{"id":100203,"date":"2025-01-30T00:00:00","date_gmt":"2025-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/amea-power-to-develop-a-usd-350-mn-battery-storage-project-in-egypt\/"},"modified":"2025-01-30T00:00:00","modified_gmt":"2025-01-30T00:00:00","slug":"amea-power-to-develop-a-usd-350-mn-battery-storage-project-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/01\/30\/amea-power-to-develop-a-usd-350-mn-battery-storage-project-in-egypt\/","title":{"rendered":"Amea Power to develop a USD 350 mn battery storage project in Egypt"},"content":{"rendered":"

UAE-based Amea Power will develop a USD 350 mn standalone 1.5 GWh <\/strong>battery <\/strong>storage project in Egypt<\/strong>, CTO Mahabir Sharma told The National<\/a> on Tuesday. The renewables firm inked an initial power purchase agreement with the Egyptian Electricity Transmission Company, with a binding agreement expected in \u201cone or two weeks.\u201d The project is slated for completion by March 2027.<\/p>\n

What we know:<\/strong> The standalone battery energy storage system (Bess) will be split between two locations with 1 GWh installed at Benban, Africa\u2019s largest solar park, and 500 MWh in the Red Sea town of Zafarana, Sharma told the National. Amea is also open to partnering on the Bess project. \u201cInitially, we will be handling it on our own, but we are always looking for a good partner to do the project,\u201d Sharma added.<\/span><\/p>\n

SOUND SMART-<\/strong> A stand-alone Bess<\/a> operates independently of any single power plant or specific power generation sources, storing electricity from the grid and discharging when needed. This contrasts with an integrated Bess, which is directly linked to a specific renewable energy source \u2014 typically solar or wind farms \u2014 storing only the power it generates. <\/p>\n

Amea is eyeing potential stake sale:<\/strong> Amea is currently in discussions with a \u201cselect group of investors\u201d to sell a stake in the company, Sharma said. He did not disclose the expected size of the transaction, though he said the company is in the due diligence phase, noting that Amea would remain the majority owner. <\/p>\n

What about green hydrogen? <\/strong>The company is advancing plans for a 1 GW green hydrogen project announced in 2022 \u2014 previously reported to have a capacity of 500 MW<\/a> \u2014 with feasibility studies underway and negotiations ongoing with potential offtakers, primarily in Europe due to lower logistical costs, Sharma explained.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 1.5 GWh project aims to stabilize Egypt\u2019s renewable grid by storing excess power for peak demands.<\/p>\n","protected":false},"author":1,"featured_media":100204,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1557],"tags":[364,23,7,293,25],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-amea-power","tag-egypt","tag-enterpriseam-uae","tag-green-hydrogen","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"94b5a487-6c76-4793-919b-385b747507d0","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/224.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Amea Power to develop a USD 350 mn battery storage project in Egypt","related_issue":[100189],"teaser":"The 1.5 GWh project aims to stabilize Egypt\u2019s renewable grid by storing excess power for peak demands.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.216fab9e-5b34-4de9-b49d-d8024a6beb2d.mp3"},"yoast_head":"\nAmea Power to develop a USD 350 mn battery storage project in Egypt - 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