AMEA Power completes US$1.1 Billion deal to deploy 1GW of Wind and Solar Energy in Egypt

AMEA Power, one of the fastest growing renewable energy companies in the Middle East, has announced today that it has achieved the financial close to deliver 1GW of renewable energy projects in Egypt. The landmark 500MW wind and 500MW solar projects, represent US$1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.

Sharing the official press release below. If you would like more information on the projects or would like to arrange a telephone briefing with the chairman of AMEA Power, Hussain Al Nowais, please let me know.

The signing ceremony took place in the presence of HE Mostafa Madbouly, Prime Minister of Egypt, along with representatives of AMEA Power’s partners and financial lenders. The official photographers from the ceremony can be found here - https://we.tl/t-OrvoAXA1Bq

The projects will underpin the renewable energy ambitions of Egypt, along with supporting economic and social development within the region. The Egyptian government is working towards increasing the supply of electricity generated from renewable sources to 42% by 2035.