the private sector plays in Egypt's energy strategy, emphasizing its leadership in driving energy projects and expanding storage capacity to meet future energy demands. © 2025 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
2 days ago
- Business
- Daily News Egypt
Egypt launches 2 separate energy storage plants with 1,500 MWh capacity in Aswan, Red Sea
Mahmoud Esmat, Minister of Electricity and Renewable Energy, has met with Hussain Al Nowais, Chairperson of AMEA Power (part of the UAE's AlNowais Investments), at the Ministry of Electricity's headquarters in the New Administrative Capital to explore expanding renewable energy and battery-based energy storage projects in Egypt. The discussion centered on plans to establish Egypt's first stand-alone energy storage plants. These plants are designed to optimize the use of renewable energy and enhance the stability of Egypt's unified electricity grid, especially during peak demand times. This initiative supports the Ministry's strategy to increase reliance on renewable energy sources, optimize conventional fuel usage, reduce carbon emissions, and encourage private sector participation in national energy projects. The goal is for 42% of Egypt's energy mix to come from clean energy by 2030, with 65% of total power generation expected to come from renewables by 2040. During the meeting, Minister Esmat provided an update on several key energy projects, including the Abydos 2 solar power project, which has a capacity of 1,000 MW and will be paired with a 600 MWh battery storage station currently under construction in Aswan Governorate. Esmat also discussed the Amont 2 wind power project (500 MW) in the Ras Shukeir area. The discussion also covered the progress of Egypt's first-ever stand-alone energy storage stations — two separate stations with a combined storage capacity of 1,500 MWh — being developed in Aswan and the Red Sea Governorates. These stations will be connected to the national electricity grid and play a crucial role in stabilizing grid operations and accommodating more renewable energy. Minister Esmat noted that the electricity sector had successfully introduced battery-based energy storage systems in Egypt in recent months. Currently, there is a functioning station in Aswan, managed by AMEA Power, which adds 300 MWh of storage capacity to the grid. Work is ongoing to expand storage facilities, especially stand-alone stations, as part of a broader plan to enhance grid capacity and reliability. He stressed that energy storage systems are essential for maintaining grid stability and ensuring a continuous supply of electricity, particularly as renewable energy becomes a larger part of the energy mix. Esmat also highlighted the vital role the private sector plays in Egypt's energy strategy, emphasizing its leadership in driving energy projects and expanding storage capacity to meet future energy demands.
Morocco World
19-06-2025
- Business
- Morocco World
YNNA Group, AMEA Power to Develop 100-Megawatt Wind Farm in Laayoune
Rabat – Moroccan industrial company YNNA Group, and subsidiary of Emirati conglomerate Al Nowais Investments, AMEA Power, announced a joint agreement to develop a 100-megawatt wind farm in Morocco's Laayoune. The power plant's construction is set to begin by the end of 2025, with operations scheduled to start in 2027. The power plant is expected to prevent over 330,000 tons of CO2 emissions annually. A joint statement released today from the groups said that the joint venture stems from a shared ambition to contribute to Morocco's national energy transition strategy and support the country's goals in decarbonization and energy sovereignty. CEO of YNNA Group, Mama Tajmouati, said the partnership marks a decisive turning point for YNNA, reflecting the group's commitment to building a competitive, sovereign, and low-carbon energy model to serve Morocco and the two subsidiaries. 'This is a tangible step toward a sustainable future aligned with the Kingdom's ambitions,' the groups said. Chairman of AMEA Power, Hussain Al Nowais, also expressed satisfaction with the new partnership, noting that the agreement aims to deliver a major project in Morocco. Describing Morocco as a sister nation to the UAE, AMEA Power chairman stressed that the partnership is fully aligned with the company's commitment to developing sustainable, accessible energy solutions with a strong local impact. 'Morocco is a key market for AMEA Power, and we are determined to expand our footprint here through large-scale investments,' Al Nowais said. Morocco's energy efficiency is the 'second pillar' of Morocco's national energy strategy, Minister of Energy Benali said earlier this year, noting that an estimated 100,000 job opportunities are also expected by 2030. The country also aims to produce 52% of its energy through clean renewable sources by 2030. Tags: morocco on renewable energyRenewable Energy Investment
