Latest news with #RasGhareb
Zawya
3 days ago
- Business
- Zawya
AMEA Power launches 500MW wind farm in Egypt
Arab Finance: AMEA Power has successfully commissioned a 500-megawatt wind power plant in Ras Ghareb, Egypt, marking the largest operational wind farm on the African continent, as per a statement. The project reinforces Egypt's role as a key player in Africa's renewable energy transition. Developed as a joint venture between AMEA Power, which holds a 60% stake, and Japan's Sumitomo Corporation with 40%, the Amunet Wind Power Plant is expected to produce around 2,500 gigawatt-hours of electricity annually. This is enough to power more than 500,000 homes while avoiding 1.4 million tons of carbon dioxide emissions each year. The commissioning comes just months after AMEA Power inaugurated a 500MW solar PV plant in Aswan in November 2024. With both projects, the company has now brought 1 gigawatt of clean energy capacity online in Egypt within six months. Constructed 2.5 months ahead of schedule, the wind farm employed over 800 workers at peak and included local training programs aimed at youth in nearby communities. The initiative reflects AMEA Power's focus on socio-economic development, job creation, and long-term skills building. The project was financed by a consortium 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 was insured by Nippon Export and Investment Insurance (NEXI), with working capital support from Egypt's Commercial International Bank (CIB). The Ras Ghareb wind farm is part of AMEA Power's expanding portfolio in Egypt, which also includes its Aswan solar plant and several other pipeline projects. These include a 1,000-megawatt solar PV development with 600-megawatt-hour battery storage in Aswan, a second 500-megawatt wind project in the Red Sea Governorate, an extension of the Aswan solar plant with a 300-megawatt-hour storage system, a 500-megawatt-hour battery energy storage project in Zarfana, and a 1,000-megawatt-hour facility planned for Benban. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days 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. (
Zawya
5 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:
