{"id":95769,"date":"2024-09-13T00:00:00","date_gmt":"2024-09-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/amea-power-to-invest-usd-800-mn-more-in-renewables-projects-in-egypt\/"},"modified":"2024-09-13T00:00:00","modified_gmt":"2024-09-13T00:00:00","slug":"amea-power-to-invest-usd-800-mn-more-in-renewables-projects-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/13\/amea-power-to-invest-usd-800-mn-more-in-renewables-projects-in-egypt\/","title":{"rendered":"Amea Power to invest USD 800 mn more in renewables projects in Egypt"},"content":{"rendered":"

Amea Power secures two landmark projects in Egypt:<\/strong> Amea Power inked power purchase agreements to develop and expand solar and battery energy storage system projects in Egypt, it said in a press release<\/a>. The company will pour USD 800 mn in investments into the two projects, which together can power some 769k homes in Egypt, cutting carbon emissions by 2.3 mn tons per year, the statement added. <\/p>\n

#1- The company will develop Africa's largest solar project<\/strong> \u2014 a 1 GW facility with a 600 MWh battery energy storage system \u2014 in Benban, Aswan. The battery system will be the first utility-scale project of its kind in the country. No details on the timeline of the project have been disclosed.<\/p>\n

#2- Amea Power will also add a 300 MWh battery energy storage system to its 500 MW Abydos solar project <\/strong>in Kom Ombo. <\/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 up its investments in Egypt and set up 2.5 GW<\/a> worth of solar and wind projects.<\/p>\n

AMEA Power \u2764\ufe0f Egypt:<\/strong> The new projects add to AMEA Power\u2019s current portfolio, which includes the 500 MW Abydos<\/a> Solar PV Project set for commissioning in October 2024 and the 500 MW Amunet wind project due by mid-2025. <\/p>\n","protected":false},"excerpt":{"rendered":"

The projects include what is set to be the largest solar plant in Africa<\/p>\n","protected":false},"author":1,"featured_media":95770,"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":[1604],"tags":[364,143,7,211,339],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-amea-power","tag-energy","tag-enterpriseam-uae","tag-renewables","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"ada7b201-24e0-48e7-b292-cd80c369dd99","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/895.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Amea Power to invest USD 800 mn more in renewables projects in Egypt","related_issue":[95764],"teaser":"The projects include what is set to be the largest solar plant in Africa","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3636d458-1334-4ca2-8383-aff0e8a39baf.mp3"},"yoast_head":"\nAmea Power to invest USD 800 mn more in renewables projects in Egypt - 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