{"id":577687,"date":"2022-12-01T03:58:53","date_gmt":"2022-12-01T03:58:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/"},"modified":"2022-12-01T03:58:53","modified_gmt":"2022-12-01T03:58:53","slug":"amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","title":{"rendered":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding"},"content":{"rendered":"

<\/a> AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt:<\/strong> Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant<\/a> and 500 MW wind farm<\/a> in Egypt, according to a cabinet statement<\/a>. AMEA Power will build, manage, and operate the two plants, the company said in a statement<\/a>.<\/p>\n

The breakdown: <\/strong>The World Bank\u2019s International Finance Corporation (IFC), Dutch development bank FMO, and Japan International Cooperation Agency (JICA) are collectively providing USD 500 mn for the solar plant. Meanwhile, the USD 800 mn wind farm is receiving USD 500 mn from the Japanese Bank for International Cooperation, the IFC, and three commercial banks \u2014 Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Standard Chartered Bank \u2014 covered in ins. by Nippon Export Investment Ins., according to a statement<\/a> from lead arranger IFC. The IFC also managed to mobilize a working capital facility from CIB, the statement said, without disclosing the exact amount the bank is lending.<\/p>\n

Refresher: <\/strong>The 500 MW wind farm in Ras Ghareb will be built by Amunet, a local special purpose vehicle in which AMEA Power owns a 60% stake and Japan\u2019s Sumitomo Corporation holds the remaining balance. AMEA Power\u2019s solar plant, which is located in Kom Ombo, was expanded from 200 GW to 500 GW in 2020, and is tied to a contract that allows Al Nowais to obtain additional land for further expansions.<\/p>\n

Most affordable power in Africa:<\/strong> Power from the solar park will be priced at USD 0.02 per KWh while wind will cost USD 0.03 per KWh, which the IFC says are the \u201clowest rates in Africa and among the least expensive globally.\u201d<\/p>\n

Project timeline:<\/strong> Construction on both projects is set to begin this month, according to the IFC statement. The solar plant is set to be completed in 18 months, while the wind farm should be finished in 30 months.<\/p>\n

AMEA Power is also getting in on our green ammonia industry:<\/strong> AMEA Power put pen to paper<\/a> at COP27 for a 390k-ton per-year green ammonia plant that could be up and running by the end of 2025 at its 500 MW green hydrogen plant in Ain Sokhna.<\/p>\n

This is the latest in a string of green finance flowing into Egypt:<\/strong> The government managed to secure some USD 10.3 bn<\/a> worth of climate funding agreements<\/a> at COP27 for its flagship Nexus on Water, Food and Energy (NWFE<\/a>) program, which seeks to implement some USD 15 bn worth of projects to turbocharge the country\u2019s green transition. The government will also be looking to drum up a whopping USD 119 bn<\/a> to fund green hydrogen and wind power projects on which it signed initial agreements at the climate summit.<\/p>\n

The news got attention in the foreign press: <\/strong>Reuters<\/a> | Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant and 500 MW wind farm in Egypt, according to a cabinet statement. AMEA Power will build, manage, and operate the […]<\/p>\n","protected":false},"author":1,"featured_media":577688,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,246,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-green-economy","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"2b1668e3-fcdb-4ae6-9555-305ca8073cb8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/6.jpeg","photo_position":"above","related_issue":[577675],"teaser":"","voice_url":""},"yoast_head":"\nAMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding\" \/>\n<meta property=\"og:description\" content=\"AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant and 500 MW wind farm in Egypt, according to a cabinet statement. AMEA Power will build, manage, and operate the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-01T03:58:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding\",\"datePublished\":\"2022-12-01T03:58:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\"},\"wordCount\":467,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"Green Economy\",\"renewables\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\",\"name\":\"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1\",\"datePublished\":\"2022-12-01T03:58:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","og_locale":"en_US","og_type":"article","og_title":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding","og_description":"AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant and 500 MW wind farm in Egypt, according to a cabinet statement. AMEA Power will build, manage, and operate the […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-12-01T03:58:53+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding","datePublished":"2022-12-01T03:58:53+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/"},"wordCount":467,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1","keywords":["energy","EnterpriseAM","Green Economy","renewables"],"articleSection":["Energy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","name":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1","datePublished":"2022-12-01T03:58:53+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":657053,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/15\/amea-power-is-setting-up-a-5-gw-wind-project-in-gulf-of-suez\/","url_meta":{"origin":577687,"position":0},"title":"AMEA Power is setting up a 5 GW wind project in Gulf of Suez","author":"enterpriseam admin","date":"15 December 2024","format":false,"excerpt":"The project is set to be completed by 1Q 2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/265.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643801,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/16\/amea-power-to-invest-usd-800-mn-to-develop-africas-largest-solar-power-plant-and-battery-storage-projects-in-upper-egypt-plus-scatec-two-intl-consortia-set-the-wheels-in-motion-on\/","url_meta":{"origin":577687,"position":1},"title":"AMEA Power to invest USD 800 mn to develop Africa\u2019s largest solar power plant and battery storage projects in Upper Egypt. PLUS: Scatec, two int\u2019l consortia set the wheels in motion on renewables projects.","author":"enterpriseam admin","date":"16 September 2024","format":false,"excerpt":"AMEA will develop a 1 GW solar power plant with 600 MWh battery storage system in Benban \u2014 expected to be Africa\u2019s largest","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661173,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/24\/uaes-amea-to-develop-1-5-gwh-battery-storage-projects\/","url_meta":{"origin":577687,"position":2},"title":"UAE\u2019s AMEA to develop 1.5 GWh battery storage projects","author":"enterpriseam admin","date":"24 February 2025","format":false,"excerpt":"AMEA CTO Mahabir Sharma said last month that the project will cost USD 350 mn","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633664,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/18\/cabinet-approves-amea-powers-renewable-energy-plans\/","url_meta":{"origin":577687,"position":3},"title":"Cabinet approves AMEA Power\u2019s renewable energy plans","author":"enterpriseam admin","date":"18 July 2024","format":false,"excerpt":"AMEA Power is looking to add around 2 GW-worth of energy by next summer","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1406.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":678533,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/21\/amea-power-wraps-financing-for-africas-biggest-solar-plus-storage-plant\/","url_meta":{"origin":577687,"position":4},"title":"Amea Power wraps financing for Africa\u2019s biggest solar-plus-storage plant","author":"enterpriseam admin","date":"21 December 2025","format":false,"excerpt":"A who\u2019s-who of development finance institutions, including British International Investment, delivered a USD 570 mn debt package","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/986.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579988,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/this-evening-amea-lands-funding-for-solar-wind-plants-in-egypt-eurozone-inflation-cools-down\/","url_meta":{"origin":577687,"position":5},"title":"THIS EVENING: AMEA lands funding for solar, wind plants in Egypt + Eurozone inflation cools down","author":"enterpriseam admin","date":"30 November 2022","format":false,"excerpt":"Happy almost-THURSDAY, ladies and gentlemen. We\u2019re in that final stretch before the weekend, with plenty of news (and interesting World Cup matches) to keep us busy. THE BIG STORY TODAY- AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Emirati firm Al Nowais subsidiary AMEA\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/757.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577687"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577687\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577688"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577687"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577687"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}