{"id":110778,"date":"2025-12-19T00:00:00","date_gmt":"2025-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=110778"},"modified":"2026-01-04T21:27:00","modified_gmt":"2026-01-04T21:27:00","slug":"amea-lands-financing-for-another-solar-plant-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/12\/19\/amea-lands-financing-for-another-solar-plant-in-egypt\/","title":{"rendered":"Amea lands financing for another solar plant in Egypt"},"content":{"rendered":"

Amea <\/strong>Power<\/strong> and Japan\u2019s Kyuden will develop a 1 GW solar plant and 600<\/strong> MWh <\/strong>battery energy storage system (BESS) in Egypt <\/strong>after securing financing from the International Finance Corporation, according to a statement<\/a>. Construction had already started on the USD 700 mn project \u2014 set to come online in June 2026 \u2014 ahead of finalizing funding, with talks ongoing<\/a> since May.<\/p>\n

The project will be located in Aswan, where Amea already operates the <\/strong>500 MW Abydos solar plant<\/a><\/strong> and a <\/strong>300 MWh BESS<\/a><\/strong>.<\/strong> The company is also planning a USD 350 mn standalone 1.5 GWh BESS<\/a>, and supplying solar energy<\/a> to the Suez Canal Container Terminal and chemical manufacturer Befar Group under Egypt\u2019s peer-to-peer system.<\/p>\n

T<\/strong>he IFC is handing the firms a USD 83.5 mn senior loan<\/strong>, and mobilized USD 465.2 mn in funding from international partners including Italy\u2019s Cassa Depositi e Prestiti, Dutch Entrepreneurial Development Bank, Deutsche Investitions- und Entwicklungsgesellschaft, British International Investment, OPEC Fund for International Development, and Europe Arab Bank. The funding also includes concessional blended finance that aims to de-risk the project. <\/p>\n

The IFC is a recurrent financier for Amea Power\u2019s projects in Egypt.<\/strong> It committed funding for the Abydos plant<\/a> along with the integration of the BESS system, and the 500 MW Amunet wind project. <\/p>\n","protected":false},"excerpt":{"rendered":"

The firms have already kicked off construction on the project<\/p>\n","protected":false},"author":1,"featured_media":110779,"comment_status":"closed","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":[1604],"tags":[364,23,143,7,211,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-amea-power","tag-egypt","tag-energy","tag-enterpriseam-uae","tag-renewables","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"48100b54-6b14-4584-8812-d890bf0ca171","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1227.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Amea Power lands financing from IFC for another solar plant in Egypt","related_issue":[110764],"teaser":"The firms have already kicked off construction on the project"},"yoast_head":"\nAmea lands financing for another solar plant in Egypt - 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