{"id":95086,"date":"2024-08-23T00:00:00","date_gmt":"2024-08-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/egyptian-govt-greenlights-masdar-amea-power-renewables-projects\/"},"modified":"2024-08-23T00:00:00","modified_gmt":"2024-08-23T00:00:00","slug":"egyptian-govt-greenlights-masdar-amea-power-renewables-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/23\/egyptian-govt-greenlights-masdar-amea-power-renewables-projects\/","title":{"rendered":"Egyptian gov\u2019t greenlights Masdar, Amea Power renewables projects"},"content":{"rendered":"

Masdar, Amea Power to expand Egypt footprint: <\/strong>Renewables giant Masdar and Al Nowais subsidiary Amea power secured approval from the Egyptian government to develop several renewable energy projects in Egypt, according to a statement<\/a> from the Egyptian cabinet. The statement did not disclose the projects\u2019 financial details or expected timelines. <\/p>\n

#1- Masdar, <\/strong>Hassan Allam Utilities<\/a><\/strong>, and <\/strong>Infinity Power<\/a><\/strong>, received approval from the government to develop a 1.2 GW solar power project,<\/strong> complete with a 240 MWh battery storage facility. Additionally, the government greenlit the consortium\u2019s proposal to conduct feasibility studies to develop a 4 GW solar plant in the country.<\/p>\n

REMEMBER- Masdar has a lot in the pipeline for Egypt, <\/strong>earlier this week agreeing to build a 200 MW wind farm<\/a> in Ras Ghareb after inking a trilateral purchase power agreement with Egyptian renewables firm Infinity Power and the Egyptian Electricity Transmission Company (EETC). Masdar, Infinity Power, and Hassan Allam Utilities are also building a USD 10 bn, 10 GW wind farm project<\/a> in Sohag that is set to be one of the largest wind farms globally and the largest in Africa. The trio, along with global energy giant BP, will also set up a USD 15 bn green hydrogen project<\/a> in the SCZone.<\/p>\n

#2- Egypt also approved Amea Power\u2019s proposed renewable energy projects, <\/strong>including solar and wind facilities. The projects are set to include integrated and standalone battery storage systems. The projects\u2019 proposed capacity was not disclosed. <\/p>\n

Background:<\/strong> Amea Power previously received approval<\/a> from the Egyptian cabinet to expand its renewable energy projects in Egypt by 2 GW by next summer. The company is seeking to <\/p>\n

up its investments in Egypt and set up 2.5 GW<\/a> -worth of solar and wind projects. <\/p>\n

Amea Power \u2764\ufe0fEgypt: <\/strong>Amea is currently working on 1 GW-worth of renewable projects in Egypt \u2014 a 500 MW solar Abydos<\/a> plant which is set to begin operations by the end of September, as well as a 500 MW wind farm in Ras Ghareb that is lined up for completion mid-2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

Masdar will study the implementation of a 4 GW solar plant<\/p>\n","protected":false},"author":1,"featured_media":95087,"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":[1795],"tags":[364,23,7,171,401,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-amea-power","tag-egypt","tag-enterpriseam-uae","tag-masdar","tag-renewable-energy","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"3796ce75-4e7c-48d0-a41d-7cf487eed882","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/895.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian gov\u2019t greenlights Masdar, Amea Power renewables projects","related_issue":[95074],"teaser":"Masdar will study the implementation of a 4 GW solar plant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.851dabac-ea58-4f98-a6fe-445966eac017.mp3"},"yoast_head":"\nEgyptian gov\u2019t greenlights Masdar, Amea Power renewables projects - 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